Bitcoin surged above $81,000, reaching its strongest monthly gain since November 2024, driven by a weaker US dollar and changes in the US Treasury's bond-buyback program that increased liquidity support for long-term government securities. This move boosted demand for scarce assets like Bitcoin and gold, with gold prices nearing a historic monthly gain last seen in 1999. Institutional interest in Bitcoin also rose, with significant inflows into US spot Bitcoin ETFs and liquidation of bearish crypto positions. The market now awaits Federal Reserve Chair Kevin Warsh's remarks at Jackson Hole, which could influence Treasury yields, the dollar, and the ongoing rally in these alternative assets.
Investment bank Bernstein forecasts Bitcoin rising to $150,000 by mid-2027 and $300,000 by 2029 due to debt crises and institutional demand. However, Charles Edwards warns this is only feasible if Bitcoin Core developers implement quantum-resistant c...
Bitcoin fell below $78,000 after U.S. July inflation data showed higher-than-expected Personal Consumption Expenditures, signaling persistent inflation above the Federal Reserve's target. This raised fears that the Fed may need to maintain tighter mo...
Cryptocurrency markets saw a general decline with Bitcoin trading near $77,968, down 1.83%. Ethereum and Binance Coin also fell by over 1%, while XRP and Dogecoin experienced sharper drops of nearly 7% and 5.3% respectively. Stablecoins remained stea...
Bitcoin fell below $78,000 following U.S. Personal Consumption Expenditures (PCE) inflation data that exceeded expectations, raising concerns about the Federal Reserve's monetary policy. The PCE Price Index rose 0.2% month-over-month in July, above t...
Bitcoin shows signs of short-term profit-taking but strong long-term bullish indicators, with CryptoQuant's Bull Score hitting its highest since October 2025. Bernstein raised its Bitcoin price forecast to $150,000 by mid-2027 and up to $300,000 by 2...
