Binance founder Changpeng Zhao (CZ) highlighted Bitcoin's limited supply, noting over 20.07 million BTC mined and an estimated 10-20% possibly lost forever. This scarcity could make owning a full Bitcoin difficult even for millionaires, given there are about 23.6 million millionaires in the US alone. CZ's comments revive discussions on Bitcoin potentially reaching $1 million by 2033, but he cautions that scarcity alone doesn't guarantee price rises amid volatile market conditions. Investors should conduct thorough research before investing.
Coinbase CEO Brian Armstrong predicts Bitcoin may reach $400,000 by 2030, a 420% increase from current levels, based on its four-year cycle pattern and recent market bottom. Key upcoming events like the CLARITY Act vote and the next Bitcoin halving s...
Bitcoin dropped nearly 2% below $77,000 after U.S. Producer Price Index data showed a 5.4% year-over-year increase, slightly above expectations. This fueled market bets on a 74% chance of a Federal Reserve rate hike in mid-September. Other cryptocurr...
Bitcoin's recent price bottom may have been accumulated gradually by a single whale or a small group of large buyers, according to analyst Willy Woo. This is based on an unprecedented anomaly in Bitcoin's HODL Wave data, which tracks how long coins r...
Bitcoin surged over 25% in August but shows weak spot demand and liquidity, raising concerns of a bull trap. Meanwhile, Ethereum sees strong liquidity growth with stablecoin supply rising and record ETH staking, indicating robust demand. This liquidi...
Bitcoin traded around $77,000, slightly up but under pressure ahead of crucial US inflation data that could influence the Federal Reserve's upcoming interest rate decision. The broader crypto market also faced declines amid rising oil prices and high...
