Bitcoin’s New All-Time High Is ‘Not Speculative Excess,’ Glassnode Says

The cryptocurrency first rallied to a fresh all-time high of $125.5K early Sunday morning and set a new $125.8K record on Monday afternoon. Is Bitcoin’s Rally Sustainable? Onchain Data Suggests It Is Coinmarketcap data shows that bitcoin ( BTC) quietly climbed past its previous high of $124,457.12 early Sunday morning and notched a fresh record … Read more

Bitcoin Nears All-Time High On Third Day of Government Shutdown

The cryptocurrency has rallied ever since the U.S. Federal government shut down at midnight on Wednesday due to partisan fiscal squabbling. Federal Impasse Pushes Bitcoin Toward Record High It’s day three of the federal government shutdown, but one couldn’t tell by looking at the markets. Stocks are mostly up, except for a few tech companies … Read more

Bitcoin Breaks $120K as ‘Uptober’ Phenomenon Repeats

The month of October boasts bitcoin’s highest median return and almost always performs better than any other month. History Rhymes: Bitcoin Tops $120,000 in Seasonal Rally Revival October is the month when bitcoin bulls run, at least that’s what performance data from Coinglass shows. For the past twelve years, bitcoin has printed a positive return … Read more

Bitcoin Shoots up as US Government Shuts Down, and Private Sector Employment Falls

The U.S. Federal government officially shut down at midnight Wednesday after Congress failed to pass a temporary spending bill. Government Shutdown and Surprise Private Sector Jobs Data, Send Investors Fleeing to Bitcoin The U.S. Federal government machinery came to a grinding halt at midnight on Wednesday after Senate Republicans and Democrats failed to pass a … Read more

Bitcoin Reclaims $110K As Inflation Holds Steady

The cryptocurrency climbed to $110K after the U.S. Bureau of Economic Analysis published its personal consumption expenditures report on Friday. BTC Inches Upward After Tepid Inflation Report The Bureau of Economic Analysis released a relatively uneventful personal consumption expenditures (PCE) report on Friday, showing a 0.3% rise in prices for August, bringing the annual inflation … Read more