Grayscale highlights that the US public debt exceeding $40 trillion could weaken confidence in fiat currencies, increasing interest in cryptocurrencies like Bitcoin, Ethereum, and Zcash as alternative stores of value. The Treasury's expanded long-term bond buybacks aim to ease market pressure but do not address structural deficits driving debt growth. Persistent federal deficits and rising debt-to-GDP ratios suggest continued borrowing, reinforcing the appeal of these digital assets amid fiscal uncertainty. Grayscale sees these factors supporting long-term adoption of Bitcoin and related cryptos.
Metaplanet, a major Bitcoin miner and treasury firm, transferred $237 million worth of Bitcoin to Coinbase Prime, signaling a potential sell-off amid a broader crypto market slowdown. This move has raised speculation that Metaplanet may be securing p...
Bitcoin has regained several important technical levels that typically mark the end of bear markets, including the $67,000 local structure and the 1D 200 SMA and EMA. Analyst Skyodelic notes Bitcoin has completed 80% of the data needed to confirm the...
Bitcoin's price fell about 2.5% to around $77,588 following Federal Reserve Chair Kevin Warsh's hawkish keynote at the Jackson Hole Economic Policy Symposium, which increased expectations for a rate hike. This speech ended a nine-day streak of inflow...
Bitcoin held by treasury companies reached $109 billion, its highest since June, reflecting recent price recovery. Metaplanet transferred 3,000 BTC worth $237 million to Coinbase Prime, raising questions about a potential sale, though its holdings re...
Bitcoin recently pulled back to test a crucial support level at $73,880, which is seen as a key long-term threshold. Holding above this level could enable a recovery toward the $100,000 mark, according to MVRV pricing bands analysis. However, a deepe...
