Bitcoin enters the week up 23% in August, but PCE inflation, revised U.S. GDP and Jackson Hole could challenge the rally. Core PCE estimates range from 3.2% to 3.3% annually, while Fed Chair Kevin Warsh's first Jackson Hole keynote may reshape rate expectations.
Bitcoin's surge highlights the volatile nature of crypto markets, driven by short squeezes and regulatory optimism, but sustainability remains uncertain. Bitcoin reclaims $79,000 amid renewed market focus.
Bitcoin has just seen a new parallel chain appear. eCash launched its Alpha phase on August 23 at block 963,648.
Bitcoin just closed its biggest weekly candle of all time in notional value, and 10 alt leaders put up 50%+ gains in massive crypto rebound.
Shares of BTC Digital (BTCT) experienced a dramatic 54% surge during Monday's premarket hours following the company's announcement that its Georgia-based cryptocurrency mining facility has completed construction.
Strategy held off on new Bitcoin buying, maintaining holdings at 840,447 BTC as it launched a $1.59 billion cash pool after raising $2 billion from MSTR stock sales.
Strategy bought zero bitcoin last week, choosing instead to stack billions in cash and buy back preferred stock as Michael Saylor's company loaded its balance sheet for whatever bitcoin or its own securities throw at it next. The Tysons Corner, Virginia-based company revealed on Monday, Aug.
Treasury secretary Scott Bessent could be about to deliver a fresh, $1 trillion boost to the bitcoin price
Michael Saylor told followers on August 24 to “think like a ₿illionaire,” sharing a video arguing that Bitcoin passes what he calls the Bernard Arnault test. His framework puts long-term desirability at the center of Bitcoin's investment case, rather than focusing only on near-term price appreciation. Think like a ₿illionaire. pic.twitter.
Strive's aggressive Bitcoin accumulation strategy highlights a growing trend of corporations leveraging equity markets for crypto investments. Strive buys additional 1,110 Bitcoin, increasing total holdings to 21,356 BTC.
Bitcoin dominance measures BTC's share of total crypto market capitalization. It is the single most watched macro indicator for timing capital rotation between bitcoin and altcoins.
Bitcoin rebounded from $75,500 to around $77,500 after reaching nearly $80,000 on Friday, leaving BTC 21% higher than a week earlier. Zcash approached $900, Ethereum moved above $2,450, XRP neared $1.50 and BNB touched $700 as momentum broadened beyond Bitcoin. Total crypto market capitalization rose about $30 billion to $2.