Stablecoin growth may reshape T-bill demand, posing financial stability risks and necessitating robust collateral to prevent market disruptions.
The post US Treasury see stablecoins driving ‘structural demand’ for T-bills appeared first on Crypto Briefing.
Bitcoin fell short of its all-time high, but multiple Bitcoin price metrics show BTC price on target to hit new all-time highs
Bitcoin (BTC) surged 9.7% from Oct. 27 to Oct. 29, reaching a peak of $73,575, before paring gains to retest the $71,500 level on Oct. 30. Despite Bitcoin’s price correction, several indicators—including derivatives market activity, onchain metrics, and stablecoin demand—suggest a solid foundation for a sustained rally above $73,000 in the near term.
But, the Bitcoin futures premium—a key gauge of leveraged demand—signals strong conviction from bullish investors.
Bitcoin 2-month futures premium. Source: laevitas.ch
The ban on Bitcoin mining in certain Russian regions highlights the tension between energy demands and the sustainability of crypto activities.
The post Russia to ban Bitcoin mining in select regions due to power shortages appeared first on Crypto Briefing.
Robinhood's move into election betting highlights the growing intersection of finance and politics, potentially reshaping market dynamics.
The post Robinhood debuts presidential election betting, stock climbs 4% appeared first on Crypto Briefing.
Morgan Stanley analysts caution that the 2024 U.S. presidential election could unleash severe market volatility, driven by prolonged ballot counting, economic uncertainty, and unpredictable voter sentiment. Election Delays and Surprises: Morgan Stanley Predicts Shifts in Market Paths Morgan Stanley analysts Monica Guerra and Daniel Kohen examined the potential market impacts of the 2024 U.S. presidential […]
Bitcoin’s bounce back to $68,000 raises the chance of a rally in SOL, DOGE, RUNE and BGB.
Bitcoin (BTC) is down just over 2% this week, but a positive sign is that the buyers have not allowed the price to sustain below $65,000. That started a recovery, pushing Bitcoin above $67,500 on Oct. 27. Kraken analysts believe that Bitcoin’s “trend should remain constructive” as long as Bitcoin stays above $66,500.
However, not everyone is bullish on Bitcoin’s prospects in the near term. Crypto analyst Luca said in a post that Bitcoin could witness “another flush to 60K,” before a local bottom can be confirmed.
Crypto market data daily view. Source: Coin360
Russia's new Bitcoin mining regulations could reshape global crypto dynamics, influencing digital currency adoption and international trade strategies.
The post Russia enacts control measure on Bitcoin mining operations appeared first on Crypto Briefing.
Microsoft’s upcoming vote on whether or not to build a Bitcoin position is just another sign of corporations’ and institutional investors’ growing interest in BTC.
On Oct. 24, a filing by Microsoft Corp. (MSFT) with the United States Securities and Exchange Commission (SEC) revealed an unexpected item on the agenda for its upcoming annual shareholder meeting on Dec. 10.
Alongside routine votes—such as the election of directors, the ratification of its independent auditor, and reports on AI misinformation—one proposal stood out: an "Assessment of Investment in Bitcoin." Interestingly, Microsoft's board recommended shareholders vote against it.
As of its second-quarter 2024 financial report, Microsoft held $76 billion in cash and equivalents. If shareholders pushed the company to allocate even 10% of that to Bitcoin, it would represent a massive $7.6 billion investment.
Bulls aim to knock out Bitcoin’s all-time high before the US elections wrap up. Will altcoins follow?
Bitcoin (BTC) is facing resistance near $69,000, but the bulls have kept up the pressure. As the price nears the top of the range, the bears are likely to pose a strong challenge. However, analysts expect the range-bound action to end following the result of the upcoming United States elections.
Standard Chartered Bank analyst Geoff Kendrick said in a research note that Bitcoin could surge to $125,000 by the end of the year if the Republicans sweep the US Congress after the Nov. 5 elections.
Another bullish projection came from Bitwise’s head of alpha strategies, Jeff Park, who said in a post on X that Bitcoin could reach $92,000 if Donald Trump wins the US Presidential elections.
MicroStrategy's stock surge highlights its strategic alignment with Bitcoin, potentially positioning it as a major player in crypto finance.
The post MicroStrategy stock reaches 25-year high at $245 ahead of Q3 earnings report appeared first on Crypto Briefing.
