Why stocks may send Bitcoin price back to $50K before October
Bitcoin and SPX share a high correlation index as the U.S. stock approaches a new all-time high a day before the Fed cuts interest rates. Go to Source
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Bitcoin poised for volatility ahead of US interest rate decision: Analysts
The Fed is expected to deliver its first interest rate cut since the pandemic, which could introduce more volatility before the next Bitcoin leg up. Go to Source
Bitcoin trader says it’s still ‘too early’ to call BTC price bottom
BTC price performance fails to convince commentators that Bitcoin is out of the woods. Go to Source
DBS to launch crypto options and structured notes for institutions
While DBS did not say the exact date, the banks said that the newly-announced crypto offerings will begin some time on the fourth quarter of 2024. Go to Source
Police Warn of Bitcoin Scam Threatening to Expose Private Information
Hillsborough and Campbell, California, residents have been alerted to a new email scam, according to local police departments. Scammers are sending emails containing personal details and photos of victims’ homes, threatening to release private information unless they pay $2,000 in bitcoin. The email warns recipients to pay “confidentiality charges” or risk having personal footage shared … Read more
Bhutan has twice as much Bitcoin as El Salvador, says Arkham
Bhutan’s investment arm, Druk Holdings, holds more than 13,000 BTC, which is more than double El Salvador’s stash. Go to Source
Microstrategy Announces $700M Private Offering for Debt Buyback and Bitcoin Acquisition
On Monday, U.S.-based Microstrategy, the publicly traded business intelligence (BI) company, unveiled plans for a private offering of $700 million in convertible senior notes. The BI firm plans to raise capital to pay off existing debt and purchase more bitcoin. Microstrategy Reveals Another Private Offering According to Microstrategy’s (Nasdaq: MSTR) announcement, the notes, set to … Read more
MicroStrategy announces third debt offering of 2024, plans to raise $700M
The proceeds will be used to pay off $500 million in existing debt and to purchase more Bitcoin. MicroStrategy currently holds 244,800 BTC. Go to Source
Price analysis 9/16: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
Bitcoin’s failure to hold $60,000 shows hesitation to buy at higher levels before the FOMC decision on Sept. 18. Go to Source
Crypto investment products see $436M inflow while Ethereum continues to suffer
Inflows to crypto investment products rose over the past week, but Ethereum continues to lose investors’ interest. Go to Source