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Bitcoin metric calls 'local bottom' as traders eye sub-$60K BTC price – TradingView

Bitcoin BTCUSD With major BTC price indicators seeing room for growth, it suggests a third “local bottom” could occur in 2024. The latest research published by on-chain analytics platform CryptoQuant on August 8th shows bullish indications from the network value-to-transaction golden cross (NVT-GC) tool. BTC price is “overly depressed” Bitcoin is at risk of collapsing […]

RFK Jr. promises BTC strategic reserve, dollar backed by hard assets – Cointelegraph

Independent presidential candidate Robert F. Kennedy Jr., speaking to an audience at the Bitcoin2024 event on July 26, praised the role Bitcoin will play in improving the U.S. economy and the American way of life, and promised to sign several executive orders to start that process on his first day in office. Bitcoinization by Presidential […]

German Gov’t $354M BTC sell-off: Yet more volatility incoming? – Cointelegraph

A wallet named after Arkham Intelligence’s German Government (BKA) has an additional 6,000 bitcoin (worth $354 million) stored in preparation for the next BTC sale. So far, 5,853.409 Bitcoin (BTC) has been sent to addresses associated with exchanges such as Coinbase, Kraken, and Flow Traders, as well as other unconfirmed or unverified addresses. The next […]

0.1 BTC Might be Enough to Retire by 2038 – ZyCrypto

Despite Bitcoin’s recent price drop, HODLers may take comfort in long-term price predictions: According to one X analyst, 0.1 Bitcoin could allow one to retire in 2038. He based these calculations on certain set parameters that focus on a gradual decline in the US dollar due to heavy central bank manipulation. How much will Bitcoin […]

Mt. Gox’s Bitcoin repayment: Will $9B BTC dump sink prices again? – AMBCrypto News

The notorious bankrupt cryptocurrency exchange Mt. Gox will return $9 billion worth of Bitcoin to creditors. Interest in a Bitcoin ETF has also grown significantly in recent days. Bitcoin [BTC] The recent price rally has created optimism across the cryptocurrency market, but this optimism may not last long. Will Mt.Gox lead to further Bitcoin losses? […]