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Bitcoin may retest $69K next as shorts keep BTC price below all-time high
[Jun 7, 2024 1:30 AM] Bitcoin sees surprise selling into the latest daily close, giving rise to predictions of a support retest before new BTC price all-time highs.
Bitcoin Bets Hit Peak of $37B as ETF Inflows Set New Record
[Jun 7, 2024 12:40 AM] The long-short ratio is starting to tilt in favor of bulls since Wednesday, data indicates, as some traders expect bitcoin to set fresh all-time highs in the coming weeks.
Uzbekistan’s Islamic Authority Retracts Fatwa Against Cryptocurrency, Issues Apology
[Jun 6, 2024 10:22 PM] Uzbekistan’s highest Islamic authority has retracted a fatwa it issued on June 3 that deemed trading with cryptocurrencies impermissible. This declaration, which stated that cryptocurrency trading violated Sharia law, was mistakenly released…
Bitcoin Dips Again: Temporary Setback or Buying Opportunity?
[Jun 6, 2024 8:58 PM] Bitcoin price started a downside correction from the $71,650 resistance zone. BTC is now consolidating and might correct toward the $69,500 support. Bitcoin struggled above $71,500 and started a downside correction. The price is trading above…
‘Stand With Crypto’ Advocacy Alliance Surpasses 1 Million Supporters
Binance Confirms Mastercard and Visa Support for Crypto Purchases but No Binance Credit Card Issued
[Jun 6, 2024 6:20 PM] Cryptocurrency exchange Binance posted on social media platform X Thursday that users can purchase cryptocurrency using Mastercard, Visa, or SEPA for bank transfers. The announcement led to confusion among some users regarding the reintroduction of…
Robert Kiyosaki Says His Prediction of Bitcoin Hitting $350K in August ‘Is Not a Lie’ — Also Bullish on Ethereum and Solana
SEC Chair Gensler: Spot Ether ETFs ‘Will Take Some Time’ to Begin Trading
Medical Device Maker Semler Scientific Buys $17 Million More Bitcoin and Is Raising Money to Purchase More
[Jun 6, 2024 4:25 PM] The firm currently holds 247 bitcoins and plans to expand its crypto treasury
Bitcoin Price Surge To $71,000 Sends All Long-Term Holders Into Profit, What About Short-Term Holders?
[Jun 6, 2024 3:00 PM] Bitcoin long-term holders are back in profit following the flagship crypto’s recent price surge. However, the same can’t be said for most short-term holders yet, given the levels at which they purchased their Bitcoin holdings. Only 0.03% Of…
Bitcoin Falls Back After Attempt at $72K, but Fed, U.S. Data and Global Rate Cuts May Bring New All-Time Highs
[Jun 6, 2024 2:43 PM] Upcoming consumer price index and labor market data releases in the next few days could be key for what's next for bitcoin's price.
Court Strikes Down SEC’s Private Fund Regulation, Citing Overreach
[Jun 6, 2024 2:35 PM] The U.S. Securities and Exchange Commission (SEC) has lost another court case. On June 5, the 5th U.S. Circuit Court of Appeals overturned the SEC’s Private Fund Adviser rule, which was designed to enhance transparency within the nearly $27…
Bitcoin Approaching All-Time Highs: Why Is Retail Interest Rapidly Declining?
[Jun 6, 2024 1:00 PM] Bitcoin is in an uptrend and will likely breach the all-important liquidation line at $72,000. At the spot rate, the coin is up approximately 25% from May lows and may rally, even breaking all-time highs of $73,800. Retail Interest In Bitcoin…
Investor Confidence Soars With $488M Inflows Into US Bitcoin ETFs
[Jun 6, 2024 10:13 AM] On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows amounting to $488.1 million, with Fidelity’s FBTC leading the way. These inflows marked the 17th consecutive day of contributions from the 11 publicly traded funds…
Crypto for Advisors: Layer 2s and the Evolution of Bitcoin
[Jun 6, 2024 10:00 AM] The Bitcoin community has developed various layer-2 blockchains that enhance the network's efficiency and functionality without altering its core software.
Decentralized Exchange SushiSwap Goes Live on Bitcoin Sidechain Rootstock
[Jun 6, 2024 9:00 AM] Rootstock's goal is to combine the security of the Bitcoin network with the smart contract capabilities of Ethereum.
Bitcoin to Hit $150,000 if Trump Wins Presidency, Predicts Standard Chartered
[Jun 6, 2024 8:40 AM] In a bold forecast, Standard Chartered's head of digital assets research, Geoff Kendrick, has predicted that Bitcoin could surge to $150,000 if Donald Trump wins the upcoming U.S. presidential election. "As we approach the U.S. election, I expect…
Turkey Rules out Taxes on Crypto Profits, Considers Limited Transaction Tax
[Jun 6, 2024 8:28 AM] Turkish Treasury and Finance Minister Mehmet Simsek has stated that there are no current plans to impose taxes on profits from cryptocurrencies. However, he mentioned that the government is considering implementing a “very limited”…
BTC price needs to hold $70K next as Bitcoin weathers ECB rate cut
[Jun 6, 2024 8:01 AM] Bitcoin could be preparing an attack on liquidity at the $72,000 BTC price resistance line as the European Central Bank enacts its first interest rate cut in four years.
Robinhood To Buy Bitcoin and Crypto Exchange Bitstamp For $200M
[Jun 6, 2024 6:59 AM] Robinhood has agreed to acquire leading Bitcoin and crypto exchange Bitstamp for $200 million in cash, marking a major expansion of its Bitcoin and crypto business. The deal is expected to close in the first half of 2025.BREAKING: ROBINHOOD BUYS…
Beyond BTC: Crypto Miners Get Brainy, Embrace AI After Block Reward Whacking
[Jun 6, 2024 6:40 AM] The winds of change are blowing through the crypto mining industry. The highly anticipated halving event in April 2024, which sliced block rewards in half, has sent shockwaves through the ecosystem. Daily revenue for miners has plummeted by over…
First Mover Americas: Bitcoin Fluctuates Around $71K, Consolidating This Week's Rally
[Jun 6, 2024 6:37 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for June 6, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Crypto Analyst Predicts XRP At $0.75 In July Despite Year-Long Slump
[Jun 6, 2024 6:30 AM] In a stark contrast to the performance of the broader crypto market, XRP continues to face significant challenges, according to statements from pro-XRP lawyer Bill Morgan. Despite a discouraging decline in the value of the crypto asset relative to…
Why Joe Biden Hates Bitcoin
[Jun 6, 2024 6:30 AM] Over the last four years, President Joe Biden has demonstrated a clear reluctance to support the Bitcoin and cryptocurrency industry, as recently evidenced by his veto of significant legislation and the broader stance of his administration. On May…
Bitcoin Could Hit $150K by 2024-End on Hopes of Donald Trump Being Re-Elected: Standard Chartered
[Jun 6, 2024 5:37 AM] Favorable payroll data could open the way to $80,000 per bitcoin by end-June, Standard Chartered’s Geoffrey Kendrick said in a Thursday note.
Altcoins: Analyzing Key Signs For A Potential Boom – Or Bust
[Jun 6, 2024 3:39 AM] Altcoins are generating significant buzz among cryptocurrency watchers, as rumors of a potential Bitcoin breakout circulate. After weeks of sluggish trading, a recent surge of capital has revitalized the king of coins. This raises a pressing…
Bitcoin bull run’s ‘most important chart’ hits new $94T all-time high
[Jun 6, 2024 2:05 AM] BTC price discovery is all but a given now that global liquidity is breaking into undiscovered territory, Bitcoin analysis suggests.
Is The Bitcoin Price Manipulated? Experts Explain ‘Small’ Impact Of ETF Inflows
[Jun 6, 2024 1:45 AM] The US spot Bitcoin Exchange-Traded Funds (ETFs) have been witnessing a historic run of inflows, marking 17 consecutive days of net additions. On a particularly notable Tuesday, these ETFs observed inflows totaling a staggering $886.6 million…
Bitcoin Price Gradually Climbs: Steady Ascent Points to Bullish Momentum
[Jun 5, 2024 9:10 PM] Bitcoin price started a decent increase above the $70,500 resistance. BTC is showing positive signs and might gain bullish momentum above the $72,000 resistance in the near term. Bitcoin extended its increase above the $70,000 and $70,500…