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BTC Hits $65,000 as $56M Short Squeeze Punishes Bearish Traders

Bitcoin briefly reached $65,000 on Tuesday morning, gaining 0.5% daily and over 2% weekly to push its market cap near $1.3 trillion. Bitcoin Rebounds Bitcoin briefly tapped $65,000 on Tuesday even as geopolitical tensions in the Middle East entered a critical phase following the expiration of the 60-day memorandum of understanding between the U.S. and […] from Bitcoin News https://ift.tt/4L6GaXu
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Bitcoin Whale From 2012 Suddenly Moves $13.7M After 14 Years

Amid August’s wave of dormant bitcoin suddenly waking up after the Coldcard exploit, a relic from 2012 joined the action, moving 212 BTC worth $13.72 million after sitting untouched for more than 14 years. Vintage BTC Holder Realizes a 584,725% Gain August has turned into a graveyard awakening for long-dormant bitcoin, with coins untouched for […] from Bitcoin News https://ift.tt/kIeWrXT
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Deribit Secures Dubai Broker-Dealer License via Coinbase

Deribit, the derivatives exchange Coinbase acquired for $2.9 billion, secured a Broker-Dealer Licence from Dubai’s Virtual Assets Regulatory Authority (VARA) last week, routing its spot orders directly into Coinbase’s liquidity. What the New License Changes Deribit’s Broker-Dealer Licence from Dubai’s Virtual Assets Regulatory Authority (VARA) means the exchange’s spot buy, sell, and trade orders now […] from Bitcoin News https://ift.tt/fdrzk2p
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BTC Reclaims $64K as Short Sellers Lose $57.4M in Liquidations

Bitcoin rebounded from an intraday low of $62,653 to cross $64,000, securing a nearly 2% daily gain and pushing its market cap past $1.29 trillion. Rapid Intraday Recovery Drives Liquidations On Monday, bitcoin reclaimed the $64,000 threshold just hours after the cryptocurrency fell below $63,000 and appeared on course to match its Aug. 14 lows. […] from Bitcoin News https://ift.tt/3AaCXfw
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ZEC Breaks $500 as 4.3% Daily Gain Puts XMR Further Behind

Zcash rallied over 4.3% to cross $518, bringing its market cap to $8.65 billion and widening its lead over monero (XMR). Ecosystem Progress Zcash (ZEC) surged past the $500 mark on Monday, rebounding from an Aug. 11 slump that saw it dip below $470. Market data shows the privacy coin fell from under $495 on […] from Bitcoin News https://ift.tt/Nz0l9LM
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Strategy CEO Sees 7 Fall Catalysts Bringing Bitcoin More Life

Strategy CEO Phong Le expects regulatory action, expanding bank participation, and digital financial products to bring more activity to subdued bitcoin markets, while political and economic developments could add further momentum during the fall. Le Identifies Seven Potential Market Catalysts Bitcoin markets could become more active during the fall as several regulatory, financial, and political […] from Bitcoin News https://ift.tt/qmQouaE
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Peter Todd’s Tail Emissions Pitch Sparks Bitcoin Inflation Debate

Bitcoin developer Peter Todd’s proposal to give miners a permanent stream of new bitcoin has triggered a fresh backlash from users who see the 21 million supply limit as the asset’s most important promise. The fuse was lit when Bitcoin++ posted Todd’s July 23 Toronto talk, “Tail Emissions and Demurrage,” on Aug. 14. The comment […] from Bitcoin News https://ift.tt/tE3IelN
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