Arthur Hayes predicts Bitcoin rally after closing short position

Bitcoin could start its rally next week on a potential liquidity injection in the worlds largest economy.

View Details

Bitcoin traders brace for sub $52K BTC price as crypto and macroeconomic headwinds intensify 

Bitcoin traders appear to be throwing in the towel and coming to terms with the reality that BTC price could fall below $50,000 in the short term.

View Details

Coinbase to add proof of reserves to Bitcoin wrapper cbBTC

Adding proof of reserves will head off concerns about Coinbases perceived lack of transparency.

View Details

Bitcoin May Peak Around $200,000 In Next 18 Months: CleanSpark CEO Tells Why

Zach Bradford, CEO of Bitcoin (BTC) mining firm CleanSpark, has predicted that the premier cryptocurrency may peak close to $200,000 this cycle. Bradfords Bullish Take On BTC Price In an interview with research and brokerage firm Bernstein, CleanSparks CEO noted that historically, post-halving periods have led to several positive adjustments for BTCs price.  It should be recalled that Bitcoin underwent its fourth halving in April 2024, when its block confirmation rewards were slashed from 6.250 BTC to 3.125 BTC. In a note to clients shared today, Bradford remarked: Based on my current analysis, I believe we could see bitcoin peak just under $200,000, sometime in the next 18 months. Thatll likely be a peak. But I do think well see a rapid jump, and then hopefully, an extended elongated period of it being up before we revisit a bear cycle. Related Reading: Historical Trends Put Bitcoin At $400,000 With Shocking Timeline Bradford stressed that he sees Bitcoins extended flat period as a positive sign. It indicates that a sustained rally to the upside may last longer than usual. However, he cautions that this depends on macroeconomic events and other relevant factors. Adding to his comments, Bradford said he expects a considerable push in BTC price post-election through January 2025. Subsequently, this could help Bitcoin miners with efficient cost structures expand their profit margins. Interestingly, the CleanSpark CEO doesnt think its important who wins the US presidential elections in November 2024. Rather, the reduction in electoral uncertainty after the elections will help investors place more confidence in risk-on assets such as Bitcoin. Bradford opined that the US Federal Reserve (Fed) was late in cutting interest rates after hiking them over the past two years. He concluded that to correct its delayed action, the Fed might cut rates more aggressively in the next 15 to 16 months, leading to further BTC price appreciation. Bitcoin Price Looks For Further Upside, But Challenges Remain After hitting a low of nearly $53,900 on September 6, Bitcoin has rebounded by nearly 10% on the back of multiple positive developments, such as the Fed cutting interest rates by 50 basis points (bps), and increased net daily inflows to ETFs. Related Reading: Bitcoin Set For Biggest September Gains In A Decade: Heres Why Crypto analysts believe that there is room for further upside in Bitcoin price. For instance, analysts from 10x Research predict that BTC may reach $70,000 in the coming two weeks, followed by a new all-time high (ATH) price. However, there are reasons to temper this optimism. For example, the recent Bitcoin rally has been accompanied by a rapid increase in open interest, indicating the possibility of high price volatility in the near term. Similarly, another analyst highlighted the greater increase in derivatives trading compared to spot trading as a cause for concern regarding a healthy Bitcoin price trajectory to the upside. Bitcoin trades at $63,710 at press time, down 3.2% in the past 24 hours. Featured image from Unsplash, Chart Tradingview.com

View Details

Fed Rate Cuts May Not Boost Bitcoin Prices as per Arthur Hayes

View Details

Bitcoin (BTC) Faces Volatility as US Interest Rate Decisions Loom

Bitcoin's (BTC) price may experience significant changes as the US Federal Reserve's interest rate decisions approach, according to Bitfinex Alpha. (Read More)

View Details

Bitcoin monthly close, fresh bullish narratives lead BTC traders to aim for new price highs

Bitcoins monthly close could reverse a 6-month-long downtrend and signal traders intent to push BTC price to new highs. 

View Details

Bitcoin Set For Biggest September Gains In A Decade: Heres Why

Bitcoin (BTC) looks poised to record its best September in a decade, surging past $65,000. This uncharacteristic price appreciation could be attributed to several key factors. Reasons Behind Bitcoins Impressive September Gains Historically, September has consistently been the worst month for BTC in terms of price performance. However, the apex cryptocurrency is now on track to post its best September in at least a decade, driven by several macroeconomic developments. Related Reading: Bitcoin Could Top At $400,000 Based On This Model, Analyst Says On September 18, the US Federal Reserve (Fed) initiated its interest rate cut cycle for the first time in four years, slashing rates by 50 basis points (bps) in response to slowing inflation and rising unemployment.  The rate cut immediately impacted risk-on assets, including BTC, which has appreciated by over 10% since the cut. In comparison, Bitcoins average price decline in September over the past decade has been 3.45%, according to the chart below from CoinGlass. According to the Fed’s decision, the European Central Bank (ECB) and the Peoples Bank of China (PBoC) lowered borrowing costs to stimulate their respective economies. This further propelled BTCs price towards its previous highs. Bitcoin halving is another key factor that could now be starting to show its effect on the digital assets price action. Bitcoin underwent its halving earlier this year in April, reducing block confirmation rewards for miners from 6.25 BTC to 3.125 BTC. Past data indicates that halving has typically been a bullish trigger for Bitcoin due to the resulting supply scarcity. For instance, in May 2020, BTC price rose from roughly $8,900 before the halving to more than $64,000 by April 2021 – an 8x price surge in less than a year. Meanwhile, US spot Bitcoin exchange-traded funds (ETFs) continue to witness rising interest from retail and institutional investors alike, as they recorded $365.57 million in total net daily inflows on September 26, the largest since late July. Since their launch, the cumulative net inflow for Bitcoin ETFs now totals $18.31 billion. Cautious Optimism Key To Riding The BTC Wave While BTC appears to have shaken off its typical September slump, its worth highlighting that the leading digital asset still needs to overcome certain important price levels before hitting a new all-time-high (ATH). Related Reading: Here Is Why The Bitcoin Bull Run Hasnt Started, According To Analyst As previously reported, Bitcoins relative strength index (RSI) fell below 80 on the monthly chart, signaling that the cryptocurrencys bullish momentum might fade after an enthusiastic buying spree. In addition, a recent report by crypto exchange Bitfinex noted that despite Bitcoins recent upward movement, it must decisively overcome a strong resistance level of $65,200 to continue its positive momentum. The good news for bulls is that BTC is holding steady at $65,674, up 2% in the last 24 hours. Featured image from Unsplash, Charts from CoinGlass.com and Tradingview.com

View Details

Proof of Reserves: Show Me the Money, Or It Didnt Happen

Why Proof of Reserves is a critical piece of infrastructure for any custodial services built on top of Bitcoin.

View Details

Bitcoin (BTC) Reclaims Key Levels Amid Federal Reserve Rate Cut

Bitcoin has reclaimed the Short-Term Holder cost basis of ~$61.9k following a 0.5% interest rate cut by the Federal Reserve. (Read More)

View Details

Bitcoin poised for potential rally as FTX payout looms and Fed shifts

The latest 10x Research report examines macroeconomic factors and seasonal patterns hinting at a Bitcoin rally while cautioning investors on potential risks.

View Details

21.cos Bitcoin wrapper to add Chainlink proof of reserve

The integration comes as other Bitcoin wrappers face scrutiny for custody practices. 

View Details

Gold hits new all-time high as Bitcoin rallies to September high above $64K

Gold has gained more than 5% in two weeks, reaching a record high driven by rate cuts and geopolitical tensions.

View Details

Bitcoin leads $321M crypto inflows following Fed rate reduction

Digital asset investment products posted a second consecutive week of inflows last week, totaling $321 million, CoinShares reported.

View Details

Bitcoin, Ethereum ETF Recap: What Was US Investors Strategy During Feds Rate-Cut Week?

The spot Ethereum ETFs have seen two consecutive days of net inflows.

View Details

Crypto and Equities React to Fed Rate Cut: Euphoria or Overhyped Rally?

The Federal Reserve has finally delivered the long-anticipated rate cuts traders wanted, marking the first cut since the pandemic’s onset 4.5 years ago. Immediate responses were swift and strong, with both the cryptocurrency and stock markets initially reacting in positive ways. Impact on Traditional Markets and Cryptocurrency Santiment report points out is that immediately after […]

View Details

Bhutans $750M revenue from Bitcoin mining sets model for developing nations

Bhutans experience with mining Bitcoin could serve as a powerful example for other developing nations that seek to improve their economies. 

View Details

Ethereum Poised For A Comeback Following Interest Rate Cut: Steno Research

According to Steno Research, Ethereums (ETH) days of underperformance against the wider crypto market might be numbered following the US Federal Reserves (Fed) decision to cut interest rates. Its Time For Ethereum To Shine Again Regarding price appreciation, ETH hasnt had a particularly impressive 2024. While Bitcoin (BTC) and altcoins like Solana (SOL) and Tron (TRX) have witnessed considerable price gains, ETH is still trading at its January 2024 price levels. Notably, the second largest digital asset by market cap has tumbled 48% against Bitcoin since the Ethereum merged on September 15, 2022. Related Reading: Ethereum Price Reaches $2,500 Again: Will The Uptrend Hold? For the uninitiated, the Ethereum merge was a major milestone for the leading smart contract platform as it not only changed its consensus mechanism from Proof-of-Work (PoW) to Proof-of-Stake (PoS) but also razed down the issuance of new ETH from 4% to 1% annually. As a result, there has been a net negative ETH supply growth with more ETH being burned through transaction fees than issued to stakers. Ethereums unimpressive performance against Bitcoin can be confirmed from the following chart, where the ETH/BTC trading pair has fallen to 0.04, eroding all its gains against the flagship cryptocurrency since April 2021. However, a recent report by Steno Research opines that its time for Ethereum to come back.  According to the report, the Feds decision to slash interest rates might be the fuel that propels ETHs price surge in the coming months. The report references ETHs performance during the last altcoin season, where it more than doubled in value compared to BTC in less than two months.  This sudden growth was powered by a sharp increase in on-chain activity stemming from rising interest in ecosystems such as decentralized finance (DeFi), non-fungible tokens (NFT), and higher issuance of stablecoins. In a post on X, Mads Eberhardt, Senior Cryptocurrency Analyst at Steno Research, said: Lower interest rates -> More on-chain activity -> Greater Ethereum transactional revenue -> Lower ETH supply growth -> Higher ETH price. Let’s go. Several Reasons For Ethereums Underperformance Additionally, the report mentions that Ethereum exchange-traded funds (ETFs) will likely outperform Bitcoin ETFs. Discussing the major reasons why BTC has overshadowed ETH until now, Eberhardt notes: The impact of U.S. spot ETFs for both bitcoin and ether, the persistent buying pressure from MicroStrategy (MSTR), and a notable decline in Ethereum’s transactional revenue in recent months. Related Reading: Ethereum In 2021 Vs. 2024: Fractal Suggests Major Breakout In Q4 Despite the headwinds it has faced, investor confidence in Ethereum continues to be strong. In a recent report, crypto exchange Bitwises CIO called Ethereum the Microsoft of blockchains, hinting it might come back by year-end after the November US presidential elections. ETH trades at $2,543 at press time, up 4.3% in the past 24 hours. Featured image from Unsplash, Charts from Etherscan.io and Tradingview.com

View Details

JPMorgans Caution on Fed Rate Cuts Effects Sparks Market Uncertainty

View Details

Looser Fed policy, global macro trends point to bullish outlook for Bitcoin Analysts

Bitcoin may be decoupling from concerns about a US recession and aligning more closely with the US dollars performance and signs of easing monetary policy, according to ETC Group. 

View Details