Bitcoin (BTC) Update: Staying Above the 200-day Average, But For How Much Longer?
Bitcoin Analysis Following Fed Chair’s Comments Bitcoin has recently taken a hit, especially after Federal Reserve Chairman Jerome Powell made some hawkish remarks. Without a doubt, his comments raised eyebrows, particularly when he downplayed expectations for an interest rate cut in December. Looking at the price chart, BTC has experienced selling pressure. However, it still […]
Massachusetts Police Caution About Bitcoin ATMs in ‘Missed Jury Duty’ Scam
Simply put Two individuals fell victim to a scam, losing nearly $7,000, after being told they owed money for not serving jury duty. They were directed to use Bitcoin ATMs to send money they believed was owed. According to the FBI’s Internet Crime Report, fraud involving Bitcoin ATMs has escalated, with losses hitting almost $247 […]
Bitcoin and Ethereum Drop After Fed Lowers Rates, but Powell Indicates Another Cut is Uncertain
Simply put The CME FedWatch tool, using futures trading data to gauge trader sentiment, indicated a high likelihood of a rate cut. The Conference Board’s Expectations Index, an indicator of business confidence, remains below the level that typically signals an impending recession. Bitcoin is significantly lower than its all-time high reached earlier this month. The […]
Michael Saylor and Robert Kiyosaki Share Bitcoin Price Forecast for the End of 2025
Predictions for Bitcoin’s Future Value Michael Saylor, the executive chairman of MicroStrategy, and Robert Kiyosaki, the author of “Rich Dad Poor Dad,” have expressed optimistic forecasts about Bitcoin’s price, suggesting it might double by the end of 2025. The predicted price range for Bitcoin sits between $111,000 and $115,000, notably down from its all-time high […]
Recent Bitcoin Decline Has Risked $1B in sUSD Loop Trades, Research Firm Warns
DeFi Risks Following Market Crash In the aftermath of the market crash on October 10, which resulted in significant losses for Bitcoin, nearly $1 billion in decentralized finance (DeFi) positions tied to Ethena-backed USDe (sUSDe) face potential risks, as highlighted in a recent report by Sentora Research. Following the crash, interest rates within the DeFi […]
Asia Morning Briefing: Bitcoin Stays Steady as Traders Hold Stablecoins Before Fed Decision
Good morning, Asia. Here’s what’s making news in the market: Welcome to Asia Morning Briefing, your daily update on noteworthy news in the markets during U.S. hours, as well as a review of market movements and insights. For a comprehensive analysis of the U.S. market, check out CoinDesk’s Crypto Daybook Americas. Bitcoin was trading at […]
S&P Assigns B- Rating to Strategy (MSTR) Due to Bitcoin (BTC) Risk and Cash Drain
Strategy (MSTR) Receives B- Credit Rating from S&P Global Strategy (MSTR) has been assigned a B- credit rating by S&P Global. This rating indicates S&P’s perspective that the firm’s business model, primarily based on Bitcoin holdings, carries substantial financial risks. This is notable given the company’s significant market capitalization and robust access to capital markets. […]
Trump Sons’ Bitcoin Holdings Increase After $163 Million Investment in BTC Treasury
Simply put American Bitcoin has acquired 1,414 bitcoins, the company announced on Monday. Bitcoin was trading at a two-week high above $115,500. Over 200 companies have built Bitcoin vaults. American Bitcoin (ABTC), which is publicly traded and backed by Eric Trump and Donald Trump Jr., recently reported an addition of 1,414 Bitcoins valued at around […]
Mt. Gox Delays Bitcoin Repayments Until October 2026
Simply put Mt. Gox, the now-defunct cryptocurrency exchange, has moved its repayment deadline to October 31, 2026, according to a court notice. So far, around 19,500 creditors have received repayments, yet a significant number are still waiting. The announcement of initial repayments led to a market sell-off, but the latest delay didn’t seem to faze […]
Bitcoin no longer meets expectations: Miners turn to AI, boosting stocks
Bitcoin Miners Shift Focus to AI Bitcoin miners are beginning to utilize their computing capabilities to tap into the rapidly growing AI market, which has caught the attention of investors. Enterprises that previously concentrated on mining cryptocurrencies are now entering into long-term agreements, aiming to repurpose their land, energy, and data centers for AI applications. […]