Bitcoin price held steady on Saturday, reaching a high of $70,000 for the first time in days, even as a partial government shutdown started in the United States. Summary Bitcoin price rose to $70,000 as the recent recovery continued. The US government experienced a new partial shutdown. Technical analysis suggests that Bitcoin price may rebound….
ProCap Financial chairman Anthony Pompliano predicted Bitcoin will benefit from a “monetary slingshot” as the Federal Reserve prints money to combat deflation. Summary Pompliano sees Bitcoin gaining after deflation triggers money printing. BTC drop to $70K tests long-term debasement thesis for holders. Gold leads now, but Bitcoin may win in post-deflation phase. Speaking on FOX…
BlockTower founder Ari Paul believes the crypto markets are at a critical crossroads, facing two potential outcomes. Summary The market may have already reached its peak, with slow real-world adoption and mixed results from initiatives like El Salvador’s Bitcoin experiment. Despite the downturn, Bitcoin and crypto remain attractive to speculative investors, with growing development and…
Bhutan has sold another 100 Bitcoin worth approximately $6.7 million, according to blockchain analytics platform Arkham Intelligence, which flagged the transaction in a recent post. Summary Bhutan sold another 100 BTC worth about $6.7 million, marking its third consecutive week of Bitcoin transfers, according to Arkham Intelligence. On-chain data shows structured, repeated deposits to a…
Bitcoin price is facing renewed pressure after on-chain data flagged by Lookonchain revealed that a major whale has moved roughly 10,000 BTC to Binance over the past two days, raising concerns of potential selling activity. Summary Lookonchain flagged a Bitcoin whale moving nearly 10,000 BTC to Binance over two days, raising concerns of potential sell…
South Korea’s Gangnam Police Station has confirmed that 22 Bitcoins worth about ₩2.1 billion (roughly USD 1.6 million) were lost from police custody, authorities said on Friday. Summary Gangnam Police Station confirmed that 22 Bitcoin worth about $1.6 million have gone missing from custody after being seized in a 2021 investigation. The coins were discovered…
A U.S. federal court has sentenced the chief executive of a crypto trading and multi-level marketing firm to 20 years in prison for orchestrating a massive Bitcoin-based Ponzi scheme that defrauded tens of thousands of investors worldwide. Summary Ramil Ventura Palafox, CEO of Praetorian Group International, was sentenced to 20 years in prison for running…
Bitcoin price trades near $68,000 as $2.5 billion in BTC options expire today, placing $74,000 max pain at the center of market focus. Summary Bitcoin has been on a downtrend in February, falling nearly 50% from its all-time high. $2.5B in BTC options expire today with a put/call ratio of 0.72 and max pain at…
Bitcoin’s recent price decline has prompted market analysts to assess whether a price floor is forming, with one prominent on-chain researcher stating the risk-reward profile has shifted following the selloff. Summary “Checkmate” Check suggests Bitcoin has entered “deep value” territory. Recent selloff capitulation losses resemble those seen at 2022 cycle lows, indicating a potential market…
The Bitcoin price has already crashed by nearly 50% from its all-time high, and a top long-term bull believes there is more downside to come in the near term. Summary Bitcoin price has slumped from the all-time high to $66,000. Standard Chartered warned that the coin may drop to $50k. Technical analysis suggests that the…
