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.
A major push for Bitcoin in TradFi came from the approval of spot Bitcoin ETFs by the US SEC in January.
Last year in 2023, the Bitcoin ATM scams resulted in more than $110 million in losses with a majority of the victims particularly from the age group of 60 and more.
Further signs of market caution are evident in the decline in open interest for Bitcoin futures on the CME Group platform, which has dropped to its lowest level since May.
A more aggressive Fed rate cut could signal a more assertive monetary policy stance, potentially leading to a pronounced market response.
Bitcoin price is not yet out of the woods as investors speculate on midterm economic uncertainties in the United States.
The crypto industry is expected to register heightened volatility in the coming weeks amid high-impact news, especially in the United States.
SBI admits that this collaboration presents an opportunity for it to forge ahead with its corporate Bitcoin savings strategy.
Blockstream CEO Adam Back also acknowledged the surge in whale activity. He pointed out that it happened when Bitcoin price dipped from over $62,000 to around $58,000.
The US spot Bitcoin ETF issuers have registered four consecutive days of notable cash outflow leading to a bearish outlook for the entire altcoin industry.
The decreasing supply of Bitcoin on exchanges comes as analysts forecast a potential rally in the fourth quarter of 2024.
The expiring options could lead to increased market activity and heightened volatility due to the large volume of contracts.
IREN aims to achieve a hashrate of 20 EH/s by September 2024 and 30 EH/s by year-end, driven by the acquisition of advanced Bitmain S21 XP miners.
Although the long-term prospects for Bitcoin seem bright, its positive correlation with the altcoin industry suggests a rising confidence in the altcoin sector.
With the election outcome becoming less predictable, investors are increasingly looking beyond the political realm to other factors that impact Bitcoin price.
Vortex Brands plans to buy 10 MicroStrategy (MSTR) shares monthly, reporting quarterly to capitalize on MicroStrategy’s Bitcoin investment strategy.