Bitcoin poised for $150K ‘batshit season’ but sellers could dent rally
One analyst predicts a $150,000 price tag for Bitcoin by the end of this year, however other indicators point to increased short-term selling. Go to Source
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Semler Scientific Acquires More Bitcoin, Citing Institutional Adoption Growth
Semler Scientific has purchased 83 more bitcoins for $5 million, bringing its total holdings to 1,012 BTC. The company expressed optimism about the increasing institutional adoption of bitcoin, emphasizing: “We believe this increasing institutionalization will drive value for both bitcoin prices and for our stockholders.” Semler Scientific Expands Bitcoin Holdings Amid Growing Institutional Interest Semler … Read more
Price analysis 8/26: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
Bitcoin and altcoins are witnessing some profit taking today, but the overall uptrend remains intact. Go to Source
Bitcoin Sets New Transaction Milestones as Top Ten Busiest Days Occurred in 2024
In 2024, the Bitcoin network has hit some significant milestones, including reaching an all-time high price, achieving peak hashrate and difficulty, and recording the highest onchain fees ever. On top of these metrics, the blockchain also saw its busiest transfer day in history on April 23, with 927,010 transactions confirmed in one day. Bitcoin’s High-Traffic … Read more
Bitcoin Inflows Reach $543 Million as Powell Suggests Rate Cuts, Coinshares Reports
Coinshares, led by researcher James Butterfill, reports a significant uptick in bitcoin inflows following recent comments from Federal Reserve Chair Jerome Powell. The investment surge reflects the market’s response to potential interest rate cuts hinted at during the Jackson Hole Symposium. Powell’s Comments Correlate With $543 Million Bitcoin Inflow, Coinshares Observes According to Coinshares, digital … Read more
Bitcoin liquidity sinks to $62.5K as BTC price struggles at US open
BTC price momentum sags as Wall Street returns amid surprise that Bitcoin could not capitalize further on last week’s macro news. Go to Source
Bitcoin poised for breakout as US money market funds reach $6.2 trillion
Bitcoin could be on track to a September breakout to new record highs, but it faces significant resistance around $65,000. Go to Source
India amasses 5M central bank digital currency users
India has taken a cautious approach to introducing a CBDC, while local authorities have also refused to regulate crypto transactions. Go to Source
Bitcoin Technical Analysis: Key Resistance Levels Test Bullish Momentum
On Aug. 26, 2024, bitcoin is navigating a crucial juncture, with prices hovering around $63,908. Despite a recent recovery attempt, the cryptocurrency faces significant resistance between $64,000 and $65,000. Bitcoin Bitcoin’s 1-hour chart reveals a recent peak at $65,103, followed by a sharp drop to $63,128 before stabilizing just above $63,500. This stabilization is critical, … Read more
Crypto investment products see largest inflows in 5 weeks
The Bitcoin price increased 8% amid BTC investment products seeing $543 million in inflows last week. Go to Source