Bitcoin Briefly Rallies Ends with 1.3% Gain
Traders expect the Federal Reserve to cut interest rates by 25 basis points at its September meeting. #Update #Finance
Bitcoin
Bitcoin ETF Acquires $23.5M in Shares
Cathie Wood’s @ARKInvest invested over $23.5M in BitMine Immersion Technologies and Bullish across its ETFs, while trimming stakes in other firms. BitMine holds 1.87M ETH valued at $8B. #Update #Crypto $ETH
Bitcoin Cycle Peak Extends to 2026
Bitcoin dips 10% post-ATH; Bitcoin Decay Channel suggests $BTC could peak at $205K-$292K by 2026, with current trading at $110,900. #Update #Crypto $BTC
Bitcoin Difficulty Surges as Hashrate Dips
Bitcoin mining difficulty surged 4.89% to a record 136.04 trillion, tightening pressures amid softer bitcoin prices. #Update #Crypto $BTC
Bitcoin Gold Ties Strengthen with El Salvador
Tether is investing billions in gold, boosting its stake in Elemental Altus Royalties, while El Salvador buys 14,000 ounces of gold for $50M. #Update #Crypto $USDT
Bitcoin Battles JPEG Spam Crisis
Adam Back critiques “JPEG spam” on Bitcoin, noting 20% increase in JPEG inscriptions to 105M since May, raising fees to 7,000 BTC ($777M). He warns of reputational harm and higher costs for users. #Update #Crypto $BTC
Bitcoin Ethereum Surge Why Not Dogecoin
Dogecoin remains 70% below its 2021 peak despite other cryptocurrencies like $BTC and $ETH reaching new highs, due to lack of utility and structural demand. #Update #Crypto $DOGE
Bitcoin Holds $110K Amid $113K Rejection
Aaryn Ling of @BTCCExchange highlights a shift in crypto-sports partnerships, focusing on reputation and research over impulsive endorsements. #Update #Crypto #Sports
Bitcoin ETFs Launch Transforming Crypto Market
Bloomberg’s James Seyffart suggests the altcoin season differs due to institutional adoption and Digital Asset Treasuries, impacting $BTC and $ETH. #Update #Crypto $BTC
Bitcoin Breaks Out Amid Weak US Jobs Data
Bitcoin briefly surged to $113,000 following weaker US payroll data, with $2 billion in stablecoin inflows and open interest at record highs; a weekly close above $112,500 is needed for confirmation. #Update #Crypto $BTC
Bitcoin Bull Run Nears 95 Percent Peak
Bitcoin ($BTC) reaches a new weekly high above $112,000, nearing cycle peak with 95% completion. Analyst warns of potential 70-80% decline post-peak. #Update #Crypto $BTC
Bitcoin Fund Launches $1B Asia Support
Sora Ventures plans to raise $1 billion for Bitcoin treasuries in Asia, starting with $200 million from partners and targeting an additional $800 million over six months. #Update #Crypto $BTC
Ripple Targets Africa with RLUSD Stablecoin
Ripple launches its USD-backed stablecoin RLUSD in African markets via partnerships with Chipper Cash, VALR, and Yellow Card, aiming to enhance cross-border transactions. #Update #Crypto
Bitcoin Wallets Revolutionized by Coinbase Vibe
Coinbase CEO Brian Armstrong reveals over 40% of daily code is AI-generated, targeting 50% by October. Skeptics question security implications. #Update #Tech