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.
Bitcoin's price slipped back toward $85,500 on October 6 after multiple failed attempts to break above $87,000, leaving the market about 32% below its all-time high from one year ago. The key support zone between $83,300 and $84,600, where significan...
Since October 1, Bitcoin whales have accumulated 14,335 BTC worth about $1.22 billion. Trading activity shows a major support zone between $83,300 and $84,600 where about 1.59 million BTC changed hands. This support zone could influence Bitcoin's nea...
Bitcoin's recent price movements align with a historical cycle pattern suggesting it may have reached a low point, potentially signaling the start of a new bull market. Analysts project Bitcoin could hit $190,000 soon, with some traders like Peter Br...
BTW surged 23.7% to $1.20, leading altcoin gains while Bitcoin remained stable around $85,583. This sharp rise highlights growing investor interest in specific altcoins despite a 3.3% drop in total crypto market cap and steady Bitcoin dominance at 59...
On October 5, US spot ETFs for Bitcoin and Solana experienced net outflows, while Ethereum ETFs saw net inflows, a reversal of the weekly trend where Bitcoin led inflows and Ethereum faced outflows. Over the week, Bitcoin ETFs gained $241.09 million,...
