bitcoin - DigitalAssets (Page 6)

bitcoin

MicroStrategy Co-Founder Predicts Bitcoin's Potential to Reach $10 Million Per Coin and China's Full Embrace of Cryptocurrency

* Michael Saylor predicts Bitcoin will reach $10 million per coin. * Saylor believes Bitcoin offers economic immortality and corporate longevity. * He claims pre-Bitcoin economics is pseudoscience. * Saylor suggests companies investing in Bitcoin will outlast others. * He predicts China will embrace Bitcoin in the future. * Saylor asserts a single Bitcoin will be

bitcoin

German Authorities Sell Seized Bitcoin Assets, Impacting Cryptocurrency Market

* German government sells seized BTC, causing price drop Summary : German authorities have started selling their seized Bitcoin assets, causing concerns about potential impacts on the cryptocurrency market. The government has reportedly sold over $195 million worth of BTC in the past 24 hours and has moved even larger sums between

bitcoin

Winklevoss Twins Donate $2 Million in Bitcoin to Support Trump's Reelection

* Winklevoss twins donated $2 million in Bitcoin to Trump's campaign, exceeding legal limits. * Trump's campaign refunded the excess amount, citing federal law restrictions. * Gemini founders criticized Biden's administration for anti-crypto stance. * The twins support Trump as pro-Bitcoin, pro-crypto, and pro-business. * Trump's acceptance

banking

Japanese Banking Crisis and Bitcoin's Potential Rise

* Arthur Hayes predicts Japanese banking crisis will boost Bitcoin and crypto markets. * MetaPlanet buys 23.5 BTC, causing stock to rise 10% despite Bitcoin price drop. * Japanese banks plan to sell $63 billion in U.S. and European bonds by March 2025. * Hayes expects Bank of Japan to purchase bonds,

bitcoin

Bitcoin Miners Face Challenges Amid Rising Costs and Lower Rewards

* Bitcoin miners facing challengesOperational costs rising, rewards decreasing, hash rate slowing down. * 5% of mining hashrate strugglingMiners likely distributing holdings, not a complete firesale. * Hash ribbon inversion explained30-day hash rate average below 60-day, signaling mining difficulty. * Bitcoin halving impactRewards halved, miners turning off unprofitable rigs. * Miners selling coins to cover

bearish

Bitcoin Whales Cash Out $1.2 Billion in Profit, Exacerbating Bearish Momentum

* Bitcoin whales cash out $1.2 billion in profit over two weeks. * Old whales selling at higher prices, impacting market liquidity. * Whale moves $44 million in Bitcoin after a decade of dormancy. * Market bearish with 6.6% Bitcoin drop and $300 million outflows from ETFs. * Bitcoin whales accumulating coins at

bitcoin

Bitcoin Exchange Reserves Hit Three-Year Low, Indicating Potential Supply Shocks and Increased Institutional Interest

* Bitcoin exchange reserve hits 3-year low with 2,825,703 BTC left on exchanges. * Low exchange reserves indicate low selling pressure and potential supply shocks. * BlackRock's Bitcoin ETF holds 274,000 BTC, contributing to supply pressure. * $73 billion in Bitcoin held by investment vehicles globally, with $2 billion

bitcoin

Crypto Market Dips as Bitcoin and Ether Experience Minor Declines

* Bitcoin and ether fell by around 1% over 24 hours. * Bitcoin dropped to just below $66,000, near the low end of its trading range. * U.S.-listed bitcoin miners reached a record market cap of $22.8 billion. * The Financial Stability Board will further examine challenges posed by stablecoins.

bitcoin

Privacy-Focused Bitcoin Wallet Founders Indicted for Money Laundering and Unlicensed Operations

* Samourai Wallet provided open-source code and transparent services. * Despite compliance with laws, founders were indicted and assets seized. * FinCEN guidelines show Samourai Wallet is not a money transmitter. * Charges against Samourai Wallet founders are conspiracy charges. * US government's strategic campaign against privacy impacts Bitcoin users. * Support Samourai Wallet

bitcoin

Digital Asset Exchange-Traded Products Experience Largest Outflow Since March 22, Bitcoin Hit Hardest

* $600 million outflows from digital asset ETPs and funds last week. * Bitcoin investment vehicles saw $621 million in outflows. * Altcoins like Ether and XRP saw inflows despite overall outflows. * Total digital assets under management declined from $100 billion to $94 billion. * Experts believe institutional adoption of digital assets is still

bitcoin

Cryptocurrency Fluctuations Lead to $290 Million in Liquidations, as Institutional Investors Lose Confidence

* Bitcoin, Ethereum, and Dogecoin prices stable despite $290 million in liquidations triggered by price spikes. * Ethereum led liquidations with $58.9 million, followed by Dogecoin with $44 million in long positions liquidated. * Fed's hawkish stance led to $600 million outflows in crypto ETPs, worst since March. * Bitcoin down

bitcoin

The Rise of Crypto ETFs and Potential Risks

* Wall Street's "greed" will drive more crypto ETFs, predicts Tether and WAX co-founder. * SEC's approval of Bitcoin ETFs in the U.S. signals mainstream crypto market integration. * Ethereum ETFs approval expected by end of summer, says SEC Chairman Gary Gensler. * Traditional finance's