Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
Peter Schiff questions Michael Saylor’s $BTC prediction, claiming Bitcoin’s value depends on new buyers, unlike gold’s tangible worth. Schiff doubts Bitcoin’s long-term viability, highlighting market dynamics and MicroStrategy’s stock performance.
SpaceX holds $500M in $BTC, maintaining this position for two years. Combined with Tesla, @elonmusk’s ventures hold nearly 19,800 BTC, valued over $1B. Bitcoin surged 3% in 24 hours amid heightened trading activity.
Two dormant Bitcoin whales moved 165 BTC worth $9.1M after nearly 11 years. One transaction of 146 BTC had a $1.91 fee, and another of 19 BTC had a $0.87 fee. $BTC trades near $57,300.
Napoleon Osorio, a former taxi driver in El Salvador, launched Bit-Driver, a Bitcoin-accepting transportation service. His business now employs 21 drivers, highlighting Bitcoin’s potential to transform lives and spur economic growth.
Bernstein predicts Trump’s 2024 victory could push $BTC to $90K, while a Kamala Harris win might see it drop to $30K-$40K. Current price: $55,371. Key political developments will significantly impact Bitcoin’s future.
10x Research warns a 50 basis points Fed rate cut could negatively affect $BTC, signaling economic concerns. Experts suggest this might lead to Bitcoin price volatility. Investors should monitor Fed decisions closely as they may reshape risk strategies.
Bitcoin surges above $55,000, rebounding from a weekend dip. Crypto stocks $COIN and $MSTR gain over 3% and 4.5%, respectively. $NVDA rallies 2%. Upcoming US CPI data will be crucial for market trends. Market experts calm investor fears.
VanEck’s Matthew Sigel asserts the 2024 US election will not significantly affect $BTC’s rally. Sigel highlights market sentiment and investor confidence as key drivers, suggesting a Democratic win could boost Bitcoin as an inflation hedge.
Bloomberg analyst Eric Balchunas remains optimistic on Bitcoin ETFs despite a recent $1.2 billion outflow, noting it’s only 0.5% of total AUM. Bitcoin ETFs have net inflows of $16.8 billion YTD, indicating strong investor confidence.
Metaplanet plans to buy Bitcoin worth ¥299.7M through stock acquisition rights, adding to its prior $7M purchase and recent ¥500M crypto investment. Rising institutional demand, partly driven by SEC-approved Bitcoin ETFs, boosts confidence in BTC.
Binance promotes $EURI with zero fees via SEPA transfers until Oct 5, sparking a 412% surge in trading volume. This move may drive rallies in $BTC, $ETH, $XRP, and other altcoins, highlighting Binance’s market influence.
Merlin Chain’s L2 protocol hits over $1.2B TVL, processes 12.7M+ transactions, supports 200+ dApps, and launches 1.9M addresses. Introduces $210M MERL Ecosystem rewards. Advanced security measures enhance scalability and transparency, solidifying its role in Bitcoin’s L2 ecosystem.
U.S. spot Bitcoin ETFs see record $1.18B outflow over 8 days amid market downturn. Largest single-day outflow on Sep 6, 2024, at $169.97M. Despite this, BlackRock’s $IBIT remains resilient with over $20B in assets under management.
Arthur Hayes, co-founder of BitMEX, closed a $BTC short for a 3% profit. He predicts Bitcoin might rise next week if trends hold but sees potential declines until late September without US Treasury liquidity injections.
