Bitcoin price started a decent increase above $68,500 but failed at $70,000. BTC is now consolidating and might aim for more gains above $68,800. Bitcoin started a fresh increase after it settled above the $68,000 support. The price is trading above $68,000 and the 100 hourly simple moving average. There is a contracting triangle forming with resistance at $68,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $67,000 and $66,550 levels. Bitcoin Price Corrects Lower From…
Tag: Bitcoin
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‘Liking Bitcoin’ Is Not Enough For US Government: David Bailey
David Bailey, a former crypto advisor to the Trump administration, argues that the US government could be doing more to support Bitcoin adoption.ย โAt the end of the day, liking Bitcoin is not enough,โ Bailey said during the Bitcoin Investor Week Conference in New York, which was published to YouTube on Tuesday. โThe Trump administration was a very important first step, but you know there is so much further for us to go and not just in talk but in actual delivery,โ said Bailey, who now serves as CEO and…
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Ray Dalio Warns Against Bitcoin as a Safe Haven
Billionaire investor Ray Dalio has warned against Bitcoin as a long-term store of value and safe-haven asset, arguing that it has little central bank support and has lingering concerns over its privacy limitations and quantum resistance. Dalio dismissed the idea that Bitcoin (BTC) can function as a digital gold, telling the All-In Podcast on Tuesday that โthere is only one gold.โ “Gold is not a precious metal that’s speculated on,โ Dalio said, adding it is the โmost established moneyโ that is the second-largest reserve currency held by central banks. Dalio…
Bitcoin Holds Steady As Middle East Conflict Rattles Markets
War is burning across the Middle East. Oil prices are climbing. Stock markets in Asia have taken a hit. And yet, Bitcoin is still standing above $66,000 โ a fact that has caught the attention of analysts keeping a close eye on the market. Related Reading Calm Where There Should Be Panic The group most closely watched during moments of market stress is what analysts call short-term holders โ people who bought Bitcoin recently and are most likely to sell fast when things go wrong. Based on reports from on-chain…
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Bitcoin Outlook Tied to Oil, Fed Policy as Conflict Escalates
Bitcoin faces mounting volatility as geopolitical tensions and surging oil prices rattle global markets, with Wintermute warning that macro forces โ not crypto fundamentals โ now threaten to dictate the sectorโs next decisive move. Analysts Warn Energy Shock Could Delay Crypto Recovery Global markets are recalibrating as geopolitical tensions reshape expectations for risk assets. Bitcoin […] Original
Bitcoin To $11 Million By 2036? This Thesis Is Turning Heads
Joe Burnett, VP of Bitcoin Strategy at Strive (Nasdaq: ASST), is arguing that bitcoin could reach $11 million by the first quarter of 2036, not because it replaces the financial system, but because it becomes the dominant long-duration savings asset in an economy reshaped by AI-led deflation and repeated monetary expansion. His thesis, laid out in a March 2 Substack note, frames bitcoin less as a speculative trade and more as the asset most likely to absorb excess liquidity in a world of falling production costs and chronic policy intervention.…
Bitcoin Is โMoneyโ in Parts of Africa, Says Africa Bitcoin Corp Chair
Stafford Masie, executive chairman of Africa Bitcoin Corporation, said Tuesday that Bitcoin functions as everyday money in parts of Africa rather than primarily as a store of value. Speaking to Natalie Brunell on the Coin Stories podcast on Tuesday, Masie said the framing of Bitcoin (BTC) differs sharply across regions. โWhere I come from, Bitcoin is money,โ he told Brunell, adding that in some circular economies in Africa, merchants โwonโt accept dollars โ they accept satoshis.โ While investors in developed markets often emphasize its role as an inflation hedge, he…