Bitcoin | Crypto

Defiance ETFs filed applications for Bitcoin and Ethereum related market-neutral exchange-traded funds (ETFs) called NBIT and DETH that execute a hedge fund arbitrage strategy. Bloomberg senior ETF analyst Eric Balchunas shared the filings on Sept. 16, noting that the funds operate a strategy of buying spot crypto assets while shorting futures contracts to capture premiums. […] The post Defiance files for Bitcoin and Ethereum ETF to capture hedge fund arbitrage strategy appeared first on CryptoSlate.

Bitcoin’s price strength is supported by centralized exchange withdrawals, spot ETF inflows and BTC’s increasing use as a financial hedge. Key takeaways: September’s 44,000 BTC net withdrawals reduced the available supply, easing the potential short-term selling pressure. US-listed spot Bitcoin ETFs added $2.2 billion, delivering persistent daily demand that far exceeds the mined supply. Read more

A coalition of corporate Bitcoin (BTC) holders announced the first members of the Treasury Council on Sept. 16, positioning themselves as advocates for federal Bitcoin adoption. The Treasury Council includes nine chief executives from companies holding Bitcoin in their corporate treasuries, led by Strategy CEO Phong Le, MARA Chairman Fred Thiel, and Riot CEO Jason […] The post Bitcoin advocates form ‘Treasury Council’ to push for corporate adoption in Congress appeared first on CryptoSlate.

Cipher, Terawulf, Iris Energy, Hive and Bitfarms rallied sharply in September, outpacing Bitcoin despite tightening mining economics and weaker onchain activity. Bitcoin mining stocks extended their recovery in September, outpacing Bitcoin even as industry economics remain under pressure and hardware payback periods stretch longer. According to The Miner Mag’s latest industry update, shares of Cipher Mining (CIFR), Terawulf (WULF), Iris Energy (IREN), Hive Digital Technologies (HIVE) and Bitfarms (BITF) surged between 73% and 124% over the past month. By contrast, Bitcoin (BTC) slipped more than 3% over the same period. The rally in mining stocks comes despite continued pressure on industry fundamentals. The Bitcoin network’s next difficulty adjustment is projected to rise another 4.1%, which would “mark the first epoch with an average hashrate above the zetahash mark,” The Miner Mag reported. Read more

Bitcoin eyes a 35% breakout as analysts point to a bullish RSI signal and the upcoming FOMC interest rate decision. Key takeaways: Bitcoin’s weekly stochastic RSI has triggered its 9th bullish signal this cycle. Analysts see potential upside toward $155,000–$200,000 if history repeats. Read more

Bitcoin futures open interest dropped by $2 billion ahead of this week’s FOMC, but the Coinbase premium index shows traders are determined to defend the $115,000 price level. Key takeaways: Bitcoin futures open interest fell $2 billion in five days, signaling cautious futures traders. Binance taker volume averages cycle lows as the market waits for Fed’s interest rate decision. Read more

Bitcoin price action swirls around $115,000 as gold sets new record highs, but markets are getting cautious going into Wednesday's FOMC meeting. Key points: Bitcoin attempts to liquidate longs at the Wall Street open with $115,000 a focus. Markets are flipping short ahead of Wednesday’s Federal Reserve meeting. Read more

Spot Bitcoin ETFs saw $260 million in inflows on Monday, extending a six-day streak that may fuel BTC price to finally break the resistance level at $118,000. Key takeaways: Bitcoin’s failure to rise beyond $118,000 points to strong resistance around this area. Bitcoin ETFs recorded six days of consecutive inflows totaling $2 billion.  Read more

Bitcoin's exponential growth cycles are shrinking dramatically, signaling potential technological maturity limits. Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 Association When you were young, you often felt belittled for your lack of experience. Yet, our elders will simultaneously lament to us that time is on our side.  Bitcoin, like any youthful emerging tech, is the same. The early years are full of uncertainties, yet filled with the promise of boundless possibilities. Time is on our side to learn, adapt and grow.  Read more

Saifedean Ammous warned Argentina’s high-yield bond strategy is unsustainable, calling it a “Ponzi” that could push investors toward Bitcoin as the peso crumbles. Economist and author of “The Bitcoin Standard,” Saifedean Ammous, warned that Argentina’s financial system is on the brink of collapse, calling President Javier Milei’s economic program a “debt and inflation Ponzi” propped up by unsustainable bond yields and money printing. In a post on X, Ammous argued that Argentina’s government has created a financial system where bond speculation is the only path to financial security. “The only concrete achievement of his administration so far is that it destroyed the currency and created a shitcoin casino,” he said. At the center of the crisis is what locals call “la bicicleta financiera,” a high-yield carry trade where investors buy short-term government bonds that offer interest rates exceeding the pace of peso devaluation. According to Ammous, this setup, which has become the country’s most lucrative indust...

Strategy’s Michael Saylor and BitMine’s Tom Lee are among 18 industry leaders who will look at ways to pass the BITCOIN Act and enable budget-neutral ways to buy Bitcoin. US lawmakers are set to meet with 18 crypto industry executives, including Strategy chairman Michael Saylor, on Tuesday to discuss how Congress can move forward with President Donald Trump’s Strategic Bitcoin Reserve. Those in attendance will also include Fundstrat CEO Tom Lee, who is also the chairman of BitMine, as well as MARA CEO Fred Thiel, according to crypto advocacy group The Digital Chambers, which shared the full list with Cointelegraph on Monday.  The industry executives are looking to build momentum behind the BITCOIN Act, a measure introduced by US Senator Cynthia Lummis in March that calls on the government to acquire one million Bitcoin (BTC) over five years.  Read more

KindlyMD’s NAKA shares slumped to $1.28 on Sept. 15, down by 54% in the past 24 hours and over 90% over one month. The healthcare-turned-Bitcoin (BTC) treasury company faces mounting pressure from equity dilution plans and broader investor fatigue toward digital asset treasury strategies. The Nasdaq-traded medical firm transformed into a Bitcoin treasury company after […] The post NAKA shares plunge 54% in a day, reinforcing investor exhaustion toward Bitcoin treasury companies appeared first on CryptoSlate.

Bitcoin (BTC) trades at the upper edge of its $108,000-$116,000 air gap range ahead of the Federal Reserve meeting on Sept. 17, and relies on the policy messaging. BTC traded at $115,046.29 as of press time, down by 0.2% in the past 24 hours. According to the Bitfinex Alpha report, Bitcoin needs a sustained break […] The post Bitcoin faces $107,000 or $125,000 move as FOMC meeting determines market direction appeared first on CryptoSlate.

Bitcoin’s $113,000 zone emerges as a critical support with new investors absorbing whale supply, hinting at one of the last discounts before new highs. Key takeaways: Bitcoin could retest the $111,000–$113,000 zone, mirroring the breakout structure seen in Q2. The URPD metric shows 5.5% of BTC supply clustered between $110,000–$113,000. Read more

The purchase as part of the company’s accumulation strategy started in 2020 has resulted in Strategy holding more than $73 billion worth of BTC. Strategy, the business intelligence company co-founded by Michael Saylor, has increased its Bitcoin holdings to more than $73 billion after a reported purchase as part of its treasury strategy. In a Monday notice, Saylor said the company had acquired 525 Bitcoin (BTC) for about $60 million, given an average price of $114,562 per coin. The additional Bitcoin resulted in Strategy’s holdings totaling 638,985 BTC, worth more than $73 billion at the time of publication.   The Bitcoin purchase was part of Strategy’s accumulation strategy, launched in August 2020 with a $250-million BTC investment. Since that initial investment, the company has regularly announced significant BTC buys, including a report of a $450 million purchase at the end of August and early September. Read more

Bitcoin is in no mood to party into the FOMC rate-cut decision while stocks and gold outperform to start a key macro trading week. Key points: Bitcoin diverges from stocks and gold to see daily losses of 2% to start the week. Analysis hopes that the upcoming Federal Reserve interest-rate decision will provide a BTC price boost. Read more

Crypto ETPs recovered last week, recording $3.3 billion in inflows and lifting the overall assets under management to $239 billion. Crypto investment products reversed their recent outflow trends last week, with Bitcoin, Ether and Solana exchange-traded products (ETPs) recording significant inflows.  Global crypto ETPs saw $3.3 billion in inflows last week, lifting overall assets under management (AUM) to $239 million, near the record high in August. Last month, crypto ETPs saw an all-time high AUM of $244 billion.  The inflows came as underlying assets showed modest gains over the week. Bitcoin (BTC), which traded at $111,900 on Sept. 8, rose 3.3% to $115,600 on Friday. Ether (ETH) went from $4,300 to $4,500 last week, a 4.6% gain in five days.  Read more

Bitcoin braced for further gains toward $120,000 after finishing the week in the green above $115,000, new price analysis concluded. Key takeaways: Bitcoin’s weekly close above $115,000 signals bullish strength.  BTC’s bull flag breakout could trigger a rally to $120,000. Read more

Bitcoin headed into the Fed interest-rate cut with analysis bullish on the macro outlook, but traders split over new BTC price highs. Bitcoin (BTC) traders geared up for volatility as crypto heads into the US Federal Reserve interest-rate decision. Bitcoin bulls have a clear resistance level to overcome at $117,000 as the week gets underway. All eyes are on the Fed as markets unanimously expect the first interest-rate cut of 2025 to come on Wednesday. Read more

Despite September’s pullback, investors see scope for a year-end Bitcoin rebound on supportive macro trends and options flows.