Market Analysis
Bitcoin dipped below $100,000 as the Coinbase Premium hit a seven-month low, signaling weak US demand. Meanwhile, onchain data hints that short-term holders may be buying the dip.
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Bitcoin (BTC) Crypto News Today
Bitcoin (BTC) was invented by a pseudonymous individual or group named Satoshi Nakamoto in 2008 and is the world’s first enduring cryptocurrency that succeeded where decades of digital cash experiments failed.
Bitcoin’s monetary policy is enforced through a unique blend of software, cryptography and financial incentives rather than the whim of trusted third parties. The Bitcoin network is powered by a cryptographically secure, verifiable database called the blockchain — itself a technological phenomenon.
The Bitcoin ecosystem consists of a global network of stakeholders, including the miners that secure the network and drive the issuance of the Bitcoin currency, the traders who speculate on this radically market-driven asset, and the builders working to onboard people to the cryptocurrency paradigm.
At Cointelegraph, we are chronicling the ongoing story of Bitcoin and the rise of a borderless, permissionless financial system. What has changed since Satoshi wrote the Bitcoin white paper? How is Bitcoin trading developing over the years, what are the best ways of investing in Bitcoin, and how do Bitcoin futures influence blockchain adoption? How will industry stakeholders work to make Bitcoin a mainstay in people’s lives, and will incumbent and legacy systems accept or fight this change?
Stay tuned.
- News
The company continues to offer corporate debt securities and equities to finance its Bitcoin acquisitions despite recent troubles.
458 - Price Analysis
Bitcoin bulls have held the price above the critical $100,000 support level, but a shallow bounce increases the risk of a breakdown. Will altcoins gain ground while BTC searches for direction?
1007 - Market Update
Bitcoin sought a higher low while risking a breakdown of $100,000 support, as analysis said a BTC price rebound could come without much fuel.
1921 - News
Zcash tops privacy coins with a $10.6 billion market cap, outperforming Monero amid renewed investor demand for onchain anonymity.
2354 - Market Analysis
BlackRock and Fidelity led a rebound in spot Bitcoin ETF inflows on Thursday, as traders shifted their focus to the 50-week EMA at about $100,000.
2047 - News
Spot Bitcoin ETFs saw $240 million in inflows after six straight days of outflows, signaling a renewed wave of institutional demand for BTC.
2933 - News
Block Inc.’s third-quarter earnings missed analyst expectations on the top and bottom lines despite strong profit growth in its Cash App and Square businesses.
2289 - News
Bloomberg ETF analyst Eric Balchunas said it was “shocking” to see Schwab’s findings that crypto ETF investments could be on par with those in bond ETFs.
1800 - News
Bloomberg analyst Mike McGlone says Bitcoin hitting $100,000 is “a speed bump” to $56,000, but other analysts say Bitcoin has bottomed out.
3962 - News
Analysts at financial services giant JPMorgan forecast “significant upside” for Bitcoin over the next months in a report on Wednesday.
2870 - News
Stablecoins have emerged as a store-of-value asset in emerging market economies at a rate no one predicted, Wood said on Thursday.
4418 - Market Analysis
Bitcoin’s slide toward $100,000 accelerates as ETF outflows, weak earnings and macro uncertainty rattle traders, leaving bulls hesitant to reenter the market.
2184 - News
Current fiscal and monetary policies will cause hard asset prices to rise, but both are signs of late-stage economic decay, Dalio said.
3446 - Markets News
Over $100 billion in old Bitcoin has moved as spot ETFs see record outflows, igniting debate over whether true OGs or traders are driving the market sell-off.
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