According to Scaramucci, Bitcoin’s level of adoption must increase considerably before it is considered a store of value and inflation hedge.
Bitcoin price has struggled to rally beyond $72K despite its dominance against altcoins rallying further against all odds.
Bitcoin Depot’s decision to keep BTC exposure minimal aligns with its broader vision for expansion and market dominance.
Franlin Templeton Digital Assets noted that the launch of the Runes protocol will come with several improvements while eliminating any junk UTXOs.
Bitcoin price surged to $67,000 during Asian trading hours, following the approval of spot Bitcoin ETFs in Hong Kong. However, this euphoria was short-lived as rising US Treasury yields impacted market sentiment, pushing BTC back to $62,500.
According to Crypto.com CEO, Bitcoin halving would be a buy-the-rumour, sell-the-news event. In the short term, it could lead to price volatility but would be overall positive in the long term.
During the last week, the nine Bitcoin ETFs saw their lowest weekly inflows at $572 million while GBTC alone registered $767 million in outflows making the net flows negative.
The wallet owner transferred the holdings to the crypto exchange Coinbase.
Lugano’s crypto ambitions are comparable to the Central American country El Salvador.
On Monday, the Bitcoin Fear and Greed Index went up from 72 to 74, moving into the Extreme Greed zone. This could mean a drop, but BTC spot ETF market flow data will be very important for figuring out short-term trends.
Recent reports suggest that BTC miners could face losses to the tune of $10 billion after Bitcoin halving 2024 as mining rewards drop and mining costs increase.
21,000 Bitcoin options are set to expire having a notional value of $1.5 billion and a put call ratio of 0.62. The max pain point for the expiry currently stands at $69,000.
The developer of Mempool Mononaut has expressed concerns about various BTC L2 solutions.
The FBI used a subpoena to obtain details of developers at the Bitcoin CoreDev meeting of 2022, to investigate $3.6 million in stolen BTC.
Kiyosaki, a long-time supporter of BTC, has endorsed Wood’s forecast, expressing his trust in her insights and intelligence.