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Bitcoin surged past $80,000 on Monday morning, marking its highest price level since Jan. 31 as Asian equity markets climbed to new records, signaling renewed investor confidence in risk assets. The leading cryptocurrency breached the $80,000 threshold at around 2:40 am UTC, rising 2.7% over a three-hour span as Asian trading sessions opened. Bitcoin’s rally…
Bitcoin may not require a new catalyst or narrative to push back above the psychological $100,000 level, according to MN Trading Capital founder Michael van de Poppe, who argues that price action itself creates its own story rather than the other way around. Van de Poppe challenged the conventional wisdom that Bitcoin needs a compelling…
Bitcoin could be facing a multimonth price decline following an April rally driven primarily by futures traders while spot demand contracted, according to crypto analytics firm CryptoQuant. The firm warned that this pattern has historically preceded sustained price drops. Bitcoin gained approximately 20% in April, climbing from $66,000 to peak at $79,000 in a rally…
A proposed Bitcoin fork called eCash, scheduled for August at block height 964,000, has ignited controversy over whether reallocating Satoshi Nakamoto’s dormant coins on a forked chain violates Bitcoin’s core principle of inviolable property rights. The plan would copy Bitcoin’s ledger and give existing BTC holders equivalent balances on the new network, but would redirect…
Large Bitcoin traders on Hyperliquid have shifted to their most aggressively long positioning since early March, coinciding with BTC’s climb toward $80,000 despite 47 consecutive days of negative funding rates that leave short sellers paying long holders to maintain their positions. Glassnode data shows that whale traders—those typically running positions above $10 million—flipped from net…
Bitcoin enters the final week of April 2024 trading around $77,997, up 3.21% over the past seven days as the cryptocurrency continues its gradual ascent toward the $80,000 psychological barrier. The market currently reflects a tension between short-term consolidation patterns and improving on-chain fundamentals, with strengthening ETF inflows providing crucial support for sustained price action….
Bitcoin climbed above $78,000 Wednesday morning, marking its highest level in 11 weeks, after President Trump announced an indefinite extension of the Iran ceasefire. The geopolitical de-escalation sparked a broad rally across crypto markets, with major assets posting solid gains and on-chain metrics flashing constructive signals for the first time in months. Trump said the…
A couple in France lost nearly $1 million in Bitcoin after attackers impersonating police officers staged a violent home invasion and physically coerced them into transferring cryptocurrency, highlighting the growing threat of physical crypto theft. Three individuals disguised as police officers gained entry to a residence in Le Chesnay-Rocquencourt, a town near Paris, where they…
Strategy co-founder Michael Saylor has teased another substantial Bitcoin purchase just one week after the company disclosed acquiring approximately $1 billion worth of the cryptocurrency. Saylor posted “Think Even ₿igger” on X on Sunday, accompanied by a chart displaying Strategy’s Bitcoin purchase history. The executive has historically used similar social media posts to hint at…
Bitcoin has decisively broken above $77,000 for the first time since its sharp selloff in early February, marking a significant technical milestone that has positive implications for MicroStrategy (MSTR), the largest publicly traded holder of bitcoin. The cryptocurrency’s rally has pushed the business intelligence firm’s bitcoin holdings back into profitability, a notable shift for the…
A group of Bitcoin developers has introduced a controversial proposal to address the growing threat of quantum computing to the network’s security. Casa CTO Jameson Lopp and five co-authors posted BIP-361 to Bitcoin’s GitHub this week, outlining a three-phase plan to migrate coins away from quantum-vulnerable addresses or have them frozen by the network itself….
Bitcoin recovered from its weekend decline on Monday morning as reports emerged that Iran was considering concessions on its nuclear program to end ongoing military tensions. The cryptocurrency climbed to $72,100 during U.S. trading hours after falling to $70,500 on Sunday, marking a modest recovery from fears that gripped markets over the weekend. The sell-off…
Jurrien Timmer, director of global macro at Fidelity Investments, believes markets are pricing in a near-term resolution to current geopolitical tensions, particularly around Iran, despite ongoing volatility and headlines that seem to intensify week after week. Speaking to CoinDesk, Timmer characterized the current market environment as “another wild ride,” yet maintained a relatively constructive outlook….
Bitcoin trades near $71,662 as it navigates a key consolidation phase just below its all-time high, following a substantial 7.12% weekly gain. The market currently sits at an inflection point where profit-taking pressure battles against sustained institutional accumulation, with spot Bitcoin ETFs officially surpassing gold ETF inflows for 2024. This week’s focus shifts to CPI…