Cryptocurrency analyst Timothy Peterson stated that recent economic developments have given a very strong bullish signal for Bitcoin. Peterson said in his assessment that high interest rates have been suppressing economic activity for a long time, but recent developments have begun to give markets a breather. Peterson noted that high interest rates have effectively locked
Bitcoin exchange-traded funds (ETFs) recorded a massive $418 million outflow while ether ETFs logged their fifth straight day of redemptions with $248 million. ETF Exodus Deepens: Bitcoin Funds Shed $418 Million, Ether Sees $248 Million Outflow It was a week the ETF market would rather forget. Bitcoin and ether funds closed Friday, Sept. 26, deep
A Bitcoin whale has acquired 584 BTC worth $63.9 million, continuing on the conventional whale behavior of large-scale BTC acquisition during a shaky market. The mentioned transaction, carried out in Binance Hot Wallet, reveals how institutional investors and already high-net-worth individuals are taking advantage of price volatility to accumulate large positions in Bitcoin. The strategic
Establishing a national Bitcoin (BTC) strategic reserve may create negative market impacts for BTC and the US dollar, according to Haider Rafique, global managing partner for government and investor relations at crypto exchange OKX. Rafique told Cointelegraph that any government holding significant portions of the BTC supply could manipulate prices by dumping its holdings onto
With three days left in September, bitcoin hovers around the $109,000 range and the market’s already chanting “Uptober,” the crypto calendar’s most meme-able month for momentum. October Playbook: Why BTC Die-Hards Treat ‘Uptober’ Like a Holiday September hasn’t been a disaster, but it hasn’t been a joyride either. Over the past two weeks, bitcoin has
US President Donald Trump shared a humorous image targeting Federal Reserve Chair Jerome Powell on social media on Saturday. The image shows Trump telling Powell, “You’re Fired!” Trump has frequently voiced criticism of Powell, who has long been reluctant to cut interest rates. Jerome Powell image shared by Trump. The Fed cut interest rates for
In a recent trend within Brazil’s cryptocurrency landscape, small and medium-sized enterprises (SMEs) are becoming pivotal players. Daniel Cunha, leading Corporate Development at Mercado Bitcoin, the premier cryptocurrency exchange in Brazil, shared that these businesses constitute approximately 10% to 15% of the platform’s assets. Their primary aim is not speculative trading but rather securing their
Analyst Benjamin Cowen says he’s bullish on Bitcoin (BTC) despite the crypto king falling by around 12% from its all-time high price. In a new strategy session, Cowen tells his 933,000 YouTube subscribers that the downturn in Bitcoin is nothing out of the ordinary in the month of September during the post-halving years. “So, as
The third quarter is turning out to be a tough period for companies that followed in the footsteps of Michael Saylor’s Strategy (previously known as MicroStrategy). The stock prices of these companies are slipping as their total share value dip below the worth of their crypto holdings. Several digital asset treasuries, or DATs, began buying
Derivatives products, like options contracts — financial instruments that give investors the right but not the obligation to buy or sell an asset at a pre-determined price — will drive the Bitcoin (BTC) market capitalization to at least $10 trillion, according to market analyst James Van Straten. Van Straten said that options and other derivatives