Binance founder Changpeng Zhao (CZ) expressed strong confidence that Bitcoin may overtake gold as the world's most important asset during the next major bull run. While gold currently holds a $15.9 trillion market valuation, far exceeding Bitcoin's $1.6 trillion, CZ believes increasing adoption of Bitcoin by countries as a strategic reserve asset could narrow this gap. He highlighted that gold's dominance is due to established institutional custody and reserve systems, not intrinsic value, and noted a shift as investors diversify into Bitcoin. CZ anticipates Bitcoin's price could reach $1 million, driven by broader institutional and sovereign adoption, and urged governments to create clear crypto regulations to accelerate this transition.
August's core Personal Consumption Expenditures (PCE) inflation rose 3.0% year-over-year, below expectations, easing pressure on the Federal Reserve to hike rates in October. Bitcoin responded positively, briefly surpassing $85,000 before settling ar...
Bitcoin, Ether, and XRP caused a huge 2,633% liquidation imbalance as US inflation remained stubborn and Treasury yields stayed high. Despite economic pressures like 5.2% US Treasury yields and inflation above target, these cryptocurrencies sparked a...
Bitcoin is encountering a significant sell wall between $85,000 and $85,500 on Binance, coinciding with a steady decline in U.S. spot Bitcoin ETF inflows since September 22. ETF inflows dropped from nearly $1 billion on September 21 to just $24 milli...
Short-term Bitcoin holders currently have an unrealized profit margin of about 33%, the highest since December 2024, with a record 25,700 BTC profit realized on September 22. Despite Bitcoin reaching an eight-month high near $87,400, demand for spot ...
Bitcoin's price fell 1.24% within an hour to $84,300 on September 30, extending a recent short-term decline despite a slight 0.42% gain over 24 hours. The drop was marked by $8.03 million in long position liquidations on major exchanges like Binance,...
