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Bitcoin News
Bitcoinist
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Image Credit: Bitcoinist
$9 Trillion BlackRock Picks Bitcoin As Protection Against Fed Dollar Crisis
- BlackRock, a $9 trillion asset management company, has chosen Bitcoin as a protection against a potential Federal Reserve dollar crisis.
- BlackRock warns about the potential economic fallouts from the rising US debt pile, and sees Bitcoin as a safety net for a potential $35 trillion dollar crisis.
- Bitcoin is viewed as a hedge against geopolitical tensions, fiscal instability, and monetary risks, and offers protection from economic risks and financial uncertainty.
- BlackRock acknowledges that Bitcoin remains a highly risky asset due to its volatility, regulatory challenges, and immature systems.
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Coinpedia
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393
Image Credit: Coinpedia
Bitcoin Price Prediction: Indicators Suggest a Temporary Pause Before Next Rally; When Will Bitcoin Reach $68K?
- Bitcoin is currently in a short-term bullish trend, but facing resistance in the $64.1k to $64.5k range.
- A breakout above the $68,000 resistance level would signal a potential shift towards a long-term bullish trend.
- Bitcoin's RSI has entered overbought territory, suggesting a short-term cooldown or consolidation period may occur.
- Support levels for Bitcoin are around $63k, with major support at $60k to $61k.
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23 Likes
Bitcoinik
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BlackRock CEO says “Bitcoin is a legitimate financial instrument”
- Larry Fink, CEO of BlackRock, stated that Bitcoin is a legitimate financial instrument.
- Fink was previously critical of Bitcoin, calling it an 'index of money laundering' seven years ago.
- In a recent interview, Fink expressed his belief that Bitcoin provides uncorrelated returns and has a role in investment portfolios.
- BlackRock's change in stance on Bitcoin came in 2023 when they disclosed plans to launch Bitcoin spot ETF products.
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Coinpedia
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Bitcoin, ETH, XRP Price Prediction: Bull Run Ahead?
- Bitcoin, Ethereum, and XRP prices are showing signs of a major bull run ahead.
- Bitcoin has broken through local resistance and aims for a bullish week, with a target above $70K.
- Ethereum's falling wedge breakout suggests a potential target of $3,000.
- XRP price trend indicates a bullish breakout, with targets at $0.72 and $0.91.
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8 Likes
Medium
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Justice in the Spotlight: GCC Litigation Takes on Gemstone Holdings Scammers
- Gemstone Holdings scammed thousands of individuals, causing them to lose their savings.
- GCC Litigation, a firm experienced in financial fraud cases, is taking action against Gemstone Holdings.
- GCC Litigation plans to gather evidence, provide support to victims, pursue class action lawsuits, and coordinate with law enforcement agencies.
- Their goal is not only to seek justice but also to recover lost funds and restore financial integrity.
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16 Likes
Newsbtc
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Bitcoin ‘Final Cycle Pump’ Puts Price As High As $200,000
- Bitcoin could be entering its last explosive rally of the four-year market cycle, potentially reaching new all-time highs.
- A crypto analyst predicts that Bitcoin could surge to $200,000 and above, marking the peak of the bull market.
- The analyst identifies the current stage as the 'final pump' of the Bitcoin bull cycle, with expectations of reaching the cycle top in September or October 2024.
- Bitcoin's price surge would represent a significant increase of approximately 218% to 313% from its current price of $63,000.
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26 Likes
Cryptoslate
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What you need to know about Bitcoin staking
- Bitcoin staking is a reality, enabled through platforms offering Bitcoin-based Liquid Staking Tokens (LSTs).
- Bitcoin staking involves depositing BTC into a staking protocol and receiving Liquid Staking Tokens (LSTs) in return.
- The most popular Bitcoin LST is LBTC, originating from the Lombard protocol.
- Bitcoin staking has seen a strong start, with potential for growth as a yield opportunity for Bitcoin holders.
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2 Likes
Bitcoinist
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Bitcoin MVRV Points To Bullish Breakout Under Key Condition
- Bitcoin closed the past week with a 4.07% price gain.
- Bitcoin MVRV ratio needs to close above its 90-day moving average for a bullish trend.
- Opening $2 billion BTC futures contracts increases long-squeeze risk.
- Bitcoin's current price is $62,875 with a 1.59% loss in the past day.
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5 Likes
Newsbtc
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BONK Bulls Take Over: Upside Momentum Builds After Pullback
- BONK is showing signs of renewed strength as bullish momentum builds.
- Traders are eyeing a potential upside breakout, with clear targets.
- Technical indicators suggest signs of bullish momentum building.
- Key resistance levels for BONK to watch include $0.00002320 and $0.00002962.
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12 Likes
Bitcoinist
1M
393
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Bitcoin Volatility Still Low Compared To Past Cycle: Is BTC Ready To Hit ATH In 2024?
- Bitcoin's volatility remains low compared to past cycles despite recent price gains.
- Low volatility could indicate a period of consolidation before a significant breakout.
- Bitcoin's surge is sparked by the Federal Reserve's interest rate cut.
- BTC price testing key liquidity levels, with $60,000 support critical for sustaining bullish momentum.
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23 Likes
Zycrypto
1M
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Rich Dad Poor Dad Author Tells Us Why Bitcoin Will See $500,000 Next Year
- Robert Kiyosaki, author of “Rich Dad Poor Dad,” predicts that Bitcoin could reach $500,000 in 2025 and $1 million by 2030 due to the impact of AI on the finance sector.
- Kiyosaki believes that AI will shake up the world of money and sees Bitcoin as a safe-haven asset in the changing financial landscape.
- He advises investing in Bitcoin and other tangible assets like gold and silver to protect against the declining value of the US dollar.
- Kiyosaki's predictions should be taken with caution, considering his controversial history and scandals surrounding his financial education company.
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7 Likes
Newsbtc
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Analyst Who Predicted The Bitcoin Rally Reveals Time To Sell
- Crypto analyst Ali Martinez warns investors to book profits as Bitcoin rallies.
- Bitcoin's recent surge may be reaching a critical point, with a potential price correction indicated near the $63,700 level.
- The TD Sequential indicator, which previously signaled a buy at $57,400, is now suggesting a possible pullback.
- Bitcoin's ability to break above the 200-day SMA and upcoming market dynamics will determine the future direction of its price.
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13 Likes
Stackexchange
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393
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REMOTE CYBAR RECOVERY! LOST BITCOIN RECOVERY EXPERT
- REMOTE CYBAR RECOVERY helped recover $760,000 worth of stolen Bitcoin.
- The company was recommended by someone who had successfully recovered their own digital wallet.
- REMOTE CYBAR RECOVERY demonstrated professionalism and expertise throughout the process.
- They successfully recovered the stolen funds within 4 days.
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23 Likes
Zycrypto
1M
361
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Bitcoin On Cusp Of Ultimate Price Eruption As SEC Greenlights Options Trading On BlackRock’s Spot BTC ETF
- The SEC has approved the listing and trading of options for BlackRock's spot Bitcoin ETF.
- This approval allows traditional investors to trade BTC-based options through a regulated financial product.
- The SEC's approval is expected to attract more liquidity and institutional adoption of Bitcoin.
- The approval signifies further integration of Bitcoin into the mainstream financial system.
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21 Likes
TheNewsCrypto
1M
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Image Credit: TheNewsCrypto
Bitcoin Price Likely to Face Correction Following Recent Surge
- Bitcoin price has surged over the past ten days, adding about $10,000.
- Social measures imply that a correction in the cryptocurrency market is likely.
- Following the Federal Reserve's decision to cut interest rates, Bitcoin rallied to a three-week high but is currently trading at around $63,000.
- Data suggests that FOMO and large price gains often lead to corrections in the cryptocurrency market.
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10 Likes
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