Bitcoin and ether are stuck in a tight range ahead of the CPI. Here's how savvy traders are positioning for the pivotal release.
BlackRock has sharply lowered the minimum for Bitcoin holders seeking to exchange BTC directly for shares of its iShares Bitcoin Trust (IBIT), reducing the threshold from $25 million to $1 million.
BlackRock is making it easier for investors to move Bitcoin into its spot Bitcoin ETF, IBIT, potentially opening a new path for larger holders seeking exposure to the asset without immediately selling their coins. Robbie Mitchnick, BlackRocks head of digital assets, revealed the change during Bloombergs ETF IQ program on August 10.
Bitcoin price remains trapped in a narrow consolidation near $63,900 as neither buyers nor sellers have gained enough momentum to trigger a decisive breakout. The $63,000$67,000 range has become increasingly important for Bitcoins short-term price direction, with BTC currently positioned between its key moving averages.
The company now treats BTC as a managed reserve for dollar obligations, testing whether sales can remain voluntary.
Becca Amilee Rubenfeld, COO & co-founder at AnchorWatch, joins Isabelle Lee and Tim Stenovec on "Bloomberg Crypto." They discuss AI's role in the recent cold wallet Bitcoin hack, and a recent Chinese AI model that became available two weeks ago, which might be connected to the hack.
This regulatory shift could boost institutional crypto adoption, enhancing legitimacy and potentially driving broader market participation. US bank regulator opens national bank charters to Bitcoin, crypto firms.
The $11.77 million fund stops trading after the Aug. 17 close, with cash expected around Aug. 28.
Riot Platforms has signed a long-term data center lease agreement tied to Anthropic, giving the Bitcoin miner another route into AI and high-performance computing as miners continue looking beyond block rewards.
BlackRock just made a quiet but meaningful move.
Is the present market structure of Bitcoin suggesting further distribution or accumulation?
Billionaire investor Tim Draper said Bitcoin could eventually go “infinite” against the U.S. dollar, reiterating his long-term bullish view in comments shared on X. Draper linked the outlook to growing Bitcoin adoption and the potential shift toward crypto-based payments. His argument comes as Bitcoin continues expanding beyond investment markets and into everyday commerce.