Bitcoin sell pressure will have evaporated once it crosses the $130,000 mark, according to Bitwise CEO Hunter Horsley. “I think once Bitcoin breaks through, e.g., $130-150k, no one is going to sell their Bitcoin,” Bitwise CEO Hunter Horsley said in an X post on Wednesday. Galaxy Digital founder Mike Novogratz recently said the price range…
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Bitcoin’s several breakouts past $110,000 this week have pushed bullish market sentiment to a seven-month high, which was last seen during US President Donald Trump’s election win. As of June 11, there are 2.12 positive Bitcoin comments for every negative comment on social media, crypto analytics platform Santiment said in a June 11 X post. …
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GameStop (GME) shares fell 11.7% in after-hours trading after announcing a $1.75 billion private convertible senior note offering — extending its debt financing strategy that could fund additional Bitcoin purchases. GME had already slid 5.34% to $28.55 during normal trading hours on Wednesday after GameStop reported a first-quarter revenue fall of 17% in after-hours the…
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Truth for the Commoner (TFTC), a media company that advocates for Bitcoin and sound money principles via a newsletter and podcast, launched the “Opportunity Cost” browser extension on Wednesday, allowing users to view online prices in Bitcoin (BTC) or sats to weigh purchasing decisions. TFTC founder and contributor Marty Bent outlined three main goals of…
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Two of the men charged with the kidnapping and torture of a cryptocurrency holder visiting New York City have reportedly pleaded not guilty to all counts. In a Wednesday hearing in the New York Supreme Criminal Court, John Woeltz and William Duplessie pleaded not guilty to kidnapping and false imprisonment of Michael Valentino Teofrasto Carturan,…
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Key takeaways: Bitcoin onchain data shows a steady depletion of exchange and OTC balances, pointing to long-term accumulation and tightening supply. With BTC open interest near record highs and liquidity drying up, the market is tightly coiled, raising the probability of a sharp move. Bitcoin (BTC) price has consistently risen, even as trading volumes dropped…
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Key takeaways: Bitcoin investor sentiment hits a 7-month high, with a bullish pennant forecasting a rally to $115,000. Today’s CPI print and the chance for a lower-than-expected PPI on June 12 could drive BTC price higher. Bitcoin (BTC) price briefly rallied above $110,000 on Wednesday after US Consumer Price Index (CPI) data came in cooler…
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With the US Senate expected to vote on legislation to regulate payment stablecoins soon, two senators called on Meta CEO Mark Zuckerberg to answer questions about the company’s potential plans to introduce another stablecoin. In a Wednesday letter to Zuckerberg, Senators Elizabeth Warren and Richard Blumenthal said it was “more critical than ever that Congress…
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Key takeaway: The cryptocurrency market responded positively to today’s Consumer Price Index (CPI) report and reduced prospects of an escalating trade war between the US and China. Demand for alternative hedge instruments typically weakens in such scenarios, yet Bitcoin (BTC) neared $109,000, while Ether (ETH) posted a 3% gain, trading above $2,800. S&P 500 futures…
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In a 68-30 vote, the US Senate chose to advance the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, more than a month after it was introduced. Speaking from the Senate floor on Wednesday, Majority Leader John Thune urged members of Congress to support the bill, echoing many of US President Donald…
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