Summary: El Salvador’s President Nayib Bukele acknowledged that while Bitcoin adoption has not met expectations, positioning the country as Bitcoin-friendly has had net positive effects, such as increased branding, investments, and tourism, despite initial warnings from institutions like the IMF.

• Sentiment: 0.1
• www.tradingview.com @ 2024-08-29 12:27:52 EDT Read More

Summary: El Salvador has gained $265 million from Bitcoin investments, with $135 million invested now worth $400 million. The country's Bitcoin holdings have appreciated over 38%, boosting financial inclusion and attracting global attention to Bitcoin's growing significance.

• Sentiment: 0.8
• CryptoSlate @ 2024-08-29 12:00:34 EDT Read More

Summary: El Salvador, under President Bukele, holds $400 million in Bitcoin in its public wallet. Despite the benefits in branding, investments, and tourism, widespread adoption of Bitcoin in the country has fallen short of expectations.

• Sentiment: 0.2
• CoinDesk @ 2024-08-29 13:00:08 EDT Read More

Summary: El Salvador's President Nayib Bukele defended the country's Bitcoin adoption, citing its role in improving the nation's global image and attracting investment despite limited domestic use. He highlighted Bitcoin's impact on boosting tourism and foreign capital.

• Sentiment: 0.2
• crypto.news @ 2024-08-29 14:32:49 EDT Read More

Summary: El Salvador's Bitcoin holdings have surpassed $361 million, with the government buying 1 BTC daily since March 2024. President Bukele's strategy includes securing these assets in cold storage to mitigate risks and reinforce his commitment to Bitcoin adoption.

• Sentiment: 0.2
• LatinAmerican Post @ 2024-08-29 14:00:00 EDT Read More

Summary: According to El Salvador President Nayib Bukele, the country held $400 million in Bitcoin in its “public wallet alone,” but he had not seen all the benefits...

• Sentiment: 0.0
• Cointelegraph @ 2024-08-29 15:30:07 EDT Read More

Summary: El Salvador President Nayib Bukele admitted his Bitcoin experiment has not met expectations for widespread adoption. While Bitcoin is legal tender in the country and Salvadorans received $30 in Bitcoin, the anticipated uptake has been slow and less than hoped for.

• Sentiment: 0.1
• Decrypt @ 2024-08-29 18:30:54 EDT Read More

Summary: Salvadoran President Nayib Bukele admitted that Bitcoin, adopted as legal currency in El Salvador, hasn't achieved the widespread popularity he anticipated. Despite some businesses accepting it and ongoing projects like "Bitcoin City," broader adoption remains a challenge.

• Sentiment: 0.1
• The Crypto Times @ 2024-08-29 19:20:07 EDT Read More

Summary: Donald Trump teased his upcoming cryptocurrency project, World Liberty Financial, promising to make the U.S. a global crypto hub. The project, spearheaded by Eric Trump, aims to offer an alternative to traditional banking for loan access using DeFi technology.

• Sentiment: 0.2
• CoinDesk @ 2024-08-29 12:34:15 EDT Read More

Summary: Donald Trump has promised to make the US the “crypto capital of the planet” and establish a strategic Bitcoin reserve if elected, signaling a potential major shift in US crypto policy and influencing future digital asset regulations.

• Sentiment: 0.6
• Internet of People @ 2024-08-29 11:58:35 EDT Read More

Summary: Donald Trump has announced plans to make the United States the “crypto capital of the planet.” On Twitter, Trump shared a ...

• Sentiment: 0.0
• cryptopolitan @ 2024-08-29 14:00:08 EDT Read More

Summary: Donald Trump plans to announce his strategy for making the US a global crypto hub, which has boosted Bitcoin (BTC) prices towards $61,000. His proposal includes establishing a Bitcoin reserve in the US, stirring both anticipation and concern.

• Sentiment: 0.2
• https//beincrypto.com @ 2024-08-29 13:25:54 EDT Read More

Summary: Trump has collected millions from the crypto industry this election cycle and has pledged to ban central bank digital currencies.

• Sentiment: 0.0
• TheStreet.com @ 2024-08-29 16:00:09 EDT Read More

Summary: Donald Trump has promised to make the US the world cryptocurrency capital if elected, emphasizing crypto's role in his vision for the future. He supports Bitcoin, NFT collections, and aims to establish a Bitcoin "strategic reserve," reflecting his recent shift in stance on crypto.

• Sentiment: 0.2
• Malaysia Sun @ 2024-08-29 17:00:08 EDT Read More

Summary: LibertyX users can now sell their bitcoin and withdraw cash using ReadyCode-enabled ATMs, following NCR's acquisition of LibertyX and integration with Atleos' API suite. This enhances LibertyX’s value and boosts foot traffic at participating locations.

• Sentiment: 0.1
• Finextra Research @ 2024-08-29 08:58:06 EDT Read More

Summary: NCR Atleos Corporation (NYSE: NATL) ("Atleos") today announced the launch of a new LibertyX Bitcoin Cashout feature whereby enrolled LibertyX customers can sell bitcoin, picking up their cash ...

• Sentiment: 0.0
• TMCnet @ 2024-08-29 08:10:07 EDT Read More

Summary: LibertyX users can now sell bitcoin and withdraw cash at ReadyCode-enabled Atleos ATMs, thanks to a new feature leveraging NCR's acquisition of LibertyX and Atleos' API suite. This integration enhances convenience and boosts ATM usage.

• Sentiment: 0.2
• Finextra @ 2024-08-29 09:22:00 EDT Read More

Summary: NCR Atleos Corporation launched LibertyX Bitcoin Cashout, allowing users to sell bitcoin and withdraw cash from ATMs at thousands of merchant locations across the U.S., enhancing Bitcoin's usability by bridging digital transactions with physical cash retrieval.

• Sentiment: 0.6
• Financial IT @ 2024-08-29 10:41:08 EDT Read More

Summary: LibertyX, now part of NCR, integrates Atleos' ReadyCode API for Bitcoin transactions, allowing users to sell Bitcoin and withdraw cash at participating ATMs. This feature aims to boost LibertyX's value, merchant traffic, and ATM productivity.

• Sentiment: 0.3
• Newsjani @ 2024-08-29 12:10:06 EDT Read More

Summary: Atleos has launched the LibertyX Bitcoin Cashout feature, allowing users to convert bitcoin to cash via ATMs across the U.S. This service, enabled by the ReadyCode API, simplifies the process of accessing physical cash from digital assets.

• Sentiment: 0.3
• CUInsight @ 2024-08-29 09:56:53 EDT Read More

Summary: On August 28, U.S. spot Bitcoin ETFs experienced $105.19 million in outflows, marking the second consecutive day of losses, with ARK 21Shares ARKB leading the declines. Grayscale’s GBTC saw minimal outflows, and BlackRock’s IBIT emerged as the top fund.

• Sentiment: -0.4
• crypto.news @ 2024-08-29 02:58:46 EDT Read More

Summary: Shares of the Hashdex Bitcoin ETF (DEFI) fell 4.5% to $67.52 on Wednesday, with trading volume declining by 89% from average levels. The ETF tracks Bitcoin futures prices and has recently seen reduced trading activity.

• Sentiment: -0.6
• Defense World @ 2024-08-29 02:30:06 EDT Read More

Summary: On August 28, Bitcoin ETFs experienced significant outflows, with 1,861 BTC (about $109.18M) withdrawn, highlighting potential shifts in investor sentiment and a notable decline in institutional interest.

• Sentiment: -0.6
• BlockchainReporter @ 2024-08-29 03:30:00 EDT Read More

Summary: Bitcoin's 2.2% price drop led to a 7.5% decrease in open interest, suggesting traders are shifting focus to altcoins. Despite this, Bitcoin spot ETFs saw significant net inflows, indicating some investors remain positive about Bitcoin’s future prospects.

• Sentiment: 0.2
• The Merkle News @ 2024-08-29 03:17:40 EDT Read More

Summary: According to recent data from Coinglass, Grayscale’s GBTC has seen a massive reduction in its Bitcoin holdings.

• Sentiment: 0.0
• coinspeaker @ 2024-08-29 04:00:09 EDT Read More

Summary: Recent data reveals $105.3 million in outflows from Bitcoin ETFs, with ARK’s ARKB experiencing the largest loss of $59.3 million. Despite these outflows, the cumulative net inflow for Bitcoin ETFs remains positive at $17.85 billion.

• Sentiment: -0.2
• CryptoSlate @ 2024-08-29 05:06:57 EDT Read More

Summary: Bitcoin ETFs have lost momentum recently, with BTC's price dropping to $59,377. This decline is prompting investors to explore emerging tokens like BitNance, a low-supply token on the BNB Smart Chain, seen as a potential new Bitcoin alternative.

• Sentiment: 0.2
• crypto.news @ 2024-08-29 05:24:23 EDT Read More

Summary: Bitcoin's value dropped significantly due to the liquidation of long positions amid low liquidity. Matrixport highlights the $59,000 level as crucial, warning that falling below it could worsen the decline, despite Bitcoin's 42% increase this year and recent ETF inflows.

• Sentiment: -0.6
• Cryptodnes.bg @ 2024-08-29 05:00:46 EDT Read More

Summary: Although the long-term prospects for Bitcoin are bright, its positive correlation with altcoins suggests a rising confidence in crypto.

• Sentiment: 0.0
• Coinspeaker @ 2024-08-29 05:06:07 EDT Read More

Summary: US Bitcoin spot ETFs experienced a $105 million outflow for the second consecutive day, with Ark Invest leading the sell-offs. Despite the outflows, Bitcoin rebounded to $59,659 after briefly dropping below $58,000, continuing its struggle to stay above $60,000.

• Sentiment: 0.1
• The Crypto Basic @ 2024-08-29 06:40:08 EDT Read More

Summary: The introduction of Bitcoin and Ethereum spot ETFs in the U.S. has significantly boosted institutional adoption of digital assets, contributing to a recovery and growth phase in the industry following the collapse of the FTX exchange in 2022.

• Sentiment: 0.55
• Benzinga @ 2024-08-29 07:44:38 EDT Read More

Summary: Bitcoin ETFs face $105.3M outflows, signaling investor caution. Stay informed with the latest crypto market trends on DailyCoin.

• Sentiment: 0.0
• DailyCoin @ 2024-08-29 07:21:12 EDT Read More

Summary: Australia's VanEck and Monochrome Bitcoin ETFs have shown steady growth, reflecting increasing local demand for Bitcoin. The VanEck ETF, with $40.72 million AUM, and Monochrome's IBTC, holding $7.4 million in Bitcoin, highlight rising regional interest in BTC.

• Sentiment: 0.7
• Bitcoin Magazine @ 2024-08-29 09:37:37 EDT Read More

Summary: Bitcoin ETFs have posted $105 million in net ouflows with half of all funds in the red as BTC fails to retain the $60000 price tag.

• Sentiment: 0.0
• CCN.com @ 2024-08-29 09:37:07 EDT Read More

Summary: During Wednesday's trading session, spot bitcoin exchange-traded funds (ETFs) experienced $105.19 million in outflows.

• Sentiment: 0.0
• Bitcoin.com News @ 2024-08-29 10:47:07 EDT Read More

Summary: Bitcoin ETFs are gaining traction, with institutional interest rising significantly; as of August 2024, they've attracted over $11 billion in assets. However, family offices in Asia are divided: some prefer direct involvement in digital assets, while others avoid ETFs due to volatility.

• Sentiment: 0.1
• AsianInvestor @ 2024-08-29 11:46:13 EDT Read More

Summary: Bitcoin's price stayed above $60,000 on August 29 despite ETF outflows totaling $232 million over two days. Notably, Bitcoin reserves on exchanges fell to a yearly low, indicating reduced market liquidity and potential bullish implications.

• Sentiment: 0.05
• crypto.news @ 2024-08-29 11:34:16 EDT Read More

Summary: Cboe Exchange, a United States securities exchange, filed an amended application to regulators to list options on Bitcoin (BTC) and Ether (ETH)...

• Sentiment: 0.0
• Cointelegraph @ 2024-08-29 12:57:15 EDT Read More

Summary: Bitcoin's price rises to $60,320 but faces potential short-term declines due to negative on-chain metrics. Meanwhile, U.S. Bitcoin ETFs experience their second consecutive day of outflows, indicating growing investor caution.

• Sentiment: -0.2
• FXStreet @ 2024-08-29 13:39:56 EDT Read More

Summary: Bitcoin is down 12% since April 1, and despite ETF successes and a 44% annual gain, investor sentiment in crypto is low. Recovery in bitcoin ETF purchases is crucial for boosting demand, with the market lacking new breakthrough technologies.

• Sentiment: -0.56
• CNBC @ 2024-08-29 13:26:08 EDT Read More

Summary: Ark Invest sold $100 million worth of Bitcoin on Aug. 28, reducing its holdings to about $2.6 billion. The outflows mainly came from the ARK 21Shares Bitcoin ETF, coinciding with Bitcoin's price drop and heightened caution in the options market.

• Sentiment: 0.1
• U.Today @ 2024-08-29 14:14:43 EDT Read More

Summary: Bitcoin's price performance in 2024 has been a rollercoaster ride for investors. The year began with a strong start, as spot ETF approvals pushed the...

• Sentiment: 0.0
• DailyCoin @ 2024-08-29 15:30:07 EDT Read More

Summary: The Chicago Board Options Exchange (Cboe) has submitted revised applications to the Securities and Exchange Commission (SEC) to list options on Bitcoin and.

• Sentiment: 0.0
• Cryptopolitan @ 2024-08-29 16:34:09 EDT Read More

Summary: Bitcoin is facing downward pressure, with prices struggling to recover losses. A key factor is the declining number of active addresses, which historically correlates with price movements. This decline may be linked to the impact of newly approved spot Bitcoin ETFs.

• Sentiment: -0.7
• Bitcoinist @ 2024-08-29 17:30:51 EDT Read More

Summary: The launch of Bitcoin ETFs is a pivotal development, marking a significant shift towards mainstream acceptance. In just one week, these ETFs saw inflows of USD2.3 billion, showcasing growing institutional interest and enhancing Bitcoin’s legitimacy and accessibility in investment portfolios.

• Sentiment: 0.85
• Hubbis @ 2024-08-29 18:04:07 EDT Read More

Summary: Ark Invest sold $100 million worth of Bitcoin, causing a temporary price drop. Despite this, Bitcoin rebounded to nearly $60,000. Ark Invest retains over $2.6 billion in Bitcoin, and upcoming rate cuts may further influence its market movement.

• Sentiment: 0.1
• TOKENPOST @ 2024-08-29 18:00:07 EDT Read More

Summary: Cboe Exchange has refiled an application to list options on Bitcoin (BTC) ETFs, including those from major asset managers. This move aims to classify spot cryptocurrency ETFs as suitable for options trading, amid growing interest in regulated crypto derivatives.

• Sentiment: 0.2
• financefeeds @ 2024-08-29 17:18:24 EDT Read More

Summary: The approval of a Bitcoin spot ETF by BlackRock in January 2024 has spurred a significant rally, pushing Bitcoin to new highs of $73,000. However, this rally has not extended to altcoins due to liquidity shifts and investor skepticism.

• Sentiment: 0.1
• Bitcoinist @ 2024-08-29 19:00:50 EDT Read More

Summary: The Nakamoto upgrade for Stacks (STX), a layer-2 solution for Bitcoin, has started, promising a 120-fold increase in block production speed and drastically reduced transaction confirmation times. This upgrade also prepares for sBTC, enhancing Bitcoin interoperability with Stacks.

• Sentiment: 0.7
• Yahoo Finance @ 2024-08-29 02:11:43 EDT Read More

Summary: A Missouri man, Daniel Rhyne, was arrested for attempting to extort his former employer, a New Jersey-based industrial company.

• Sentiment: 0.0
• Bitcoin.com News @ 2024-08-29 04:30:08 EDT Read More

Summary: By using the Bitcoin Lightning Network, Lightspark Extend aims to transform how businesses handle payments.

• Sentiment: 0.0
• Altcoin Buzz @ 2024-08-29 04:17:08 EDT Read More

Summary: Lightspark's new service, Lightspark Extend, enables US businesses to make immediate payments directly to bank accounts via the Bitcoin Lightning Network using Unified Messaging Addresses (UMA). This simplifies transactions and expands compatibility with over 99% of US institutions.

• Sentiment: 0.8
• Bitcoinleef @ 2024-08-29 06:34:04 EDT Read More

Summary: The sandbox aims to promote interbank settlement using tokenized currency and central bank digital currencies.

• Sentiment: 0.0
• Bitcoin.com News @ 2024-08-29 07:20:12 EDT Read More

Summary: A B.C. Supreme Court judge ordered Daniel Tambosso to repay $1.2 million to Hung Nguyen for a loan of 22 bitcoins, as part of a failed cryptocurrency recovery scheme involving a purported Satoshi Nakamoto software, which Tambosso claimed was a scam.

• Sentiment: -0.7
• Yahoo News Canada @ 2024-08-29 08:00:00 EDT Read More

Summary: Lightspark Extend bridges Bitcoin’s Lightning Network with US bank accounts, enabling instant, 24/7 Bitcoin payments via Universal Money Addresses (UMA). This integration enhances payment speed and efficiency for businesses, connecting to over 99% of US banks that accept real-time payments.

• Sentiment: 0.8
• Crypto Economy @ 2024-08-29 10:34:50 EDT Read More

Summary: The Bavarian State Criminal Office warns of a scam involving fake Bitcoin paper wallets left in public. Scammers use these wallets to lure individuals into paying high processing fees on a fake site, intending to steal personal information and funds.

• Sentiment: -0.7
• Aussiedlerbote @ 2024-08-29 10:31:39 EDT Read More

Summary: The third NostrWorld conference highlighted how the Nostr protocol's integration with Bitcoin is advancing, particularly through micropayments via Zaps on Nostr, which are fostering Bitcoin's adoption by demonstrating its utility in everyday social interactions.

• Sentiment: 0.6
• Bitcoin Magazine @ 2024-08-29 11:38:36 EDT Read More

Summary: The article highlights that there are estimates of 400 Bitcoin layer 2 solutions, though numbers vary widely. Many are essentially clones of Ethereum roll-ups and lack clear, unified definitions, complicating verification and understanding of their actual impact and value.

• Sentiment: -0.3
• protos.com @ 2024-08-29 12:49:11 EDT Read More

Summary: A B.C. Supreme Court ordered Daniel Tambosso to repay $1.2 million, equivalent to 22 bitcoins, to Hung Nguyen. Tambosso borrowed the bitcoins for a purported security recovery program involving Satoshi Nakamoto, which was revealed as a scam.

• Sentiment: -0.8
• Radio-Canada @ 2024-08-29 12:28:15 EDT Read More

Summary: Proton Wallet, a new non-custodial Bitcoin wallet by Proton, simplifies sending Bitcoin via email but lacks support for Lightning transactions and fee adjustments. It's ideal for beginners but may not suit advanced users or those needing faster, cheaper transactions.

• Sentiment: 0.2
• Bitcoin Magazine @ 2024-08-29 12:00:46 EDT Read More

Summary: Bitcoin (BTC) relies on Proof-of-Work (PoW) for transaction validation and consensus among miners. PoW ensures security and decentralization by requiring computational work to solve complex puzzles, making it resistant to attacks but criticized for high energy consumption.

• Sentiment: 0.0
• usa.inquirer @ 2024-08-29 12:00:05 EDT Read More

Summary: Athena Bitcoin ATMs also provide an easy way for people looking to enter the cryptocurrency market through buying and selling digital assets using cash.

• Sentiment: 0.0
• Cryptonews @ 2024-08-29 13:00:08 EDT Read More

Summary: A British Columbia Supreme Court ruling has ordered Daniel Tambosso to repay Hung Nguyen $1.2 million for a failed Bitcoin loan, highlighting the legal risks and financial devastation associated with Bitcoin transactions.

• Sentiment: -0.8
• CryptoCurrencyNews.com @ 2024-08-29 15:49:24 EDT Read More

Summary: Threshold Network has proposed a plan to enhance the stability and security of Wrapped Bitcoin (WBTC) by replacing its centralized custody model with...

• Sentiment: 0.0
• Bitcoin.com News @ 2024-08-29 15:31:07 EDT Read More

Summary: Stacks has begun its Nakamoto upgrade, enhancing Bitcoin layer-2 functionality with improved transaction speed, finality, and network resilience. This upgrade aims to advance Stacks as a key Bitcoin L2 solution, though STX token has recently dropped by 14%.

• Sentiment: 0.2
• CryptoPotato @ 2024-08-29 16:21:04 EDT Read More

Summary: A man in the UK faces charges for operating an unregistered crypto ATM, marking a major crackdown on illegal digital asset ...

• Sentiment: 0.0
• cryptonews @ 2024-08-29 16:00:09 EDT Read More

Summary: Chicago-based CoinFlip said the value of digital-asset transactions through its ATMs in Australia more than quadrupled in the ...

• Sentiment: 0.0
• Crain's Chicago Business @ 2024-08-29 16:00:09 EDT Read More

Summary: Northampton Township Police warn of bitcoin scams involving fake investment opportunities. Victims are deceived into sending money via bitcoin ATMs after being promised high returns. Police emphasize the difficulty of recovering funds and advise caution with unsolicited investment offers.

• Sentiment: -0.7
• Patch @ 2024-08-29 17:10:33 EDT Read More

Summary: Satoshi Nakamoto once considered naming Bitcoin "Titcoin," according to a recently disclosed but unverified email. This revelation has reignited discussions about Nakamoto’s identity and his influence on Bitcoin's development and the broader cryptocurrency world.

• Sentiment: 0.2
• cryptonewsbytes.com @ 2024-08-29 18:00:00 EDT Read More

Summary: The Bitcoin Power Law Theory relies purely on mathematics. It doesn't account for the human nature of how Bitcoin is traded.

• Sentiment: 0.0
• Cointelegraph @ 2024-08-29 19:00:07 EDT Read More

Summary: Illegal Bitcoin mining has surged in Southeast Asia, with a recent raid in Thailand uncovering a mining operation responsible for local power outages. The authorities found high electricity use at a property used for unauthorized mining, highlighting rising electricity theft issues.

• Sentiment: -0.3
• InsideBitcoins.com @ 2024-08-29 00:28:27 EDT Read More

Summary: The Bitcoin miner market, valued at $4.66 billion in 2023, is projected to grow to $31.26 billion by 2032, with a CAGR of 23.55%. This growth is driven by increasing cryptocurrency adoption and advancements in energy-efficient mining technology.

• Sentiment: 0.6
• openPR.com @ 2024-08-29 02:50:06 EDT Read More

Summary: Bitfarms Ltd., a bitcoin mining company, announced on Tuesday that it has taken control of its new data center in Sharon, Pennsylvania.

• Sentiment: 0.0
• Bitcoin.com News @ 2024-08-29 02:30:06 EDT Read More

Summary: The GCC region, supported by strong government backing and renewable energy initiatives, is emerging as a significant player in sustainable Bitcoin mining. The UAE and Oman are leading with substantial investments and advancements in green energy and cooling technologies.

• Sentiment: 0.7
• ZAWYA @ 2024-08-29 04:22:26 EDT Read More

Summary: Bitcoin mining's significant energy consumption, exceeding 90 terawatt-hours annually, is straining Texas's power grid, which also supports growing AI data centers. This competition for energy is escalating electricity costs and impacting grid stability.

• Sentiment: -0.6
• ICO Desk @ 2024-08-29 06:43:29 EDT Read More

Summary: In 2024, GDMining is highlighted as a leading free Bitcoin cloud mining app, praised for its user-friendly interface and no upfront costs. It allows beginners to mine Bitcoin without expensive hardware, though earnings on the free plan are relatively low.

• Sentiment: 0.2
• Blockchain News, Opinion, Jobs and Video @ 2024-08-29 09:44:07 EDT Read More

Summary: TeraWulf claims to be the most profitable miner on a per-share basis, with an average production cost of $40,000 per Bitcoin. 35 Total views.

• Sentiment: 0.0
• Cointelegraph @ 2024-08-29 09:37:07 EDT Read More

Summary: Following Bitcoin's April 2024 halving, mining ROI dropped by 50%, impacting profitability. To compensate, facilities are exploring heat reuse from mining operations to enhance revenue, potentially doubling ROI and adding long-term value to data center investments.

• Sentiment: 0.25
• Bitcoin Magazine @ 2024-08-29 09:51:09 EDT Read More

Summary: Genesis Digital Assets plans to expand its Texas data center to 400 megawatts, reflecting its commitment to Bitcoin mining with renewable energy sources and highlighting Texas as a key hub for Bitcoin mining and energy innovation.

• Sentiment: 0.6
• Bitcoin Magazine @ 2024-08-29 09:01:19 EDT Read More

Summary: Texas crypto miners are earning more by curtailing operations and selling energy back to the state than by mining Bitcoin. In August 2023, Riot collected $32 million from this strategy compared to $8.6 million from mining, raising concerns about the program's effectiveness.

• Sentiment: -0.4
• BroBible @ 2024-08-29 10:29:32 EDT Read More

Summary: IREN’s Bitcoin mining revenue reached $184M in 2024, doubling its capacity and aiming for 30 EH/s by year-end.

• Sentiment: 0.0
• coinspeaker @ 2024-08-29 10:05:08 EDT Read More

Summary: IREN (formerly Iris Energy) reported a 144% increase in Bitcoin mining revenue to $184.1 million for the fiscal year ending June 30, 2024. The company aims to reach a hashrate of 20 EH/s by September 2024 and 30 EH/s by year-end.

• Sentiment: 0.9
• Bitcoinleef @ 2024-08-29 11:48:42 EDT Read More

Summary: The company reported a significant increase in bitcoin mining revenue to $184.1 million from $75.5 million the previous year, driven by higher prices and increased hashrate.

• Sentiment: 0.6
• MarketWatch @ 2024-08-29 12:31:00 EDT Read More

Summary: A solo miner successfully processed Bitcoin block 858,978, earning a reward of 3.275 BTC worth approximately $199,000. This is notable amid increasing mining difficulty and decreased rewards due to the recent Bitcoin halving event.

• Sentiment: 0.3
• Decrypt @ 2024-08-29 13:44:11 EDT Read More

Summary: A data center in Hernandarias, Paraguay, built by Penguin Group for Bitcoin mining, faces challenges from illegal crypto farms draining power. The government is struggling to combat these operations, leading to losses and concerns about legal security in the crypto sector.

• Sentiment: -0.3
• techxplore @ 2024-08-29 12:13:10 EDT Read More

Summary: Selecting the right hosting for Bitcoin mining is crucial due to its high energy demands and need for reliable performance. Specialized hosting providers, like Miner Hosting Hub by OBM, offer tailored solutions with optimized infrastructure, security, and scalability to enhance mining efficiency and profitability.

• Sentiment: 0.2
• Impacts @ 2024-08-29 13:56:28 EDT Read More

Summary: Bitcoin miners’ wallet balances have significantly declined from over 2.5 million BTC in late 2011 to under 2 million BTC by mid-2024, influenced by asset liquidation to cover operational costs amidst market volatility and halving events.

• Sentiment: -0.6
• CryptoSlate @ 2024-08-29 15:15:36 EDT Read More

Summary: Cipher Mining Inc. revealed that it has acquired a sprawling 250-acre property in West Texas, which includes a 300-megawatt (MW) data center.

• Sentiment: 0.0
• Bitcoin.com News @ 2024-08-29 17:30:07 EDT Read More

Summary: A solo Bitcoin miner successfully mined block 858,978, earning 3.275 BTC worth $199,098. This rare accomplishment highlights the competitive nature of Bitcoin mining and the decentralized opportunity it provides, despite the dominance of large mining pools.

• Sentiment: 0.5
• Bitcoin Magazine @ 2024-08-29 17:15:06 EDT Read More

Summary: Andy Fajar Handika, CEO and co-founder of Loka Mining says hashrate forward contracts could potentially help smaller Bitcoin miners that can't finance...

• Sentiment: 0.0
• Cointelegraph @ 2024-08-29 19:34:07 EDT Read More

Summary: Bitcoin miners earned over $3.40 million in the past week despite market turbulence, reflecting Bitcoin's volatile price trends. Miner profits saw sharp fluctuations, influenced by market conditions and significant sell-offs, impacting Bitcoin’s price dynamics.

• Sentiment: 0.0
• deythere.com @ 2024-08-29 09:09:20 EDT Read More

Summary: MasHash offers a free cloud mining program allowing users to mine Bitcoin (BTC) and other cryptocurrencies without upfront hardware costs. This platform provides flexible mining plans and a referral program for additional earnings.

• Sentiment: 0.8
• Business Insider @ 2024-08-29 21:00:00 EDT Read More

Summary: After losing 6% overnight, Bitcoin finds crucial support at $58000. Investors watch closely as resistance looms at $60000 and $61850.

• Sentiment: 0.0
• Cryptonews @ 2024-08-28 23:20:08 EDT Read More

Summary: Bitcoin's current market sentiment remains ‘mostly neutral’ amid broader crypto downturns and significant trader liquidations. Analyst Michaël van de Poppe suggests BTC might face further short-term declines, potentially testing support levels due to recent negative developments and market rumors.

• Sentiment: -0.5
• Crypto News Australia @ 2024-08-29 00:20:00 EDT Read More

Summary: The Wave IV correction for BTC/USD appears to be complete, suggesting that Bitcoin is re-entering an uptrend. Traders should watch for short-term pullbacks to join the trend, despite current bearish indicators and the price being below the MA200.

• Sentiment: 0.1
• FXStreet @ 2024-08-29 00:25:53 EDT Read More

Summary: Bitcoin price is currently volatile following the Japan market crash, with potential for a bullish breakout. Historical patterns and BlackRock’s substantial BTC holdings suggest a possible rise to $75,000-$76,000, and potentially $100,000, contingent on overcoming key resistance levels.

• Sentiment: 0.6
• Coinpedia @ 2024-08-29 00:20:26 EDT Read More

Summary: Despite recent volatility, Bitcoin has remained stable around $62,000. The significant outflow of approximately 45,432 BTC from exchanges on August 26 highlights long-term investor confidence, contrasting with short-term holders’ sell-offs. This divergence underscores Bitcoin’s resilience amid market fluctuations.

• Sentiment: 0.1
• The Currency analytics @ 2024-08-29 00:08:57 EDT Read More

Summary: Bitcoin price (BTCUSD) shows sideways trades since yesterday, keeping its stability below 60326.70$ level, noticing that stochastic loses its positive...

• Sentiment: 0.0
• Economies.com @ 2024-08-29 00:00:10 EDT Read More

Summary: Bitcoin’s price steadied around $59,339.3 on Thursday after recent declines, as traders awaited economic data to guide its next movement. The price fell sharply earlier in the week due to concerns over a large token transfer and declining capital flows.

• Sentiment: -0.1
• Investing.com @ 2024-08-29 01:54:27 EDT Read More

Summary: Bitcoin's price is expected to close August on a bearish note but has formed strong support above $58k. The positive correlation between Bitcoin and altcoins suggests potential opportunities for long-term buyers amid fears of a crypto selloff in September.

• Sentiment: 0.1
• Coinpedia @ 2024-08-29 01:51:38 EDT Read More

Summary: Bitcoin (BTC) experienced a nearly 6% price drop this week, erasing recent gains. The decline follows broader market sell-offs and tech stock downturns, with BTC currently stabilizing around $58,500. Key resistance at $60,200 could determine future movements.

• Sentiment: -0.5
• FXLeaders @ 2024-08-29 01:40:07 EDT Read More

Summary: Bitcoin is consolidating near $58,500, with critical resistance at $60,200. For a short-term recovery, BTC needs to break this level. Failure to do so could lead to further declines, with support at around $58,000 and key resistance at $61,500.

• Sentiment: -0.3
• West Island Blog @ 2024-08-29 01:35:41 EDT Read More

Summary: Bitcoin's price recently fell from over $64,000 to $58,000 in two days, a 10% drop. Key factors include resistance from short-term holders and increased market fragility due to speculative trading and large-scale liquidations, exacerbating the decline.

• Sentiment: -0.6
• Bitcoinist @ 2024-08-29 01:30:52 EDT Read More

Summary: Bitcoin has faced resistance at $60k, resembling 2019's pattern of peak followed by decline. Analyst Benjamin Cowen notes that Bitcoin's recovery might mirror the delayed pattern seen post-2019, suggesting a potential downtrend continuation until late 2024.

• Sentiment: -0.3
• Coinpedia @ 2024-08-29 01:25:37 EDT Read More

Summary: A CryptoQuant analyst reveals a strong correlation between Bitcoin and major altcoins like Cardano and Chainlink, indicating market consolidation. This alignment suggests that Bitcoin's performance significantly influences altcoin prices, reflecting investor confidence and potential for future market corrections.

• Sentiment: 0.4
• FXDailyReport.Com @ 2024-08-29 02:44:01 EDT Read More

Summary: Bitcoin has fallen to a one-week low following initial gains from Federal Reserve Chair Jerome Powell’s recent signal. Market reactions were strong but quickly reversed, with investors now closely monitoring future signals from Powell for their impact on Bitcoin.

• Sentiment: -0.4
• Analytics Insight @ 2024-08-29 02:30:45 EDT Read More

Summary: Bitcoin's price recently fell from $63,000 to $57,000, surprising many. Analysts, including Javon Marks and Moustache, view this dip as a potential short-term setback rather than a downtrend, suggesting a possible rebound to over $73,000 based on historical patterns.

• Sentiment: 0.2
• West @ 2024-08-29 02:45:30 EDT Read More

Summary: Bitcoin Cash (BCH) is facing bearish pressure, with a 9% decline to $324.2 and multiple rejections at the 50-week EMA around $350. A negative OI-Weighted Funding Rate suggests further declines, potentially testing lower support levels.

• Sentiment: -0.8
• FXStreet @ 2024-08-29 01:51:10 EDT Read More

Summary: Bitcoin has rebounded to around $62k, showing bullish trends that could lead to a significant bull run by September. Investors are advised to monitor Bitcoin closely, as its positive performance might drive future market momentum.

• Sentiment: 0.8
• Analytics Insight @ 2024-08-29 03:49:53 EDT Read More

Summary: Bitcoin's price was rejected at $65k on August 25, falling to $62k by August 27 amid bearish momentum. Investors are rebalancing portfolios and shifting capital to Rollblock (RBLK), a new altcoin attracting attention with its potential for high returns.

• Sentiment: 0.6
• The Cryptonomist @ 2024-08-29 03:09:07 EDT Read More

Summary: As of August 29, Bitcoin's price is $62,827.83 USD, reflecting the volatile nature of the cryptocurrency market. Investors watch these fluctuations closely for decisions on trading Bitcoin, influenced by market demand and regulatory factors.

• Sentiment: 0.0
• BOL News @ 2024-08-29 03:03:32 EDT Read More

Summary: On August 29, 2024, the Bitcoin (BTC) price in Pakistani Rupee (PKR) is Rs 16,605,192.88.

• Sentiment: 0.0
• BOL News @ 2024-08-29 03:03:53 EDT Read More

Summary: Bitcoin is at a critical juncture, with the $69-70k resistance level being key. Breaking this barrier could propel Bitcoin to $100,000 by year-end, according to trader Captain Faibik, who notes that the current Descending Broadening Wedge pattern suggests a potential breakout.

• Sentiment: 0.3
• Coinpedia @ 2024-08-29 03:02:14 EDT Read More

Summary: Arthur Hayes predicts that impending US rate cuts will boost Bitcoin's price. He believes that while rate cuts might signal a recession and affect inflation, they will benefit Bitcoin due to its finite supply compared to other assets.

• Sentiment: 0.5
• The Daily Hodl @ 2024-08-29 03:05:07 EDT Read More

Summary: Bitcoin's cyclical price trends suggest it could reach $100,000 by year-end, driven by historical performance patterns and potential Federal Reserve interest rate cuts. Lower rates might boost Bitcoin's appeal as a higher-risk asset and weaken the U.S. dollar.

• Sentiment: 0.7
• The Motley Fool @ 2024-08-29 04:39:08 EDT Read More

Summary: Bitcoin's price of $58,900 is attracting large investors, who have been steadily increasing their holdings despite market fluctuations. Their accumulation suggests confidence in Bitcoin's long-term value, anticipating future gains despite current challenges with breaking above the 50-day EMA.

• Sentiment: 0.7
• U.Today @ 2024-08-29 04:33:00 EDT Read More

Summary: Bitcoin rose nearly 1% to $59,724 but remains below the $60,000 mark. Market volatility increased due to a $2.6 billion withdrawal from Binance, with potential further movement influenced by upcoming U.S. economic data and Federal Reserve decisions.

• Sentiment: 0.2
• The Economic Times @ 2024-08-29 04:32:00 EDT Read More

Summary: Charles Edwards of Capriole Fund suggests Bitcoin's price trends may follow gold's movements, with a potential bullish trend for BTC if gold continues to rise. Currently, Bitcoin is down 10.6% in the last month, but could see upward movement if Edwards' theory holds true.

• Sentiment: 0.2
• Coinpedia @ 2024-08-29 04:25:44 EDT Read More

Summary: Bitcoin’s market is facing a downturn with prices hitting $58,034. Despite $313 million in liquidations and a bearish market cycle, Binance traders are buying the dip, and Bitcoin miners have made $3.40 million in profits this past week.

• Sentiment: -0.35
• NullTX @ 2024-08-29 04:24:49 EDT Read More

Summary: Bitcoin is currently stable but down 3% over the past week, with a bearish trend evident. Sellers dominate unless Bitcoin surpasses $66,000. The immediate support level is $55,000, while miners remain profitable above $44,000.

• Sentiment: -0.6
• FXLeaders @ 2024-08-29 04:18:08 EDT Read More

Summary: Bitcoin's recent decline to $59,000 is linked to a significant spike in Bitcoin Exchange Inflow, indicating large deposits onto exchanges. This suggests potential selling pressure by major investors, contributing to the cryptocurrency's bearish trend.

• Sentiment: -0.6
• West Island Blog @ 2024-08-29 04:15:47 EDT Read More

Summary: Bitcoin's cyclical patterns suggest it could still reach $100,000 by year-end, despite recent corrections. Historically strong final quarters and potential interest rate cuts are expected to drive growth, aligning with past bullish trends.

• Sentiment: 0.6
• YAHOO!Finance @ 2024-08-29 04:39:00 EDT Read More

Summary: Bitcoin's recent correction has impacted the broader cryptocurrency market, including XRP, which has seen underperformance. Analysts compare XRP's current undervaluation to Bitcoin's early days, suggesting potential future growth similar to Bitcoin's exponential rise.

• Sentiment: -0.6
• thecurrencyanalytics @ 2024-08-29 04:20:46 EDT Read More

Summary: Bitcoin is nearing a bullish turn, with expectations of a breakout above $73,800 in the coming weeks. Historical data suggests that Bitcoin could hit new all-time highs and potentially peak in the bull market by September 2025.

• Sentiment: 0.7
• The Daily Hodl @ 2024-08-29 05:16:07 EDT Read More

Summary: Bitcoin is facing a challenging week with a 10% drop, but buyers are defending the $58K support. For a potential reversal, BTC must break above $64K and sustain it as support, despite ongoing bearish momentum on the weekly MACD.

• Sentiment: -0.2
• CryptoPotato @ 2024-08-29 05:09:03 EDT Read More

Summary: Despite Bitcoin's current $60,000 price and recent correction, its historical trends and the potential for interest rate cuts suggest it could still reach $100,000 by year-end. Historical patterns show strong performance in the final quarter, and lower interest rates may boost Bitcoin's appeal.

• Sentiment: 0.7
• The Motley Fool @ 2024-08-29 05:00:08 EDT Read More

Summary: The declining peaks of the NVT Golden Cross suggest a possible slowdown in Bitcoin’s uptrend, with recent values failing to surpass previous highs. This trend indicates weakening momentum and potential challenges for sustaining recent Bitcoin rallies.

• Sentiment: -0.4
• BlockchainReporter @ 2024-08-29 06:33:33 EDT Read More

Summary: Bitcoin is consolidating within a Descending Broadening Wedge pattern, facing resistance at $69k-$70k. This resistance is weakening, potentially leading to a breakout and a price surge to $100,000 in Q4 if bullish trends continue.

• Sentiment: 0.3
• CaptainAltcoin @ 2024-08-29 07:30:00 EDT Read More

Summary: Bitcoin fell below $59,000, marking a significant decline from recent highs and causing $95 million in liquidations for BTC traders. This drop contributed to a broader market downturn, with Ethereum also experiencing a notable decline.

• Sentiment: -0.6
• Bitcoinsensus @ 2024-08-29 07:17:34 EDT Read More

Summary: Arthur Hayes warns that the recent euphoria in the crypto market, driven by anticipated lower interest rates, may be premature. He predicts that potential global financial instability and a stronger yen could lead to significant short-term volatility for Bitcoin.

• Sentiment: 0.3
• Investing.com Canada @ 2024-08-29 08:50:08 EDT Read More

Summary: Bitcoin’s price struggles to recover from a recent drop, facing resistance at $60,000. It might decline further to $56,000 or lower if it fails to surpass this level. Negative funding rates also suggest bearish sentiment in the futures market.

• Sentiment: -0.5
• CryptoPotato @ 2024-08-29 08:49:36 EDT Read More

Summary: Bitcoin's price is testing the $58,000 support level, with a possible upward move if it maintains this support. Despite a recent $6,000 drop, the market remains positive, and a price increase beyond $65,000 might follow if momentum continues.

• Sentiment: 0.2
• Investing.com UK @ 2024-08-29 08:51:06 EDT Read More

Summary: Arthur Hayes warns that despite the euphoria over potential Fed rate cuts boosting Bitcoin, the long-term effects might be more complex. He suggests that while short-term gains are possible, significant risks from global financial shifts could impact Bitcoin adversely.

• Sentiment: 0.2
• Investing @ 2024-08-29 08:47:40 EDT Read More

Summary: Crypto markets are feeling super cautious today, with a clear lean towards puts in both Bitcoin and Ether options. Nvidia's impressive earnings report last ...

• Sentiment: 0.0
• cryptopolitan @ 2024-08-29 08:24:07 EDT Read More

Summary: Bitcoin rose above $60,000 after a recent decline, trading around $60,350. This recovery indicates a potential halt in the downward trend and a possible upcoming short-term rally in the largest cryptocurrency.

• Sentiment: 0.15
• CoinDesk @ 2024-08-29 08:23:07 EDT Read More

Summary: Bitcoin's price recently dropped from $65,000 to around $60,000 following Federal Reserve chair Jerome Powell's speech signaling a likely September interest rate cut. Analysts anticipate that increased liquidity from rate cuts could soon boost Bitcoin's value.

• Sentiment: 0.6
• Forbes @ 2024-08-29 08:14:07 EDT Read More

Summary: Bitcoin slipped about 5% in the first half of 2024, unlike gold, which reached record levels. Weaker-than-expected jobs data impacted Bitcoin's risk appeal, contrasting with gold's gain from market uncertainty.

• Sentiment: 0.1
• Barron's @ 2024-08-29 03:56:03 EDT Read More

Summary: Bitcoin is currently experiencing a recovery from a significant floor at $57,500, with technical indicators suggesting a potential rise to $65,000 if it breaks above $62,000. The market shows continued bullish tendencies despite recent sideways movement.

• Sentiment: 0.6
• FXEmpire @ 2024-08-29 09:51:07 EDT Read More

Summary: Bitcoin's recent price patterns resemble those from 2019, according to analyst Benjamin Cowen, who is uneasy about this comparison. He suggests that upcoming monetary policy changes, like potential rate cuts, may be crucial for Bitcoin's future price direction.

• Sentiment: 0.1
• Benzinga @ 2024-08-29 09:46:43 EDT Read More

Summary: Bitcoin has dropped 9.3% over the last month, with a current price of $60,385.16, below its mid-March peak. Despite this, a crypto expert suggests that a bullish trend may soon emerge, drawing parallels to Bitcoin's 2020 crash.

• Sentiment: 0.1
• Coinpedia @ 2024-08-29 09:41:20 EDT Read More

Summary: Bitcoin's price recently dropped from nearly $65,000 to under $58,000, influenced by market reactions and economic news. A brief recovery to $59,700 occurred, but Bitcoin remains under pressure, with a current bearish trend and potential support around $58,300.

• Sentiment: -0.35
• Investing.com Australia @ 2024-08-29 03:02:27 EDT Read More

Summary: Arthur Hayes argues that rate cuts alone will not drive Bitcoin's price upward. He believes Bitcoin's value will require more substantial economic measures, such as central bank balance sheet expansion, rather than just lower interest rates.

• Sentiment: -0.4
• BeInCrypto @ 2024-08-29 09:28:58 EDT Read More

Summary: Bitcoin historically experiences price dips 2-3 months before US presidential elections, followed by significant rallies post-election. This pattern has been observed in 2012, 2016, and 2020, driven by election-related market uncertainty and correlation with the S&P 500.

• Sentiment: 0.1
• Crypto Briefing @ 2024-08-29 09:20:40 EDT Read More

Summary: Bitcoin reached an all-time intraday high of $73,750.07 on March 14, 2024. As of 8 a.m. ET today, the price is $60,078.74, reflecting a 120% increase year-over-year.

• Sentiment: 0.05
• USA Today @ 2024-08-29 08:39:33 EDT Read More

Summary: Bitcoin, trading at $59,691.90, is 19% below its peak of $73,750.07. Expectations are high that BTC could surge to $150,000 by year-end if Donald Trump wins the U.S. presidential election, while a Kamala Harris victory might lead to a significant price drop.

• Sentiment: 0.1
• Watcher Guru @ 2024-08-29 10:30:00 EDT Read More

Summary: Bitwise CIO Matt Hougan predicts Bitcoin will face unexpected crises but notes it is becoming a stable store of value like gold. He emphasizes that Bitcoin’s volatility will diminish over time, influenced by external factors such as economic developments and crises.

• Sentiment: 0.3
• The Daily Hodl @ 2024-08-29 10:31:07 EDT Read More

Summary: Bitcoin bulls seek a rematch with lost support as BTC price inches toward $61000.

• Sentiment: 0.0
• Cointelegraph @ 2024-08-29 10:27:07 EDT Read More

Summary: If Bitcoin reaches $80,000, XRP could trade at $10.4, according to Ergag Crypto, based on a correlation factor between the two assets. This prediction aligns with potential price movements and macro-economic targets set by the analyst.

• Sentiment: 0.8
• The Crypto Basic @ 2024-08-29 10:25:07 EDT Read More

Summary: Trader Luke Martin believes altcoins might be in a prime accumulation phase amidst a brewing altcoin season, citing historic buy signals.

• Sentiment: 0.0
• cryptonews @ 2024-08-29 11:13:13 EDT Read More

Summary: The bitcoin market has hit a phase of tranquility, where investor enthusiasm has cooled, and speculative activity has sharply decreased.

• Sentiment: 0.0
• Bitcoin.com News @ 2024-08-29 12:31:15 EDT Read More

Summary: Bitcoin surged to $61,000, up 3.4% in 24 hours. Analysts note a recurring pattern of Bitcoin price dips before U.S. presidential elections followed by recoveries. Current focus is on breaking resistance levels, with $65k and $70-75k as key targets.

• Sentiment: 0.6
• Benzinga.com @ 2024-08-29 12:01:17 EDT Read More

Summary: The recent CryptoQuant analysis reveals that altcoins are closely mimicking Bitcoin’s price movements, indicating a stable market trend. However, if this positive correlation shifts to a negative one, it could signal increased market volatility and caution for investors.

• Sentiment: 0.5
• TronWeekly @ 2024-08-29 13:49:02 EDT Read More

Summary: Bitcoin sharks and whales have been increasing their holdings over the past month, adding approximately 133,300 BTC despite recent price fluctuations. This suggests that large investors remain confident in Bitcoin's future, even amid bearish market conditions.

• Sentiment: 0.3
• Bitcoinist @ 2024-08-29 13:00:08 EDT Read More

Summary: Bitcoin's price dropped 5% in the past 24 hours, leading to $192.9 million in liquidations on Bybit and $4.06 million on Binance. This sharp decline highlights severe market volatility and widespread sell pressure across major trading platforms.

• Sentiment: -0.8
• The Currency analytics @ 2024-08-29 14:53:08 EDT Read More

Summary: Crypto strategist Michaël van de Poppe predicts Bitcoin (BTC) could surge to $70,000 if it flips the $61,000 resistance level into support. Currently trading at $60,866, BTC’s breakout above this level could test its all-time high of $74,000.

• Sentiment: 0.65
• The Daily Hodl @ 2024-08-29 14:06:08 EDT Read More

Summary: Bitcoin’s price fell to $59,000 from $61,000, with $9.92 million in long positions liquidated due to strong selling pressure from short sellers and negative funding rates. BTC’s technical indicators suggest a bearish trend, with potential further declines if support levels fail.

• Sentiment: -0.8
• Coinpedia @ 2024-08-29 15:39:43 EDT Read More

Summary: Bitcoin's price fell back below $59,000 after an earlier rise above $61,000, reflecting a continued downtrend since its all-time high of $73,000 in March. The market shows signs of consolidation and struggles to recover from August’s drop.

• Sentiment: -0.3
• CoinDesk @ 2024-08-29 15:17:07 EDT Read More

Summary: Rekt Capital predicts Bitcoin (BTC) is poised for a significant breakout, potentially starting a parabolic phase, based on historical post-halving patterns. This bullish outlook suggests BTC could see substantial gains by late September or early October.

• Sentiment: 0.7
• ZyCrypto @ 2024-08-29 16:50:16 EDT Read More

Summary: Bitcoin (BTC) fell below $59,000 after failing to surpass the key $61,000 level, erasing a previous 3.2% gain. The drop reflects ongoing resistance issues and signals potential further consolidation in the market amid broader uncertainty.

• Sentiment: -0.4
• CryptoSlate @ 2024-08-29 16:45:09 EDT Read More

Summary: Bitcoin's slight recovery after a significant drop shows a positive correlation with altcoins like Cardano. Analysts recommend monitoring this correlation for market shifts, as a potential negative correlation could indicate increased risk and impact Bitcoin's price.

• Sentiment: 0.1
• AMBCrypto @ 2024-08-29 16:30:57 EDT Read More

Summary: Ethereum has recently outperformed Bitcoin with a 4% gain, showing signs of recovery. Despite this, Bitcoin maintains greater market dominance and liquidity, suggesting that while Ethereum might experience temporary surges, it remains heavily influenced by Bitcoin’s performance.

• Sentiment: 0.7
• AMBCrypto @ 2024-08-29 16:00:33 EDT Read More

Summary: Crypto analyst Ali Martinez warns that Bitcoin (BTC) might be due for a price correction as the Tom DeMark Sequential Indicator shows a sell signal on its hourly chart, with recent market cycles flipping bearish.

• Sentiment: 0.1
• The Daily Hodl @ 2024-08-29 16:00:09 EDT Read More

Summary: Mister Crypto, has predicted that Bitcoin would see new lows if the current vice president, Kamala Harris, wins the November ...

• Sentiment: 0.0
• cryptopolitan @ 2024-08-29 16:00:09 EDT Read More

Summary: Bitcoin recently fell below $60K, contributing to $313 million in crypto liquidations. This drop included over $94 million in Bitcoin and was marked by a $2.4 billion decrease in open interest, reflecting heightened market caution.

• Sentiment: 0.1
• Crypto Reporter @ 2024-08-29 17:56:06 EDT Read More

Summary: Despite XRP’s current underperformance compared to Bitcoin, some analysts draw parallels to Bitcoin’s early days, suggesting XRP may experience significant future growth. Predictions for XRP's price range from $150 to $587, driven by anticipated market breakthroughs.

• Sentiment: -0.4
• The Coin Republic @ 2024-08-29 17:47:07 EDT Read More

Summary: Bitcoin has retreated to $59,000 after failing to surpass the $61,000 resistance level. This struggle underscores the challenges Bitcoin bulls face in maintaining upward momentum amidst broader market volatility.

• Sentiment: -0.2
• PC-Tablet @ 2024-08-29 17:38:34 EDT Read More

Summary: Bitcoin faces potential downside risk as recent bullish attempts have resulted in lower highs and increased sell pressure. Despite strong demand when BTC drops below $60,000, confidence remains low amid broader economic concerns and market volatility.

• Sentiment: -0.42
• AMBCrypto @ 2024-08-29 18:30:58 EDT Read More

Summary: Bitcoin hit a new all-time high of $73,000 in March 2024 following the introduction of Spot Bitcoin ETFs. Its price has since stabilized around $60,000. The upcoming US election could significantly impact Bitcoin's future performance.

• Sentiment: 0.1
• Watcher Guru @ 2024-08-29 21:00:00 EDT Read More

Summary: Today's $3.67 billion Bitcoin options expiration may trigger short-term volatility in Bitcoin's price, especially given recent declines. The maximum pain price for Bitcoin options is $61,000, with a bullish sentiment indicated by a put-to-call ratio of 0.59.

• Sentiment: 0.05
• BeInCrypto @ 2024-08-29 22:17:43 EDT Read More

Summary: Bitwise Bitcoin ETF (BITB) will acquire $120 million in Bitcoin from Osprey Bitcoin Trust (OBTC), exchanging OBTC shares for BITB shares. This deal enhances Bitwise’s market position and addresses OBTC’s financial challenges, expected to finalize later this year.

• Sentiment: 0.4
• The Tech Report @ 2024-08-28 23:14:20 EDT Read More

Summary: The number of Bitcoin millionaires surged by 111% in 2024, reaching 85,400, driven by new ETFs and Bitcoin’s price peak at $73,000. Despite a recent drop below $60,000, Bitcoin's value increased by 138% over the past year.

• Sentiment: 0.75
• AMBCrypto @ 2024-08-29 00:00:27 EDT Read More

Summary: Massive Bitcoin withdrawals from exchanges, including 60,000 BTC in July and 45,000 BTC in August 2024, indicate growing investor confidence in Bitcoin’s long-term value despite economic instability and increasing regulatory pressures.

• Sentiment: 0.4
• Cointribune @ 2024-08-29 03:34:37 EDT Read More

Summary: Binance experienced significant Bitcoin outflows, totaling 51,398 BTC over the past month, with a substantial 48,000 BTC leaving on August 27 amid allegations of seized assets from Palestinian users. Despite this, Binance remains a major BTC holder.

• Sentiment: -0.5
• crypto.news @ 2024-08-29 03:09:47 EDT Read More

Summary: Block is expanding its Bitcoin ecosystem presence by developing advanced 3 nanometer ASIC mining chips. Core Scientific is the first to use these chips for large-scale mining, aiming to enhance mining efficiency and contribute to Bitcoin network longevity.

• Sentiment: 0.6
• Yahoo Finance @ 2024-08-29 05:45:00 EDT Read More

Summary: BTC price weakness provides a golden opportunity for Bitcoin whales to buy the dip, data shows.

• Sentiment: 0.0
• Cointelegraph @ 2024-08-29 05:43:07 EDT Read More

Summary: WAGMI seeks to channel the revolutionary spirit that launched Ethereum, propelling new blockchain developments to unprecedented heights. Miami, FL , Aug.

• Sentiment: 0.0
• ForexTV @ 2024-08-29 05:17:07 EDT Read More

Summary: Recent Bitcoin downturn linked to movements from dormant addresses, with over 52,000 BTC moved in three days from short-term holders and 75,228 from mid-term holders. These shifts contribute to a bearish sentiment in the market.

• Sentiment: -0.6
• crypto.news @ 2024-08-29 06:48:00 EDT Read More

Summary: Bitcoin's price has dropped to a 9-day low of $58,000 amid market volatility, but upcoming developments, such as potential interest rate cuts and supportive political shifts, may trigger a recovery. This contrasts with the rapid gains from new meme coin presales.

• Sentiment: 0.45
• CaptainAltcoin @ 2024-08-29 06:30:00 EDT Read More

Summary: Hilbert Capital and Xapo Bank are launching a Bitcoin-denominated hedge fund in September, starting with over $200 million. This fund aims to provide institutional-grade structured credit arrangements in BTC, targeting corporates and professional investors seeking Bitcoin exposure.

• Sentiment: 0.7
• Alternatives Watch @ 2024-08-29 06:27:08 EDT Read More

Summary: A dormant Bitcoin wallet reactivated after nearly a dozen years, revealing 100 BTC now worth $5,964,455, a 41,897% increase from its 2013 value of $14,202. This reawakening has sparked speculation about potential sales by the holder.

• Sentiment: 0.1
• U.Today @ 2024-08-29 06:20:00 EDT Read More

Summary: Bitcoin’s rise to over $73,000 in March and the approval of spot Bitcoin ETFs have spurred a significant increase in crypto millionaires, with the number of Bitcoin millionaires soaring by 111% to 85,400 and overall crypto market value reaching $2.3 trillion.

• Sentiment: 0.7
• Fox Business @ 2024-08-29 06:00:21 EDT Read More

Summary: Businesses adopting Bitcoin benefit from enhanced security, reduced fees, and quicker transactions, which attract tech-savvy clients and boost competitiveness. Bitcoin’s global appeal and blockchain technology also facilitate market expansion and brand loyalty.

• Sentiment: 0.9
• SMEStreet @ 2024-08-29 07:45:53 EDT Read More

Summary: Peter Thiel on the Joe Rogan Experience praised Bitcoin as a significantly undervalued invention, comparing its impact to the internet and noting its role in advancing AI. Despite current volatility, Bitcoin's adoption is growing and reshaping business practices.

• Sentiment: 0.5
• FXLeaders @ 2024-08-29 07:34:12 EDT Read More

Summary: Samson Mow predicts Bitcoin could reach $1.5 million by early 2025, despite recent price drops. His bullish stance, urging more investment, is seen by some as visionary but criticized by others as irresponsible speculation that might mislead investors.

• Sentiment: 0.1
• Investing.com @ 2024-08-29 08:52:51 EDT Read More

Summary: A crypto whale, previously responsible for a $467 million Bitcoin dump in July, has withdrawn 1000 BTC (worth approximately $59.6 million).

• Sentiment: 0.0
• Cryptopolitan @ 2024-08-29 08:56:06 EDT Read More

Summary: MicroStrategy's recent purchase of 8,169 Bitcoin at an average price of $67,455 each shows a loss of approximately $1.3 million due to Bitcoin's current price of $59,738. This highlights the ongoing volatility and risk associated with Bitcoin investments.

• Sentiment: -0.2
• U.Today @ 2024-08-29 08:49:00 EDT Read More

Summary: Warren Buffett's Berkshire Hathaway is now a few hundred million behind Bitcoin's market cap.

• Sentiment: 0.0
• Cointelegraph @ 2024-08-29 08:38:06 EDT Read More

Summary: A Bitcoin wallet inactive since 2013, holding 100 BTC now worth about $5.96 million, was recently reactivated. This highlights Bitcoin’s significant price increase, from a 2013 value of $14,202, and reflects broader trends in Bitcoin holder behavior.

• Sentiment: 0.2
• The Crypto Basic @ 2024-08-29 10:28:07 EDT Read More

Summary: 7,999 BTC valued at $472.8 million was withdrawn from an exchange's cold wallet and distributed into 50 addresses. This movement, linked to potential institutional players, occurs amid Bitcoin trading within a bullish flag pattern, suggesting a potential rise toward $68K and beyond.

• Sentiment: 0.7
• Analytics Insight @ 2024-08-29 10:24:07 EDT Read More

Summary: Wallets holding 10-10,000 BTC have accumulated an additional 133,300 BTC over the past month, now holding 66.6% of the supply. This significant accumulation by major holders contrasts with smaller traders selling off their holdings.

• Sentiment: 0.7
• U.Today @ 2024-08-29 11:55:00 EDT Read More

Summary: A Bitcoin whale recently bought 1,000 BTC for $59.65 million, signaling confidence in Bitcoin's future despite current market conditions. This strategic purchase follows a prior sell-off, suggesting the whale's adept market timing and potential for a bullish trend.

• Sentiment: 0.6
• BlockchainReporter @ 2024-08-29 11:45:00 EDT Read More

Summary: Michael Saylor, CEO of MicroStrategy, continues to express his bullish stance on Bitcoin through social media, using AI-generated imagery and captions. MicroStrategy remains a major Bitcoin holder with 226,500 BTC, valued at $13.68 billion, and plans further purchases.

• Sentiment: 0.6
• U.Today @ 2024-08-29 11:33:00 EDT Read More

Summary: Anthony Pompliano explains how BTC may react to lower rates and recession. An overview of how such an environment may affect Memeinator.

• Sentiment: 0.0
• Invezz @ 2024-08-29 11:07:13 EDT Read More

Summary: Speculation surrounds Dell Technologies’ upcoming earnings report, with Bitcoin enthusiasts hoping for a disclosure of any BTC purchases by the company. Historical interactions and social media posts by Michael Dell have intensified rumors about potential Bitcoin investments.

• Sentiment: 0.1
• https//beincrypto.com @ 2024-08-29 11:02:57 EDT Read More

Summary: A new report reveals a significant increase in wealthy crypto asset holders, with bitcoin (BTC) millionaires rising 111% to 85,400 and individuals with...

• Sentiment: 0.0
• Bitcoin.com News @ 2024-08-29 13:31:08 EDT Read More

Summary: Recent large Bitcoin transfers, including significant movements of long-inactive coins, suggest increased selling pressure and potential further declines in Bitcoin's value. Notably, over 40,000 BTC were transferred on August 29, raising concerns about bearish market trends.

• Sentiment: -0.7
• BlockchainReporter @ 2024-08-29 14:40:00 EDT Read More

Summary: The number of Bitcoin addresses holding at least $1 million has seen notable ups and downs over the past year, mirroring Bitcoin's volatile price movements.

• Sentiment: 0.0
• The Currency analytics @ 2024-08-29 14:07:08 EDT Read More

Summary: The surge in Bitcoin's “age consumed” metric suggests increased activity from long-term holders, potentially signaling a shift in market trends. However, despite a recent 1% price increase, further analysis is needed to confirm any significant market change.

• Sentiment: 0.1
• BeInCrypto @ 2024-08-29 15:00:00 EDT Read More

Summary: Swan Bitcoin and Equity Trust Company are enhancing Bitcoin Individual Retirement Accounts (IRAs) with new account options and features, including direct on-chain visibility for Bitcoin holdings. This partnership aims to improve access and security for Bitcoin in retirement portfolios.

• Sentiment: 0.6
• crypto.news @ 2024-08-29 16:36:46 EDT Read More

Summary: An ancient Bitcoin address moved 64.59 BTC after 13.5 years, valued at $4.142 million. This was a significant increase from its original worth of $64.46 in 2011, highlighting a 6,426,000% rise in value.

• Sentiment: 0.2
• The Daily Hodl @ 2024-08-29 16:00:09 EDT Read More

Summary: A Bitcoin whale recently redeemed 1,000 BTC worth $59.6M from Binance, drawing attention and speculation about potential market volatility. This move follows a prior significant deposit and associated price dip in Bitcoin.

• Sentiment: 0.1
• BlockchainReporter @ 2024-08-29 17:00:00 EDT Read More

Summary: Binance faced a massive Bitcoin withdrawal of 44,808 BTC worth over $2.6 billion amid backlash, leading to intensified market declines and ETF net outflows. This could impact BTC's price, potentially driving it higher or lower based on future market actions.

• Sentiment: -0.6
• AMBCrypto @ 2024-08-29 20:00:07 EDT Read More

Summary: A prominent Bitcoin whale recently invested heavily in the meme coin MoonTaurus (MNTR), which has surged in its presale. This move may reflect a strategic hedge against Bitcoin’s current volatility and highlight a trend of diversifying into high-potential altcoins.

• Sentiment: 0.6
• Finbold @ 2024-08-29 20:00:08 EDT Read More