Gold, one of the oldest and most trusted stores of value, suffered a brutal sell-off in just 24 hours, wiping out trillions of dollars in market value, more than the entire value of Bitcoin. The gold market extended Tuesday’s massive correction, with $2.5 trillion being erased from its market cap on Wednesday, according to the…
Read more
Key points: Global M2 money supply could send Bitcoin to $500,000 if it repeats its 2020 expansion. The price increased six times after the worldwide COVID-19 money printing spree. The latest M2 jump comes as central banks cut interest rates while inflation lingers. Bitcoin (BTC) may reach $500,000 if it repeats its reaction to booming…
Read more
Opinion by: Senator Cynthia Lummis When people think of digital assets and financial innovation, they often picture Silicon Valley or Wall Street. Wyoming, with its vast open spaces, unique economy and remote communities, however, makes a compelling case for why digital assets, fintech and open banking are so important. The US Congress passed Section 1033 of…
Read more
Key takeaways: Bitcoin risks testing $100,000 after breaking a key support level of a bear flag. The so-called “insider” whale moved 5,252 BTC ($588 million) to exchanges and opened a new $234 million short. Bitcoin (BTC) is showing signs of technical weakness after breaking below a key short-term support level, coinciding with large BTC transfers…
Read more
Bitcoin’s self-custody era may be ending as wealthy holders increasingly transfer assets into regulated exchange-traded funds (ETFs) amid tax incentives and improving institutional infrastructure. In a Wednesday post on X, Martin Hiesboeck, head of blockchain and crypto research at crypto financial services platform Uphold, said the movement of large Bitcoin (BTC) wallets into ETFs marks…
Read more
Japan’s new Prime Minister, Sanae Takaichi, announced a package of economic stimulus measures on Tuesday to ease the impact of inflation on households. The move, some crypto observers say, could drive more capital into Bitcoin. The stimulus measures include subsidies for electricity and gas charges, as well as regional grants to ease price pressure and…
Read more
Key takeaways: Bitcoin’s MVRV ratio dropping below its 365-day average signals a local bottom, historically preceding big price rallies. Capital rotation from gold could fuel the Bitcoin rebound, according to analysts. Bitcoin (BTC) could be poised for a sustained recovery in the coming weeks, as a key valuation metric sends a bullish signal. The BTC…
Read more
World, OpenAI CEO Sam Altman’s digital identity project, formerly known as Worldcoin, is expanding into prediction markets by integrating Polymarket. World App, a mobile application that combines a digital wallet with World’s decentralized identity tool, World ID, has integrated the Polymarket App, the company announced on Tuesday. “World App users can download and access the…
Read more
Bitcoin may still be on track to reach $200,000 by the end of the year, even after a record $19 billion market liquidation and renewed tariff threats from US President Donald Trump, according to Standard Chartered’s global head of digital assets research, Geoff Kendrick. The crypto market experienced a record $19 billion liquidation event on…
Read more
Bitcoin’s price chart has started to show similarities to the soybean market around 50 years ago, which saw prices top before plummeting 50% as global supply began to outweigh demand, warns veteran trader Peter Brandt. However, other Bitcoin (BTC) analysts are confident that the charts are signaling further upside ahead. “Bitcoin is forming a rare…
Read more