Bitcoin has surged over 19% in just over a month, breaking above $80,000 amid rising inflation signals like high oil prices and commodity indexes. Traditionally, rising inflation and higher interest rates would pressure Bitcoin as investors favor safer assets, but Bitcoin's rally suggests it may be transitioning from a risk asset to an inflation hedge. This shift is supported by $4.45 billion inflows into U.S. spot Bitcoin ETFs since March and endorsements from notable investors like Paul Tudor Jones. However, Bitcoin's correlation with rising U.S. equities complicates the narrative; the true test will come if Bitcoin holds or rises during a stock market downturn, confirming its inflation hedge status.
Three major institutions—Galaxy Digital, NYDIG, and Standard Chartered—disagree on whether Bitcoin has hit its bottom, with estimates ranging from not yet to around $59,000. Bitwise CIO Matt Hougan argues the focus should be on their shared view that...
Bitcoin investors have added a net total of approximately 259,000 BTC between the price range of $59,000 and $67,000 over the past 10 days, according to Glassnode data. This buying activity spans all wallet sizes, from small retail holders to large w...
Bitcoin surged past $66,500 following the Bank of Japan's interest rate increase to a 31-year high, boosting crypto market confidence. Altcoins Stellar's XLM, Injective's INJ, and Uniswap's UNI saw gains between 13% and 16%, with UNI benefiting from ...
The Bank of Japan raised interest rates to 1%, the highest level since 1995, marking a significant shift from its ultra-easy monetary policy. This move could strengthen the Japanese Yen and increase borrowing costs, potentially causing a 20-30% decli...
In a recent debate moderated by Fox Business, Peter Schiff acknowledged that Bitcoin is unlikely to go to zero, a statement that Anthony Pompliano highlighted as a win. Schiff, known for repeatedly predicting Bitcoin's demise, was challenged by Pompl...
