Bitcoin Falls Below $65K as Fed Maintains Rates, Indicates Possible September Cut Bitcoin has experienced a decline below a significant price threshold following the United States Federal Reserve’s decision to keep interest rates steady amidst rising tensions in the Middle East. On July 31, Bitcoin (BTC) fell to $64,549 — its first drop below $65,000 […]
Donald Trump’s Bitcoin Sneakers Listed on eBay for $2,500 Scalpers are already attempting to sell the newly released limited edition Bitcoin-themed sneakers featuring Donald Trump on eBay, with prices starting at $2,500. Current listings for the orange Bitcoin-themed high-tops on eBay show scalpers aiming to profit by selling their pre-order positions for as high as […]
Senator Lummis Proposes Bitcoin Strategic Reserve Legislation Wyoming Senator Cynthia Lummis has introduced a new bill aiming for the United States to acquire 5% of Bitcoin’s total supply as part of a strategic reserve. The legislation, presented on July 31, 2024, would establish a reserve fund for this digital asset, which is recognized for its […]
Assessing the Potential Drop in Bitcoin Prices Bitcoin has faced rejection around the $70,000 mark, prompting discussions on possible support levels where a downward trend might stabilize. At present, Bitcoin’s trajectory appears to be moving sideways. The daily chart has highlighted a third occurrence of lower highs since March, which indicates several significant support levels […]
Cryptocurrency Price Analysis for July 31st Bitcoin bulls have managed to hold the $65,000 support level. However, indicators suggest that it may still be premature for traders to anticipate a short-term trend reversal. Bitcoin Price Analysis Bitcoin (BTC) faced significant resistance around the $70,000 mark on July 29, showcasing that bears are actively protecting the […]
Bitcoin Miners See Reduced Selling Pressure and Revenue Growth in July With a recovery in miner revenues, Bitcoin hashrate has increased, alleviating some of the selling pressure from miners’ reserves. The rise in Bitcoin’s price in July has offered significant relief for miners, contributing to a boost in mining operations and a decline in the […]
Grayscale Launches Bitcoin Mini Trust on NYSE Arca Grayscale, a major player in the cryptocurrency investment landscape, has expanded its portfolio by introducing the Bitcoin Mini Trust, a “spin-off” of its established spot Bitcoin ETF. Overview of Grayscale Bitcoin Mini Trust The Grayscale Bitcoin Mini Trust serves as an extension of Grayscale’s spot Bitcoin ETF, […]
Mt. Gox Transfers $3 Billion in Bitcoin; Market Reaction Minimal Analysts suggest that the holders of Mt. Gox are likely focused on long-term investment strategies, leading to a muted market response. Bitcoin traders seem to be desensitized to news regarding Mt. Gox, as markets displayed limited reaction to a recent $3 billion transfer from a […]
Expectations for Bitcoin’s Price Movements in September As September approaches, Bitcoin enthusiasts are anticipating price increases, yet there remains skepticism about whether the cryptocurrency will achieve the coveted $100,000 threshold by the end of this year. September Breakout Anticipation Bitcoin traders are optimistic about a price surge this September, but confidence in reaching the six-figure […]
Bitcoin Price Analysis: Liquidation Risks Below $64K Bitcoin’s price challenges intensify as it struggles to maintain $66,000 as a support threshold, heightening the risk of long liquidations. Current Market Conditions for Bitcoin Bitcoin (BTC) narrowly avoided dropping below $66,000 following the market opening on July 30, as the threat of a long liquidation event looms. […]
