
Bitcoin Hits Major Milestone as BTC Price Hits $107K, New ATH Soon?
Bitcoin has broken above $107,000 as its realized cap hits an all-time high while governments quietly boost exposure through Strategy shares.
Bitcoin has broken above $107,000 as its realized cap hits an all-time high while governments quietly boost exposure through Strategy shares.
Spot Bitcoin ETFs drew $667 million in net inflows on May 19 amid an approaching “golden cross” that hints at long-term bullish momentum.
Singapore-based DigiAsia Corp plans to raise $100 million to build a BTC treasury, along with assigning 50% of net profits to new BTC purchases.
Analysts anticipate a “golden cross” pattern on Bitcoin’s chart, a bullish signal where the 50-day SMA crosses above the 200-day SMA.
Bitcoin’s march toward a new ATH is accelerated not just by bullish technicals, but by a corporate buying frenzy, with Metaplanet buying 1004 BTC.
Bitcoin continues to struggle below the $105,000 resistance, trading in a narrow range despite a surge in volume and a bullish Golden Cross signal.
UBS’s Amy Lo says wealthy investors are diversifying away from US dollar assets into Bitcoin and gold amid persistent tension between China and the US.
Bitcoin will likely hit a new all-time high, and Strategy will accumulate more BTC soon, speculators on Polymarket expect.
Twenty One Capital has scooped up 4,812 BTC for $458.7 million, as Bitcoin flirts with the $105K mark and retail investor activity upticks.
The US and China have temporarily reduced tariffs, easing trade war tensions, pushing Bitcoin and altcoins higher as analysts share mixed takes.
Japan’s Metaplanet has overtaken El Salvador in Bitcoin reserves after a $129 million purchase of 1,241 BTC.
Author of ‘Rich Dad Poor Dad’ has spoken out against fiat money, advising American investors to invest in Bitcoin and precious metals instead.
Michael Saylor highlighted a shift in Bitcoin ownership, with long-term holders selling their assets as new investors, particularly those leveraging Bitcoin ETFs.
Bitcoin has surged past $100,000 for the first time in months, reigniting bullish sentiment as all UTXO age bands are now in profit.
Bitcoin, along with the broader crypto market, started to gain bullish momentum following steady US Fed rates.
Bitcoin News Today
Bitcoin (BTC) news covers all information on Bitcoin and other related cryptocurrencies. Bitcoin is a digital currency that was created in 2009 by anonymous founder Satoshi Nakamoto and has since gone on to lead the rise of other digital currencies like it, such as Ethereum (ETH), Ripple (XRP), Litecoin (LTC), EOS, Binance Coin (BNB), Monero (XMR), Bitcoin Cash (BCH) and Tether (USDT) among others. The cryptocurrency is decentralized and thus can be sent and transacted over its own peer to peer Blockchain network without a middleman verifying a transaction.
Bitcoin Adoption
Bitcoin (BTC) has grown in leaps over the decade and has had it’s worth multiply in hundreds and thousands since January 2009 when the first BTC block was mined. Bitcoin transactions are irreversible and pseudonymous amongst other properties. Confirmed transactions on the Bitcoin Blockchain network cannot be undone, which in its way also contributes to the strong security associated with BTC.
Over time the awareness that bitcoins like most crypto currencies operate outside the control or regulation of any third parties such as banks, financial institutions, or the government triggered a wakeup call directed to the risks investors may be exposed to when involved in this venture.
Venturing in Bitcoin
Apart from being trustless, the crypto coin is also permissionless, which sets it apart from traditional fiat currencies and government issued money. The cryptocurrency exchange is also important in bitcoin transactions and the overall ecosystem. You’ll need a cryptocurrency exchange to exchange fiat currencies or regular-coins for some BTC.
Bitcoin Mining
Bitcoin mining operations are done to issue new BTCs into the market, with the overall BTCs eligible for circulation set at 21 million. At present, Bitcoin now has more than 18 million coins in circulation and its next halving event, which would reduce its mining rewards by half for the third time, has been slated for May 2020. At present, Bitcoin has a total market capitalization higher than $110 billion and has hit records higher than 300 billion in the past. The next few years might see Bitcoin eclipse its previous records.