Everything you need for the flagship crypto: from price movements and halving cycles to institutional adoption, on‑chain metrics and market strategy around Bitcoin. Follow how Bitcoin’s narrative evolves, why it matters to global finance, and what shifts could impact its future role as digital gold.
According to Hougan, there are three major factors that he believes could drive the growth.
Market sentiment remains positive, with Polymarket predicting a 64% chance of Bitcoin hitting $70,000 in October.
The surge in Bitcoin futures open interest has a direct connection with the growing level of high leverage in the market.
BlackRock has led other fund managers and institutional investors in purchasing more Bitcoin (BTC) units ahead of the anticipated parabolic rally.
Presently, Tesla is believed to hold around 11,509 BTC, spread across 68 wallet addresses.
Polymarket indicates a 78% chance of a Republican Senate, 56% odds of a Democrat House, and a 39% likelihood of a Republican sweep compared to 16% for the Democrats.
Neel Tushar Kashkari, President of the Minneapolis Fed, dismissed Bitcoin as a worthless asset despite its notable past performance.
The rate of Bitcoin purchases by institutional investors led by US spot BTC ETF issuers has significantly outpaced the sellers.
For Metaplanet, the purchases might not just be about increasing its Bitcoin reserves.
Bitcoin rallied over 3% to $66,000 as investors cheered Democratic candidate Kamala Harris’s proposal for clearer crypto regulations.
Bitcoin miners may see a profitability shrink this month following a related drawdown recorded in September.
The cryptocurrency market started the week strong, with Bitcoin surging by 3.73% and altcoins also experiencing gains as investor optimism builds ahead of key US macroeconomic events.
While MicroStrategy remains the indisputable largest corporate holder of Bitcoin, Japan-based Metaplanet is holding the Fort in Asia, and now Samara may be coming in pacily behind.
Following today’s rebound, Bitcoin price is now aiming to retest its all-time high next, around $72K, before entering its parabolic phase.
Traders betting against Bitcoin price were particularly hard hit, as the rapid ascent left little room for margin calls and forced liquidations.