Bitcoin’s price rally to $70K could lure buyers to XRP, KAS, STX and JASMY
Bitcoin remains on target to reach $70,000, and if that happens, XRP, KAS, STX and JASMY could find buyers. Go to Source
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Senator Lummis Proposes Bitcoin Strategic Reserve Bill to Bolster US Economy
At the Bitcoin 2024 conference, Republican U.S. Senator for Wyoming, Cynthia Lummis, introduced the “Bitcoin Strategic Reserve Bill” aimed at establishing a strong bitcoin reserve to mitigate the national debt and strengthen the economy. The bill proposes converting federal assets into bitcoin (BTC), capitalizing on its appreciating value without raising taxes. Bitcoin Reserve Bill Introduced … Read more
How high can BTC price go after Trump’s bullish Bitcoin speech?
A Bitcoin analyst predicts the cryptocurrency’s price could soar above $800,000 following Trump’s promise to integrate it into the US’s strategic reserves. Go to Source
Bitcoin 7-Day Hashrate Average Hits Record 677 EH/s, Surpassing May 25 High
According to recent data, bitcoin’s total hashrate achieved a record high this week, based on the seven-day simple moving average (SMA). On July 25, the hashrate, measured by the seven-day SMA, reached 677 exahash per second (EH/s), surpassing the 659 EH/s recorded on May 25. Bitcoin Hashrate Breaks Records Bitcoin’s hashrate has reached new peaks … Read more
Bitcoin Short-Term Holders See Relief as Prices Rebound, Glassnode Reports
Bitcoin prices have rebounded strongly, providing relief to short-term holders and leading to increased activity in perpetual futures markets, according to a report by onchain analytics firm Glassnode. The report highlights significant developments in market dynamics and the overall health of the cryptocurrency market. Glassnode Analysis Highlights Significant Gains for Bitcoin Short-Term Holders The latest … Read more
‘Feels surreal’ — Bitcoin sticks to $68K as market ignores 200K BTC US election pledge
BTC price gains fail to materialize as Donald Trump and others promise to build a giant Bitcoin strategic reserve if elected. Go to Source
Hong Kong legislator to discuss Bitcoin integration in fiscal reserves
By engaging with stakeholders and focusing on compliance, Wu aims to position Hong Kong as a leader in the adoption of Bitcoin and Web3 technologies. Go to Source
Bitcoin Bull Cycle Expected To Last Until Mid-2025, Says CryptoQuant CEO
According to the CEO of CryptoQuant, the current Bitcoin bull cycle is poised to continue until mid-2025. Historically, Bitcoin bull markets have seen old whales taking profits, which typically shifts capital into new accumulation addresses, effectively raising the realized price of Bitcoin. This profit-taking phase, lasting about 18 months, began four months ago in the … Read more
Institutional Investors Make Significant Moves In Ethereum Despite ETF Outflows
In 2024, Bitcoin has outperformed Ethereum in terms of market cap impact, with each dollar invested in Bitcoin boosting its market cap by $5, compared to just $1.30 for Ethereum. This suggests that new money flows exert a stronger influence on Bitcoin than on ETH. In 2024, every $1 invested in #Bitcoin increased its market … Read more
US Senator Hails Bitcoin’s Potential to Democratize Finance and Improve Financial Inclusion
Senator Tim Scott highlighted bitcoin’s potential to democratize finance and improve financial inclusion at the Bitcoin 2024 Conference. He criticized the Biden administration’s approach to digital assets and endorsed efforts to overturn restrictive SEC guidelines. Scott advocated for balanced regulation that encourages innovation without stifling growth or pushing it overseas. Senator Tim Scott Advocates for … Read more