Chuyên mục lưu trữ: Bitcoin

Tin tức Bitcoin sẽ giúp bạn có được thông tin mới nhất về những gì đang diễn ra trên thị trường Bitcoin. Tìm hiểu thêm về xu hướng lưu hành của nó và “khai thác Bitcoin” bằng cách dành chút thời gian cho Tin tức Bitcoin quan trọng nhất hàng ngày.

Bitcoin (ký hiệu: BTC, ) là một loại tiền mã hóa, được phát minh bởi một cá nhân hoặc tổ chức vô danh dùng tên Satoshi Nakamoto dưới dạng phần mềm mã nguồn mở từ năm 2009. Bitcoin có thể được trao đổi trực tiếp bằng thiết bị kết nối Internet mà không cần thông qua một tổ chức tài chính trung gian nào.

Bitcoin là vua của thị trường tiền mã hóa trong hàng chục nghìn đồng tiền khác nhau. Bitcoin ra đời đầu tiên và được sử dụng rộng rãi nhất trong thanh toán điện tử. Các doanh nghiệp có xu hướng muốn thanh toán bằng Bitcoin để giảm thiểu chi phí. Tích hợp sẵn trong giao thức Bitcoin là công nghệ blockchain.

Bitcoin price dives to $66k ahead of FOMC decision; bullish analyst says “we’ve seen this before”

Bitcoin price slumped nearly 5% on Tuesday, hitting lows of k as the crypto market turned negative ahead this week’s FOMC meeting.

BTC price dropped to lows of ,018 on Coinbase to wipe out gains seen when prices reached highs of ,974 last Friday.

CoinGecko data showed Bitcoin traded nearly 5% down in 24 hours. The flagship cryptocurrency has pared weekly gains and was down 6% during this period at the time of writing.

Why is Bitcoin price down on Tuesday?

The benchmark cryptocurrency’s struggles this week come after spot Bitcoin ETFs snapped a decent 19-day streak of net inflows on Monday. Data showed the sector recorded outflows of about million.

Also on Tuesday, a Bitcoin wallet that had been dormant for more than 5 years, suddenly woke up and transferred 8,000 BTC worth more than 5 million to several addresses, including Binance.

According to Lookonchain, this wallet received 8,000 BTC on December 6, 2018. The price of Bitcoin was ,810 at the time.

Risk-off mood ahead of CPI and FOMC

While price remains well above the psychological ,000 level, the upcoming FOMC minutes and Fed Chair Jerome Powell’s commentary has investors keenly watching.

It ties in with the overall macro environment, including the economic reports expected this week, and market experts have signaled this as a scenario that could feature highly on investors’ list of factors to consider.

“Markets are risk-off mode ahead of CPI and FOMC tomorrow. This month’s FOMC will also release the Dot Plot, which informs the market how many cuts the Fed anticipates for the rest of 2024,” analysts at QCP Capital, a global digital asset trading firm and market maker, said.

Analyst: ‘we’ve seen this before’

Although prices could dip further ahead of these macroeconomic reports and Fed’s interest decision, pseudonymous crypto analysts Moustache and Max say FOMC has historically been bullish for Bitcoin.

“FOMC tomorrow and $BTC forms a bullish inverse head & shoulders pattern here. The past FOMC meetings have already marked the low of the left shoulder + head. Right shoulder next?” crypto trader Moustache pointed out to his 123,000 X followers.

Sharing a Bitcoin price chart with FOMC meetings mapped on it, Max notes the last three have coincided with a dip and then a bullish flip. “We’ve seen this before,” the analyst posted on X.

“Bitcoin loves to rebound after every FOMC meeting,” another crypto analyst Ali Martinez noted.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Best crypto to buy now: June 2024

The crypto market is heating up, with the overall market cap rising by 12% over the last month. So what’s the best crypto to buy right now?

The answer, as always, is that it depends. Your risk appetite, goals, and the balance of your overall portfolio will likely inform your choice. We can, however, show you some interesting options!

How to choose the best crypto to buy right now

Here are a few common factors we take a look at when assessing the best altcoins to buy now.

  • Market Capitalization
  • Recent Performance
  • Technological Advancements
  • Upcoming Catalysts
  • Community Support

This isn’t a straightforward case of picking projects with higher market caps or great recent price performance. Sometimes an investor prefers to find a small-cap project to invest in, although these are higher risk. Some investors may also prefer crypto with poor recent price performance due to the perception that it may be undervalued.

Top cryptos to buy now

Let’s kick, things off and check out our list of cryptos!

1. Ethereum (ETH)

Ethereum will very often make the list of best cryptos to invest in no matter who’s making it. Ethereum is the leading blockchain network underpinning the flourishing Web3 and DeFi industries, with countless potential use cases.

Potential Price Catalyst

  • ETF Approval: The SEC’s recent approval of Ethereum ETFs is expected to drive significant capital inflows.
  • Scalability Upgrades: Upcoming Layer 2 solutions could increase the number of transactions Ethereum can handle while also reducing fees.

Should I buy Ethereum now?

With institutional investments on the rise and continuous technological improvements, Ethereum could be poised for significant growth. Its ongoing upgrades and the potential price surge from ETF trading make it an attractive candidate to interested investors, while issues like a lack of regulatory compliance or a wider market downturn could negatively impact the price.

2. Bitcoin (BTC)

Needing no introduction, Bitcoin is the world’s first cryptocurrency and remains the largest with a huge market cap of .3 trillion, dominating the market.

Potential Price Catalyst

  • Bitcoin Halving: Recent halving events have historically coincided with price increases.
  • ETF Approval: Like Ethereum, Bitcoin ETFs have recently been approved, attracting more institutional investment.

Should I buy Bitcoin now?

Bitcoin is an interesting prospect. It was literally the best performing asset class in the world throughout 2024 and the previous year, outshining stocks and commodities alike. For that reason, a BTC investment may be a double-edged sword.

It’s appealing due to the impressive price history, but the fact that BTC is near an all-time price high may put some investors off, with many preferring to buy in at what they feel is a lower point in the future price trajectory.

3. Binance Coin (BNB)

BNB is the native token to the Binance exchange and Binance Smart Chain, offering discounts on trading fees to users and thus providing quite a lot of practical utility.

Potential Price Catalyst

  • DeFi Integration: BNB’s integration with Binance Smart Chain supports numerous DeFi projects.
  • User Benefits: BNB holders enjoy reduced trading fees and exclusive token sales.

Should I buy Binance Coin now?

Binance Coin saw a fairly hefty 27% price fluctuation this past week, with high trading volume and volatility providing plenty of swing trading opportunities for savvy investors.

Of course, the coin is also being held by long-term investors. BNB has a very valuable use case, but is also vulnerable to the successes and failures of the Binance exchange which has recently been embroiled in a money-laundering scandal.

4. Solana (SOL)

No list would be complete without at least one contender for the Ethereum throne, and here we’re going with Solana. The network allows for rapid transactions and low fees, giving it a potential advantage over Ethereum if upcoming Ethereum network updates prove underwhelming.

Regardless, Solana is building out its own community and projects, with a growing number of developers creating apps on the platform.

Potential Price Catalyst

  • Cross-Chain Integration: Integration with LayerZero for cross-chain transfers enhances its functionality.
  • Stablecoin Launch: PayPal’s stablecoin launch on Solana highlights its growing ecosystem.

Should I buy Solana now?

Solana has remained relatively flat price-wise over the last month, with a 10% increase in 30 days and a 1% drop over the last week as the price continues to bounce off of established levels of support and resistance.

5. Polkadot (DOT)

Polkadot is a major project working on something crucial to the success of the blockchain industry, namely interoperability. The goal of the project is to enable multiple blockchains to work together and transfer information and funds between each other with full compatibility.

Potential Price Catalyst

  • Parachain Technology: Unique technology supporting scalability and interoperability.
  • Developer Community: Strong support from developers ensures ongoing innovation.

Should I buy Polkadot now?

Polkadot prices are down almost 8% in the last week, and it is now trading at .57 and battling to stay above crucial levels of resistance at .40. This presents an interesting case for traders looking to buy potentially undervalued projects, although of course, timing the bottom is no easy feat.

Final thoughts on the best crypto to buy now

Ethereum and Bitcoin remain the top choices for many analysts throughout the industry due to the popularity and functionality of these household-name cryptos. However, Solana, Binance Coin, and Polkadot are also interesting contenders at the moment due to a mixture of the unique price action and possible price catalysts exhibited by each coin.

At the end of the day, risk management is key. When choosing the best crypto to buy today, investors typically set specific price targets and stick to a strict set of rules when it comes to their profit-loss ratio and other best practices of crypto trading.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Tucker Carlson interviews Nayib Bukele. Did they talk crypto?

Generally speaking, Tucker Carlson’s interviews tend to generate more light than heat — with guests who are carefully chosen because they align to his world view.

Tucker Carlson has established himself as one of the world’s most divisive right-wing pundits.

Since abruptly leaving Fox News, he’s performed cozy interviews with some of the world’s biggest autocrats — Russia’s Vladimir Putin and Hungary’s Viktor Orban among them.

Another now joins the list: El Salvador’s Nayib Bukele.

Bukele has won plaudits in crypto circles after his Central American nation became the first to adopt Bitcoin as legal tender in September 2021. But it’s been a pretty bumpy ride.

According to the University of Central America’s Public Opinion Institute, just 12% of Salvadorans actually transacted in BTC last year. The adoption rate for remittances, where foreign workers send funds home to their loved ones, is even lower at 1%.

And though Bukele made a huge splash about creating “Bitcoin City” at the base of a volcano, as the 2021 bull market hit its dizzying peak, the crypto-inspired metropolis hasn’t materialized.

The one bright spot of the president’s audacious bet? El Salvador’s stockpile of BTC has skyrocketed in value after spending many months in the red. According to NayibTracker.com, the country now owns 5,777 BTC worth 9.9 million, with paper profits of million.

Source: NayibTracker.com

Bitcoiners were enthralled in the early days of Bukele’s experiment when he would announce huge new BTC buys in a Michael Saylor-esque fashion.

But those announcements started to dry up around July 2022 after the markets tanked, with BTC having suffered a stomach-churning drop from ,000 to ,000 in just nine months.

November of that year marked the start of a more subtle, less showy crypto strategy: instead, the president declared that El Salvador would now start buying one Bitcoin every day. 

Records from the wallet’s address show that Bukele has persevered with this strategy — and the balance has incrementally grown by 1 BTC on a daily basis right up until now.

Source: mempool.space

But for Bukele fans hoping for a grand Bitcoin update in his Tucker Carlson interview, they were to be left bitterly disappointed. Why? Because the cryptocurrency wasn’t even mentioned once.

Instead — the main themes of the discussion had names like “Bukele’s mission to save El Salvador”, “Bukele’s three-point economic plan” and “Is Western civilization dying?”

Generally speaking, Carlson’s interviews tend to generate more light than heat — with guests who are carefully chosen because they align to his world view.

Bukele was given a platform to reiterate claims from Salvadoran security officials that the homicide rate has plunged to 2.4 per 100,000 people — much lower than the U.S.

But independent observers have questioned these figures and claim this data is “not truthful” because violent deaths across the nation are “highly underreported.” 

A state of emergency was also imposed by Bukele to tackle gangs and reduce crime on the streets, a policy that has been rated highly among the population.

However, there are allegations that many of the 76,000 arrests were made so with little evidence — and in a detailed report, Amnesty International documented “the systematic use of torture and other abuse against prisoners.” This wasn’t mentioned in the interview.

Carlson also approvingly described Bukele as “literally the most popular elected leader in the world,” but this doesn’t tell the entire story either.

El Salvador’s constitution had long declared that presidents can only serve one consecutive term. But judges in the country’s top court were sacked, with newly appointed justices then deciding that Bukele could run again. A landslide victory later followed, and the president has already hinted a third term may be on the horizon.

Overall, this was an hour-long interview that was light on nuance and hard questions and extremely heavy on compliments for Bukele’s leadership. But there’s a much bigger picture here, as opposition politicians and everyday Salvadorans would tell you.

Equally, in the world of crypto, it can be very easy to be full of praise for Bukele — who has openly described himself as “the world’s coolest dictator” — because of his passion for Bitcoin.

But this is one small element of what defines Bukele and his leadership of a country where 27% of the population is in poverty.

As a Bitcoiner would say to someone worried about a sudden drop in price, it’s important to zoom out.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Australia implements sweeping ban on credit and crypto for online betting

The Australian government is banning the use of credit cards and cryptocurrencies for online betting in its latest bid to mitigate gambling problems troubling the nation.

According to a local report on June 11, the ban extends to credit cards linked to digital wallets, cryptocurrencies like Bitcoin, and any other novel forms of credit. This means Australians can no longer place bets through borrowed funds or anonymous digital currencies.

The latest regulation for online betting aligns with that of physical casinos, which have also banned the use of credit cards. However, the regulations do not apply to online lotteries, which still allow credit card payments.

Kai Cantwell, CEO of Responsible Wagering Australia, is urging the government to expand this ban to include forms of gambling that are currently exempted.

“This is an important measure to protect customers, making it easier for people to stay in control of their own gambling behavior,” said Cantwell.

Last year, lawmakers voted to approve the amendment to the Interactive Gambling Act 2001. The act prohibits gambling providers from offering certain online services to people in Australia.

Following this, gambling service providers were given a six-month transition period to comply with the changing regulations. Companies that fail to comply with the ban risk fines of up to AU4,750 (around 5,000).

The communications regulator has also been granted greater authority to enforce these restrictions.

Additionally, the federal government is mulling over a proposal that will see the elimination of gambling advertisements over three years. This suggestion was one of 31 recommendations floated during a parliamentary inquiry on gambling issues plaguing the nation.

Communications Minister Michelle Rowland mentioned that the government would announce more rules it plans to implement to prevent gambling in the future.

“Australians should not be gambling with money they do not have,” she said.

In the past, Australia had a flourishing market for online casinos accepting payments via digital currencies like Bitcoin. The fast and anonymous transactions offered by these cryptocurrencies were appealing to gamblers.

One study even revealed that in 2019, a substantial 30.7% of Australian gamblers engaged in online gaming using cryptocurrencies.

Recently, tax officials from the land Down Under have been targeting millions of crypto investors, seeking their personal information and details from crypto exchanges.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Crypto deposits to Chinese precursor makers surge 600% in 2023

Blockchain intel firm TRM Labs says China-based precursor manufacturers received over million in crypto in 2023, with around 60% of payments were made in Bitcoin.

Cryptocurrency appears to be becoming a more preferred payment method for Chinese drug manufacturers as the amount of crypto deposited into wallets linked to these entities soared sixfold from 2022 to 2023, according to TRM Labs, a blockchain intel firm backed by JPMorgan Chase, Visa, Citi, and PayPal among others.

In a recent research report shared with crypto.news, analysts at TRM Labs revealed that deposits into addresses linked to Chinese drug producers more than doubled in the first four months of 2024 compared to the same period in 2023. In 2023, Chinese precursor networks received over million, with 11 manufacturers accounting for “over 70% of all crypto-denominated sales of drug precursors.”

“Crypto funds sent to Chinese precursor manufacturers primarily come from unhosted wallets, cryptocurrency exchanges, and payment services; the manufacturers’ wallets are most commonly hosted at exchanges.”

TRM Labs

Approximately 60% of crypto payment volume to Chinese precursor manufacturers occurred on the Bitcoin blockchain, followed by 30% on the TRON blockchain and about 6% on the Ethereum blockchain, the data shows. Despite the surge in crypto payments, Chinese manufacturers also appear to be comfortable with accepting payments in fiat currencies via PayPal, MoneyGram, Western Union, and bank transfers.

Drug sales by blockchain | Source: TRM Labs

According to TRM Labs’ study, Chinese drug precursors mainly target Canada, the Netherlands, Australia, Germany, and the U.S., as their top countries for shipping. However, there are also advertisements targeting Russia and neighboring countries for mephedrone precursors.

In April, a U.S. congressional committee reported that China subsidizes the production of illicit fentanyl precursors, fueling the U.S. opioid crisis. The committee reportedly found that China provides value-added tax rebates to companies manufacturing fentanyl analogs, precursors, and other synthetic narcotics, provided they sell them outside China.

As another blockchain intelligence firm, Elliptic, earlier noted, fentanyl is favored by drug cartels due to its lower production cost compared to heroin and its potency, which is 50 times stronger, making it the leading cause of death for Americans aged 18-45.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Spot BTC ETFs record first day of outflows in 4 weeks

The constant inflows of the spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. have come to an end after four weeks.

According to data provided by Farside Investors, spot BTC ETFs in the U.S. recorded .9 million in net outflows on June 10 — ending their four-week winning streak. The majority of the outflows belong to Grayscale Bitcoin Trust (GBTC) — registering .5 million in outflows.

The Invesco Galaxy Bitcoin ETF (BTCO), Valkyrie Bitcoin Fund (BRRR) and Fidelity Wise Origin Bitcoin Fund (FBTC) each saw .5 million, .8 million and million in outflows, respectively. 

On the other hand, only Bitwise Bitcoin ETF (BITB) and iShares Bitcoin Trust (IBIT) recorded inflows of .6 million and .3 million, respectively. 

It’s important to note that the total net inflows of spot BTC ETFs in the U.S. have surpassed the .6 billion mark, thanks to the four weeks of constant inflows — recorded over billion in net inflows between May 13 and June 7.

The bearish sentiment comes as investors take a cautious approach ahead of the U.S. CPI data release, scheduled for June 12. Last month, the CPI came at 3.4%, as expected, which eventually brought market-wide bullish sentiment.

Consequently, the global crypto market capitalization declined by 2.8% in the past 24 hours and is hovering at .59 trillion, according to data from CoinGecko.

Bitcoin plunged to ,600 and Ethereum (ETH) is closing down to the ,500 mark. At this point, 94 of the leading 100 cryptocurrencies are wandering in the red zone.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Bitcoin, Ethereum exchange balances at 4-year low 

Bitcoin and Ethereum user balances have dropped to levels not seen since 2020.

Glassnode data revealed that user balances of Bitcoin (BTC) and Ether (ETH) on centralized exchanges reached a four-year low as investors held out for higher prices in a bull market. 

BTC balances dipped to below 2.3 million coins, valued at around 0 billion, while ETH balances have dropped below 16 million, amounting to less than billion.

Bitcoin and Ethereum exchange balance at 4-year low | Source: Glassnode

Why Bitcoin and Ethereum exchange levels dropped

The amount of BTC and ETH on exchanges has been in a downtrend since before July 2020, per Glassnode. Data confirmed that users continued to withdraw assets from these platforms following the pandemic, through the previous 2021 peak, during the 2022 Terra-FTX contagion, and even after spot BTC ETFs were approved. 

The four-year pattern suggests that crypto users have adopted a bullish long-term outlook, expressing confidence in the future appreciation of these assets regardless of market cycles. 

After the COVID-19 crisis in 2020, inflation also rocked world economies and incentivized investors to station capital in technologically sound vehicles. Bitcoin’s hard-capped supply and immutable design bolstered its status as an inflation hedge and sovereign nations like El Salvador have adopted the cryptocurrency as legal tender.

The bullish thesis is perhaps solidified even further as Wall Street behemoths like BlackRock and Fidelity drove institutional demand through spot BTC ETFs. Companies like MicroStrategy under BTC maxi Michael Saylor have also parked billions in the top digital asset. 

As the second-largest crypto and top altcoin asset, ETH commands its own bullish thesis as the leading substitute for BTC. The token powers the biggest decentralized finance (defi) ecosystem worth nearly billion per DefiLlama. 

In 2020, developers launched the Beacon chain, which kicked off the eventual transition from proof-of-work (PoW) to proof-of-stake (PoS). The move unlocked Ether staking, a process of locking up ETH for network security and passive yield. 

At press time, over 27% of Ethereum’s supply was staked. In other words, users have deposited over 9 billion worth of ETH in staking providers like Coinbase, Lido, and EigenLayer

The hype around spot ETH ETF approvals, defi growth, and staking surges has culminated in a positive outlook for the cryptocurrency and has further encouraged users to hold on for dear life, otherwise known in the crypto community as “hodl.”

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Bitfarms adopts ‘poison pill’ amid Riot Platforms’ takeover attempt

Bitfarms has adopted a shareholder rights plan to protect its strategic review process from Riot Platforms’ takeover attempts.

Bitfarms, a Toronto-headquartered Bitcoin mining company, announced in a Jun. 10 press release that its board of directors unanimously approved the adoption of a shareholder rights plan to safeguard the integrity of its strategic alternatives review process.

The Rights Plan (commonly referred to as a “poison pill”) aims to protect the interests of Bitfarms’ shareholders by preventing any potential hostile takeover attempts. The move comes in response to recent actions by Riot Platforms, a Colorado-based Bitcoin mining company.

“The Rights Plan is being adopted to preserve the integrity of our previously announced strategic alternatives review process and is in the best interests of all Bitfarms’ shareholders.”

Bitfarms

Riot, which currently holds 47,830,440 common shares, representing 11.62% of Bitfarms’ shares, has recently made a proposal to acquire all of Bitfarms’ issued and outstanding common shares for 0 million and has announced its intention to requisition a special meeting of shareholders to circumvent the review process.

In response, Bitfarms’ special committee determined that Bitfarms’ offer “significantly undervalues the company and its growth prospects.” The Toronto-headquartered firm added that although the special committee welcomed Riot’s interest in the company, Riot declined to participate in the strategic alternatives review process.

“[…] [Riot] instead has continued to acquire common shares of the company in the open market, thereby acquiring an additional 8.01% of the company’s common shares since April 22, 2024, in an attempt to undermine the integrity of the process and thwart the interest of third parties.”

Bitfarms

The Rights Plan sets a threshold of 15% share accumulation before triggering, designed to prevent any immediate threat to the strategic review process. Starting Jun. 20, one right will be issued per common share, becoming exercisable if any person, along with certain related persons, acquires 15% or more of the outstanding common shares before Sep. 10, or 20% thereafter, without following the plan’s rules.

The Rights Plan needs to be ratified by shareholders within six months and must be approved by the Toronto Stock Exchange, which might also delay acceptance until the relevant securities commission is satisfied.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Crypto market plunges $96b following strong US jobs report

In the last 24 hours, the crypto market lost more than billion as major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), faced corrections.

Bitcoin, the leading cryptocurrency, saw a sharp drop to an intraday low of ,507. At the time of going to press, the cryptocurrency was priced at ,321 — a 2.57% dip from the previous 24 hours.

Additionally, Bitcoin’s 24-hour trading volume went down by more than 4% to .1 billion.

The correction came on the back of Bitcoin hitting a multi-week high of ,000 on June 7, after staying above ,000 for several days. 

Bitcoin 24-hour price chart | Source: CoinMarketCap

Following the dip, Bitcoin’s market capitalization fell to .366 trillion, though its dominance over altcoins increased to 53.8% as they took much bigger hits. 

Altcoins in the red

Among the top 100 cryptocurrencies, there were no notable gainers, with most of them registering losses between 1.03% and 14.52%.

Ethereum is down 3.11% to below ,700. BNB, the fourth-largest crypto by market cap, has dropped from over 0 to just above 3, and Solana (SOL) has fallen by more than 6%. 

The number one meme coin by market value:

  • Dogecoin (DOGE), is down 8.85%
  • Avalanche (AVAX) is down by 9.95%
  • Chainlink (LINK) lost 9.16% from its price.
  • Polkadot (DOT) dropped 10.24%
  • NEAR Protocol (NEAR) shaved 9.01%
  • Uniswap (UNI) went down 5.31%
  • Polygon (MATIC) dropped by 9.01%.

Overall, the cumulative market cap of all crypto assets has shed over billion since yesterday’s peak. It’s now sitting at .54 trillion on CoinMarketCap.

Analysts have suggested the drop may have been influenced by a stronger-than-expected U.S. non-farm payroll (NFP) report for May, which added 272,000 new jobs and strengthened the U.S. dollar.

The report reduced hopes for a Federal Reserve interest rate cut, negatively impacting Bitcoin’s price and overall market sentiment.

Double bullish thesis for BTC

Elsewhere, Bitcoin advocate Samson Mow took to X to suggest a new bullish scenario for Bitcoin.

He proposed that gaming merchandise retailer GameStop should add Bitcoin to its corporate treasury, which, in his opinion, could create a “double bullish thesis” that could lead to significant price increases for both Bitcoin and GameStop shares.

Mow’s sentiment coincided with analyst and social media personality Keith Gill, also known as “Roaring Kitty,” hosting his first livestream in three years, focusing on GameStop’s future.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News