Bitcoin's status as digital gold will be proven by its adoption among sanctioned states rather than its price performance, according to Bitwise's Gordon Grant. He argues that these countries, including Russia and Iran, are quietly accumulating Bitcoin to bypass sanctions, similar to how gold was used historically. Despite Bitcoin's price volatility and recent declines, its decoupling from traditional markets and use in sanctioned trade suggest a growing role as a hedge asset. The real test for Bitcoin's digital gold claim will unfold as more governments integrate it into their economic strategies amid geopolitical tensions.
Bitcoin rose 4.4% to $85,293 with a market cap of $2.91 trillion, driven by institutional flows into spot Bitcoin ETFs. The altcoin AKE led gains with a 44.3% surge, highlighting growing investor interest in high-beta altcoins during a period of extr...
Bitcoin surged past $85,000, driven by a strong short squeeze that liquidated over $500 million in short positions, pushing the price closer to the $100,000 mark. Technical indicators show Bitcoin has overcome key resistance levels, including the 200...
Bitcoin's price surged about 37% from around $63,764 on August 3 to a peak near $87,395 by September 21, despite Jim Cramer's public sell call citing quantum computing risks. Cramer sold his entire bitcoin position after an IBM CEO warned quantum thr...
X has expanded its U.S. Cashtag system by connecting stock, ETF, and cryptocurrency pages to five external trading platforms: Coinbase, Kraken, Gemini, Interactive Brokers, and Moomoo. This integration allows users to view live charts on X and then e...
Whitehat hackers have transferred 52.37 Bitcoin, recovered from the July Coldcard hardware wallet exploit, to a new recovery trust address. This exploit, which caused over $100 million in losses, involved attackers reconstructing wallet seeds due to ...
