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‘Buying the top forever’ — MicroStrategy bags 21.5K Bitcoin at peak prices

MicroStrategy keeps stacking Bitcoin despite BTC hitting all-time high prices, with its co-founder Michael Saylor confident that his company will still buy it at $1 million per coin.

MicroStrategy, one of the largest corporate holders of Bitcoin, continues stacking BTC despite the cryptocurrency surging to new all-time high prices above $100,000.

MicroStrategy acquired 21,550 BTC for $2.1 billion from Dec. 2–8 at an average price of $98,783 per BTC, the company officially announced on Dec. 9.

As of Dec. 8, MicroStrategy held a total of 423,650 BTC acquired for $25.6 billion at $60,324 per BTC, MicroStrategy co-founder and former CEO Michael Saylor said in a statement on X.

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Synthetix launches multi-collateral perps on Base amid revamp

Gold’s Bull Rally Continues as Interest Rates Get Deep Cuts

Gold’s Bull Rally Continues as Interest Rates Get Deep CutsThe gold bull rally continued this Wednesday, as prices in COMEX reached all-time highs, surpassing $2,625 per ounce. Prices slingshotted up after the Federal Reserve announced larger interest rate cuts than some economists expected, lowering the rate by 50 basis points. This behavior had already been predicted by several analysts and institutions, who also expect […]

Synthetix launches multi-collateral perps on Base amid revamp

Prediction market interest fuels launch of PancakeSwap Telegram bot

Interest in prediction markets has been growing since the beginning of 2024 in the run-up to the US presidential election.

PancakeSwap has introduced its first prediction bot in response to increasing interest in prediction market products.

The new PancakeSwap prediction Telegram Bot was launched in beta on Sept. 11. It offers mobile users a convenient way to predict the future price of the BNB (BNB) token.

The new prediction bot was launched due to a growing interest in prediction markets, the PancakeSwap team told Cointelegraph:

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Synthetix launches multi-collateral perps on Base amid revamp

Financial Analysts Estimate Gold Might Reach $3,000 Propped up by Rate Cuts

Financial Analysts Estimate Gold Might Reach ,000 Propped up by Rate CutsSeveral financial analysts predict that gold prices will continue to gain ground, supported by forecasts that the Federal Reserve will cut interest rates later this year. According to Patrick Yip of American Precious Metals, the $3,000 mark could be reached as soon as next year if geopolitical issues and central bank demand persist. Financial Analysts […]

Synthetix launches multi-collateral perps on Base amid revamp

America should learn from the optimism of HODLing

History is littered with failed predictions about the future of technology. Have we learned anything along the way?

HODLing — an acronym that means "hold on for dear life" — is built on the long-term optimism that has been the driving force behind technological advancements that have forced us into modernity. It's time to take that embrace of crypto culture a step further. We should make HODLing the default American position on all technology.

Americans tend to be optimistic on general terms, but that quickly gives way to pessimism in the specific. Just a decade ago, 78% said they would not eat lab-grown meat. Today? The number has nearly flipped, with 60% now indicating a willingness to try it.

Another example of Americans being generally optimistic about technology, but pessimistic about long-term effects is the widespread belief that self-driving vehicles will become commercially available within their lifetime. One 2021 survey by the Pew Research Center found that 63% of Americans believe that fully self-driving cars will be common within the next 50 years, but they are hesitant about actually riding in one.

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Synthetix launches multi-collateral perps on Base amid revamp

Low CPI print is fodder for Bitcoin to retest all-time highs — Grayscale research head

Bitcoin’s response to the CPI report was surprisingly muted.

Lower-than-expected core inflation in the United States is fodder for Bitcoin (BTC) to retest its all-time highs, Zach Pandl, Grayscale’s head of research, told Cointelegraph on Aug. 14. 

The US Bureau of Labor Statistics (BLS) reported July Consumer Price Index (CPI) data on Aug. 14 showing annualized price increases for consumers of 2.9% — the slowest rate since 2021. That is “significant because it will allow the Fed to begin reducing rates,” Pandl said.

“Rate cuts are likely a necessary condition for sustained weakness in the US Dollar and fodder for Bitcoin to retest its all-time highs,” according to Pandl. “Fortunately for crypto investors, the incoming data may be a signal for lowering rates sooner rather than later."

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Synthetix launches multi-collateral perps on Base amid revamp

Fedwatch Tool and Polymarket Point to Highly Probable Rate Cuts by the Fed

Fedwatch Tool and Polymarket Point to Highly Probable Rate Cuts by the FedFollowing the recent volatility in global equity markets, some analysts suggest that the U.S. Federal Reserve might implement an emergency rate cut before September. In addition, market predictions are leaning toward a rate cut at the September Federal Open Market Committee (FOMC) meeting. The key question is the extent of this cut. According to CME’s […]

Synthetix launches multi-collateral perps on Base amid revamp

Plan B Predicts Repeat Performance Post-Bitcoin Halving Amid Mixed Analyst Forecasts

Plan B Predicts Repeat Performance Post-Bitcoin Halving Amid Mixed Analyst ForecastsAt block height 839,856, the Bitcoin blockchain stands a mere 144 blocks short of the forthcoming reward halving at block height 840,000. Historically, bitcoin’s price has seen substantial increases following prior halving events. However, there are speculations that this occurrence might not follow the previous pattern. This week, the creator of the stock-to-flow (S2F) price […]

Synthetix launches multi-collateral perps on Base amid revamp

Predicting Bitcoin’s Bull Run Values: Plan B’s S2F Model and Ledn CIO’s $92,000 Target 

Predicting Bitcoin’s Bull Run Values: Plan B’s S2F Model and Ledn CIO’s ,000 Target As bitcoin hovers around the $67,000 mark on March 18, 2024, there’s still widespread speculation about the potential for its price to climb even higher. The analyst Plan B continues to shed light on his well-known stock-to-flow (S2F) model, which suggests that “exponential growth” is expected to “continue.” Plan B: ‘S2F = Exponential Growth’ The […]

Synthetix launches multi-collateral perps on Base amid revamp

Bitcoin’s Warm-up Phase: Analyst Predicts a Market Evolution That Could ‘Shock’ Traditional Finance

Bitcoin’s Warm-up Phase: Analyst Predicts a Market Evolution That Could ‘Shock’ Traditional FinanceAs bitcoin remains close to its peak price levels, a wave of positive sentiment and enthusiastic vigor is enveloping the crypto sphere. This week, onchain analyst Willy Woo, the same market strategist who asserted in November 2023 that bitcoin will probably not fall under $30,000 again, is of the opinion that the latest surge is […]

Synthetix launches multi-collateral perps on Base amid revamp