Bitcoin Rally Looms as Miner Capitulation Ends
Bitcoin recently retested $59,000, facing resistance at $62,400, and has since dipped below $60,000. Analysts working for the on-chain analytics platform CryptoQuant report that there is a possibility that Bitcoin is about to experience a new rise. It appears that miners’ capitulation has come to an end, as indicated by the recent signal from the […]
Italy’s Hype Launches Bitcoin Trading Service
Hype, previously owned by the Italian bank Banca Sella, now provides Bitcoin trading services to its customers, marking a major step forward in crypto adoption. In a recent development, Hype, formerly owned by one of Italy’s oldest banks, Banco Sella, has begun offering Bitcoin trading services to its customers. This move has sparked discussions in the market, […]
Goldman Sachs Lowers US Recession Risk to 20%
Goldman Sachs may reduce the recession probability to 15% if the August jobs report, expected on September 6, is favorable. In light of recent data on retail sales and unemployment, economists working for the global investment firm Goldman Sachs have reduced their forecast for the likelihood of a recession occurring in the United States within […]
Raoul Pal Warns US Could Manipulate Bitcoin by Stockpiling 4 Million BTC
Raoul Pal, a former executive at Goldman Sachs, does not believe that the US government’s accumulation of millions of Bitcoin (BTC) is entirely beneficial for the crypto monarch. Robert F. Kennedy Jr., an independent presidential candidate, declared at the recent Bitcoin2024 Conference that his administration would accumulate four million Bitcoin as a strategic reserve asset […]
75% of Bitcoin Has Been Held for Over 6 Months
This marks a significant increase from just a week earlier when around 45% of Bitcoin had been dormant for the same period. The data on the blockchain shows that nearly three quarters of all Bitcoin in circulation have not changed in at least six months. Glassnode’s Hodl Wave chart, which makes use of blockchain data […]