Bitcoin reclaimed $80,000 after the U.S. Treasury said it would double purchases of long-dated bonds, a move Anthony Pompliano linked to money creation. Pompliano argues that abundant dollars increase the premium on scarce assets, placing Bitcoin's fixed 21 million supply at the center of his long-term thesis.
The change is merged to master, but operators must rebuild the optional index to capture the space saving and plan for another rebuild after a downgrade.
Andy Baehr, a former Morgan Stanley derivatives executive, says Bitcoin's move above $80,000 signals a new market regime. Nearly $2 billion flowed into U.S. spot Bitcoin ETFs over five sessions, while heavy short liquidations accelerated the breakout.
Bitcoin's struggle to maintain momentum, which has seen its price climb by more than 20% since Aug. 17, continued Wednesday as the cryptocurrency fluctuated between $77,000 and $79,000. Market data showed bitcoin appeared to lose momentum close to the $79,000 range, but saw growing buying pressure pull the price back toward $78,000.
Bitcoin's monster rally just hit its first real test. Here's why each catalyst matters and how it could move the price from here.
Bitcoin's growing macroeconomic appeal may drive increased institutional investment, influencing its market dynamics and future valuation. Bitcoin's macro appeal grows as regulatory concerns fade: BlackRock.
Rising U.S. fiscal concerns are driving investor demand for alternative stores of value such as bitcoin and gold, Robbie Mitchnick, BlackRock's head of digital assets, told CNBC in an interview.
BlackRock's IBIT drew $284.42 million of the $314.37 million entering US spot bitcoin ETFs on Tuesday, a seventh straight day of inflows.
Six long-dormant Bitcoin wallets have transferred 553.59 BTC worth $40.15 million after remaining inactive for periods ranging from nearly 12 years to more than 15 years.
The company has not named who will inherit Jesse Myers' implementation, analytics and investor-facing duties while directors retain overall strategy and risk authority.
Arthur Hayes predicted that Bitcoin will reach $250,000 driven by a wave of liquidity injections from governments and central banks worldwide.
Six wallets that slept through Bitcoin's entire boom woke up between Aug. 16 and Aug. 26, moving tens of millions in BTC.