Trump’s recent engagement with Bitcoin and digital assets is part of a broader strategy to appeal to new voter demographics.
While prices might drop to $60,000, some analysts are optimistic. They believe large traders’ “spot absorption” and swift sell order removals at $72,000 indicate strategic market manipulation by whales, preventing further decline.
The data revealed that Bitcoin’s transaction velocity today mirrors that of 2011. Despite several spikes in transaction activity over the years, the current levels suggest a long-term trend of stagnation.
Aside from the potential to turn HODLers into millionaires, the renowned author perceives BTC as a hedge against inflation and the economic crisis in the United States.
Metaplanet might be taking a cue from the playbook of MicroStrategy, the current leader in corporate Bitcoin ownership.
QCP Capital highlights the possibility of the US Federal Reserve being pressured to follow suit with other Central banks.
Heightened demand for Bitcoin (BTC) from institutional investors, as shown by exchanges’ balance and spot BTC ETF inflows, will trigger a crypto super cycle.
Bitcoin grabbed the lion’s share of total inflows last week with Ethereum experiencing its best week of inflows since March, reaching $69 million.
The Bitcoin (BTC) price chart is forming an inverse head and shoulder pattern and a breakout above $72,000 could push it rallying all the way to $83,000.
Semler’s affair with Bitcoin does not extend to other crypto assets.
The SEAL04 chip is planned for release in Q2 of 2025. This chip aims to achieve a breakthrough energy efficiency of 5J/TH.
Leung stated that their objective is to balance catering to investor demand with implementing robust safeguards to mitigate risk.
On the higher side of the predictions, Robert Kiyosaki, the author of Rich Dad Poor Dad who is known for his bullish stance on cryptocurrencies, sees BTC reaching $350,000 by August 25.
Open interest reflects the total number of unsettled derivative contracts and is a key factor in financial markets, especially in futures and options trading.
In February this year, Kiyosaki predicted Bitcoin would reach around $100,000 by June. However, the crypto asset is still far from reaching the $100,000 mark, with its current price hovering around $71,000.