Financial institutions are quickly waking up to the “debasement trade,” according to commentators, which could be a boon for assets such as gold and Bitcoin. Institutions have a new concept to cling to called the “debasement trade,” which will be the thing that protects them, said entrepreneur Anthony Pompliano in a podcast on Thursday. It’s…
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Nearly all of Bitcoin’s supply is now in profit after a recent rally, but rising leverage and “crowded call positioning” could suggest growing short-term fragility, according to onchain analytics. As of Wednesday, 97% of Bitcoin (BTC) supply is in profit, reported blockchain analytics provider Glassnode. “Building on the accumulation trend, Bitcoin’s rally to a new…
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BitMEX co-founder Arthur Hayes has agreed that the four-year crypto cycle is dead, but not for the reasons most people believe. “As the four-year anniversary of this fourth cycle is upon us, traders wish to apply the historical pattern and forecast an end to this bull run,” said Hayes in a blog post on Thursday.…
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The largest federation of trade unions in the US says it has “serious concerns” about the Senate’s draft bill to regulate crypto, claiming it lacks worker protections and poorly regulates the sector. The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) opposed the Responsible Financial Innovation Act (RFIA), arguing in a letter to…
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Spot Bitcoin exchange-traded funds in the United States clocked their second-biggest day of inflows in history as Bitcoin notched a new record high on Monday. The 11 US-based spot Bitcoin ETFs saw a cumulative $1.18 billion in inflows on the day, second only to Nov. 7, 2024, when the ETFs raked in $1.37 billion after…
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Gold prices have come within a few dollars of a milestone all-time high of $4,000 as investors escape to safe-haven assets — a trend that also looks bullish for Bitcoin. Prices for futures for gold tapped $4,000 per ounce for the first time early on Tuesday morning, while spot prices reached an all-time high of…
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Bitcoin could be poised for further gains in the weeks ahead after clocking a new record high on Sunday, according to analysts. “Now that we’ve made new ATHs in an impulsive manner, the next leg to $150k+ has begun,” opined crypto analyst ‘CrediBULL Crypto’ on Sunday following Bitcoin’s (BTC) surge to a record high of…
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The amount of Bitcoin held on centralized exchanges has plunged to a six-year low as the asset climbed to a new all-time high. Bitcoin notched a new all-time high on Sunday morning, reaching a little over $125,700 on Coinbase, according to Tradingview. Its previous peak was $124,500 on Coinbase on Aug. 14. Bitcoin (BTC) pulled…
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Michael Saylor’s digital asset treasury firm, Strategy, has just hit a new all-time high in crypto value, now worth more than several leading banks and equivalent to the gross domestic product of some nations. “Our journey began with $0.25 billion in Bitcoin — and an immediate $0.04 billion unrealized loss,” said Saylor on Thursday, noting…
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Crypto markets have surged over the past day, culminating in a seven-week high for Bitcoin as the historically bullish month of October begins. Bitcoin (BTC) prices have skyrocketed 4% over the past 24 hours, with the world’s leading digital asset hitting $119,450 on Coinbase in early trading on Thursday, according to TradingView. This is the…
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