Bitcoin Price Rises as Fed Chair Jerome Powell Signals Rate Cut Is Imminent – Decrypt
Bitcoin prices rose on Friday as Federal Reserve Chairman Jerome Powell prepared to cut interest rates in the coming months, signaling that the U.S. central bank is comfortable with keeping inflation in check but is paying more attention to a weakening and expanding labor market. “The direction to move is clear, and the timing and […]
Bitcoin Slips Below 200-Day SMA, Presents Dual Price Potential – Bitcoinist
Over the past two years, Bitcoin (BTC) has produced a strong positive price performance, rising more than 300% since the beginning of 2023. In 2024 alone, this crypto market leader has surged 40%, notably reaching an all-time high of $73,750 in March. However, recent price movements suggest that Bitcoin’s upward trajectory may experience a major […]
Bitcoin metrics line up bull signals with $60.6K BTC price level to beat – TradingView
Bitcoin BTCUSD At the weekend close on August 18, the price of BTC rose in after-hours trading, seeking to recover above $60,000. Cointelegraph Ichimoku Kinko Hyo Crossover Leads to Bullish Signal for BTC Price Bitstamp hit a new local high of $60,271 on the day, according to data from Cointelegraph Markets Pro and TradingView. Despite […]
Bitcoin metrics line up bull signals with $60.6K BTC price level to beat – Cointelegraph
Bitcoin (BTC) was on track to recover to $60,000 by the weekend close on August 18 as the price remained firm in after-hours trading. BTC/USD 1-hour chart. Source: TradingView Ichimoku Kinko Hyo Crossover Leads to Bullish Signal for BTC Price Data from Cointelegraph Markets Pro Trading View That day, Bitstamp hit a new local all-time […]
Bitcoin miners may gain $13.9B yearly from 20% shift to AI and HPC: VanEck – Cointelegraph
Bitcoin miners could generate around $13.9 billion in additional revenue per year by 2027, if they partly transition to powering the artificial intelligence and high-performance computing (HPC) sectors, according to investment firm VanEck. “AI companies need energy, and bitcoin miners have it,” Van Eck said on Aug. 16. ReportThe company believes that for bitcoin miners, […]
If Bitcoin is decoupling from NASDAQ, what does that mean for you? – AMBCrypto News
Bitcoin Deviates from Previously Observed Correlation with the Stock Market Is this separation a good thing for BTC going forward? Bitcoin has maintained a fairly good correlation with the stock market for quite some time now, but what happens when this correlation breaks down and how does that impact BTC price movements? The influx of […]
Bitcoin Spot ETFs gain investor interest despite August outflows – Cointelegraph
Bitcoin exchange-traded funds (ETFs) continue to attract investor interest despite experiencing heavy weekly outflows in early August. Data from SoSoValue, August 16 Revealed The weekly net inflows into the Spot Bitcoin ETF reached $32.58 million, in stark contrast to the outflows from the previous week. On August 2, the Spot Bitcoin ETF saw a net […]
MicroStrategy’s Bitcoin ETF crosses $22M volume on launch: Impact on BTC? – AMBCrypto News
MicroStrategy predicts $22 million in trading volume on launch day as Bitcoin’s historical patterns repeat themselves. Despite worried market sentiment, Bitcoin ETF net inflows turned positive again after a day of outflows. Major player MicroStrategy Bitcoin [BTC] Player saw $22 million in trading volume on the ETF’s first day, likely setting a record for a […]
Marathon Digital buys $249M Bitcoin, reserves reach 25K BTC – Cointelegraph
Bitcoin miner Marathon Digital has bought an additional $249 million worth of Bitcoin after raising $300 million in a senior debt offering. On August 14, the miners said The company used a portion of the bond sale proceeds to purchase approximately 4,144 Bitcoin (BTC) at an average price of approximately $59,500, bringing its “strategic Bitcoin […]
US Bitcoin ETFs ‘on track’ to top Satoshi’s BTC stack soon – Cointelegraph
The total amount of Bitcoin held by U.S. physical Bitcoin exchange-traded funds (ETFs) may soon surpass the holdings of Satoshi Nakamoto, the cryptocurrency’s anonymous creator. Bloomberg ETF analyst Eric Balchunas posted a chart to X on Aug. 13 noting that the ETF currently holds a total of 909,700 Bitcoin (BTC), which at a current price […]