Cryptocurrency
Standard Chartered Says $100K Bitcoin Year-End Target May Be ‘Too Low’
Standard Chartered’s Geoff Kendrick said Bitcoin could move toward its $126,000 all-time high after Oct. 6 as spot Bitcoin ETF inflows recover.
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Cryptocurrency
$1.2B Wiped out: Bitcoin Squeeze Returns Strategy to Profit
Key TakeawaysBitcoin surpassed $79,000 on Friday as mounting U.S. debt fears over $40 trillion boosted alternative assets.Over $1.22 billion in short positions were wiped out across crypto markets, aiding Strategy’s profitability.Prediction market traders heavily favor bitcoin breaching $80,000 next,...
Cryptocurrency
Bitcoin Passing $75,400 Puts Strategy BTC Treasury Back In Profit
Bitcoin (BTC) hit $77,000 on Friday as business intelligence company Strategy’s corporate treasury returned to profit.Key points:Bitcoin reaches its highest level since May 26 as it revisits $77,000.Price returns above the cost basis for Strategy’s BTC corporate treasury at...
Cryptocurrency
Bitcoin Price Breaks Above 200-Day Moving Average
The BTC price reclaimed its 200-day moving average for the first time in nine months as its rally gained momentum after the US Treasury expanded its bond buybacks.Source link
Cryptocurrency
U.S. CFTC chief puts staff on notice to create crypto regulations if Clarity Act fails
Commodity Futures Trading Commission Chairman Mike Selig told the inaugural gathering of the Innovation Advisory Committee that his agency won't sit idle.
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Cryptocurrency
Ethereum Jumps 18% As Spot Volume Surges Across Exchanges
Ethereum surged 18% intraday as spot trading volume jumped sharply across major global exchanges, putting ETH back at the center of the market’s risk-on move.
Market data showed ETH trading near the $2,500 level during the rally, with spot volume...
Cryptocurrency
Bitcoin Miners Spend Billions on AI as Revenue Lags
Public Bitcoin miners are spending billions chasing artificial intelligence and high-performance computing revenue, though returns have yet to keep pace, underscoring the massive upfront investment required to diversify beyond Bitcoin mining.In its latest Miner Weekly newsletter, BlocksBridge Consulting reported...