Bitcoin has been presented as a possible neutral reserve asset after an old video of U.S. Vice President JD Vance resurfaced in which he questioned whether the dollar's reserve currency status ultimately benefits the United States.
Bitcoin has suddenly surged by more than 10% over the last 24 hours
BTC-gold correlation hit a two-year record higher underscoring a regime shift
Institutional capital inflow, short liquidations and technical breakout push Bitcoin price past $69K.
Bitcoin hit $70,000 for the first time since June 2 as billions in shorts were liquidated. The traders who called the squeeze now warn of a bull trap toward $44,000.
BlackRock leads eight funds with fresh capital while Bitcoin challenges its 200-day average near $69,000.
The rebound of bitcoin toward $69,000 is gaining strength. Geoff Kendrick, analyst at Standard Chartered, links this progression to an improvement in liquidity.
Bitcoin ETFs posted their biggest daily inflow since May, pulling in $517 million as BTC rallied above $69,000.
Metaplanet will contribute 2,100 BTC and $2.5 million in cash to Nasdaq-listed Super League, creating a U.S. bitcoin treasury platform called Superplanet. The transaction will give the Japanese company control of the business while linking capital markets in Tokyo and New York under one treasury strategy. Metaplanet Extends Bitcoin Strategy to Nasdaq With $134.
Bitcoin surges toward $70,000 in the largest short squeeze since 2021, liquidating over $1 billion in bets. Here's what's next for BTC price and where early-stage plays like LiquidChain fit in.
Bitcoin was in demand again after a strong Wednesday after-hours session, which saw it move from $64,000 to briefly touch $70,000 for the first time since June as investors returned to riskier assets. In early trading on Thursday, the cryptocurrency was changing hands for $69,931.49, up around 1%.
Bitcoin is showing some of the strongest capitulation signals of the current downturn, suggesting the selloff may be entering a later stage even as the market offers little evidence of an imminent rebound.