Tag: Bitcoin

Bitcoin Price Holds The Line: Is Another Surge Possible?

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Bitcoin price saw a short-term correction from the $93,450 zone. BTC is now consolidating gains near $87,000 and might attempt another increase in the near term. Bitcoin started a downside correction from the $93,450 zone. The price is trading above $87,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $90,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $87,000 zone. Bitcoin Price Starts Downside…

$150K Bitcoin: Scaramucci Sees Trump Depoliticizing Crypto, Fueling BTC’s Next Surge

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Skybridge Capital’s founder predicts bitcoin could reach $150,000 with eased regulations, noting that the Trump administration’s approach could help depoliticize crypto policy. Can Depoliticized US Policy Finally Push Bitcoin to $150,000? Skybridge Capital founder Anthony Scaramucci shared insights into potential U.S. policy changes affecting bitcoin and cryptocurrency in an interview with Saxo. As an investor […] Original

Vaneck’s Matthew Sigel Sets Bitcoin Target at $180,000

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Matthew Sigel, head of digital assets research at Vaneck, projects a significant upward trajectory for bitcoin, setting a target price of $180,000. Bitcoin Could Reach $180,000 by Next Year, Says Vaneck’s Sigel Sigel’s outlook on bitcoin (BTC) remains bullish, fueled by what he identifies as indicators of a continued rally. Following recent price surges, he […] Original

Bitcoin Price (BTC) Falls Following Jerome Powell Comments

The price of bitcoin (BTC) fell about 1.5% to $88,300 in the minutes following Powell’s comments. The price at press time had dipped a bit further to $88,000, down 3.2% over the past 24 hours. Ether (ETH) is down by a similar amount. The broader CoinDesk 20 Index, however, is up 0.5% over the same time frame. It’s being led by a 13% advance for Ripple’s (XRP), perhaps cheered by remarks from Securities and Exchange Commission Chair Gary Gensler which could be interpreted as his planning to quietly exit his…

Pennsylvania introduces bill to implement strategic bitcoin reserve

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Pennsylvania’s legislature has introduced a bill allowing the state to invest in Bitcoin. Led by Representative Mike Cabell, this bill would permit Pennsylvania to allocate up to 10% of three state funds — the General Fund, Rainy Day Fund, and State Investment Fund — into Bitcoin (BTC).  Cabell argues that Bitcoin could act as a hedge against inflation, helping protect the state’s economy amid economic volatility. The bill, known as the Pennsylvania Bitcoin Strategic Reserve Act, aligns with a broader interest in Bitcoin as a store of value in the…

Bitcoin Trader Unrealized Profit Margins At High Levels – Risk Of Correction?

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Este artículo también está disponible en español. Bitcoin set a new all-time high yesterday, reaching $93,483, continuing its impressive rally without significant setbacks. Over the past nine days, the crypto leader has surged with minimal dips, not falling more than 5% during this bullish phase. This relentless price action has drawn widespread attention as Bitcoin defies expectations and resists any notable pullback. Related Reading Key data from CryptoQuant reveals that traders’ unrealized profit margins are climbing, indicating that the market may be nearing a short-term peak. High unrealized profit levels…

Bitcoin Surge Drives Deribit to $40.8 Billion Open Interest Peak

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Deribit reached an all-time high in open interest this week, totaling $37.6 billion across bitcoin and ether contracts, signaling intensified activity in cryptocurrency derivatives amid bitcoin’s recent price volatility. Amid Bitcoin’s Climb, Deribit Reaches Unprecedented Open Interest High Deribit, a prominent platform for cryptocurrency derivatives trading, has reached an all-time high in open interest across […] Original

BTC Digital Ltd. Announces Signing of Bitcoin Miner Equipment Hosting Agreement

SHENZHEN, China, Nov. 13, 2024 /PRNewswire/ — Blockchain technology company BTC Digital Ltd. ( “BTC Digital” or “the Company”) (NASDAQ: BTCT) today announced that the company has signed a Bitcoin miner equipment hosting agreement with Recte Technologies Company Limited, a digital asset management advisory company in Asia, and ASIA INVESTMENT FUND SP2, a cryptocurrency mining fund in Asia, with plans to provide hosting services for their 1,100 Bitcoin mining machines (the “Hosting Agreements”).   BTC Digital entered into the Hosting Agreements with the two significant clients on November 13, 2024 to manage…

Bitcoin Bull Tim Draper Eyes Trump’s Return as Catalyst for Private Sector Boom: ‘Very Excited’

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This week, the bitcoin bull and venture capitalist Tim Draper shared his excitement on X about Donald Trump’s potential next term. “Every job they cut in the government will create three jobs in the private sector,” Draper eagerly stated. Bitcoin Enthusiast Draper Anticipates Trump’s Next Term Will Unleash Private Sector Growth Venture capitalist Tim Draper […] Original