Bitcoin’s price has increased by 8% since March 11, partly due to large investors buying in with leverage, pushing margin positions on Bitfinex to their highest since November 2024. Currently, these long positions stand at $5.7 billion, indicating strong investor confidence despite recent price losses. Some analysts suggest a close link between Bitcoin’s price and ...
Bitcoin’s recent decline followed a disappointing executive order from US President Donald Trump, which aimed to create a Strategic Bitcoin Reserve but failed to excite the markets. Initially, Bitcoin’s price dropped from over $90,000 to about $84,600, later stabilizing around $87,000. The order emphasized that the government would only use Bitcoin acquired through forfeiture cases, ...
A recent study by the Bank of Israel reveals strong interest in a digital shekel, with 34% of Israelis expressing high enthusiasm for a central bank digital currency (CBDC). An additional 17% show moderate interest, while 37% are less interested. Older individuals, particularly those over 60, exhibit the highest interest levels. The survey indicates that ...
In a recent episode of The Indicator from Planet Money, the fascinating world of memecoins is explored, focusing on a beloved internet squirrel that has transitioned into the cryptocurrency arena. The show discusses how this charming character and others, including former President Trump, are leveraging their online fame to make money. It offers insights into ...
Bitcoin’s price movements are closely tied to a key labor Market report from the U.S., set to be released on February 7. Analysts believe that the report will significantly influence investor sentiment. A strong jobs Market may lead to less likelihood of immediate interest rate cuts by the Federal Reserve, potentially causing Bitcoin prices to ...
Bitcoin’s price has hit a pause, standing at around $104,400, just 4.7% shy of its all-time high. Concerns over tariffs from President Trump have affected investor sentiment, leading some to predict a possible sell-off before a future rally. However, the onchain derivatives Market shows signs of optimism, suggesting low chances of Bitcoin dropping below $75,000 ...
The U.S. debt ceiling issue is back in focus as the government nears its $36 trillion borrowing limit. Although this might alarm investors, it could benefit bitcoin and other risk assets. Treasury Secretary Janet Yellen indicated that while the debt ceiling prevents new spending, the government can still use “extraordinary measures” to meet its financial ...
The U.S. economy is gearing up for its first major event of 2025 with the release of the December Consumer Price Index (CPI) data. Amid concerns about a hawkish Federal Reserve and a strong correlation between bitcoin and tech stocks, this report is crucial for the digital asset Market. Experts are wary, given unstable liquidity ...
In December, the US economy saw impressive job growth, adding 256,000 jobs, while the unemployment rate dropped to 4.1%. Meanwhile, Canada reported a surprising addition of 90,900 jobs, significantly exceeding predictions, which brought their unemployment rate down to 6.7%. These positive employment reports from both countries created a slightly bullish outlook for the USD/CAD currency ...
Tom Lee, managing partner at Fundstrat Global Advisors, has set a bold price target of $250,000 for Bitcoin by 2025, suggesting significant potential growth. In a recent CNBC panel discussion, he emphasized the optimistic outlook for cryptocurrency, driven by favorable regulatory changes anticipated under the incoming Trump administration. Lee argues that if tariffs slow economic ...
