In a recent Friday briefing, Thielen laid out a compelling case for bitcoin surging to $70,000, buoyed by a cocktail of monetary forces, the broader macroeconomic backdrop, the rhythm of the U.S. election cycle, and a slow but steady uptick in interest from traditional financial players funneling money into bitcoin ETFs. January’s Tepid Performance in…
According to a report released Wednesday by German financial powerhouse Deutsche Bank, bitcoin (BTC $111,495.39) — the titan of cryptocurrencies — looks set to maintain its upward momentum well into 2025, with prices expected to hover at elevated levels. Regulatory Winds and Market Forces Aligning Backing this bullish forecast is a cocktail of factors: a…
Early Tuesday, an additional 9,000 bitcoins changed hands as Grayscale, the entity behind the Grayscale Bitcoin Trust (GBTC), transferred them to exchange platforms amid ongoing net sell-offs triggered by its shift to a spot exchange-traded fund (ETF). Just past 14:30 UTC, right when U.S. equities re-opened after a long weekend, Arkham Intelligence recorded these coins…
TerraClassicUSD (USTC) rocketed by 300% within a week, ignited by a bitcoin-collateralized reboot plan alongside Binance’s launch of its perpetual futures contract. USTC and LUNC remain the last vestiges of the defunct Terra ecosystem, which imploded in May of last year. The blast-from-the-past tokens, TerraClassicUSD (USTC) and its counterpart Terra Luna Classic (LUNC) — relics…
When economic growth stalls while inflation creeps upward—a phenomenon known as stagflation—traditional investments tend to falter. Yet, this very scenario often boosts the appeal of scarce assets like gold, as highlighted in the report. Regarded as “hard money” similar to digital gold, bitcoin emerges as a contemporary safeguard for preserving value, the analysis emphasizes. Following…