Bitcoin enthusiasts remain doubtful about institutions: Preston Pysh
Concerns Over Institutional Bitcoin Adoption Preston Pysh, co-founder of the Bitcoin venture fund Egodes Capital, expressed that early adopters of Bitcoin may always hold a skeptical view towards institutional acceptance. In a conversation with Natalie Brunel on the Coin Story Podcast, he noted, “Part of that culture looks at where this is heading and says, […]
If Companies Holding Bitcoin Are Spending Billions, Why Isn’t The Price Rising?
Bitcoin (Crypto: BTC) has seen a spike in interest lately, yet this hasn’t translated into a corresponding rise in prices. Despite the increasing trend of public companies holding Bitcoin, the actual price movement remains relatively stagnant. Remarkably, Bitcoin is currently about 8% lower than its all-time high, with only a 19% increase since the beginning […]
Bitcoin price surge to $117K wipes out short sellers, paving the way for new record highs
Bitcoin’s Recent Surge: Key Insights Key points: Bitcoin’s price jumped 5% to reach $117,300 following Federal Reserve Chair Jerome Powell’s remarks hinting at potential interest rate cuts. Analysts suggest BTC is on an upward trend, possibly hitting $200,000 by year-end. On Friday, Bitcoin (BTC) surged past $117,000 after Jerome Powell suggested in his speech at […]
Coinbase’s Strategy Head Highlights Crypto Stock Recovery as Bitcoin and Ethereum Rise
Simply put Stocks of cryptocurrency companies experienced a boost alongside digital currencies and major market indices. This spike was influenced by a speech from Federal Reserve Chair Jerome Powell, indicating potential interest rate cuts next month. Both Bitcoin and Ethereum saw increases in value last Friday, with Ethereum and altcoins leading the rise. The shares […]
Crypto Update: Bitcoin, Ethereum, and XRP’s profits fall ahead of Fed Powell’s speech
Bitcoin struggles as Powell’s speech at the Jackson Hole Symposium approaches, losing its daytime profits. Ethereum shows signs of recovery within a rising channel pattern. XRP faces the risk of testing monthly lows near the $2.75 support area. Bitcoin (BTC) and Ripple (XRP) are finding themselves at crucial points, as profit supply diminishes while technical […]
Morning Update: Coinbase CEO Urges Bitcoin to Reach $1 Million
Good morning! Here’s what’s trending today: The market is looking somewhat bearish ahead of Jackson Hole. Bitcoin is down 1% at $112,300. Metamask has announced the launch of its new stablecoin, Musd, on ETH and Linea. Plasma’s XPL token will debut at $0.45 in its pre-market phase, marking a significant increase from earlier prices. An […]
Bitcoin Investor Loses $91 Million to a Social Engineering Scam
Simply put Investors lost 783 Bitcoin due to social engineering scams, as reported by On-Chain Thruce ZACHXBT. The perpetrator reportedly used a coin mixing service in an effort to obscure the stolen funds. Zachxbt noted that last year, three individuals employed similar tactics to steal $243 million in Bitcoin. On Tuesday, cryptocurrency investors fell victim […]
Bitcoin Traders Prepare for Jackson Hole. Implications of Powell’s Major Speech for Cryptocurrency.
Key takeout Bitcoin traders were offloading their assets ahead of Jerome Powell’s much-awaited speech on Friday at the Jackson Hole Economic Policy Symposium. Current Bitcoin options pricing indicates a pessimistic outlook across various time frames. Analysts suggest that Bitcoin’s long-term upward trend may still have some life left in it. As market anticipation builds, Bitcoin […]
Bitcoin falls before the Fed chair’s speech at Jackson Hole.
Crypto Market Holds Its Breath for Powell’s Speech Crypto investors are anxiously awaiting remarks from Federal Reserve Chairman Jerome Powell at the Jackson Hole conference in Wyoming this Friday. Bitcoin is hovering around $112,000, showing a slight increase of about 1% over the past 24 hours and roughly 5% over the week. On the other […]
Bitcoin price decline depends on $114K as markets overlook US-EU trade agreement
Key Points: Bitcoin has reached a critical weekly price point to watch closely: $114,000. There’s a notable risk in the BTC market structure, suggesting it might be “weak” as liquidity is positioned under recent declines. Even with a trade agreement between the US and EU, expectations for a Federal Reserve rate cut in September are […]