Bitcoin experienced volatility, dropping to US$114,461 before recovering to US$115,626, with analysts watching the crucial US$110k–US$116k support range. The US Federal Reserve is expected to announce its first interest rate cut of the year on Wednesday, with only the size of the reduction remaining uncertain. The US Senate confirmed crypto-friendlyContinue Reading
Strategy, formerly MicroStrategy, has purchased an additional 525 BTC for $60 million, at an average price of $114,562. The company, led by chairman and co-founder Michael Saylor, has an aggressive Bitcoin acquisition strategy that began in August 2020 and has made it the largest public company holder of the asset,Continue Reading
Bitcoin investors should focus on long-term growth rather than expecting immediate wealth or overnight gains. Despite recent underperformance versus gold and the S&P 500, Bitcoin remains the top-performing asset against currency debasement. Long-term holders are “laughing” at short-term volatility, with historical returns averaging 82.4% annually over the past decade. BitMEXContinue Reading
US Bitcoin ETFs recorded US$2.2 billion in net inflows last week after strong performance from Fidelity and BlackRock, reversing previous negative flows. The combined US funds now hold 1.31 million BTC worth US$152.7 billion, representing 6.24% of total Bitcoin supply and highlighting ETFs’ growing importance. Ethereum ETFs attracted US$734.3 millionContinue Reading
According to a Bloomberg report, BlackRock is exploring plans to tokenise its exchange-traded funds (ETFs) on blockchain networks, a move that would allow them to trade 24/7 and be used as collateral in decentralised finance (DeFi). The firm, which already operates the world’s largest tokenised money market fund, BUIDL, isContinue Reading
Major cryptocurrencies gained strongly over the past week, with Bitcoin up 3%, Ethereum 4%, XRP 8% and Solana surging 14% amid growing institutional adoption. US Bitcoin ETFs attracted US$1.3 billion in net inflows this week after previous outflows, with BlackRock’s fund now holding 3.59% of all Bitcoin supply. The FederalContinue Reading
Pav Hundal, the Lead Market Analyst at Aussie crypto exchange Swyftx, has labeled a prediction from Bitwise that Bitcoin could crack AU$2 million by 2035 as “pretty conservative”. The prediction from Bitwise would require Bitcoin to have an average annual compound growth rate of 28.3% over the next 10 years;Continue Reading
US Representative David P. Joyce has introduced a bill requiring the Treasury Department to study the feasibility of a federal Strategic Bitcoin Reserve and a broader digital asset stockpile. The legislation, which must be approved by the full House and Senate, directs the Treasury to report on how it wouldContinue Reading
Tom Lee from Fundstrat Global Advisors told CNBC that Bitcoin could reach US$200,000 by the end of 2025, representing nearly a doubling from current levels. The prediction hinges on Federal Reserve interest rate cuts, as Lee explains that “Bitcoin and cryptocurrencies like Ethereum are super sensitive to monetary policy.” MarketsContinue Reading
A solo Bitcoin miner struck it rich on September 7, successfully mining block #913,593 and earning a reward of 3.13 BTC, worth US$347,980. The miner, operating with a hash rate of 200 TH/s on the CKPool platform, had a chance of success of about 1 in 36,000 per day, orContinue Reading
