Bitcoin

GameStop’s stock fell after disappointing quarterly earnings, and the company revealed it might sell its bitcoin holdings due to a decline in their value. The bitcoin purchase, made earlier this year, has underperformed, and the company’s core business is also struggling.

Fifteen years ago, Satoshi Nakamoto posted his final public message, warning about denial-of-service vulnerabilities before disappearing from the public eye. This article reflects on his last communications and the concerns that drove him away.

The Federal Reserve’s recent 25-basis-point rate cut reveals deeper concerns about the labor market and financial system liquidity, potentially creating favorable conditions for Bitcoin.

Despite a 25-basis-point interest rate cut by the Fed, Bitcoin’s price reaction has been tepid, raising concerns. Technical analysis suggests bearish patterns similar to past FOMC meetings, with potential downside targets for both Bitcoin and Ethereum.

Bitcoin fell 5% following the Federal Reserve’s rate cut, with the broader crypto market also in the red, even as the Fed announced balance sheet expansion.

A bear flag pattern on Bitcoin’s chart suggests a potential 25% drop to $67,000. Several analysts support this bearish outlook, citing overbought indicators, negative ETF flows, and low trading volume.

Bitcoin and the broader crypto market are in the red today. Despite positive news from the Federal Reserve about an interest rate cut, the market reacts with uncertainty due to internal disagreements at the Fed and a cautious outlook for the U.S. economy.

American entrepreneur Vivek Ramaswamy’s firm, Strive, has announced a $500 million ‘at-the-market’ offering to purchase Bitcoin and related products. The move underscores growing institutional interest in Bitcoin as a corporate reserve asset, with Strive already ranking among the top corporate holders.

The US Federal Reserve appears increasingly nervous about underlying weaknesses in the economy, prompting potential rate cuts and T-bill purchases. While this move aims to stabilize the financial system, analysts suggest it’s more about buying time than sparking a new bull run for Bitcoin.

Bitcoin’s traditional four-year cycle, driven by halving events, may be ending as institutional money and macro factors reshape market dynamics, according to Grayscale.