Bitcoin Retests $87,000 After Friday’s Sharp Reversal
Bitcoin came within $4 of $87,000 on Coinbase before retreating on Monday, following Friday’s climb above the level and late-session sell-off.
Bitcoin - Page 10
Bitcoin is the first and most widely recognized cryptocurrency, created as a decentralized digital alternative to traditional money. It operates on a public blockchain that records all transactions transparently and immutably, without relying on banks or central authorities. Bitcoin introduced the concept of peer-to-peer digital value transfer, secured by cryptography and a global network of miners. Its fixed supply of 21 million coins is designed to make it scarce, often leading to comparisons with digital gold. Over time, Bitcoin has evolved from a niche experiment into a globally traded asset, widely used as a store of value, investment vehicle, and benchmark for the entire crypto market.
Latest Bitcoin News
VanEck’s Sigel Sees $500,000 Bitcoin in This Cycle or the Next
VanEck’s Matthew Sigel sees a path to $500,000 Bitcoin by capturing part of gold’s monetary role, while highlighting quantum risks and miners’ AI opportunity.
Tether Plans USDT Return to Bitcoin With Utexo’s RGB Rollout
Utexo plans private USDT transfers and BTC/USDT swaps through RGB, with Lightning expansion to follow as wallet partners prepare for the rollout.
Bitcoin Briefly Tops $86,500 as Crypto Short Liquidations Hit $129M
Bitcoin reached about $86,885 before retreating, while CoinGlass recorded roughly $129 million in crypto short liquidations over four hours.
IMF Approves $138M for El Salvador After Bitcoin Waiver
The IMF granted a Bitcoin accumulation waiver to release about $138 million, while maintaining limits and citing private donations behind recent additions.
Citi Raises Bitcoin Forecast to $113,000 as ETF Demand Returns
Citi has lifted its 12-month Bitcoin target, with adviser allocations and renewed ETF demand supporting its outlook for 2027.
Bitcoin Briefly Tops $85,000 After Core PCE Misses Forecasts
Bitcoin briefly topped $85,000 after August core PCE came in at 3.0%, below the 3.3% consensus, before giving back its initial gains.
Federal Reserve Monetary Policy Poses Bigger Threat to Bitcoin Than Legislative Delays, Analyst Warns
A potential second Federal Reserve interest rate hike poses a far greater immediate risk to Bitcoin's price trajectory than legislative delays surrounding the Senate's CLARITY Act,…
Michael Saylor Sees Bitcoin “Gold Rush” Through 2035
Michael Saylor expects bank lending to support Bitcoin’s next growth phase, while Strategy ties further purchases to its ability to raise capital.
Bitget Begins Phased Withdrawal Restoration Following Revised $387.5M Exploit
Bitget has initiated a phased rollout to restore withdrawal services following a $387.5 million exploit, confirming that its $464 million Protection Fund will absorb all financial…