Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
At the Bitcoin 2024 conference, Donald Trump pledged to make the U.S. a mining center if elected. Wyoming Senator Cynthia Lummis proposed buying 1M BTC to strengthen the dollar. MicroStrategy’s Michael Saylor predicted BTC could hit $13M by 2045.
Bitcoin (BTC) has surged past $70,000, with PlanB predicting $150,000 by the end of 2024. Spot Bitcoin ETFs see major inflows, and volatility is expected with upcoming US elections. Former President Trump suggests Bitcoin may outpace silver and gold in market cap.
Bitcoin (BTC) surged to $70,000 on July 27, driven by a 2.6% market increase and historical July trends. Year-to-date inflows exceed $19 billion, fueled by strategic reserve proposals. However, a 35,000-token exchange balance rise raises sell pressure concerns.
Bitcoin could hit $140,000 in 3-5 months, says Plan B, creator of the stock-to-flow model. This comes as BTC breaks $70,000. Miner revenue has bottomed post-April 2024 halving, leading to increased difficulty and higher S2F ratio. #Update
MicroStrategy (MSTR) stock rose 3% to $1,828 as Bitcoin (BTC) neared $70,000. MSTR has surged 177% this year, outperforming major ETFs. Earnings on August 1 may show $121M revenue. A 10-1 stock split on August 8 aims to attract retail investors.
Kyiv police arrested four men for abducting and murdering a 29-year-old foreigner over nearly 3 Bitcoin. The suspects attacked the victim, coerced him to transfer his crypto, and then strangled him. They later buried the body and converted the stolen Bitcoin into cash.
A Bitcoin holder moved 37 BTC worth $2.5M after 11 years, coinciding with surging prices and spot Bitcoin ETF approvals. This transfer highlights dormant whales resurfacing for profits amidst increased global adoption and upcoming U.S. elections. #Bitcoin #Update
The Ethereum Foundation transferred $9.16M in TKO tokens to Bitcoin Suisse, totaling 3.484M tokens. This follows Taiko’s mainnet launch, which Vitalik Buterin praised for its potential impact on the Ethereum ecosystem. TAIKO tokens now trade at $2.57, with a $162.3M market cap.
Heather Morgan, aka Razzlekhan, was seen at the Bitcoin 2024 conference in Nashville, despite pleading guilty to the 2016 Bitfinex hack. Morgan’s presence at multiple Bitcoin events raises questions about her freedom before sentencing. #CryptoNews
Bitcoin Cash (BCH) surged 13% to $451, reaching a market cap of $8.75B. The rally, driven by Kraken’s distribution to Mt. Gox victims, highlights growing interest in affordable Bitcoin alternatives. BCH remains 88.3% below its all-time high. Global crypto market cap is $2.48T.
Bitcoin critic Peter Schiff argues that using BTC to repay the US National Debt is misguided and inflationary. He also challenges the “never sell your Bitcoin” mantra, claiming it traps investors in poverty. Schiff warns against Senator Lummis’ $70 billion Bitcoin proposal, citing financial instability risks.
Bitcoin is up nearly 15% this month, nearing $70,000. Investors anticipate a 25 bps Fed rate cut in September. Solana’s SOL surges to $192. Stay tuned for updates on macro factors and market movements. #CryptoNews
Hong Kong politician Johnny Ng proposes a national Bitcoin reserve, inspired by Trump’s Bitcoin 2024 speech. Ng urges lawmakers to boost web3 industry development, positioning Hong Kong as a hub for technological innovation and financial resilience. #Bitcoin #Update
Bitcoin surged 20% to $69,404, its highest since June, amid positive social media sentiment. BlackRock’s Bitcoin ETF nears $20B in assets, while U.S. Senator Lummis proposes a national Bitcoin reserve, boosting market optimism. This rally follows cooler inflation data and potential Fed interest rate cuts.
