Barstool’s Dave Portnoy Plans Major BTC Buy if Price Drops to $40,000

June 28, 2024 Bitcoin.com

Barstool’s Dave Portnoy Plans Major BTC Buy if Price Drops to ,000

$40000

American businessman Dave Portnoy, the founder and owner of Barstool Sports, announced that if bitcoin drops to the $40,000 range, he will invest $5-10 million worth of BTC using Barstool funds. Portnoy stated that while he personally owns BTC, he wouldn’t use Barstool money to buy at the $60,000 level. Portnoy’s Bitcoin Bet: Barstool Sports […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Ongoing Withdrawals Challenge US Bitcoin ETFs, Nearly $175M Exited Monday

June 25, 2024 Bitcoin.com

Bitcoin ETFs

At the start of the week, U.S. spot bitcoin exchange-traded funds experienced their seventh consecutive day of net outflows, losing $174.45 million during Monday’s trading session. Grayscale’s Bitcoin Trust (GBTC) was impacted most, seeing approximately $90 million in outflows. GBTC Leads Outflow as Bitcoin ETFs See Continued Decline On Monday, another day of outflows hit […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Analyst Warns of US Banking Sector Troubles, Foresees Stock Market and Bitcoin Slide

June 24, 2024 Bitcoin.com

Banking Crisis

While U.S. federal regulators, including the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve, have identified concerns with the crisis management tactics of four banks, in a recent interview with Kitco, market strategist Gareth Soloway expressed concerns. Soloway suggests something is “amiss” in the U.S. banking sector and claims that major banks are shedding […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Week of Woe: Major Crypto Assets Suffer, Some AI Coins Buck Trend

June 24, 2024 Bitcoin.com

AI coins

Over the past week, bitcoin has slid 6.6% while ethereum has lost 5.5% against the U.S. dollar, but a large handful of alternative digital assets saw much bigger losses this past week. The meme coin dogwifhat (WIF) was the week’s biggest loser shedding 31.2% while notcoin (NOT) lost 24.3% this week. Cryptocurrency Meltdown: Broad Losses […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Summer Consolidation to Precede US Election ‘Fireworks’ in Crypto Markets, Says QCP Capital

June 22, 2024 Bitcoin.com

Bitcoin

Despite several bullish indicators, including a significant bitcoin purchase by Microstrategy and optimistic projections by notable figures, bitcoin’s price action remains subdued. Market analysts at QCP Capital shed light on the underlying factors contributing to this paradox. Bullish Signs Clashing With Market Realities In its market commentary, QCP Capital mentioned how Microstrategy expanded its BTC […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Millions in Bitcoin Withdrawn After 1.96 Million AVAX Transferred to Exchanges: Zachxbt

June 22, 2024 Bitcoin.com

Avalanche

Onchain detective Zachxbt reported that an entity moved 1.96 million avalanche (AVAX) to various exchanges and subsequently withdrew millions in bitcoin (BTC) after the transaction. As of 8 a.m. EDT today, AVAX has declined almost 10% in the last 24 hours. AVAX Declines Amid Onchain Analyst’s Discovery of Major Transfers Zachxbt, a well-known onchain analyst, […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Fifth Day of Outflows Hits US Bitcoin ETFs With $139 Million in Losses

June 21, 2024 Bitcoin.com

Bitcoin

U.S. spot bitcoin exchange-traded funds (ETFs) experienced their fifth consecutive day of outflows on Thursday, losing $139.88 million. Grayscale’s Bitcoin Trust (GBTC) led the decline with a $53 million reduction, followed closely by Fidelity’s (FBTC) $51 million loss. U.S. Bitcoin ETFs Experience Sustained Outflows The 11 spot bitcoin ETFs reported $1.16 billion in trade volume […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Controversial Figure Martin Shkreli Allegedly Behind New Trump-Themed Crypto Token DJT

June 19, 2024 Bitcoin.com

bitcoin.com

Martin Shkreli, known for his previous securities fraud conviction, has reportedly claimed to co-create the DJT token, a new crypto asset themed after Donald Trump. The revelation comes as the token’s association with the Trump campaign remains unverified, stirring significant speculation and controversy. ‘Pharma Bro’ Martin Shkreli Allegedly Co-Creates Trump Crypto Token In a recent […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Digital Asset Funds Witness Major Shake-up Amid Fed’s Hawkish Stance: Coinshares

June 17, 2024 Bitcoin.com

Bitcoin

Digital asset investment products have seen substantial outflows totaling $600 million, marking the most significant withdrawal since March 22, 2024. According to Coinshares and lead researcher James Butterfill, this exodus is attributed to a hawkish Federal Open Market Committee (FOMC) stance, leading investors to reduce their exposure to fixed-supply assets like bitcoin. Coinshares Flow Report […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Keith Gill Boosts Gamestop Stake, Becomes Fourth Largest Shareholder

June 14, 2024 Bitcoin.com

bitcoin.com

Keith Gill, also known by his alias ‘Roaring Kitty,’ has significantly increased his investment in Gamestop, now holding nine million shares, which positions him as the fourth largest shareholder. His portfolio value has risen to around $268 million after he strategically exercised call options to acquire additional shares at $20 each. Gamestop’s share price fluctuated, […]

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