Bitcoin price held near $65,000 on Aug. 8, but its failure to reclaim the short-term holder cost basis left the recovery exposed to renewed selling. Bitcoin price struggles to hold above $65,000 According to data from crypto.news, Bitcoin ($BTC) price was trading near $65,015 at the time of writing after repeatedly testing the $65,000 area.
Domestic-currency stablecoins intended to curb reliance on dollar-backed tokens could instead make it easier for users to move funds into digital dollars, according to a senior International Monetary Fund (IMF) official. On Friday, IMF First Deputy Managing Director Dan Katz said that once local and dollar stablecoins operate on the same blockchain infrastructure, users can
Bitcoin traded near $65,000 heading into the weekend, sitting at the center of two macro forces pulling in opposite directions. The Aug. 7 jobs report weakened the case for a September rate hike, and tensions around the Strait of Hormuz threaten to revive the inflation trade that the report just cooled. The US economy lost
Bitcoin will draw trillions of dollars from institutional investors over the next decade as financial advisers, family offices, pension plans and sovereign wealth funds begin to view it as a mainstream financial asset, Bitwise Chief Investment Officer Matt Hougan told CoinDesk. The first professional investors to allocate at scale will be financial advisers and family
Jiang Zhuoer, founder of the B.TOP mining pool, stated that current capital flows in the cryptocurrency market do not signal the start of a new bull market, and pointed to the possibility of a final decline for Bitcoin after a short-term rise. According to data shared by Jiang Zhuoer, the outflow trend in stablecoin supply
Bitcoin Reclaims $65K Range On Friday, bitcoin finally breached the $65,000 threshold amid escalating rhetoric surrounding BIP 110 and threats of another hard fork. Bitstamp data shows the cryptocurrency peaked at $65,340—its highest point in August so far and its first return to that level since July 27. Before 4:00 a.m. EST, however, the cryptocurrency
Wall Street giant Morgan Stanley has continued to double down on its Bitcoin holdings, drawing attention from the crypto community amid unstable market conditions. According to recent data shared by Arkham Intelligence, the renowned banking firm has bought Bitcoin continuously for the past three days. Wall Street holds $400 million of Bitcoin Just a few
A wave of law-firm alerts is warning BitGo investors about an Aug. 7 deadline. However, the cutoff applies only to those seeking to lead a proposed securities class action against the crypto custodian. Over the past few days, several law firms, including DJS Law Group, Faruqi & Faruqi, and Schall Brown & Schwartz, have issued
One of the biggest Bitcoin security stories of the year unfolded last week as a firmware exploit affecting certain Coldcard hardware wallets renewed industry debate around self-custody and operational security. At the same time, another story was developing in the background. Over the same seven trading days, U.S. spot Bitcoin ETFs attracted $790.6 million in