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Bitcoin technical charts and encouraging US macroeconomic data could trigger a rally to $115,000. Key takeaways: Bitcoin investor sentiment hits a 7-month high, with a bullish pennant forecasting a rally to $115,000. Today’s CPI print and the chance for a lower-than-expected PPI on June 12 could drive BTC price higher. Read more If you liked…
As government overreach and institutional interests reshape the blockchain landscape, it’s time to return to Bitcoin’s founding vision: a truly decentralized, immutable currency free from state and corporate control. Opinion by: Dr. K, co-founder of Quai Network While Bitcoin was intended to enable people to opt out of state-centralized money systems, the blockchain industry has…
As government overreach and institutional interests reshape the blockchain landscape, it’s time to return to Bitcoin’s founding vision: a truly decentralized, immutable currency free from state and corporate control. Opinion by: Dr. K, co-founder of Quai Network While Bitcoin was intended to enable people to opt out of state-centralized money systems, the blockchain industry has…
Connecticut has joined the growing number of US states rejecting the notion of a state Bitcoin reserve, prohibiting government entities from making crypto investments and payments. Connecticut lawmakers unanimously passed a bill prohibiting state and local government divisions from accepting cryptocurrency payments and holding crypto assets. The House Bill 7082, titled “An Act Concerning Various…
Bitcoin reached $110,000 on June 11, prompting predictions for a further rally to new all-time highs, including $1 million BTC price calls. Key points: Bitcoin is up 10% since June 5, hitting $110,000 on June 11. Analysts predict BTC could reach $120,000-$150,000, while Michael Saylor is eyeing $1 million. Read more If you liked the…
Bitcoin Core dev Gloria Zhao says the data limit for OP_RETURN will be raised in October, infuriating several Bitcoin users who prefer images, text and audio to stay off the blockchain. An upcoming Bitcoin software update will increase the data limit on a divisive function that will allow significantly more images, text and documents to…
The Bank of Japan’s June meeting could trigger a Bitcoin rally if it restarts quantitative easing, as bond yield concerns push institutions toward BTC as a hedge. The Bank of Japan’s (BOJ) upcoming monetary policy meeting in June may provide the next significant catalyst for global risk assets like stocks and cryptocurrencies. The BoJ is…
The crypto market is up today, reflecting investors’ optimism for a possible continued rally amid increasing institutional demand for cryptocurrency investment products. Key points: The crypto market is up 3.9% on June 10, with its capitalization rising to $3.41 trillion. Continued capital inflow into crypto investment products is boosting investor confidence. Read more If you…
Bitcoin price recovers above $109,000 as multiple BTC market metrics show an improvement in investor sentiment. Key points: Bitcoin gained 3.6% to above $109,000 on June 10, fueled by US-China trade talks and high open interest in the futures market. A BTC price bull-flag is in play on the chart, targeting $158,000. Read more If…
Bitcoin’s correlation to stocks and uncertainty about the future of the US economy could cap BTC price gains below $110,000. Key takeaway: Bitcoin price gains above $110,000 could be capped by BTC’s correlation to stocks and US recession fears. Bitcoin (BTC) rose 3.5% between June 7 and June 9, approaching the $108,500 mark. Despite this…