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“# Bitcoin pinned below $38K as investors stash record $756 billion with Fed ” Bitcoin (BTC) suffered as investors moved a record amount of cash in Federal Reserve’s overnight facility after the central bank started paying interest on the money. The U.S. central bank received $756 billion via its reverse repurchase program from nearly 70…
“# Here’s why one analyst says Bitcoin will outperform Ethereum in the short term ” In terms of price potential, Bitcoin (BTC) is staring at the possibility of outperforming Ether (ETH) in the short term. So believes David Lifshitz, the chief investment officer at ExoAlpha, a Paris-based investment management service, who noted that Bitcoin’s upside potential…
“# Diversification into Bitcoin a ‘prudent move,’ says Bloomberg strategist ” Bitcoin (BTC) price has retreated by more than 40% after topping out near $65,000 in mid-April. But that is not enough to derail the flagship cryptocurrency’s long-term bull trend, especially as global markets grapple with declining national currencies and the prospect of a commodity…
“# Looming ‘death cross’ may put Bitcoin bull run in danger ahead of Fed meeting ” Bitcoin (BTC) wobbled around $40,000 as investors waited for the Federal Reserve to release its new set of economic projections on Wednesday. The market’s focus shifted on two important questions: will the United States’ central bank officials signal their…
“# 98% of CFOs say their hedge fund will invest in Bitcoin by 2026: Study ” Traditional hedge funds are willing to increase their exposure in Bitcoin and other cryptocurrency markets over the next five years, a new survey has found. Intertrust Global — an international trust and corporate management company — polled the chief…
“# Bull trap fears engulf Bitcoin market as BTC paints CME gap below $40K ” A run-up towards $40,000 in the Bitcoin market risked exhaustion as Chicago Mercantile Exchange’s futures opened on Monday, June 14 with a gap of $1,575, the first since May 17. In retrospect, the downside risks heightened due to Bitcoin’s recent…
“# New report: El Salvador Bitcoin pump failed to attract smart money, for now ” Bitcoin (BTC) logged its best daily performance on Wednesday since Feb. 8, the day Tesla announced that it had added $1.5 billion worth of BTC to its balance sheet. The flagship cryptocurrency surged 11.98% to $37,573 after El Salvador President…
“# Can a rising CPI boost Bitcoin? 3 reasons BTC price is rebounding above $36K ” Bitcoin (BTC) price reclaimed $36,000 heading into the New York session Wednesday as investors awaited fresh data on inflation in May and El Salvador approved a bill that made cryptocurrencies a legal tender in the country. Bull-market bottom? The…
“# Dogecoin frenzy forces UK fund manager to offload $1.1 billion Bitcoin stash ” United Kingdom-based fund manager Ruffer liquidated its $600M Bitcoin bet after growing nervous about the speculative frenzy in the cryptocurrency market, including huge rallies in meme-based tokens like Dogecoin (DOGE). The fund, which manages roughly $34 billion for wealthy clients and…
“# Bitcoin sell-off likely played a key role in boosting Gold’s appeal ” May was a testing time for cryptocurrencies like Bitcoin (BTC). The flagship digital asset was already wobbling after rallying to nearly $65,000 in mid April, owing to profit-taking sentiment among traders. Elon Musk accelerated the sell-off by reversing his company’s plans to…