Category: Bitcoin News

Middle East explodes, Bitcoin steady: is something broken?

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Why are markets staying calm while the Middle East is on fire? Is Bitcoin really immune to geopolitical chaos, or are we missing something bigger here? Missiles fly, Bitcoin steady A year ago, Israeli Prime Minister Benjamin Netanyahu stood confidently at the UN General Assembly, celebrating what appeared to be growing peace in the Middle East. However, today, the landscape looks drastically different. The ongoing war in Gaza is nearing its one-year mark, but the conflict has expanded beyond the region. With Iran now involved, tensions between Israel and Hezbollah…

Sanctioned BitRiver sees Russia poised to surpass US in Bitcoin mining by 2027 with Kremlin’s support

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Sanctioned crypto mining firm BitRiver suggests Russia could soon outpace the U.S. in mining due to favorable regulations. As U.S. presidential candidates increasingly highlight the importance of blockchain and crypto mining leadership, sanctioned crypto mining firm BitRiver is optimistic about Russia‘s potential to surpass the U.S. in Bitcoin (BTC) mining by 2027. In an interview with state-owned news agency Prime, BitRiver CEO Igor Runets highlighted recent regulatory developments that have bolstered Russia’s standing in the crypto sector. In early August, Russia’s President Vladimir Putin legalized crypto mining by signing new…

Spot Bitcoin ETFs record outflows of $242.6m as Bitcoin retreats below $62k

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Spot Bitcoin exchange-traded funds recorded significant outflows ending their eight-day inflow streak on Oct. 1 as Bitcoin retreated below $62,000 amid rising tension in the Middle East. According to data from SoSoValue, the 12-spot Bitcoin ETFs saw net outflows of $242.53 million, breaking an inflow streak that had brought $1.42 billion into these funds over the previous eight days. This marked the largest daily outflow since Sept. 3, when $288 million exited Bitcoin ETFs. Among the funds, Fidelity’s FBTC led the outflows with $144.7 million withdrawn on Oct. 1, followed…

Cleanspark CEO Predicts Bitcoin $200K Peak Within 18 Months

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Cleanspark CEO Zach Bradford predicts a dramatic rise in bitcoin’s value, forecasting a peak near $200,000 within the next 18 months. His outlook suggests rapid growth followed by stability, driven by bitcoin’s current price behavior and broader market dynamics. He also links the U.S. presidential election to potential price surges, while emphasizing the advantages of […] Original

Middle East Tensions Trigger Equities Sell-Off, Bitcoin Drops to $60,246

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On Tuesday, major U.S. stock indices, including the Nasdaq Composite, Dow Jones Industrial Average, Russell 2000, and S&P 500, all closed in negative territory, driven by growing concerns over potential conflict escalation in the Middle East. According to the U.S. State Department, Iran launched nearly 200 ballistic missiles toward Israel. Following the announcement, bitcoin dipped […] Original

Gomining Launches Foundation to Drive Innovation in Bitcoin L1 and L2 Projects

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The GoBTC Foundation, established by Gomining, has been officially launched to strengthen Bitcoin’s onchain ecosystem. The foundation’s creation aims to support initiatives that foster greater transaction activity and ecosystem growth. Foundation Established to Foster Bitcoin’s Infrastructure Growth Gomining states that the GoBTC Foundation operates as a vertically integrated entity, focusing on Bitcoin’s layer one (L1) […] Original

Bitcoin ETF inflows surge over $1b last week, miners see rally

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Bitcoin ETFs saw record inflows as miners expanded operations — analysts from H.C. Wainwright link a BTC rally to easing global monetary policies. According to H.C. Wainwright’s latest report shared with crypto.news, Bitcoin (BTC) closed the week ending September 29 with a 3.2% rise, hitting $65,618. This contrasts with its usual trend, as September is typically a weak month for BTC.  Historically, September has seen an average 3.7% drop, but this year’s gains suggest a shift. Analysts at the firm link this unusual rise to global central banks easing monetary…

Bitcoin, crypto down 4% as Israel-Iran conflict escalates 

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Crypto markets slumped on Oct. 1 amid geopolitical conflict between Israel and Iran in the Middle East. The top 10 cryptocurrencies by market cap, including Bitcoin (BTC), fell as Iran launched hundreds of missiles towards Israel, shaking the already fragile market confidence. The attack prompted a sell-off in the crypto market cap by over 4%. Bitcoin dropped 3.9%, slipping below $61,200 after climbing to $65,000 last week. Ethereum (ETH), (BNB), and Solana (SOL) were down between 6-7%. Stablecoins like Tether (USDT) and Circle USD Coin (USDC) slightly depegged, but maintain…