BTC

Bitcoin (BTC) has been on the verge of blowing through the top of its bull flag on several occasions. However, the price was rejected every time. Will this time be different? Bitcoin biggest benefactor from global liquidity According to renowned analyst Lyn Alden, during any 12-month period, Bitcoin has the highest correlation with global liquidity than any other asset. With global liquidity on the rise, as world central banks start to cut interest rates, Bitcoin is very likely to be…

New York, NY, September 17th, 2024, Chainwire tBTC on EigenLayer offers users new restaking opportunities to earn rewards as Bitcoin demand outpaces other crypto markets EigenLayer’s adoption of tBTC spotlights tBTC’s role as one of the most decentralized assets for securely growing the BitcoinFi ecosystem  Threshold Network, the DAO behind tBTC, the first decentralized asset bridging Bitcoin and Ethereum, announced that EigenLayer, the restaking protocol built by Eigen Labs, has officially started accepting tBTC deposits, making tBTC the first incentivized bitcoin…

Bitcoin (BTC) sank marginally lower, failing to stay above the psychologically crucial $60,000 level. BTC has struggled with adverse market conditions and a challenging environment, failing to regain momentum and trading largely between $53,000 and $60,000 for several weeks. BTC’s failure to hold on to $60,000 indicates demand is drying up at higher levels, with investor hesitation peaking.  Some analysts believe BTC’s price action will be challenging to call following the Fed’s rate cut decision. Analysts state that BTC could…

With the Federal Reserve expected to announce a 50 basis points rate cut in their meeting on Wednesday, the price of Bitcoin (BTC) is likely to be very volatile. Will this be the signal for Bitcoin to start climbing higher? Bigger Fed rate cut looking more likely The chances of a 50 basis points rate hike, to be announced in the Federal Reserve FOMC meeting on Wednesday, have grown impressively over the past few days. Market expectations have swung dramatically,…

Data shows that the sentiment of the Bitcoin market has switched to fear after the retrace. BTC has seen a $58,000 level during the past day. Bitcoin Fear & Greed Index Is Pointing At ‘Fear’ Now The “Fear & Greed Index” is an indicator created by Alternative that tells us about the general sentiment among the investors in the Bitcoin and the wider cryptocurrency market. Market sentiment can be helpful to follow as it can reflect the cryptocurrency’s price. It…

Virginia-based software company MicroStrategy has announced a $700 million convertible bond offering to boost its Bitcoin reserves and pay down debt. The offering, targeting qualified institutional buyers, will mature in 2028. The firm expects it will raise significant capital to redeem $500 million in existing debt while acquiring more Bitcoin. From Boardrooms to Kingdoms: Bitcoin Adoption Grows Worldwide The notes will bear interest payable semi-annually and will be convertible into cash, MicroStrategy shares, or both. Additionally, MicroStrategy intends to use…

Bitcoin (BTC) saw considerable fluctuations over the weekend. It briefly pushed above $60,000 as market sentiment showed signs of shifting, resulting in a temporary jump of 6%.  BTC is currently down almost 3%, slipping below $60,000 during early trading. Meanwhile, Ethereum (ETH) fell below $2,300 as trading began, dropping as low as $2,259 and almost 6% over the past 24 hours.  Other major cryptocurrencies, including Carnado (ADA), Dogecoin (DOGE), Toncoin (TON), Polkadot (DOT), Uniswap (UNI), Solana (SOL), and FET have…

Bitcoin (BTC) is holding above the $58,000 support. This week will confirm the first rate cut by the Federal Reserve, signalling a pivot into a looser monetary cycle. The U.S. dollar is continuing to weaken, and gold has taken advantage. Will Bitcoin now follow gold’s lead? First rate cut to be made on Wednesday A very uncertain economic environment still pervades across the globe, and political incertitude continues amid the latest unsuccessful assassination of presidential hopeful Donald Trump. However, high…

The crypto market has been under pressure lately, with Bitcoin (BTC) facing resistance and signs of seller exhaustion emerging. Amid this uncertainty, analysts believe Dogecoin (DOGE) and an Ethereum-based token are positioned for a significant run. But what is the investor attraction to these digital assets? Let’s discuss Bitcoin’s potential seller exhaustion and why experts are bullish on Dogecoin and this Ethereum token as the market prepares for a breakout! Bitcoin Shows Signs of Seller Exhaustion: Is a Rebound Coming?…