Bitcoin traders celebrate ‘good news’ as BTC price trades above $56K
Bitcoin’s weekly close above a key support level is “good news” according to traders, and today’s rally to $56,500 could be a sign that the bottom is in. Go to Source
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Wealth advisers adopting BTC ETFs faster than any in history: Bitwise CIO
The CIO rebutted a more bearish take by investment researcher Jim Bianco, who noted that 85% of Bitcoin ETF uptake “is NOT from tradfi institutions.” Go to Source
Dormant Bitcoin Wallet From 2013 Springs to Life With $8M Transfer
On Monday, as bitcoin began bouncing back from its recent dip to $52,546 just three days earlier, a dormant bitcoin wallet suddenly sprang to life. For the first time since Nov. 20, 2013, the wallet moved 146.43 BTC, a stash now valued at just over $8 million. Old Bitcoin Wallet Transfers 146 BTC After Nearly … Read more
Graph Foundation Director: BTC Rally Fails to Rekindle Investor Interest in Crypto Startups
According to a director of a non-profit organization, investors’ growing interest in artificial intelligence (AI) may be diverting funds away from crypto startups. The director suggested that the diminished investor interest, even with a rising crypto market, supports this assertion. The director said the diminished interest could be due to a lack of awareness about … Read more
Japanese power giant TEPCO explores ‘green’ Bitcoin mining: Report
The company aims to prevent wasted renewable energy through curtailment and promote the widespread use of Bitcoin mining. Go to Source
Arthur Hayes predicts Bitcoin rally after closing short position
Bitcoin could start its rally next week, on a potential liquidity injection in the world’s largest economy. Go to Source
Westlake Police Issue Alert on Blackmail Scams Involving Bitcoin
Westlake Police are cautioning residents about a rise in blackmail scam emails. Scammers claim they have been monitoring recipients’ online activities and demand payment, typically in bitcoin or gift cards, to prevent exposing personal internet habits. These emails may appear highly personalized, using details like the recipient’s name, address, or even attaching photos of their … Read more
El Salvador marks three years of Bitcoin adoption with $31M profit
Despite widespread initial criticism, El Salvador is sitting on over $31 million worth of Bitcoin profit. Go to Source
Sub $50K Bitcoin correction remains in play as whales look to sell BTC
Bitcoin could experience more downward pressure leading up to the Sept. 18 US interest rate cut. Will it fall below $50,000 this weekend? Go to Source
Bitcoin traders brace for sub $52K BTC price as crypto and macroeconomic headwinds intensify
Bitcoin traders appear to be throwing in the towel and coming to terms with the reality that BTC price could fall below $50,000 in the short term. Go to Source