Governments must tax or ban Bitcoin to maintain deficits: Minneapolis Fed
The Federal Reserve Bank of Minneapolis suggests that a ban or tax on Bitcoin could ensure its ability to run permanent budget deficits. Go to Source
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How Bitcoin’s Success Could Be Fueling Poverty for Latecomers and Non-Holders, ECB Economists Claim
Bitcoin’s rise is enriching early adopters at the expense of society, according to a paper by European Central Bank (ECB) economists. They argued that bitcoin’s speculative growth leads to wealth redistribution, where early investors gain while non-holders and latecomers are left poorer. Economists warn this dynamic could harm societal stability, deepening inequality and threatening democracy … Read more
Bitcoin’s Potential ATH Signals Bull Run, But Altcoin Season Remains Elusive
As Bitcoin gears up to possibly achieve a new all-time high (ATH) by the end of the year, the anticipated bull run seems to be on the horizon. However, altcoin season has yet to kick off. In light of the current surge in interest surrounding artificial intelligence (AI) tokens, we’ve analyzed key on-chain data and … Read more
Bitcoin Supply Held By New Investors Hits 2-Year High Amid ETF Inflows
The percentage of Bitcoin supply held by addresses that bought within the last 12 months has reached its highest point in two years, signaling renewed interest from newer investors. This surge has been driven in part by a significant inflow of capital into Bitcoin exchange-traded funds (ETFs). According to data from @intotheblock, Bitcoin ETFs saw … Read more
BTC Hits $69K Amid Big Market Moves: Here’s How Markets Are Moving
On Sunday, bitcoin (BTC) climbed past $69,000, hitting an intraday peak of $69,363 per coin. Over the past week, BTC gained 9.3%, expanded 63% since the start of the year, and increased by 132% over the last 12 months. The global trading volume across the crypto economy sits at $71.30 billion, with BTC contributing $15.25 … Read more
Bitcoin ETF Holdings Push Steadily Toward the 1 Million BTC Threshold
Following Friday’s spot bitcoin exchange-traded fund (ETF) activity, the numbers reveal that the 12 ETFs are on the brink of reaching the impressive milestone of 1 million bitcoins. As of this weekend, the funds are just shy of 42,000 BTC from hitting that target. Massive Bitcoin Inflows Drive ETFs Closer to 1 Million Bitcoin Milestone … Read more
Bitcoin price rally above $70K could supercharge ETH, SOL, DOGE and SHIB
Bitcoin’s bullish weekend price action could be a sneak peek of what’s to come this week. Will ETH, SOL, DOGE, and SHIB follow? Go to Source
Crypto Market’s Unexpected Q4 Developments Revealed in New Institutional Report
According to a recent joint report by Glassnode and Coinbase Institutional, the fourth quarter of 2024 is marked by an evolving landscape in the crypto markets. Researchers from both entities underscore the significance of these developments, driven by key metrics and trends shaping the broader industry. Institutional Insights Signal a Maturing Crypto Market in Q4 … Read more
Trump vs. Harris: Why Bitcoin Traders Are Bracing for a God Candle Event
With just 16 days remaining until the U.S. election, bitcoin is now sitting at its highest price since the end of July. Many speculators are confident that a Trump victory would send bitcoin climbing to new peaks, a theory gaining traction among major financial institutions. While some believe the election results won’t significantly impact bitcoin’s … Read more
Bitcoin price analysis sees rematch with 2021 record high vs. S&P 500
Bitcoin getting even against US stocks is a distinct possibility as a “highly effective” BTC price tool repeats a classic breakout signal. Go to Source