Traders send mixed signals after Bitcoin falls to $117,000 a day after hitting new all-time highs. Key takeaways: BTC futures premium remains neutral, indicating traders were unfazed by the recent $6,630 price drop. The Bitcoin options skew and macroeconomic concerns suggest limited appetite for a breakout above $120,000. Read more
Bitcoin dropped sharply after a higher-than-expected US PPI print shocked traders. Key takeaways: Bitcoin drops below $118,000 after a hot US PPI print fueled inflation concerns. Federal Reserve interest rate cut odds dropped to 90.5% from 99.8%. Read more
Bitcoin fell below $119,000 on Thursday after US Treasury Secretary Scott Bessent said the government will not make new BTC purchases to fund a Bitcoin reserve. Bitcoin dropped below a key support level Thursday after US Treasury Secretary Scott Bessent said the government had no plans to make additional purchases of Bitcoin for its strategic reserve and separate digital asset stockpile. Bitcoin (BTC) fell below the $120,000 psychological support level and traded at $118,730 at the time of writing, hours after hitting an all-time high of $124,457 earlier on Thursday, Cointelegraph data showed. The decline followed Bessent’s comments in an interview with Fox Business, where he confirmed the government would not buy more Bitcoin. Read more
Bitcoin technical indicators are starting to show some signs of BTC price overheating, but onchain data suggests otherwise. Key takeaways: Bitcoin hit a new all-time high of $124,450 on Thursday, and signs of overheating are starting to appear. Several technical indicators suggest a potential top at $124,000. Read more
Bitcoin briefly flipped Google parent Alphabet’s $2.4 trillion market capitalization to become the fifth-largest global asset, driving a wave of optimism among investors. Bitcoin climbed to an all-time high above $124,000 on Thursday, stoking fresh optimism that the next leg of price discovery could push the cryptocurrency’s market value toward Apple’s $3.4 trillion. Bitcoin (BTC) hit an all-time high of $124,457, leading the world’s first cryptocurrency to briefly surpass Google’s $2.45 trillion market capitalization, becoming the fifth-largest global asset. “Bitcoin all-time high and it’s only Wednesday,” said Gemini co-founder Tyler Winklevoss in an X post, triggering a wave of optimistic responses, including from popular investor Kyle Chassé, who predicted that this would be the “best week for Bitcoin.” Read more
Bitcoin set another all-time high at $123,231 after US Consumer Price Index data showed July inflation was unchanged month-on-month and up 2.7% year-on-year. Bitcoin (BTC) price hit a new all-time high above $123,231 on Wednesday on Coinbase, following a similar performance from the S&P 500 which rallied to a record high of 6,457. Bitcoin’s ascent to new highs comes one day after the July US CPI print showed inflation holding at 2.7% year-over-year, which was unchanged from June and below the forecast 2.8%. The data showed overall CPI increasing 0.2% versus a 0.3% increase in June. Following the report’s release, the CME FedWatch tool showed the market odds of an interest rate cut at the Federal Reserve’s September meeting rising to 93.9%. Read more
Bitcoin growth models project $200,000 by 2025 and up to $1.5 million by 2035, outpacing gold and the Nasdaq in long-term returns. Key takeaways: Bitcoin’s long-term CAGR of 42.5% outpaces the Nasdaq and gold, but is projected to drop to 30% by 2030. The power-law and quantile models keep BTC’s Q4 2025 target between $150,000–$200,000, with $1.2million to $1.5 million possible by 2035. Read more
The European country’s sovereign wealth fund does not hold BTC directly but has indirect exposure through a portfolio of crypto companies. Norway’s sovereign wealth fund, the largest state-directed wealth fund in the world, increased its indirect Bitcoin (BTC) exposure by 192% over the last year, according to crypto research company K33 Research. The fund has indirect exposure to 7,161 BTC through its investment portfolio, which includes treasury companies Strategy and Metaplanet and crypto exchange Coinbase. The fund currently holds over 11.9 billion Norwegian krone ($1.2 billion) of Strategy’s stock, a 133% increase from 2024. Similarly, the fund has increased its Coinbase holdings by over 96% since 2024. Read more
Bitcoin already has new key price levels beyond current all-time highs as traders wait for Ether price discovery to hit. Key points: Bitcoin takes another shot at price discovery as volatility returns with Wall Street traders. Crypto liquidations pass $500 million in 24 hours. Read more
BTC price gains may be around the corner as institutional Bitcoin demand puts in a classic bullish move. Key points: Coinbase’s institutional Bitcoin trading volume hits 75%, something that has always seen the BTC price rise a week later. Institutions are buying a lot more Bitcoin than is being mined daily. Read more
The growing role of platforms like BitGo in spot Bitcoin products worldwide is a double-edged sword, according to market observers. BitGo, a US-regulated crypto custodian, will safeguard assets for Central Asia’s first spot Bitcoin exchange-traded fund (ETF), which debuted Wednesday on the Astana International Exchange in Kazakhstan. The Astana International Exchange (AIX), a stock exchange operating within the Astana International Financial Centre (AIFC) framework, announced the listing of the Fonte Bitcoin Exchange Traded Fund (BETF) on Wednesday. Managed by AIFC-registered asset manager Fonte Capital, BETF offers indirect investment access to Bitcoin (BTC) to a wide range of investors, including retail participants, AIX said. Read more
The ballooning US deficit may lead to an increase in the money supply through quantitative easing, lining up a $132,000 Bitcoin price top in 2025. The US federal debt has reached a record $37 trillion, adding fuel to calls that rising deficits and potential money supply growth may underpin a Bitcoin rally to $132,000 by year’s end. “Thanks to the One Big Beautiful Bill Act, the debt just officially passed the $37 trillion mark,” said Representative Thomas Massie in a Wednesday X post. The US deficit has risen to its latest record high a month after US President Donald Trump signed the One Big Beautiful Bill Act into law on July 4, which he said would cut as much as $1.6 trillion in federal spending. Read more
Bitcoin bulls lift their price target to $137,000 as odds of a Federal Reserve rate cut increase. Key takeaways: July US CPI held steady at 2.7% year-over-year, boosting Fed rate cut bets to 93.9% for September. Key price support lies between $117,650 to $115,650, with a deeper drop potentially testing a CME gap at $95,000. Read more