Bitcoin breaks $60,000, predicted to hit $90,000 by year-end. TEPCO explores solar-powered mining. MicroStrategy acquires 18,300 BTC. SEC fines on crypto firms surge 3000% since 2023. Coinbase’s cbBTC boosts Bitcoin liquidity and usability.
Bitcoin miners sold 30,000 BTC in 72 hours, yet $BTC price remained stable, thanks to $BLK Bitcoin ETFs, says Bloomberg analyst Eric Balchunas. Speculations on Coinbase IOUs to BlackRock were denied by CEO Brian Armstrong, ensuring transparency.
Bitcoin ETFs see $400M inflows this week, reversing last week’s outflows. $FBTC led with $102M, followed by positive numbers from @ArkInvest. $BTC price holds at $59,819, with potential for a breakout above $60K soon.
Recent analysis shows a significant reduction in Bitcoin’s market depth, indicating a potential price floor and upcoming bullish trend. Despite a 4.3% rebound in $BTC price, negative funding rates still favor short positions. Traders should watch closely.
Bitcoin whale wallets reactivated as $BTC surpassed $60K, transferring 203 BTC to Binance, netting $6.89M. Another trader moved 205 BTC, making $2.36M. A whale purchased 1,062 BTC worth $63.96M, boosting optimism for future price action.
Bitcoin ($BTC) peaks at $60,610 with an 11% weekly gain and a 57.8% market dominance. Nearly $130M in short positions liquidated. Dogecoin ($DOGE) and Toncoin ($TON) also see gains amid rising investor confidence and market optimism.
Bitcoin ($BTC) surpasses $60K, driven by favorable U.S. economic data, persistent inflation, and increased institutional interest. Notably, MicroStrategy’s $1.11B purchase of 18,300 BTC and rebounding spot Bitcoin ETF inflows boost market sentiment.
Gold hits a record $2,586, raising economic concerns. Peter Schiff predicts higher inflation and recession, citing gold as a safe haven. Bitcoin advocates see $BTC as an alternative hedge amid potential interest rate cuts and fiscal stimulus.
MicroStrategy ($MSTR) acquires 18,300 BTC for $1.11B, raising its total holdings to 244,800 BTC valued at $9.45B. With an average acquisition cost of $38,585 per BTC, the firm continues to show strong belief in Bitcoin’s future value.
Bitcoin forecast: $BTC could see price boosts from US Fed rate cuts and historical Q4 trends. A post-election rally and a potential 2025 peak at $100,000 are expected. Investors should remain cautious of US economic conditions.
Bitcoin ETFs in the US attracted $39.02M on Sep 12, 2024, led by ARKB with an $18.34M inflow. Ethereum ETFs saw a $20.14M outflow, with Grayscale GBTC losing $6.51M, reflecting shifting investor strategies.
Coinbase launches $cbBTC, a wrapped Bitcoin token backed 1:1 by BTC on Base and Ethereum. Supported by DeFi platforms like @Aerodrome, @CurveFinance, @AaveAave, and Maple, cbBTC aims to enhance Bitcoin’s interaction with DeFi applications.
eToro settles with @SECGov, paying $1.5M for unregistered trading services. U.S. users limited to trading $BTC, $ETH, and $BCH. Investors have 180 days to sell other crypto assets. This sets a compliance precedent for crypto firms.
Bitcoin whales awaken! Two dormant addresses transfer 293 BTC after 11 years, sparking market interest. One whale moved 185 BTC with a $5.92 fee, another 108 BTC for $0.55. Recent whale activity suggests potential market shifts. $BTC
