TL;DR Analyst Merlijn sees Bitcoin forming two inverse head and shoulders patterns, projecting a $150K rally. Resistance near $111K remains firm, with downside targets near $103K if the price fails to break higher. Businesses allocate 22% of their profits into Bitcoin, while institutions add $43.5B to their balance sheets in 2025. Double Inverse Head and
In a tweet published today, Bloomberg’s senior commodity strategist, Mike McGlone, recalled the event that triggered the creation of Bitcoin – the Great Recession of 2008. It prepared the ground for the appearance of not only BTC but also “a flood of cryptocurrencies”. McGlone pointed out that there are approximately 20 million coins listed on
Latest inflation data suggest that the Fed will likely remain conservative in its rate cuts, far short of Trump’s preferred 1% level. Summary U.S. services inflation remained high in August, removing hopes for a higher rate cut The Fed will still likely cut interest rates by 25 basis points, as expected Higher-than expected interest rates
Key Takeaways Nasdaq now requires shareholder approval for firms issuing stock to buy crypto, with non-compliant companies facing suspension or delisting. Strategy, BitMine, SharpLink, and Ethzilla stocks fell alongside Bitcoin’s drop below $110,000, dragging the broader crypto market lower. Crypto-linked stocks fell Thursday after Nasdaq introduced new rules requiring some companies to obtain shareholder approval
A significant development is shaking up the investment world: BlockSpaceForce and Mainnet Capital have officially launched a groundbreaking crypto stock hedge fund. This new Singapore-based initiative aims to secure an impressive $100 million in assets under management (AUM), signaling a robust interest in the evolving digital asset landscape. This fund represents a unique blend of
Fintech giant Stripe today officially announced its partnership with venture capital firm Paradigm and revealed that the firms are launching a Layer 1 blockchain, Tempo. Tempo is an Ethereum-Virtual Machine (EVM)-compatible blockchain designed for high-volume payment use cases with a built-in stablecoin automated market maker (AMM), and claims high throughput, low latency, and opt-in private
The world of decentralized applications (dApps) is constantly evolving, driven by innovation at the intersection of AI and blockchain. A pivotal announcement recently emerged that promises to reshape how developers interact with these cutting-edge technologies. This significant development involves Infinity Ground Aptos support, a move set to unlock unprecedented opportunities for creators. What Does Infinity
Collaborative design software company Figma (FIG) expanded its bitcoin BTC$109,741.83 holdings to $91 million in the second quarter of this year, the company disclosed Wednesday during its earnings call. The move, revealed by Chief Financial Officer Praveer Melwani, comes as part of a larger $1.6 billion cash position. “Within the $1.6 billion, we also held
A colossal movement in the crypto world has just occurred, capturing the attention of investors and analysts alike. Whale Alert, a well-known blockchain tracking service, recently reported a significant Bitcoin transfer: a staggering 2,849 BTC, valued at approximately $312 million, moved from an unknown wallet directly to Galaxy Digital. This isn’t just another transaction; it’s
Mark Branson, the German regulator at the helm of the Federal Financial Supervisory Authority (BaFin), remains staunchly anti-Bitcoin despite the significant progress that the cryptocurrency has made over the past few years in terms of institutional adoption. The fact that Bitcoin and other popular cryptocurrencies have gained mainstream adoption does not make them “sensible” investments,