Bitcoin (BTC) News

Santiment reports that Bitcoin wallets holding 100 to 1,000 BTC have accumulated significant holdings, signaling smart money interest. However, rising 10-year Treasury yields and macroeconomic pressures have recently dragged Bitcoin below key price levels.

AI-assisted developers cut quantum-safe Bitcoin transaction costs by 79%, reducing estimated compute expenses from $320 down to $66 through a coding challenge organized by StarkWare, Yukon Research, and Eigen Labs.

Jim Cramer recently outlined investment discipline rules like avoiding panic-selling and holding cash, yet the Inverse Cramer community doubts him due to his past contradictions and the popularity of betting against his picks.

The US Treasury's 5-year note auction reached its highest yield since 2006, signaling weak demand and rising borrowing costs that recently put downward pressure on Bitcoin and other risk assets.

A Bitwise survey reveals that 15 major institutional investors refused to sell their Bitcoin holdings during a 50 percent market crash, viewing the asset as a digital store of value.

Bitcoin dropped below $84,000 following a surprise jump in US business activity that sent Treasury yields to a 19-year high and raised expectations for further Federal Reserve rate hikes.

Bitcoin has climbed 13% since the Federal Reserve's rate hike, driven by Wall Street fund purchases. Key factors include resolved regulatory uncertainty, fading fears over higher interest rates, and favorable technical charts.

As Wall Street turns bullish and September anxieties fade, Bitcoin rises over six percent to near eighty-six thousand dollars. Analysts debate whether the cryptocurrency will maintain its correlation with the broader stock market rally.

Cryptocurrency analyst Benjamin Cowen admitted his bearish prediction failed after Bitcoin surpassed $85,000 and triggered a massive short squeeze, invalidating his expectations of an October market bottom.