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Bitcoin

Bitcoin flat near $66,000 as Uniswap jumps 22%

Bitcoin flat near $66,000 as Uniswap jumps 22%

2 months ago by Crypto InsightsCrypto

Bitcoin is trading flat while the rest of the crypto market showing signs of a capital rotation. The largest token traded around $65,800 on Wednesday, down 0.3% over 24 hours but up 7.4% on the week, per CoinDesk data, holding near $66,000 as traders waited… Read More

Bitcoin miners’ AI pivot faces $50 billion reality check, says VanEck

Bitcoin miners’ AI pivot faces $50 billion reality check, says VanEck

2 months ago by Crypto InsightsCrypto

The report comes amid a dramatic shift in the bitcoin mining industry. Following the collapse in mining profitability after the 2024 halving, many operators began repurposing their power infrastructure to support AI workloads, betting that technology companies would pay significantly more for electricity and data… Read More

Bitcoin shoots higher on Iran peace deal, with Strait of Hormuz set to open

Bitcoin shoots higher on Iran peace deal, with Strait of Hormuz set to open

2 months ago by Crypto InsightsCrypto

The US and Iran said they reached an interim agreement to end hostilities and reopen the Strait of Hormuz, with the deal to be signed in Switzerland on Friday. The price of bitcoin BTC$65,675.25 has risen to $65,700, up 2% over the past 24 hours,… Read More

Bitcoin could crash to $48,000, if this historical pattern is triggered

Bitcoin could crash to $48,000, if this historical pattern is triggered

2 months ago by Crypto InsightsCrypto

Bitcoin BTC$64,355.86 has a unique pattern, and it has held across every major bullish cycle since the cryptocurrency began trading near zero 16 years ago. This pattern suggests that prices could crash to at least $48,000. The pattern works like this. Draw Fibonacci retracements from… Read More

Here’s what SpaceX’s IPO means for its 18,000 bitcoin (BTC) holdings

Here’s what SpaceX’s IPO means for its 18,000 bitcoin (BTC) holdings

2 months ago by Crypto InsightsCrypto

For Elon Musk’s company, it’s a rounding error against a valuation of over $1.8 trillion: small enough that the stock will never trade on it, yet large enough to normalize the asset in a way no dedicated vehicle can. For years, onchain analysts estimated SpaceX… Read More

Bitcoin surpasses $64,00 as Friday’s ETF inflows reach highest level since May 14

Bitcoin surpasses $64,00 as Friday’s ETF inflows reach highest level since May 14

2 months ago by Crypto InsightsCrypto

Bitcoin climbed above $64,000 on Saturday, reaching an intraday high of more than $64,200. The largest cryptocurrency by market capitalization is up more than 1% over the past 24 hours and is now up over 8% from its June low of just above $59,000. Sentiment… Read More

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