Grayscale reports Bitcoin wallets with balances are approaching 60 million, indicating strong adoption even during the ongoing bear market. The firm highlights three key drivers for future Bitcoin growth: its role as a scarce store of value amid rising U.S. fiscal debt, increasing blockchain and stablecoin use, and growing demand for crypto ETFs. However, short-term price gains are mainly driven by speculative futures demand, while spot market demand remains negative, posing risks to a sustained recovery. Despite these challenges, Grayscale remains optimistic about Bitcoin's long-term adoption and value proposition.
Bitcoin surged close to $87,400, pushing the crypto market near a $3 trillion cap, driven by $558 million in liquidations mainly from short positions. Institutional investors fueled the rally with over $1.9 billion in spot ETF inflows, especially int...
Dogecoin surged to an intraday high of $0.1059 following X's announcement of new trading partnerships with Gemini, Kraken, Coinbase, Moomoo, and Interactive Brokers, allowing users to trade directly from the app. Despite this boost, DOGE closed the d...
Bitcoin has surpassed the $80,500 mark for the first time since 2023, breaking above its 365-day moving average and a key long-term trendline that previously predicted bull markets in 2019 and 2023. This breakout indicates a confirmed uptrend, suppor...
Bitcoin surged past $85,000, triggering over $1 billion in short position liquidations, while the Nasdaq Composite reached new all-time highs driven by strong AI momentum. Meta's stock jumped over 20% after launching its Muse AI assistant, adding sig...
Bitcoin's price stabilized above $86,000 after a brief pullback from a recent high of $87,374, maintaining a market cap of $1.73 trillion and supporting the broader crypto market above $3 trillion. The drop in short liquidations from over $500 millio...
