Bitcoin creates a bear trap reminiscent of 2024 before a significant short squeeze, according to a trader.
Key Points The current weakness in Bitcoin’s price might lead to a significant short liquidation event as bearish sentiment grows. New forecasts indicate that market makers are potentially setting up large bear traps intentionally. BTC’s price is now back at $113,000, with the short positions being cleared out. Bitcoin (BTC) may see its “next major […]
Bitcoin Remains Stable as Traders Anticipate Friday’s Job Reports
Simply put Bitcoin remains stable over the last 24 hours, currently trading at $111,100, as previous losses stabilize, according to Coingecko. Goldman Sachs anticipates the payroll report will indicate 60,000 jobs added, falling short of the 75,000 expected, with the unemployment rate likely rising to 4.3%. The market is largely optimistic about a 25 basis […]
Kraken Purchases Breakout to Allow Leveraged Bitcoin Trading With Funded Accounts
Kraken Acquires Breakout Trading Platform US crypto exchange Kraken announced on Thursday that it has acquired the trading platform Breakout. Based in San Francisco, Kraken stated that the acquisition targets senior traders. Breakout enables qualified users to access up to $200,000 in anticipated capital while allowing them to retain up to 90% of their earnings. […]
What to Anticipate from Bitcoin This September
Analyzing Bitcoin’s Seasonal Trends Seasonal patterns in Bitcoin often capture the attention of investors, but when you dig into historical performance, there’s really not much to surprise you. Typically, September has been a month where Bitcoin tends to see declines. But could this time be different? What kind of drop are we talking about? And […]
Eric Trump and Don Jr.’s investment in American Bitcoin rises to $1.5 billion after Nasdaq launch
Trump Sons See Major Gains from American Bitcoin After its initial stock launch on Wednesday, Eric Trump and Donald Trump Jr.’s stakes in American Bitcoin are valued at over $1.5 billion. The Bitcoin mining firm saw its value more than double, rising 110% to close at $8.04 by the end of its first day on […]
Experts Suggest Bitcoin Could Rise as the Dollar Falls and Bond Yields Increase
US Dollar Weakness Boosts Bitcoin Sentiment Investment insights from Thursday highlight that the declining US dollar, combined with heightened governance risks and changes in the yield curve, create a favorable outlook for Bitcoin. The US Dollar Index (DXY), which measures the dollar’s value against a selection of global currencies, has dropped by 11% since the […]
California’s $500 Billion Pension Fund Divided Over Bitcoin Investment
Simply put CalPERS candidates have varied opinions on crypto investments, ranging from strong rejection to cautious analysis. The fund possesses 410,596 shares valued at $165.9 million, allowing for indirect Bitcoin exposure. One candidate indicates a willingness to keep the possibility of crypto investments on the table, while another emphasizes the potential of blockchain technology. During […]
Riot and CleanSpark Report Increased Bitcoin Production in August
In a recent operational update, both Riot Platforms and CleanSpark reported an increase in their Bitcoin production for August. Riot Platforms mined 477 BTC, up from 322 BTC a year earlier, marking a 48% increase compared to August 2024. The company sold 450 BTC in the same month, generating net revenue of $51.8 million and […]
U.S. Bancorp welcomes bitcoin again following the resolution of previous issues.
US Bancorp Resumes Bitcoin Custody Service US Bancorp is reintroducing its Bitcoin custody services. The bank is partnering with NYDIG. This restart follows a three-year pause due to regulatory concerns. US Bancorp announced on Wednesday that they are reviving their Bitcoin management services. The decision comes after changes in regulatory guidance from the Biden administration, […]
Eric Trump’s Fortune Rises with $548 Million Bitcoin Investment
(Bloomberg) – Eric Trump’s venture, a crypto company launched this year, has a valuation of approximately $548 million, highlighting how the Trump family is capitalizing on the digital assets market. Bloomberg estimates that Eric owns about 7.5% of this American Bitcoin company, which emerged from some corporate adjustments and began trading on the Nasdaq Exchange […]