Bitcoin Surges Above $90K on Fed Optimism
Bitcoin surged above $90,000 following the Federal Reserve’s end of quantitative tightening and a $13.5 billion liquidity injection, coinciding with Vanguard’s crypto ETF trading launch. #Update #Crypto $BTC
Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
Bitcoin surged above $90,000 following the Federal Reserve’s end of quantitative tightening and a $13.5 billion liquidity injection, coinciding with Vanguard’s crypto ETF trading launch. #Update #Crypto $BTC
U.S. DOJ seizes tickmilleas.com domain tied to Burma-based crypto scam; Google, Apple, and Meta remove linked apps after FBI alert. Huione Group shuts down amid sanctions. #Breaking #Legal @DOJ
European authorities seized $29M after shutting down a cryptomixer linked to illicit activities, marking a significant legal enforcement action. #Breaking #Legal
@Strategy signaled potential $BTC sales to protect dividends if valuation nears parity, highlighting market pressure and possible rare sale. #Update #Finance
Taurus partners with Everstake to offer institutional-grade crypto staking for $SOL, $NEAR, $ADA, and $XTZ, enhancing security and compliance for financial institutions. #Update #Staking
@Strategy CEO Phong Lee stated the company won’t sell $BTC before 2029, backed by a $1.44B reserve for dividends, reducing liquidation risk during downturns. #Update #Crypto $BTC
Gary Gensler, former SEC Chair, claims all crypto assets except Bitcoin are highly risky and speculative, emphasizing Bitcoin’s distinct status as a commodity. #Update #Crypto $BTC
Texas became the first US state to invest public funds in Bitcoin, purchasing $5 million of BlackRock’s IBIT ETF, marking a shift from mining to digital asset investment under Senate Bill 21. #Update #Crypto $BTC
@BlackRock’s IBIT ETF reached $3.7B in trading volume, surpassing Vanguard’s VOO at $3.28B, amid Bitcoin’s price recovery. Major cryptos like $ETH and $ADA surged over 7%. #Update #Crypto $BTC
Bitcoin long-term holders show the first uptick since April lows, suggesting potential bullish sentiment. This development may indicate renewed confidence in $BTC’s future prospects. #Update #Crypto $BTC
Bitcoin ($BTC) is currently undervalued by 66% against the global money supply, with a fair value estimated near $270,000, while gold overshoots by 75%. #Update #Crypto $BTC
Bitcoin surged 6.7% to over $90,000, triggering $157M in short liquidations; Ethereum briefly surpassed $3,000. Crypto ETFs attracted $1B despite market fragility ahead of the Fed meeting. #Update #Crypto $BTC
Kevin O’Leary claims altcoins are obsolete, asserting $BTC and $ETH as the only remaining alpha in crypto. #Update #Crypto $BTC
Bitcoin price holds near $87,818 with a market cap of $1.739 trillion amid momentum challenges and technical resistance. #Update #Crypto $BTC