Former President Donald Trump recently proposed using Bitcoin or a “crypto check” to pay off the United States government’s staggering $35 trillion national debt and avert a looming debt crisis In an interview with Maria Bartiromo of Fox News, the GOP’s 2024 presidential candidate praised the crypto industry and re-iterated his stance that if America […]
Cryptocurrency
Bitcoin traders risk-off as BTC price falls to $62K — Is a generational bottom approaching?
Bitcoin dropped by $2,300 one hour after the Wall Street opening on Aug. 2, reaching $62,368 on Coinbase. Bitcoin price has seen little change, rising 1% over the last 24 hours to trade at $63,252. BTC/USD hourly chart. Source: TradingView This sell-off has seen the price lose key support levels: the 50-day exponential moving average (EMA) at $64,300 […]
Bitcoin falls below the $63,000 mark: What is causing this new decline?
The crypto market has recently faced increased volatility, particularly due to decisions made by the United States Federal Reserve (Fed). The price of bitcoin (BTC) hit a two-week low, despite speculation about a potential interest rate cut. Bitcoin’s Mixed Reaction to Fed Announcements The latest session of the Federal Reserve resulted in no changes to […]
$95K or $120K? Bitcoin traders diverge on next BTC price top
Traders and market analysts are divided over Bitcoin’s next potential macro top, which could reach $120,000 according to more bullish estimates. Can Bitcoin get a weekly close above the $71,500 mark? Can Bitcoin’s price top surpass $120k? Bitcoin’s price could be on track to the next leg up in the bull cycle, which could see […]
MicroStrategy’s Q2 earnings reveals Bitcoin stockpile now $14.7B
Business intelligence firm MicroStrategy purchased an additional 12,222 Bitcoin for $805 million in the second quarter of 2024, bringing its total Bitcoin holdings to 226,500 BTC worth around $14.7 billion at current prices. In its Q2 earnings call, MicroStrategy posted significant losses of $5.74 per share on a quarterly revenue of $111.4 million, a 7% decline year-over-year. […]
Trump’s Bitcoin sneakers are already on eBay for $2,500
Listings for pairs of Donald Trump’s limited-edition orange Bitcoin-themed sneakers have already made their way onto eBay, with scalpers hoping to sell their spot in the pre-order queue for as much as $2,500. At the time of writing, there are 12 listings on eBay for the ‘Bitcoin orange’ colored high-tops. Prices start as low as […]
Bitcoin slips below $65K as Fed holds rates, hints at September cut
Bitcoin has fallen below $65,000 following a decision from the United States Federal Reserve to keep interest rates unchanged, along with reports of escalating conflicts in the Middle East. On July 31, Bitcoin dipped to $64,549, the first time it has fallen below $65,000 since July 25, according to CoinMarketCap data. It briefly spiked to […]
Grayscale Unveils Bitcoin Mini Trust ETF
Grayscale Investments’ Bitcoin Mini Trust began trading Wednesday with an expense ratio of 0.15%, offering a lower-cost option for bitcoin exposure in the market. The Mini Trust, which has the ticker BTC and is trading on the NYSE Arca, is structured as a spin-off of the Grayscale Bitcoin Trust (GBTC). New shares will be distributed […]
U.S. Strategic Bitcoin Reserve to Be Funded Partly by Revaluing Fed’s Gold, Draft Bill Shows
U.S. Senator Cynthia Lummis’s plan for a new Strategic Bitcoin Reserve would finance purchases of the cryptocurrency partly by revaluing gold certificates held by the Federal Reserve System, according to a draft of the legislation obtained by CoinDesk. Lummis, a Wyoming Republican who is known for her Bitcoin-friendly policy stance, announced her intention to propose […]
Mt. Gox just moved $3B in Bitcoin — Here’s why the price barely blipped
Bitcoin traders may have finally grown tired of Mt. Gox Bitcoin “FUD,” with markets barely reacting to a new $3 billion transfer from a Mt. Gox-affiliated wallet. On July 30, Mt. Gox moved around 47,229 Bitcoin to three “unknown wallets” over a three-hour period, according to Lookonchain. Over the period, Bitcoin stayed above $66,000 but briefly […]