Cryptocurrency

Several days of mostly quiet price action came to a fast end during U.S. trading hours Thursday afternoon, with cryptocurrencies suddenly plunging and sending bitcoin (BTC) to its weakest level since just after the early August market panic. At press time, bitcoin was changing hands at $57,700, down nearly 3% from its price just about […]

Coinbase, the world’s second-largest cryptocurrency exchange, could significantly boost the adoption of Bitcoin-native decentralized finance (DeFi). The exchange has recently teased the development of a new Wrapped Bitcoin (BTC), called Coinbase BTC (cbBTC), creating widespread excitement among crypto investors. cbBTC announcement. Source: Coinbase The new token could significantly bolster the adoption of Bitcoin-native DeFi, according to […]

Bitcoin rebounded past $58,000 on Aug. 16 after a “sweeping masterclass” cost both bulls and bears. BTC/USD 1-hour chart. Source: TradingView BTC price targets retain trip below $50,000 Data from Cointelegraph Markets Pro and TradingView confirmed a 4.4% Bitcoin price recovery from lows of $56,150 the day prior. Coming on the back of the latest United States unemployment data, […]

Bitmex co-founder Arthur Hayes predicts bitcoin will reach $100K by late 2024 and could hit $1 million by 2025. He attributes this to U.S. Treasury liquidity injections and anticipates a “glorious” crypto bull market in 2025. Hayes has outlined various factors driving explosive growth in bitcoin and broader financial markets. Arthur Hayes Predicts Bitcoin Surge […]

Bitcoin’s trajectory has been a hot topic of debate, with experts offering varied opinions on its future price. As the year progresses, the focus has shifted back to year-end price calls and whether bitcoin will ever break the $100,000 mark. Roundtable anchor Rob Nelson discussed this with Chris Sullivan, Co-Founder and Portfolio Manager at Hyperion […]

A key Bitcoin bull signal flashed for the first time in nearly a year, signaling a potential price breakout. The global liquidity model’s bullish Bitcoin signal was shared by Jamie Coutts, a chief crypto analyst at Real Vision. Coutts expects Bitcoin to go “much higher,” based on this signal, he wrote in an Aug. 15 […]

Goldman Sachs (GS) holds positions in a variety of bitcoin (BTC) exchange-traded funds (ETFs), according to a 13F filing. The investment bank in its quarterly 13-F report disclosed that it holds positions in seven out of the 11 BTC ETFs in the U.S. Its largest holding is the iShares Bitcoin Trust (IBIT) at $238.6 million, followed by Fidelity’s […]

Ten thousand bitcoin, worth nearly $600 million, has been transferred to a Coinbase Prime wallet, according to Arkham Intelligence data. A wallet that “received 10,000 from a known U.S. government wallet 2 weeks ago … has just been sent on to … a Coinbase Prime deposit wallet,” Arkham said in a post to X. Roughly two weeks ago, a […]

The United States Federal Reserve may not be cutting interest rates to the degree that market participants appear to be anticipating, according to a portfolio manager. Yet, the broader crypto industry remains hopeful of the looming rate cut in September. “The market pricing in 100 basis points of cuts by the end of the year […]

Bitdeer Technologies Group reported a roughly 50% year-over-year increase in gross profits in the second quarter of 2024, largely as a result of nearly doubling its in-house Bitcoin mining capacity, according to the company’s Aug. 12 earnings report. Gross profit for the second quarter of 2024 increased to $24.4 million from $16.2 million one year prior, according […]