Elon Musk plans to establish a new party called ‘America Party’ to challenge the two-party system in the U.S. He claims the party will support Bitcoin, as he deems fiat to be ‘hopeless.’ On July 7, the tech billionaire and social media platform owner declared on his official X account that his new ‘America Party’…
Bitcoin and most altcoins remained in a tight range last week, despite rising exchange-traded fund (ETF) inflows and top US indices, such as the Nasdaq 100 and S&P 500, reaching a record high. Bitcoin (BTC) rose above $110,000 for the first time in a month and then pared back those gains, ending the week at…
Bitcoin price was stuck in a tight range on Saturday, July 5, as the recent recovery faded during the US Independence Day Weekend. Bitcoin (BTC) was trading at $108,000, lower than this week’s high of $110,000, and 10% above the lowest point this month. Spot Bitcoin ETFs continued their strong performance this week, with their…
Bitcoin is showing signs of strength heading into July, with low volatility, steady demand, and historical trends suggesting the price could soon make a sharp move higher. A July 4 report from Matrixport suggests that if seasonal trends continue and capital flows stay consistent, Bitcoin (BTC) could reach $120,000 this month. According to the report,…
Bitcoin may be entering the final phase of its current bull cycle, with a potential market peak just months away, according to market analyst Rekt Capital. In a recent breakdown, the Bitcoin (BTC) analyst compared the current market structure to past halving cycles, using historical timeframes to estimate where Bitcoin stands. His analysis is based…
More than $1 billion in BTC was moved from a long-dormant “Satoshi era” wallet, reactivated just as Bitcoin edges toward a new all-time high. According to blockchain analytics platform Spot On Chain, the wallet moved 10,000 BTC, valued at approximately $1.09 billion, to a new address after lying untouched for 14.3 years. On-chain records indicate…
Bitcoin may see a spike in short-term price swings as nearly $3 billion worth of options contracts approach expiration on July 4. According to data from Deribit, the leading crypto options exchange, these contracts are set to expire at 08:00 UTC, with the “max pain” price currently pegged at $106,000. This price level reflects the…
Strategy’s high-stakes bet on Bitcoin has earned praise across the industry, but that same bold mission may now be brewing legal troubles for the firm. A class-action lawsuit filed in the U.S. District Court for the Eastern District of Virginia is targeting the company and some of its top executives, including founder and executive chairman…
The IMF has declined Pakistan’s bid for subsidised electricity for crypto mining, despite earlier plans to allocate 2,000 megawatts of surplus power to the sector. In a session with the Senate Standing Committee on Power, chaired by Senator Mohsin Aziz, Secretary of Power Dr. Fakhray Alam Irfan outlined the government’s recent efforts to negotiate subsidised…
BlackRock continued its aggressive Bitcoin accumulation through June, adding billions to its holdings as demand for its spot ETF showed no signs of slowing down. According to blockchain intelligence platform Arkham, BlackRock ramped up its Bitcoin purchases in June, accumulating approximately $3.85 billion worth of BTC over the course of the month. The billion-dollar acquisition…
