Bitcoin is no tulip, says ETF analyst Eric Balchunas

Bloombergโ€™s Eric Balchunas rebuts Bitcoinโ€“tulip comparisons, citing 17 years of recoveries, ETF demand, and halving-driven scarcity as proof of lasting asset value. Summary Eric Balchunas notes Bitcoin is still up roughly 250% in three years and 122% in 2024, despite a 27% pullback from October highs.โ€‹ He argues non-productive assets like Bitcoin, gold, art, and rare stamps hold value via scarcity and demand, unlike tulipsโ€™ short-lived 1630s bubble.โ€‹ Halving-driven supply cuts, ETF accumulation, and on-chain holding data suggest corrections are normal consolidation, not a systemic collapse. Bloomberg ETF analyst Eric…

Three Arguments From BTC Market Bears

Bitcoin (BTC) climbed 14.50% from its recent lows at $80,600, inching back toward $93,000 as traders are at odds between a โ€œcomebackโ€ by the bulls or the start of a bear market. Key takeaways: Analysts say Bitcoinโ€™s rebound is a bull trap, with risks extending to as low as $40,000. Google Trends suggests a rally toward $97,000 before the correction continues. BTC/USD daily chart. Source: TradingView Among those leaning bearish is CryptoBirb, who remained unconvinced, arguing that the current and upcoming Bitcoin price โ€œrallies are for selling,โ€ not signals of…

Why This Leading Investor Sold His Entire Bitcoin Stack

According to reports, a well-known crypto commentator/investor who goes by the handle Crypto X AiMan has sold all his Bitcoin and moved the proceeds into XRP. He says four reasons drove his decision, and the move has stirred debate across trading circles. Related Reading Investor Dumps Bitcoin For XRP AiMan, who says he first bought Bitcoin when it traded at $3,000, told followers that legal clarity is the main reason for his shift. He pointed to a July 2023 court ruling by Judge Torres that found certain programmatic XRP sales…

Coinbase launches campaign to stop banking industryโ€™s efforts to undo provisions of the GENIUS Act

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Paul Grewal, chief legal officer at Coinbase, sits down with CNBC Crypto World to discuss a new marketing campaign targeting concerns from banks over stablecoin rewards. For access to live and exclusive video from CNBC subscribe to CNBC PRO: ยป Subscribe to CNBC TV: ยป Subscribe to CNBC: ยป Watch CNBC on the go with CNBC+: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news…

Bitcoin price stalls below key $100kโ€“$120k resistance band

Summary Bitcoin trades in a tight $91kโ€“$92k band with market cap near $1.8 trillion and dominance around 58โ€“60%.โ€‹ Price sits above the 200-day moving average but struggles to clear the $100kโ€“$120k resistance zone as momentum indicators flatten.โ€‹ High open interest and positive funding show crowded leveraged longs, increasing liquidation risk if spot reverses. Bitcoin (BTC) traded little changed around 91,500โ€“92,000 dollars on Monday, with spot prices hovering near the upper end of their recent range and keeping the networkโ€™s market value close to 1.8 trillion dollars. The move left the…

Bitcoin Briefly Breaks $92K: ‘A Good Start,’ Claims Analyst

Key Notes BTC jumps past $92K with a sharp rise in trading volume. Aggressive buying and liquidity bursts strengthen short-term momentum. The Fed meeting this week may add further fuel to BTC volatility. Bitcoin BTC $91 769 24h volatility: 2.8% Market cap: $1.83 T Vol. 24h: $44.90 B has started the week strongly with a 60% surge in its 24-hour trading volume. The leading cryptocurrency has crossed the key level of $92,000 and gained $50 billion in market cap over the past day. Analyst Michael van de Poppe noted on…

BITCOIN CRASH: EMERGENCY UPDATE!!!!

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Crypto Prediction Markets Lure Traders With AI And Arbitrage

Blockchain-based prediction markets are drawing in more speculators as traders hunt for returns that can beat simply holding spot cryptocurrencies, according to a new report. Prediction markets are emerging as a new speculative arena for traders, pitting casual retail participants against data-driven, professional traders, creating โ€œextreme information asymmetry and meaningful arbitrage windows,โ€ according to a Monday report from crypto research company 10X Research. While sports bets account for the lionโ€™s share of activity on these platforms, Bitcoin (BTC) and crypto-outcome related events are presenting more niche opportunities that digital asset…

Harvard boosts Bitcoin ETF stake 257% in Q3 2024

Harvard hiked its Bitcoin ETF stake 257% in Q3 2024, making iShares Bitcoin Trust its top disclosed holding, even as BTC slid and critics questioned the move. Summary Harvard lifted its Bitcoin ETF position 257% in Q3, with IBIT now about 0.75% of the endowment and held at roughly twice the size of its gold ETF stake. The move drew fire from academics and columnists over Bitcoinโ€™s volatility, lack of yield, limited payment use and heavy energy footprint. Market analysts say Harvardโ€™s bet comes as BTC ETFs see outflows, many…

Ethereum Founder Breaks Silence With Major Upgrade Proposal

Ethereum co-founder Vitalik Buterin has unveiled a major proposal that could fundamentally reshape how the network handles transaction fees. His new design aims to replace unpredictable costs with a system that lets users plan and budget more effectively, signaling one of the most significant shifts in Ethereumโ€™s economic framework in years. Ethereum Gas Fees As Predictable, Prepaid Resources Buterinโ€™s proposal centers on a new on-chain gas futures market. Today, gas fees rise and fall based on network congestion and users have no way to know in advance what they will…