Bitcoin hinted at a long-term bullish trend change as BTC neared an MACD cross that last resulted in $25,000 gains over two months. Bitcoin (BTC) faces a fresh showdown this week as macro tensions contrast with a bullish BTC price trend reversal. A classic BTC price metric is above to flip bullish for the first time in nearly a year — last time, price gained $25,000 in two months. Short time frames see liquidations as “aggressive” traders pile in at $70,000. Read more
Demand for either currency strengthens both in a reinforcing relationship, contrary to popular sentiment, Sam Lyman told Cointelegraph. US dollar-pegged stablecoins and Bitcoin (BTC) share a “symbiotic” relationship, mutually benefitting from rising adoption, according to Sam Lyman, head of research at Bitcoin Policy Institute (BPI), a Washington DC-based digital asset advocacy organization. “Bitcoin is beneficial to the US system because the largest Bitcoin trading pair is BTC/USD,” or Tether’s USDt (USDT) stablecoin, which is backed by cash deposits and short-term US government debt, Lyman told Cointelegraph. He added: He said Bitcoin and dollar-pegged stablecoins share a similar relationship to the dollar and oil. Under the petrodollar system, which began in the early 1970s, international oil sales are priced in dollars, driving more demand for the currency. Read more
The Rich Dad Poor Dad author continues to back Bitcoin, gold and silver as alternatives to traditional money. Rich Dad Poor Dad author Robert Kiyosaki has argued that the economic shifts set in motion more than five decades ago are now unfolding, advocating for Bitcoin and gold while warning against rising debt, inflation and retirement risks. In a Saturday post on X, Kiyosaki pointed to 1974 as a turning point that reshaped both money and retirement systems. He argued that the United States’ move toward a petrodollar framework, alongside policy changes affecting pensions, laid the foundation for today’s financial pressures. “The future created in 1974 has arrived,” Kiyosaki wrote, linking current inflation and geopolitical tensions around energy to the dollar’s evolution after the end of the gold standard era. He also mentioned the passage of the Employee Retirement Income Security Act, which introduced new rules for pension plans and coincided with a broader shift toward market-based retirement savings. Rea...
Santiment said bearish Bitcoin comments on social media have climbed to a five-week high, which could signal a reversal sooner rather than later. Social media bearishness around Bitcoin has reached its highest level since the end of February, according to crypto sentiment platform Santiment. “FUD has crept back in with the community showing a key lack of optimism,” Santiment said in an X post on Saturday, adding that it is “usually a common ingredient for prices rebounding.” The data comes from a large sample of crypto-focused social media accounts and tracks the ratio of bullish to bearish Bitcoin (BTC) comments across X, Reddit and other social media platforms. Read more
The Bitcoin advocate is the co-founder of ProductionReady, a non-profit initiative to fund open source development of BTC software and education. The Bitcoin (BTC) network needs a “conservative” Bitcoin client node software implementation to preserve its monetary properties and strengthen network decentralization, according to Jimmy Song, co-founder of ProductionReady, a non-profit organization funding open source Bitcoin node software development and education. The organization has a “bias” against significant code changes, unless there is “overwhelming” community support for the change, Song told Cointelegraph. “The general principle is: if you're not sure a change makes the money better, don't make it,” he said. Read more
Bitcoin is poised for a reversal if ETF demand returns or a ceasefire occurs, potentially crushing short sellers in a massive price squeeze. Key takeaways: Bitcoin hitting $72,000 would liquidate $2.5 billion in shorts, potentially crushing bears who are overleveraged. Iran's war and high oil prices currently pressure BTC, but a ceasefire or ETF inflows could spark a rapid recovery. Read more
The longer Bitcoin's price stays flat, the bigger the move up could eventually be, according to a crypto analyst. Bitcoin’s prolonged consolidation below $70,000 may be paving the way for a more significant rally, according to a crypto analyst. “The longer it lasts, the heavier the breakout will be,” MN Trading Capital founder Michael van de Poppe said in an X post on Friday. “Bitcoin remains stagnant in this area, which means that there's literally no direction,” van de Poppe said, adding that he is eyeing Bitcoin (BTC) breaking through $71,000, a level the asset hasn’t reached since March 26. Read more