Bitcoin has gained almost 23% over the past month, but a few choppy sessions briefly dragged the asset below $76,500. $BTC has since stabilized above $77,700 following a minor 1.4% surge on Thursday. The latest uptick came mainly from short covering rather than a fresh increase in leverage, according to QCP Capital, as markets continued
As IREN Ltd. (NASDAQ: IREN) stock surged by more than 14% over the past two days, driven by strong institutional demand for its Artificial Intelligence (AI) cloud infrastructure, Gautam Chhugani, an analyst at Bernstein, expects it to rally towards a new all-time high (ATH) over the next 12 months. Chhugani reaffirmed a ‘Buy’ rating on
Bitcoin’s relationship with global markets is changing as its price movements continue to track gold while weakening its correlation with technology stocks. Bloomberg and Grayscale Investments data show Bitcoin’s 90-day correlation with gold reaching above 50% by August 24, 2026, while its correlation with the Nasdaq 100 dropped to roughly 33%. The crossover strengthens Bitcoin’s
As of September 3, 2026, the Bitcoin price today sits at $77,927.99, holding just above a cluster of daily moving averages that have defined the uptrend for months. $BTC consolidates right at its daily pivot after a late-August run above $80,000. $BTC/USDT — daily chart with candlesticks, EMA20/EMA50 and volume. Key takeaways Bitcoin trades at
U.S. Treasury Secretary Scott Bessent’s warning that the world is “awash in debt” has been seized on by Anthony Scaramucci as an inadvertent advertisement for Bitcoin. “Bessent stood in front of the G20 and said the world is awash in debt. Bitcoin’s entire pitch is that sentence,” Scaramucci, founder of SkyBridge Capital and a longtime
Bitcoin ($BTC) surged above $81,000 following comments from Federal Reserve Board member Christopher Waller suggesting interest rates could remain unchanged at the September meeting, triggering massive liquidations in the cryptocurrency derivatives market. Leveraged trades held by investors taking positions against the rise were rapidly closed, with $334.6 million worth of positions liquidated in just the
Bitcoin’s recovery, which began in mid-August, has lost momentum in recent days. While $BTC rose above $81,000 in August, it subsequently fell back to around $76,000. While Bitcoin continues its sideways movement, Glassnode noted that $BTC is losing momentum in the supply zone where long-term investors are concentrated. Bitcoin’s Rise Was Thwarted by a Supply
Bitcoin ($BTC) surged following dovish statements from the Fed. Bitcoin climbed above $81,000 as expectations of a rate hike diminished after Fed Board member Christopher Waller indicated he might support keeping interest rates unchanged in September. Waller stated today that, barring any unexpected increases in upcoming inflation data, the Fed favors maintaining current interest rate
Cryptocurrency exchange Bitget is in talks with a number of the world’s largest financial institutions about expanding their digital asset presence in Asia, its CEO told CoinDesk. Gracy Chen highlighted BlackRock, the world’s largest asset manager, as one example of such a firm seeking to expand distribution of their tokenized exchange-traded funds (ETFs) in the
Pons, an app that lets anyone create and trade a token on Robinhood’s new blockchain, generated nearly $6 million in fees over the past 24 hours, vaulting it into the top tier of crypto’s fee-generating protocols as memecoin activity surged across the network. Users paid about $5.95 million in fees through Pons over the past