Adam Back, CEO of Blockstream, asserts that Bitcoin is the only cryptocurrency with lasting value due to its credible scarcity and decentralization. He believes altcoins and memecoins lack sustainable economic models, real demand, and competitive advantages, leading their value to approach zero. This view resurfaces amid Bitcoin's recent market rebound and stronger dominance, while many altcoins fail to keep pace. The debate highlights a potential shift in crypto capital allocation back towards Bitcoin, though it remains uncertain if this trend will persist or if altcoins will regain momentum.
Bitcoin traded slightly higher near $77,200, maintaining above its 50-day average, supported by a sharp 5% drop in oil prices due to potential reopening of the Strait of Hormuz. This oil price decline lifted Asian equities, with major indexes in Indi...
Bitcoin whale traders have shifted aggressively toward short positions, reflecting growing defensive sentiment amid weakening broader crypto momentum. Large speculative wallets reduced altcoin exposure and increased leveraged Bitcoin shorts, with one...
Cryptocurrency prices including Bitcoin, Ethereum, XRP, and Dogecoin showed little movement as uncertainty looms over a potential Iran nuclear deal. Bitcoin fluctuated near $77,000 with a 26% drop in trading volume, while Ethereum narrowly stayed abo...
Brent crude oil prices dropped below $99 following President Trump's announcement that a US-Iran deal to reopen the Strait of Hormuz is largely negotiated, easing supply disruption fears. The Strait of Hormuz is critical, carrying about 20% of global...
MoonPay has launched a new app that allows users to buy Bitcoin, Solana, and potentially other cryptocurrencies directly inside ChatGPT through natural language conversation. This integration removes the usual technical barriers like wallet setup and...
