BitMEX co-founder Arthur Hayes predicts $BTC will thrive from global quantitative easing, as increased money printing drives liquidity into cryptocurrencies. He advises against leverage, urging long-term holding, and warns of potential volatility risks.
Bitcoin ($BTC) projected to hit $70,000 by Oct 2024 and $1 million by 2025, driven by US election outcomes, ETF inflows, and potential legal tender status in countries like Bhutan, Argentina, and Dubai, says @100trillionUSD.
BlackRock increases its Bitcoin holdings by 529 BTC, now totaling 359,606 BTC valued at $22.82B. Institutional interest in Bitcoin ETFs grows as BTC climbs over 5% in a week, nearing $64,440 with potential resistance at $70K.
Bitcoin ($BTC) could surge in “Uptober” due to increased market liquidity from Fed rate cuts, rising institutional interest, and historical October trends. Anthony Pompliano notes Bitcoin’s sensitivity to global liquidity and institutional demand as key drivers.
Mt. Gox moves part of its $2.85B Bitcoin holdings, sparking repayment speculations. The exchange emptied four wallets after receiving $370K BTC from Kraken, with 44,899 BTC still held, indicating ongoing repayment efforts.
Chinese investors turn to $BTC amid economic challenges. Inflows to OTC crypto brokers hit $75.4B over nine months, despite the 2021 trading ban. The People’s Bank of China’s monetary stimulus could further boost Bitcoin’s appeal.
An unknown Bitcoin whale transferred 81 $BTC worth $5.18M after 11 years of dormancy, with a transaction fee of $1.24. The whale’s strategic timing at $63,500 per BTC could indicate market confidence or a planned sell-off.
Bitcoin’s ($BTC) profitable supply surpasses 365-day moving average, reaching 86.4%. CryptoQuant experts see increased investor optimism and reduced selling pressure. Federal Reserve interest rate cut boosts Bitcoin’s value to $64,000 on Sep 23, 2024.
US spot $BTC ETFs saw $4.56M inflow on Sep 23, while $ETH ETFs faced $80.55M outflow from Grayscale’s ETHE. Overall trading volumes dropped below $1B, indicating shifting investor sentiment and market volatility.
Bitcoin ($BTC) eyes $100K as China introduces monetary stimulus and Russia uses crypto for trade with China. Bitcoin consolidates near $64K, with a cup-and-handle pattern indicating potential bullish rally. Investors should watch these macroeconomic shifts closely.
Bitcoin ($BTC) and Ethereum ($ETH) show potential for significant price surges, with $BTC nearing an all-time high and $ETH possibly reaching $5,000. Market corrections expected, creating strategic entry points for investors. Monitoring key price levels is crucial.
Samson Mow, CEO of JAN3, urges Japan to buy 167,000 $BTC to diversify national reserves, comparing Bitcoin’s scarcity to gold. Regulatory challenges and potential BoJ rate hikes may affect the feasibility of this move.
BTC.com rebrands to CloverPool, unveiling a new logo and website for enhanced user experience. The rebranding includes platform upgrades and plans for service updates by late 2024, amidst historic lows in Bitcoin mining revenue impacting industry profitability.
Bitcoin ($BTC) surged 8.5% last week, trading at $64,000 with potential Q4 gains up to 171%. Historical data supports strong Q4 performance. MicroStrategy’s $450M BTC purchase and FTX’s $16B creditor return may boost liquidity and market confidence.
