Bitcoin has surged back toward the top of its multi-month range, but the $80,500-$83,000 region now stands between $BTC and a confirmed bullish breakout. Two daily-chart setups suggest the rally can ultimately extend higher, although both leave room for consolidation or a deeper pullback before buyers attempt the next major leg. Bitcoin Fractal Signals Chop
Borrowers across the US have gained access to the crypto-backed mortgage offering introduced by Coinbase and Better Mortgage. The product pairs a standard conforming mortgage with a separate loan secured by pledged Bitcoin. Better originates and services both loans. In the meantime, Coinbase provides the infrastructure for holding the crypto collateral. Bitcoin as a down
Tokenized deposits could reduce U.S. banks’ capacity to hold long-term interest-rate exposure by $700 billion under one modeled scenario, according to research published Aug. 25 by Dallas Fed economists Rosie Levy and Srini Ramaswamy. The figure does not represent $700 billion of deposits expected to leave banks or an equivalent guaranteed decline in lending. It
Global M2 Blows Through Record Territory Just like the global debt, the money supply (M2) is growing enormously. The United States M2, which basically is a measurement of all the money circulating in the American economy, tapped a record high of $23.16 trillion. Combining all the major countries and regions, including the United States, the
Mirae Asset Group Chairman Park Hyeon-joo has voiced a strongly negative view on Bitcoin investment, saying that few people have made money from the cryptocurrency and that many have suffered severe losses. Speaking during a meeting with employees of DigitalX, the group’s digital asset subsidiary, in Seoul on Tuesday, Park also criticized the listing practices
Software firm Strategy has moved closer to eliminating its net leverage, reporting $6.69 billion in dollar liquidity against roughly $67.5 billion in debt. The company, which holds about $66 billion in Bitcoin, calculates its net leverage by comparing its debt minus dollar-denominated assets with its $BTC holdings. With dollar reserves approaching the size of its
Russia’s MTS, Rostelecom and MegaFon have prepared to accept digital ruble payments from Sept. 1 as Russia begins the first mandatory stage of its nationwide central bank digital currency rollout. Vedomosti reported that the three major telecommunications operators are preparing their payment systems for the launch, with MTS offering digital ruble transactions across services connected
Two days into this week, Bitcoin ETFs have already pulled in $651.93M, more than a third of last week’s $1.92B total. That pace matters more than today’s 0.09% dip. $BTC is still consolidating inside the rising channel that’s held since August 20, and whether ETF demand keeps up this pace through Friday says more about
Bitcoin transfers can occur between two individuals without any third party getting involved. It can be transferred from one wallet to another without a bank, paperwork, or even the name appearing on the blockchain. This is also possible when the crypto is paid as a gift. Thus, it is difficult to identify what the transfer