Texas has officially joined the growing number of states adding Bitcoin to their investment portfolios. This move diversifies the state’s finances and positions Texas as a leader in exploring cryptocurrency as a treasury asset. How Texas Will Manage its Bitcoin The new law, SB 21, creates a Bitcoin reserve that operates independently from the state…
Bitcoin’s price has been pretty stagnant lately. While it briefly hit $108,000 earlier this week, it’s mostly hung out between $103,000 and $106,000. It’s stayed above $100,000 since early May, but hasn’t really gained much momentum. Let’s dive into why that might be. Technical Indicators Point to a Potential Drop Analyst Burak Kesmeci predicts Bitcoin…
Bitcoin’s recent price dip below $103,000 highlights the market’s volatility. While it’s still up over 600% since November 2022’s crash, the question remains: what’s driving the price, and what are the risks? Crypto analyst Miles Deutscher offers some insights into a key factor: Bitcoin treasury companies. What are Bitcoin Treasury Companies? These are companies holding…
A Connecticut man, Veer Chetal, is cooperating with the feds after pleading guilty to his part in a massive Bitcoin heist. He’s one of three men accused of stealing $243 million worth of Bitcoin (4,100 BTC) from a victim in Washington, D.C. last August. The Scam Authorities say the trio used a sophisticated social engineering…
Nassim Taleb, the author of “The Black Swan,” claims the US dollar is no longer the world’s top reserve currency. He believes gold has taken its place. The Dollar’s Downfall? Taleb, in a recent Bloomberg interview, argued that the dollar’s reliability as a safe haven is crumbling. He pointed to people’s preference for stock market…
Tom Lee, head of research at Fundstrat, believes the Federal Reserve might be forced to cut interest rates soon. He thinks the Fed’s aggressive tightening could backfire. A Potential Economic “Accident” Lee is worried the Fed might react too slowly to a weakening economy. He’s particularly concerned about the housing market, which he says is…
A popular crypto analyst, DonAlt, predicts a massive Bitcoin price surge, comparing it to gold’s price action in 2024. He believes Bitcoin is poised for a parabolic rally. Bitcoin’s Gold Standard? DonAlt, who boasts a large YouTube following, points to gold’s performance earlier this year. Gold struggled to break through the $2,100 resistance level several…
Bitcoin’s been on a bit of a rollercoaster lately. Let’s break down what’s happening. Bitcoin Below the 50-Day Moving Average Bitcoin has dropped below its 50-day moving average (50MA). This is a significant technical indicator. The 50MA shows the average price over the past 50 days. Staying above it usually means things are bullish (good!),…
Bitcoin’s price has been pretty flat lately, but something interesting is happening in the futures market. This could signal a big shift, potentially wiping out the bears. A Strange Spike in Liquidations CryptoQuant analyst Axel Adler Jr. noticed a huge jump in “long liquidation dominance.” This means a lot of traders betting on Bitcoin going…
Bitcoin exchange-traded funds (ETFs) in the US have been attracting a lot of investor money lately, even though the price of Bitcoin itself has been struggling. This is a bit unusual, as ETF performance usually follows Bitcoin’s price closely. A Billion-Dollar Week for Bitcoin ETFs Last week was a good one for US Bitcoin ETFs,…
