The Federal Reserve instituted a 50-point rate cut, with promising liquidity conditions for a Bitcoin price spike. However, risks abound with cuts this severe, and crypto profits are far from guaranteed. Global liquidity is very […]
TL;DR Bitcoin surged past $62,000 after the US Fed lowered interest rates, with 88% of holders now in profit. Analysts remain bullish on BTC, predicting further gains if it reclaims the $65,000 resistance level, with […]
Despite a modest uptick in Bitcoin prices this September, BlackRock’s iShares Bitcoin Trust (IBIT) has experienced sluggish inflows. It netted just $6.76 million for the month. While IBIT has been stagnant, other funds faced outflows. […]
TL;DR The cryptocurrency industry may be intriguing, but one should enter the ecosystem with caution. A well-known analyst advised beginners to avoid new token launches, focus on projects with large communities, and observe how assets […]
Virginia-based software company MicroStrategy has announced a $700 million convertible bond offering to boost its Bitcoin reserves and pay down debt. The offering, targeting qualified institutional buyers, will mature in 2028. The firm expects it […]
TL;DR Bitcoin shows signs of a potential rally, with some analysts predicting a jump to a new all-time high. Conversely, increased exchange inflows suggest possible short-term selling pressure. Good News for the Bulls? Bitcoin’s price […]
Robbie Mitchnick, Head of Digital Assets at BlackRock, shared insights into the firm’s crypto strategy. BlackRock has been developing its approach for much longer than many might realize. Mitchnick discussed BlackRock’s journey, Bitcoin’s role as […]
The number of Bitcoin addresses depositing into exchanges has dropped to 132,100. According to insights published on CryptoQuant by analyst CryptoOnchain, this is a figure last seen in 2016. Decreased Selling Pressure This metric, which […]
Coinbase has addressed recent rumors that it was issuing Bitcoin IOUs to BlackRock for its spot exchange-traded fund (ETF) product. These rumors emerged as TRON blockchain founder Justin Sun criticized the firm’s wrapped Bitcoin product, […]
The price of bitcoin (BTC) has entered a bearish phase, stemming from the asset’s constant decline and range-bound movement. As a result, the largest cryptocurrency has decoupled from gold. According to CryptoQuant analysts, bitcoin’s price […]
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