While bitcoin's volatility worries some investors, Michael Saylor, a prominent figure at Strategy, is more confident than ever. For him, the crypto winter now belongs to the past and gives way to a new era. Can bitcoin really cross, one day, the mythical one million dollar threshold?
The Japanese company Metaplanet, which holds one of the largest corporate bitcoin reserves in the world, sees its accumulation strategy threatened by the collapse of its stock price. With a 54% drop since June, the company must reinvent its funding mechanism to pursue its crypto ambitions.
Anthony Scaramucci, the founder of SkyBridge Capital, has projected a turbulent path for Bitcoin before it eventually climbs to half a million dollars. Speaking with Coinage, the veteran investor warned that the cryptocurrency could face a sharp decline of up to 40%, even as he maintains confidence in its long-term potential.
August was marked by two opposing signals in the crypto market. Ethereum reached an unprecedented peak of activity, confirming the growing interest of investors in its ecosystem. Conversely, Bitcoin suffered a brutal shock after the massive liquidation of 24,000 BTC by a single actor. This contrast is not just a technical divergence. It illustrates an ongoing rearrangement, between regulatory innovations, strategic repositioning of players, and the evolution of the balance of power between major assets.
Behind Bitcoin's apparent stability, an imbalance threatens the network's sustainability. Since April, transaction fees have dropped by more than 80%, shaking the remuneration model of mining companies. Amid the rise of ETFs and after a demanding halving, it is Bitcoin's internal economy that is faltering. Lower fees, fewer incentives, more risks to protocol security, the crisis is here, structural, and raises a question the ecosystem can no longer ignore.
When cops play gangsters, even bitcoin becomes ransom money. In India, the Bhatt case reveals crypto-greedy police officers... sentenced to meditate in jail.
On August 30, bitcoin fell below 110,000 dollars, confirming persistent selling pressure. Technical indicators highlight a marked bearish trend, while the market hesitates to find a balance point. Between a critical support at 107,000 dollars and a solid resistance at 114,000 dollars, the next break could guide the trajectory for the coming weeks. In an uncertain economic context, tension rises among investors, divided between the fear of a new drop and the expectation of a reversal.
Driven by euphoria and records beyond $124,000, bitcoin seemed out of reach. However, the sudden break of a major technical support, a pillar of the uptrend, disrupts this picture. False alarm or real reversal signal? The question divides analysts and investors, at a time when certainties waver and volatility returns.
El Salvador has just scattered the bulk of its Bitcoin reserve across 14 new addresses, with a ceiling of about 500 BTC per wallet. The goal: to reduce the attack surface if quantum computing targeted the public keys revealed during on-chain spending tomorrow.
Saylor, former software pope turned bitcoin apostle, escapes justice... for now. But his passion for BTC dangerously flirts with the limits of accounting reality.
United States spot Bitcoin exchange-traded funds (ETFs) are now driving billions in daily trades, rivaling global crypto exchanges. Data from CryptoQuant shows that US Bitcoin ETFs are becoming a major channel for institutional access to Bitcoin.
While cryptos are establishing themselves in the global political and financial agenda, certain statements resonate with particular intensity. In Hong Kong, during the Bitcoin Asia Conference, Eric Trump stated that bitcoin would reach one million dollars. Much more than a publicity stunt, this prediction reflects a strategic vision: that of a market in full mutation, torn between regulation, institutional adoption and geopolitical ambitions, where Asia now plays a central role.
While the market oscillates between technical consolidation and the return of institutional appetite, an extraordinary movement attracts all attention. An actor holding more than 5 billion dollars in bitcoin redirects a major part of its capital towards Ethereum. The scale of the amounts, the transparency of on-chain transactions, and the timing of the operation are striking. More than a simple arbitrage, this strategic repositioning seems to redraw the power relations between the two historical pillars of the crypto universe.
The United States and the presidential circle are all-in on bitcoin while Europe continues to fall behind.
Bitcoin is currently undervalued according to JPMorgan. In a note signed by analyst Nikolaos Panigirtzoglou, the American bank estimates that BTC should reach 126,000 dollars by the end of the year, given its historically low volatility. As its risk-return profile approaches that of gold, bitcoin may be entering the most critical phase of its institutional adoption. This is a projection full of meaning for major capital allocators.
Bitcoin stands at a crossroad as traders anticipate a number of forthcoming macroeconomic announcements. At the time of writing, the flagship cryptocurrency was trading around $112,787, a small gain of 0.30% per day, but a weaker performance over the week. Despite the resilience of Bitcoin, analysts are cautious that the short run direction of Bitcoin will rely on how investors will respond to major levels of support and resistance in the coming days.
The custody of cryptos shifts to a new era. Indeed, exchanges, long dominant, are giving ground to Wall Street giants. BlackRock, through its Bitcoin and Ethereum ETFs, now establishes itself as an essential custodian, directly competing with Coinbase and Binance. This massive asset transfer illustrates the rise of traditional finance in the crypto ecosystem and raises questions about the future of historic platforms, facing a gradual loss of their central role.
Metaplanet is raising $880 million through an overseas share sale, with $835 million earmarked to expand its Bitcoin holdings.
On-chain report shows that stablecoin deposits on cryptocurrency exchange Binance have surpassed $1.65 billion. Such massive user deposits are generally known to precede increased appetite for spot assets, especially after recent market sell-offs. Interestingly, this move comes as Bitcoin crumbles under the weight of whale sheddings and heavy liquidations.
With every Nvidia earnings release, the crypto market holds its breath. For several quarters, the semiconductor giant's performance seems to evolve in parallel with that of bitcoin. Enough to intrigue traders, increasingly watching this quarterly event as a leading indicator. Even before the announcement of the second quarter, attention was not only on Wall Street but also on the blockchain order books.
While BTC maximalists brood, whales set course for ether. Bluff move? Or real metamorphosis of a market tired of its digital dinosaur?
It's not just Bayrou's France that is struggling. Europe is going through a systemic crisis that the ECB's printing press can no longer solve. Despite years of massive injections, the eurozone is sinking into a vicious circle of stagnation and unsustainable debt. It seems that this time, unlike 2008, the ECB can no longer save Europe from the crash.
Bitwise published a report predicting that bitcoin will surpass the one million dollar mark before 2035.
SharpLink Gaming has continued its aggressive Ethereum accumulation strategy, disclosing another major purchase of $252 million in ETH last week. The move brings its total Ethereum treasury to nearly 800,000 ETH, valued at around $3.7 billion, while leaving the company with $200 million in cash reserves for additional buys.
Bitcoin clears the space around it: small ones slip away, the big ones get richer. Meanwhile, the network coughs, fees drop, and ETFs flee.
After fleeing like thieves, the giants of finance return to bitcoin. Bluff, opportunity or reverse panic? Capital is swirling, the suspense remains intact.
While Bitcoin strengthens its hegemony, XRP awaits a verdict, Avalanche slips, and the crypto-sphere holds its breath: suspense, ETF lurking, and whales lying in wait.
The world's second largest crypto has achieved a historic feat by reaching a market capitalization of 500 billion dollars faster than any other major company or even Bitcoin. This achievement is accompanied by a doubling of gains for long-term holders. But how far can ETH climb before profit-taking rekindles volatility?
Larry Fink rekindled the debate. Is bitcoin primarily an everyday currency, or a store of value?
When bitcoin falters, whales sell, small holders pick up, and the Fed sneezes. Crypto, this monetary theater where everyone plays their part... often without knowing the script.