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…
The $11 billion Bitcoin whale is back with another massive short position, signaling that some large investors are hedging for more crypto market downside amid the tariff concerns and ongoing government shutdown. The Bitcoin whale, which is crypto slang for a large investor, returned with a $235 million 10-times leveraged short position on Bitcoin (BTC),…
The Bitcoin (BTC) mining difficulty fell to 146.7 trillion on Friday as the network hashrate, the average of the total computing power dedicated to securing the decentralized protocol, hit an all-time high of over 1.2 trillion hashes per second. BTC mining difficulty is down by about 2.7% from the all-time high difficulty level of over…
Bitcoin could reclaim its all-time high of $125,100 in the coming week, but not without one more major correction, according to veteran trader Peter Brandt. “Either a huge shakeout, which would be confirmed by an ATH quickly within the next week or so,” he said, though he acknowledged there could also be a much more…
Key points: Bitcoin market analysis sees a squeeze toward $114,000 in time for the weekly close. Traders favor a BTC price rebound into next week. The Bitcoin bull market uptrend can remain intact despite the $19 billion liquidation cascade. Bitcoin (BTC) centered on $112,000 into Sunday’s weekly candle close as traders hoped for a BTC…
Bitcoin’s price may recover up to 21% over the coming seven days if October’s historical trends hold, an economist suggests. “Drops of more than 5% in October are exceedingly rare. This has happened only 4 times in the past 10 years,” economist Timothy Peterson said in an X post on Friday.’ He said those instances…
Key takeaways: Over $3.5 billion in weekly ETF inflows and a 5-year low in exchange balances highlight renewed institutional confidence in Bitcoin. Healthy futures open interest and continuous BTC adoption suggest that traders expect Bitcoin to challenge $150,000 soon. Bitcoin (BTC) saw a 4.2% correction on Tuesday after reaching a $126,219 all-time high the previous…
Crypto-friendly US Senator Cynthia Lummis has confirmed that acquiring funds for the US Strategic Bitcoin Reserve (SBR) can “start anytime” now, though legislative red tape is holding it back. In an X post on Monday, Lummis said that while it remains a “slog” on the legislative side of things, thanks to “President Trump, the acquisition…
Today in crypto, Bitcoin rallied to a new high on Sunday, Stripe CEO says stablecoins will force banks to offer users real interest on deposits, and US-listed spot Bitcoin exchange-traded funds (ETFs) kicked off October with billions in inflows. Bitcoin rally to $125,000 fueled by US gov’t shutdown, macro factors: Analysts Bitcoin breached a new…
Galaxy Digital CEO Mike Novogratz said Bitcoin’s price could see a significant rally if the next US Federal Reserve chair nominee to replace Jerome Powell is exceptionally dovish. “That’s the potential biggest bull catalyst for Bitcoin and the rest of crypto,” Novogratz said in an interview with Kyle Chasse published to YouTube on Friday. “Fed’s…