Watch these 3 BTC price levels if Bitcoin breaks below $55K
Bitcoin’s recent drop to $55,250 reclaimed an untouched demand zone from August, which may push prices for an immediate swing high at $58,000. Go to Source
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Arthur Hayes sees sub-$50K BTC price as Bitcoin risks ‘stark’ trend shift
BTC price targets are increasingly looking for a rematch with last month’s lows as Bitcoin chartists highlight formidable resistance levels. Go to Source
Crypto in ‘extreme fear’ as Arthur Hayes tips ‘sub $50K’ Bitcoin weekend
Crypto market sentiment dropped back into “extreme fear” amid Bitcoin’s price slump, with Arthur Hayes calling that it could drop again. Go to Source
Bitcoin Faces Downward Pressure As Short-Term Holders Remain Underwater
The Bitcoin market has continued to face downward pressure over the past few months, despite the fact that the average Bitcoin investor is still in profit. However, short-term holders remain significantly underwater on their investments, posing a potential risk to the market in the near term. The #Bitcoin market continues to experience downwards pressure over … Read more
FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket
The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve impersonations and target vulnerable populations, such as older adults, with significant financial impact. FTC Warns of … Read more
Bitcoin yield opportunities are booming — Here’s what to watch for
Bitcoin has historically been terrible as a yield asset. Fortunately, the options for earning interest are beginning to abound. Go to Source
Nigerian Scammer’s Crypto Wallet Seized by Kansas Attorney General
Kansas Attorney General Kris Kobach announced the recovery of an international crypto wallet and stated that the funds will be returned to a Kansas resident defrauded in a crypto scam. This followed a lawsuit against Bimbo Toyin Akinyemi, a Nigerian national accused of the fraud. The court ordered full restitution and penalties, enabling the Attorney … Read more
Bullish or Bearish? What’s Next for Bitcoin Amid Mixed Market Sentiment
On Sept. 5, 2024, bitcoin held steady, floating just above the $56K mark, sparking ongoing debates about its market direction. Some speculate that bitcoin might be entering a bearish phase, while others still see potential for a bullish breakout. Cryptoquant’s head of research, Julio Moreno, weighed in on the discussion, stating the drop in bitcoin’s … Read more
Blockstream Mining issues hashrate-backed security token in fundraise
Blockstream is essentially selling four-year claims on the proceeds from its Bitcoin mining operations in exchange for funding. Go to Source
Bitcoin Sinks 3% as Markets Brace for Friday’s Jobs Report, Gold Climbs
On Thursday, the crypto market mirrored the stock market’s downturn ahead of Friday’s anticipated U.S. jobs report. All major U.S. stock indices slipped into the red, with bitcoin (BTC) tumbling 3.6% in the past 24 hours. Meanwhile, gold enjoyed a nearly 1% gain, climbing back above the $2,500 per ounce mark. Recession Fears Loom as … Read more