A significant advancement has occurred in the UK as the government introduces a bill aiming to classify cryptocurrency as personal property. The proposed legislation, now before parliament, seeks to redefine the legal standing of cryptocurrencies, NFTs, and other tokenized assets. According to a government press release, this bill is designed to provide Bitcoin owners and […]
Bitcoin continued to slide on September 11, with markets reacting negatively despite positive U.S. macroeconomic data. BTC fell below $56,000, shedding over 3% as the U.S. Consumer Price Index (CPI) report for August showed inflation slowing, in line with expectations — 0.2% month-on-month and 2.5% year-on-year, according to the U.S. Bureau of Labor Statistics. The […]
U.S. inflation decreased to 2.5% in August, potentially setting the stage for the Federal Reserve to consider a gradual rate cut at its upcoming meeting. This decline follows a 2.9% inflation rate in July and is slightly below the 2.6% prediction from economists. The inflation figure, one of the last key economic indicators before the […]
Analysts predict that Bitcoin may experience one more significant dip before breaking out in October. According to popular crypto analyst Mags, the cryptocurrency’s chart patterns suggest that Bitcoin could see a final correction toward the $51,000 trendline before beginning its next upward move. In a post on Sept. 9, Mags stated: “Bitcoin — Last dip […]
The FBI’s Internet Crime Complaint Center disclosed in its 2023 report that Americans were swindled out of $5.6 billion due to cryptocurrency fraud, marking a 45% increase from the previous year. Crypto-related issues constituted 10% of all complaints but nearly half of the total financial losses reported. In 2023, the FBI fielded 69,000 complaints about […]
U.S.-listed spot bitcoin ETFs experienced a notable shift, recording $28.7 million in net inflows on Monday, breaking a record streak of outflows totaling $1.2 billion. This marked the first day of positive inflows in September, a month historically viewed as bearish for bitcoin. The recent outflows had reduced the total net inflows since the ETFs’ […]
Bitcoin has seen a remarkable surge in trading volume in 2024, outstripping the highs of the 2021 bull market by 20%. This growth, recorded at $2.874 trillion on centralized exchanges in just the first eight months of the year, eclipses the $2.424 trillion from 2021, marking a historic achievement for Bitcoin’s market dynamics. Factors Driving […]
Financial expert and best-selling author Suze Orman, also known for hosting the “Women & Money” podcast, recently highlighted the importance of Bitcoin in a conversation with CNBC, where she once worked and hosted her popular show from 2002 to 2016. Orman diverged from many of her peers by advocating for investment in Bitcoin, suggesting it […]
Bitcoin faces a new week amid potential shifts, clinging to crucial support levels as anticipated economic data looms large. 1) BTC price losses echo standard “Rektember” Despite avoiding significant losses at the week’s close, Bitcoin’s value remains tentative, trading near $55,000 as bulls aim for higher ground. Analysts like Caleb Franzen suggest that maintaining above […]
Over a span of eight days, the United States’ 12 registered Bitcoin ETFs experienced a total net outflow of $1.2 billion, according to Bloomberg’s latest data. Between August 30 and September 6, these outflows mark the longest stretch of net withdrawals since the ETFs were initially offered in January. During the early days of September, […]