Summary: El Salvador’s President Nayib Bukele admitted that Bitcoin adoption in the country has been mixed, with less widespread use than hoped. Despite this, he views the BTC initiative as a net positive, benefiting from branding, investments, and tourism.

• Sentiment: 0.2
• ZyCrypto @ 2024-08-31 09:38:06 EDT Read More

Summary: President Nayib Bukele pondered how El Salvador adopted the bitcoin banner and how it has fared for the country so far.

• Sentiment: 0.0
• Bitcoin.com News @ 2024-08-31 14:40:07 EDT Read More

Summary: El Salvador President Nayib Bukele discusses Bitcoin adoption, challenges, and positives with TIME Magazine.

• Sentiment: 0.2
• 99Bitcoins @ 2024-08-31 14:15:07 EDT Read More

Summary: El Salvador holds $400 million in Bitcoin in its public wallet and continues to advocate for Bitcoin despite lower-than-expected adoption rates. President Bukele asserts the strategy has attracted investment and branding, despite concerns from institutions like the IMF.

• Sentiment: 0.3
• The Tech Report @ 2024-08-31 13:45:59 EDT Read More

Summary: In a new interview, President Nayib Bukele reflected on the success and failures of bitcoin adoption.

• Sentiment: 0.3
• TheStreet @ 2024-08-31 20:00:07 EDT Read More

Summary: El Salvador's President Bukele claims the country's bitcoin experiment is a "resounding success" despite low adoption, with only 12% of citizens using it recently. Bukele emphasizes voluntary use and highlights benefits such as branding, investments, and tourism.

• Sentiment: 0.2
• YAHOO!Finance @ 2024-08-31 19:52:35 EDT Read More

Summary: ProShares Bitcoin Strategy ETF (BITO) experienced a significant surge in options trading, with 356,831 call options acquired on Friday, representing a 140% increase over the average daily volume. The ETF's shares opened at $18.98 and have varied widely over the past year.

• Sentiment: 0.1
• Defense World @ 2024-08-31 01:14:08 EDT Read More

Summary: BlackRock’s iShares Bitcoin Trust (IBIT) faced a $13.5 million outflow, its second since January, amid a broader trend of withdrawals from Bitcoin ETFs. This contrasts with inflows into ARK’s Bitcoin ETF, reflecting varied investor sentiment in a stagnant market.

• Sentiment: 0.1
• TopNews @ 2024-08-31 01:00:08 EDT Read More

Summary: On August 30th, BTC ETFs experienced zero inflow for the first time ever, with Grayscale’s GBTC leading in outflows at $70.2 million. The total BTC ETF outflow for the day reached $175.6 million.

• Sentiment: -0.5
• Coinpedia @ 2024-08-31 02:38:21 EDT Read More

Summary: BlackRock’s iShares Bitcoin Trust (IBIT) experienced significant outflows of $13.5 million on August 29, amid a Bitcoin price drop below $59,000, marking its second-ever outflow and highlighting waning investor interest in spot Bitcoin ETFs.

• Sentiment: -0.75
• ZyCrypto @ 2024-08-31 09:06:27 EDT Read More

Summary: Spot bitcoin exchange-traded funds (ETFs) faced another round of outflows as five funds pulled out $175.67 million.

• Sentiment: 0.2
• Bitcoin.com News @ 2024-08-31 10:06:07 EDT Read More

Summary: Spot Bitcoin ETFs saw net outflows of $71.73 million on August 29, the third straight day of declines. BlackRock’s IBIT recorded a $13.51 million outflow, its first since May 1, indicating a potential shift in investor sentiment.

• Sentiment: -0.5
• The Tech Report @ 2024-08-31 10:36:28 EDT Read More

Summary: Ethereum exchange-traded funds continue to wobble as spot bitcoin ETFs log a red candle for the month of August.

• Sentiment: 0.0
• The Block @ 2024-08-31 13:14:08 EDT Read More

Summary: Rothschild Investment LLC acquired 39,475 shares of iShares Bitcoin Trust (NASDAQ:IBIT), valued at approximately $1,348,000, during the second quarter. Several other institutional investors also recently secured new holdings in the trust, underscoring growing interest in BTC investments.

• Sentiment: 0.1
• MarketBeat @ 2024-08-31 14:47:07 EDT Read More

Summary: The spot bitcoin exchange-traded fund (ETF) from BlackRock, the world's largest asset manager, saw net outflows of $13.5 million on August 29,...

• Sentiment: 0.0
• TheStreet @ 2024-08-31 15:47:08 EDT Read More

Summary: ETH's underperformance relative to BTC hit a yearly low due to net buyer interest divergence, weak investor attraction to ETH ETFs, liquidity timing, lack of staking features, and competition from other smart contract chains, according to Coinbase analysts.

• Sentiment: -0.6
• AMBCrypto @ 2024-08-31 15:00:43 EDT Read More

Summary: BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), experienced net outflows of $13.5 million on August 29, its largest loss in four months, amid a wider market trend of outflows from bitcoin and ether ETFs.

• Sentiment: -0.6
• YAHOO!Finance @ 2024-08-31 15:47:15 EDT Read More

Summary: Rhodium Encore LLC, amid Chapter 11 bankruptcy, is allowed to choose between $30 million or 500 Bitcoin from Galaxy Digital for financing. This unusual option highlights a shift in bankruptcy strategies, reflecting increased adoption of cryptocurrency in financial recovery.

• Sentiment: 0.1
• The Crypto Times @ 2024-08-31 00:52:08 EDT Read More

Summary: The dollar loan would have a 14.5% annual interest while the interest rate on the Bitcoin loan is cheaper at 9.5%.

• Sentiment: 0.0
• Cointelegraph @ 2024-08-31 04:14:07 EDT Read More

Summary: Rhodium Enterprises secured an option for bankruptcy funding in fiat or 500 Bitcoin, approved by the U.S. Bankruptcy Court, showcasing innovation and risk in navigating financial distress within the volatile crypto sector.

• Sentiment: 0.1
• Coinrevolution @ 2024-08-31 06:22:16 EDT Read More

Summary: Rhodium's Chapter 11 filing highlights challenges in the Bitcoin mining industry, with Galaxy Digital offering a financing option of $30M or 500 BTC. The approval comes amid Bitcoin price volatility and increased operational costs impacting miner profitability.

• Sentiment: -0.4
• Bitcoinleef @ 2024-08-31 11:38:45 EDT Read More

Summary: Rhodium Enterprises, the crypto miner that went bankrupt last week, just got court approval to borrow money in either U.S. dollars or Bitcoin.

• Sentiment: 0.65
• Cryptopolitan @ 2024-08-31 18:48:07 EDT Read More

Summary: Nasdaq is seeking regulatory approval to launch options on a bitcoin index, aiming to provide institutional investors and traders with a new tool to hedge and amplify exposure to bitcoin, pending SEC approval of related ETFs.

• Sentiment: 0.2
• Cyprus Mail @ 2024-08-30 23:30:07 EDT Read More

Summary: Jack Dorsey highlights Bitcoin’s role in resisting digital censorship and protecting freedom of expression amidst increasing online restrictions. Bitcoin’s decentralized nature offers a robust alternative to centralized systems vulnerable to censorship and control.

• Sentiment: 0.5
• Cointribune @ 2024-08-31 01:05:00 EDT Read More

Summary: Bitcoin mining, criticized for energy use, is now a catalyst for renewable energy adoption and efficiency. By utilizing excess energy from renewable sources, improving technologies like immersion cooling, and supporting grid stability, mining advances sustainable energy practices.

• Sentiment: 0.8
• Sioux City Journal @ 2024-08-31 01:00:08 EDT Read More

Summary: In 2024, many free Bitcoin mining sites have emerged, allowing users to mine Bitcoin without upfront costs. Notable platforms include MasHash, which offers automatic mining and daily payouts, and ECOS, which provides flexible plans and an integrated crypto wallet.

• Sentiment: 0.5
• Blockzeit @ 2024-08-31 03:35:41 EDT Read More

Summary: Bitcoin ATM fraud is surging, especially targeting the elderly, with losses exceeding $110 million in 2023. Scammers exploit these ATMs to trick victims into depositing cash, which is converted to Bitcoin and stolen.

• Sentiment: -0.6
• Coinpedia @ 2024-08-31 03:28:28 EDT Read More

Summary: Dell Technologies did not include Bitcoin (BTC) in its Q2 holdings, disappointing the crypto community despite CEO Michael Dell's prior public support. AI drove the firm's Q2 earnings, contrasting with the high BTC ranking in a recent poll.

• Sentiment: -0.4
• AMBCrypto @ 2024-08-31 03:00:04 EDT Read More

Summary: Concerns have been raised over WBTC custodian BitGo's decision to partner with the Tron network and its founder.

• Sentiment: 0.3
• The Defiant @ 2024-08-31 05:37:07 EDT Read More

Summary: In an era where digital censorship and authoritarian controls are increasingly pervasive, Jack Dorsey, the renowned tech visionary and co-founder of Twitter...

• Sentiment: 0.0
• The Vocal News @ 2024-08-31 06:00:07 EDT Read More

Summary: Michael Saylor, chairman of MicroStrategy, emphasized that Bitcoin’s success is due to its calculated, mathematical foundation, not randomness. He highlighted key figures like Bitcoin’s halving schedule and limited supply, underscoring his confidence in Bitcoin’s future despite recent price fluctuations.

• Sentiment: 0.7
• Coinpedia @ 2024-08-31 07:44:28 EDT Read More

Summary: The Nakamoto Activation Sequence for Stacks Layer 2 has begun, enhancing Bitcoin integration with improvements such as faster transactions, stronger finality, and reduced miner MEV opportunities, positioning Stacks to advance Bitcoin’s scalability and functionality.

• Sentiment: 0.9
• Bitcoinist @ 2024-08-31 07:36:46 EDT Read More

Summary: Vinanz PLC is expanding Bitcoin mining operations in the U.S., targeting Bitcoin-friendly states and aiming for a $1 billion market valuation and NASDAQ listing by next year, with hopes of a Bitcoin price boost if Trump wins the election.

• Sentiment: 0.74
• Share Talk @ 2024-08-31 07:28:01 EDT Read More

Summary: Local officials met with Texas lawmakers in Austin to discuss Bitcoin mining regulations and policies in the state.

• Sentiment: 0.2
• Glen Rose Reporter @ 2024-08-31 08:27:37 EDT Read More

Summary: Crypto in Africa is growing. Nigeria has approved the first crypto exchange, while Bitcoin trading is popular in Egypt.

• Sentiment: 0.0
• 99Bitcoins @ 2024-08-31 08:18:12 EDT Read More

Summary: Helium, Tron, and Aave posted impressive gains in August, outshining Bitcoin and the broader crypto market downturn.

• Sentiment: 0.0
• Invezz @ 2024-08-31 08:11:12 EDT Read More

Summary: The article outlines the Bitcoin Project Incubator Service market, emphasizing its segmentation by type, application, and region. It highlights varying regional dynamics and challenges, with notable mentions of the growing need for advanced analytics in different industries.

• Sentiment: 0.0
• www.dailynewsmirror.in @ 2024-08-31 09:56:32 EDT Read More

Summary: Michael Saylor has launched Bitcoin24, an open-source tool predicting Bitcoin's growth over 21 years, aiding individuals, companies, and governments in Bitcoin strategy. Despite market fluctuations, MicroStrategy's investment in 226,500 BTC has resulted in significant unrealized profit.

• Sentiment: 0.7
• Bitcoinik @ 2024-08-31 09:50:26 EDT Read More

Summary: IREN, a publicly-listed Bitcoin miner, reported a 145% revenue increase and mined 4,191 BTC in the fiscal year ending June 30, 2024. The company's Bitcoin mining revenue reached $184.1 million, and it aims to expand its mining capacity to 30 EH/s by year-end.

• Sentiment: 0.9
• Finance Magnates @ 2024-08-31 10:22:04 EDT Read More

Summary: Coinbase announced cbBTC, a wrapped Bitcoin token on Ethereum, designed for its Base layer 2 blockchain. cbBTC, backed by real Bitcoin, competes with BitGo’s wBTC and aims to offer more transparency and security, leveraging Coinbase's reputation.

• Sentiment: 0.3
• Cointribune @ 2024-08-31 10:15:00 EDT Read More

Summary: MicroStrategy focuses on accumulating Bitcoin (BTC) and supporting its mainstream use. Despite a significant market cap premium over its BTC holdings, the company’s long-term value hinges on BTC’s appreciation and its ability to generate positive BTC yield.

• Sentiment: 0.2
• Seeking Alpha @ 2024-08-31 12:30:00 EDT Read More

Summary: Bitcoin will be increasingly used as a reserve asset on the balance sheets of publicly listed companies underlining its ...

• Sentiment: 0.0
• Crowdfund Insider @ 2024-08-31 09:00:19 EDT Read More

Summary: Tina Rodriguez, who made $2 million from early Bitcoin (BTC) investments, is now investing in ETFSwap (ETFS) presales, forecasting similar success. This shift is impacting BTC trading, which has fallen by 2.58% as investors seek ETFSwap's potential 100x returns.

• Sentiment: 0.85
• Finbold @ 2024-08-31 13:00:00 EDT Read More

Summary: Dan Roberts of IREN discussed leveraging their data centers for both Bitcoin mining and AI model training. He highlighted IREN's use of 100% renewable energy and extensive infrastructure, positioning the company as a major player in Bitcoin mining and AI integration.

• Sentiment: 0.6
• CryptoGlobe @ 2024-08-31 14:40:24 EDT Read More

Summary: The number of Bitcoin ($BTC) millionaires surged 111% over the past year, reaching 85,400. This significant increase highlights Bitcoin's continued relevance and dominance in the cryptocurrency market, which has seen substantial growth in value and investor interest.

• Sentiment: 0.8
• BlockchainReporter @ 2024-08-31 14:00:00 EDT Read More

Summary: Read more about Cryptonews The decentralized finance (DeFi) protocol Threshold has proposed a merger between its Bitcoin ...

• Sentiment: 0.2
• cryptonews @ 2024-08-31 12:00:08 EDT Read More

Summary: Casinonic, a Bitcoin casino, offers up to A$5,000 in bonus cash for new Australian players, accepts Bitcoin for deposits and withdrawals, and features a variety of games including slots, table games, and live dealer titles.

• Sentiment: 0.6
• Den of Geek @ 2024-08-31 00:35:00 EDT Read More

Summary: The SIBAN leader believes clear regulations will attract foreign investors and benefit Nigerian entrepreneurs.

• Sentiment: 0.0
• Bitcoin.com News @ 2024-08-31 17:31:06 EDT Read More

Summary: The XRP community accuses the US SEC of bias towards Bitcoin and Ethereum, criticizing the agency's perceived favoritism and leniency towards these cryptocurrencies while scrutinizing Ripple more harshly. This has intensified debate and frustration within the crypto space.

• Sentiment: -0.8
• EconoTimes @ 2024-08-31 17:22:56 EDT Read More

Summary: Bitcoin reached a new record high of $73.8K in March 2024, driven by U.S. spot bitcoin ETFs, creating six new billionaires and increasing millionaires by 95%, though it later traded 16%-23% off its highs.

• Sentiment: 0.8
• Seeking Alpha @ 2024-08-31 16:14:00 EDT Read More

Summary: The number of Bitcoin millionaires who hold only BTC increased by 111% to 85,400 as of June 2024, while Bitcoin centi-millionaires and billionaires rose by 100% and 83% respectively, reflecting significant wealth generation potential amid a market downturn.

• Sentiment: 0.2
• Coinpedia @ 2024-08-31 17:55:41 EDT Read More

Summary: Nigeria's SEC granted Approval in Principle to Busha and Quidax, marking the first approvals for crypto exchanges under its Accelerated Regulatory Incubation Program. Effective Bitcoin regulation in Nigeria is crucial to balance innovation, economic growth, and competitive markets.

• Sentiment: 0.5
• Forbes @ 2024-08-31 18:50:07 EDT Read More

Summary: Lightspark's new UMA Extend feature integrates Bitcoin’s Lightning Network with U.S. banks, allowing instant LN payments to be settled directly into bank accounts. This move aims to enhance LN adoption by bridging cryptocurrency and traditional financial systems.

• Sentiment: 0.7
• Inside Bitcoins @ 2024-08-31 18:03:43 EDT Read More

Summary: Bitcoin ATM scammers targeted senior citizens last year, resulting in $110 million in losses, a tenfold increase from 2020. Scammers used fake customer service calls to trick victims into sending money through these ATMs, disproportionately affecting older adults.

• Sentiment: -0.9
• New York Post @ 2024-08-31 19:15:09 EDT Read More

Summary: Recent Bitcoin whale movements—2,000 BTC moved to Binance—have sparked market anxiety, suggesting a potential sell-off. However, long-term holders, with 30.7% of BTC dormant for over five years, and a stable hash rate indicate strong confidence in Bitcoin's future.

• Sentiment: 0.1
• Coinpedia @ 2024-08-30 23:52:31 EDT Read More

Summary: Max Keiser predicts the U.S. dollar could collapse within six months due to soaring national debt, highlighting Bitcoin’s potential as a safe haven. He believes Bitcoin's superiority over altcoins makes it the most secure digital asset.

• Sentiment: -0.2
• Coinpedia @ 2024-08-30 23:16:52 EDT Read More

Summary: Bitcoin is testing critical support at $59K, with mixed technical indicators suggesting potential for either a decline or recovery. On-chain data shows 81% of holders are in profit, supporting a bullish outlook despite recent price declines.

• Sentiment: 0.2
• AMBCrypto @ 2024-08-31 00:00:55 EDT Read More

Summary: Bitcoin is struggling to break above $60,000, with bearish pressures due to significant BTC liquidations and fund redistribution to Mt. Gox creditors. Despite this, Bitcoin remains above key support levels and could potentially rebound if bullish trends resume.

• Sentiment: -0.2
• Coinpedia @ 2024-08-31 01:09:25 EDT Read More

Summary: Bitcoin is struggling to regain the $60,000 level, facing significant resistance. Traders are closely watching this level as critical for Bitcoin's future movement, with some predicting a potential decline to $53,000 to $54,000 if the resistance isn't overcome.

• Sentiment: -0.45
• PanAsiaBiz @ 2024-08-31 02:44:41 EDT Read More

Summary: Bitcoin (BTC) has shown strong fourth-quarter performance historically, with a significant surge in 2023. For 2024, market conditions, technical indicators, and resistance levels suggest potential for another Q4 rally, with predictions of a rise to $87,000 if key resistance is breached.

• Sentiment: 0.3
• SFC Today @ 2024-08-31 02:44:41 EDT Read More

Summary: Bitcoin’s price fell below $60k, and September historically brings market challenges. Key events include potential Federal Reserve interest rate cuts and the impact of Binance CEO Changpeng Zhao’s potential release, which could influence Bitcoin and crypto market trends.

• Sentiment: -0.2
• CaptainAltcoin @ 2024-08-31 02:08:48 EDT Read More

Summary: Bitcoin trades at $59,242 amid a 26% rise in trading volume. Despite bullish attempts, it remains bearish in a descending triangle pattern, below 50-day and 200-day SMAs. Key resistance is at $64,130, with potential support at $55,000.

• Sentiment: -0.6
• Inside Bitcoins @ 2024-08-31 02:05:00 EDT Read More

Summary: Bitcoin's dominance has been increasing for over 600 days, currently at 57.32%, while altcoins have been in a downtrend for over 150 days. A significant drop in Bitcoin’s dominance could trigger an altcoin season, leading to potential gains for altcoins.

• Sentiment: 0.1
• Coinpedia @ 2024-08-31 03:46:23 EDT Read More

Summary: Jack Mallers, CEO of Strike, predicts Bitcoin could soar to $1 million due to central banks' potential money printing and economic instability. Despite ETF outflows, global Bitcoin accumulation is strong, with key factors like market activity and potential political changes driving future value.

• Sentiment: 0.3
• Coinpedia @ 2024-08-31 03:41:50 EDT Read More

Summary: A crypto analyst warns that Bitcoin must stay above $57700 to maintain its uptrend and avoid a critical drop below $56000.

• Sentiment: 0.0
• Cointelegraph @ 2024-08-31 03:21:07 EDT Read More

Summary: Bitcoin reserves on exchanges have hit their lowest point for 2024, reducing liquidity and potentially leading to higher prices if demand increases. This decline reflects a shift towards self-custody solutions, which may signal a bullish trend for Bitcoin.

• Sentiment: 0.7
• The Currency analytics @ 2024-08-31 02:28:30 EDT Read More

Summary: Cowen predicts Bitcoin's bearish trend may persist until the end of 2024 due to ongoing lower highs and lows. A potential reversal hinges on the Federal Reserve cutting interest rates by at least 75 basis points, with an optimistic scenario in October.

• Sentiment: -0.7
• The Currency analytics @ 2024-08-31 01:32:29 EDT Read More

Summary: Anthony Pompliano predicts a bullish phase for Bitcoin (BTC) could begin soon, citing a historical pattern of price increases from late Q3 into Q4. Currently trading at $59,308, Bitcoin's recent sideways movement is attributed to reduced summer activity.

• Sentiment: 0.1
• The Daily Hodl @ 2024-08-31 03:05:07 EDT Read More

Summary: Bitcoin experienced a sharp decline due to dwindling short-term liquidity and increased Tether (USDT) dominance. Investor sentiment drove BTC into a $58,000 liquidity pool on August 27, highlighting the market's sensitivity to liquidity conditions and Tether's stabilizing role.

• Sentiment: -0.7
• thecurrencyanalytics @ 2024-08-30 23:12:50 EDT Read More

Summary: Ark Invest’s $100 million Bitcoin sell-off caused a sharp price drop to $57,866, but Bitcoin quickly rebounded above $60,000. This highlights Bitcoin's resilience and suggests that while large transactions can cause short-term volatility, they do not necessarily indicate a long-term decline.

• Sentiment: 0.4
• The Currency analytics @ 2024-08-31 04:20:37 EDT Read More

Summary: Despite reaching a new all-time high in March 2024, Bitcoin has struggled to sustain momentum toward the $100,000 target. Factors affecting this include market sentiment, regulatory developments, and adoption levels, with potential improvement dependent on economic conditions and investor confidence.

• Sentiment: -0.3
• CryptoPotato @ 2024-08-31 04:16:35 EDT Read More

Summary: The Bitcoin market cycle indicator is in a bear phase, and if Bitcoin falls below $56,000, a larger correction could follow. Despite a $2.40 billion drop in exchange supply and strong buying pressure, Bitcoin spot ETFs faced a $71 million net outflow.

• Sentiment: 0.1
• The Merkle News @ 2024-08-31 04:12:41 EDT Read More

Summary: Bitcoin (BTC) is struggling to stay above $60K due to global market distractions, ETF outflows, and negative fundamentals. If it can maintain this level, it could trigger a market shift and positively impact potential altcoins.

• Sentiment: 0.03
• Coinpedia @ 2024-08-31 04:09:19 EDT Read More

Summary: Bitcoin's dropping presence on exchanges signals a potential price rally, with only 2.62 million BTC left, indicating a long-term bullish sentiment as investors move assets to cold storage. Analysts predict Bitcoin may surpass $60,000 by Q4 2024.

• Sentiment: 0.7
• Coinpedia @ 2024-08-31 04:06:08 EDT Read More

Summary: Bitcoin is currently down 11% over the past 30 days and has fallen below $60,000, largely due to slowing inflows into new spot Bitcoin ETFs and investor caution. However, a potential rebound to $100,000 by year-end is anticipated if ETF inflows and sentiment improve.

• Sentiment: 0.1
• The Motley Fool @ 2024-08-31 05:50:07 EDT Read More

Summary: Bitcoin’s potential surge to $325,000 or $777,000 would drive Shiba Inu’s price to $0.00007694 or $0.00018396 respectively, due to Shiba Inu’s 82% correlation with Bitcoin.

• Sentiment: 0.1
• The Crypto Basic @ 2024-08-31 05:34:07 EDT Read More

Summary: Crypto analyst Altcoin Sherpa notes that Bitcoin (BTC) shows mixed signals with bearish trends on short-term charts and bullishness on the weekly chart, indicating uncertainty in the short to medium term despite favorable macro conditions.

• Sentiment: 0.7
• The Daily Hodl @ 2024-08-31 05:15:07 EDT Read More

Summary: Bitcoin's price fell below $60K, leading to a 12% monthly decline and over $321 million in liquidations. The cryptocurrency has dropped more than 20% since its April peak. Key support now stands at $58.9K.

• Sentiment: -0.5
• FXLeaders @ 2024-08-31 05:06:07 EDT Read More

Summary: Bitcoin to USD exchange rate was $59023.84 on August 31, reflecting the cryptocurrency market's dynamic nature where investors monitor fluctuations for informed decisions regarding Bitcoin transactions.

• Sentiment: 0.0
• BOL News @ 2024-08-31 06:44:40 EDT Read More

Summary: As of August 31, 2024, the exchange rate for Bitcoin (BTC) is 16,449,057.71 Pakistani Rupees (PKR).

• Sentiment: 0.0
• BOL News @ 2024-08-31 06:45:21 EDT Read More

Summary: Elon Musk’s warning about rising U.S. national debt and inflation concerns has spurred interest in Bitcoin as a hedge against economic instability. Bitcoin briefly surged to $59,000 amid these uncertainties, highlighting its appeal as a safe-haven asset.

• Sentiment: -0.4
• Coinpedia @ 2024-08-31 06:19:02 EDT Read More

Summary: Bitcoin's recent 11% decline and resistance at $62,000 reflect market uncertainty, influenced by macroeconomic factors and regulatory concerns. Anticipated Federal Reserve interest rate cuts could impact Bitcoin's performance, while regulatory issues and market volatility add complexity to investment strategies.

• Sentiment: -0.1
• Coinrevolution @ 2024-08-31 06:13:37 EDT Read More

Summary: Despite steady U.S. inflation and increased odds of a Fed rate cut in September, Bitcoin’s price remains subdued and range-bound between $58k and $65k, with limited impact from macroeconomic news and ongoing weak sentiment.

• Sentiment: 0.1
• AMBCrypto @ 2024-08-31 06:00:42 EDT Read More

Summary: It was a waterfall of red, spilling down from the top of the cryptocurrency charts this week. The price of Bitcoin rolled into the weekend at $59,297,...

• Sentiment: 0.0
• Decrypt @ 2024-08-31 06:01:07 EDT Read More

Summary: Bitcoin is nearing the end of its consolidation phase, with analyst Rekt Capital predicting a parabolic rise akin to post-halving patterns from 2016 and 2020, potentially surging by late September or early October, boosted by favorable macroeconomic conditions.

• Sentiment: 0.85
• The Currency analytics @ 2024-08-31 07:08:23 EDT Read More

Summary: In the U.S., Bitcoin (BTC) demand surged following Jerome Powell's comments, reflected in a rise in the Coinbase Premium and Open Interest. Despite a 6% price increase, overall Bitcoin demand growth remains negative, showing limited broad market engagement.

• Sentiment: 0.2
• CryptoPotato @ 2024-08-31 07:13:50 EDT Read More

Summary: Bitcoin surged over 6% on August 23 due to Federal Reserve Chair Jerome Powell's hint at interest rate cuts but experienced a significant drop on August 28 as part of a broader crypto selloff. Despite volatility, BTC market dominance rose, signaling potential for recovery.

• Sentiment: 0.15
• U.Today @ 2024-08-31 07:00:00 EDT Read More

Summary: The bitcoin price has dropped to around $60,000 from over $70,000 in March, with Coinbase's CEO predicting AI-driven crypto transactions could revolutionize the market. The Federal Reserve's actions might influence future momentum.

• Sentiment: 0.2
• Forbes @ 2024-08-31 07:30:08 EDT Read More

Summary: Bitcoin Dogs has recorded a significant drop in its price since hitting the public shelves about ten days ago. As at the time ...

• Sentiment: 0.65
• Invezz @ 2024-08-31 07:00:08 EDT Read More

Summary: $15 billion Bitcoin sell-off could be imminent as the U.S. government might sell 203,000 BTC, and 46,000 BTC may be released from the defunct Mt. Gox exchange, potentially increasing market volatility and selling pressure in September.

• Sentiment: 0.0
• coingabbar @ 2024-08-31 05:33:50 EDT Read More

Summary: Bitcoin's highs and approval of spot Bitcoin and Ether ETFs in the U.S. mark significant steps toward mainstream acceptance, influencing election dynamics as Gen Z and Millennials push for crypto-friendly policies, shaping future regulatory environments and market growth.

• Sentiment: 0.42
• Indiatimes @ 2024-08-31 03:08:00 EDT Read More

Summary: Despite a recent dip, expert analysis suggests Bitcoin might be set for a significant rebound. Indicators such as the Rainbow Chart, RSI, and 200-Week Moving Average Heatmap show Bitcoin as undervalued with potential for future growth, presenting a buying opportunity.

• Sentiment: 0.2
• The Currency analytics @ 2024-08-31 08:04:39 EDT Read More

Summary: Bitcoin investors are warned by Matrixport of potential declines in September due to historical trends and various risk factors. Key influences include the US tech sector's outlook, Federal Reserve decisions, and the upcoming presidential debates, all impacting Bitcoin’s price performance.

• Sentiment: -0.3
• BeInCrypto @ 2024-08-31 08:00:00 EDT Read More

Summary: Bitcoin has pulled back from a high of $65,000 to the $58,000-$60,000 range. Spot ETFs, including BlackRock's, have experienced consecutive outflows, signaling potential market uncertainty. Bitcoin remains in a narrow range, awaiting the impact of upcoming U.S. economic data.

• Sentiment: -0.1
• TronWeekly @ 2024-08-31 08:00:00 EDT Read More

Summary: Bitcoin, despite steep drops in August, remains up 40% for the year. Investor sentiment and ETF inflows are crucial for Bitcoin's recovery to $100,000, with Bitcoin halving potentially sparking a bull market by late October.

• Sentiment: 0.1
• [email protected] @ 2024-08-31 09:43:19 EDT Read More

Summary: A crypto expert identified an inverted head and shoulders pattern in the Bitcoin chart, signaling a potential uptrend. This pattern suggests Bitcoin could reach a new all-time high by Q4 2024 and $100,000 by Q1 2025.

• Sentiment: 0.3
• Coinpedia @ 2024-08-31 09:34:50 EDT Read More

Summary: Upcoming selling pressure from Mt. Gox and the US government, holding nearly $15 billion worth of Bitcoin, could significantly impact Bitcoin's market. Analysts suggest historical trends and liquidity concerns may exacerbate price drops, potentially leading to a bearish trend in September.

• Sentiment: -0.4
• The Currency analytics @ 2024-08-31 09:28:03 EDT Read More

Summary: Bitcoin must achieve a higher high above $58,000 to confirm its bullish trend following its recent dip. Experts emphasize the significance of maintaining above $57.7K, while some suggest a fall to the $40,000 range for a stronger bull market entry.

• Sentiment: 0.2
• EconoTimes @ 2024-08-31 10:47:24 EDT Read More

Summary: Bitcoin is currently trading at $58,872.26, facing a decline due to macroeconomic pressures and decreased network activity. Despite recent drops, experts predict a potential rise past $60,000 by the end of 2024 if it maintains support levels and broader adoption improves.

• Sentiment: 0.2
• Coinfomania @ 2024-08-31 10:44:27 EDT Read More

Summary: Bitcoin's liquidity is under strain, with a $33 billion supply overhang predicted due to potential government sell-offs. Holdings by the US, China, the UK, and Ukraine may fuel selling pressure, contributing to recent Bitcoin market volatility and an 8% price decline.

• Sentiment: -0.7
• EconoTimes @ 2024-08-31 10:12:42 EDT Read More

Summary: Bitcoin is trading at $59,189.30 with a recent dip but shows potential for a bullish breakout. A resistance level at $68K is crucial; breaching it could signal a substantial rally. Increased large investor buying and positive technical indicators suggest a possible future surge.

• Sentiment: 0.2
• Analytics Insight @ 2024-08-31 10:07:45 EDT Read More

Summary: Bitcoin’s price fell below $60,000 after briefly surpassing $65,000, with Bloomberg’s McGlone suggesting a bearish outlook. He argues that the Bitcoin-to-S&P 500 ratio shows weakness and indicates potential underpricing, though it might still rally if historical trends hold.

• Sentiment: -0.2
• CryptoPotato @ 2024-08-31 10:05:00 EDT Read More

Summary: Bitcoin's liquidity is under strain due to potential governmental sales of crypto reserves, coupled with a $33 billion supply overhang. This could lead to significant selling pressure from major holders like the US, China, the UK, and Ukraine.

• Sentiment: -0.6
• EconoTimes @ 2024-08-31 10:12:42 EDT Read More

Summary: Bitcoin is experiencing volatility near $60,000, with a falling wedge pattern suggesting potential bullish breakout despite historical bearish trends in September. Analysts anticipate minimal movement before October, with predictions indicating a possible price surge to $101,026 by November 2024.

• Sentiment: 0.02
• CryptoNewsZ @ 2024-08-31 11:57:00 EDT Read More

Summary: If Kamala Harris wins the US presidential election, Bitcoin (BTC) is expected to be the top performer in the crypto market, as economist Alex Krüger predicts BTC will outperform other assets compared to altcoins under a Democratic administration.

• Sentiment: 0.1
• The Daily Hodl @ 2024-08-31 11:57:07 EDT Read More

Summary: The article highlights a tension between traditional cash-based transactions and cryptocurrency, specifically Bitcoin. A carpet cleaner's refusal to accept Bitcoin, despite its rising value to $30K, contrasts with a coder's belief in Bitcoin's future, revealing a generational divide in payment preferences.

• Sentiment: -0.2
• HackerNoon @ 2024-08-31 11:26:07 EDT Read More

Summary: Bitcoin struggles to break the $60,000 mark, with concerns rising over a potential long-term bear market if it remains below the $66,000 "warm supply realized price." Analysts suggest monitoring this metric for future price trends and investor confidence.

• Sentiment: -0.4
• Finbold @ 2024-08-31 11:13:58 EDT Read More

Summary: Bitcoin's recent price dip has triggered concerns among investors as BTC enters bearish territory; it must surpass $65,000 to regain bullish momentum, with hopes pinned on historically strong market performance in October and November.

• Sentiment: 0.1
• NullTX @ 2024-08-31 11:12:21 EDT Read More

Summary: Donald Trump announced a plan to make the US the "crypto capital of the planet," promising to overturn regulations limiting cryptocurrency firms, igniting optimism in the crypto market. Bitcoin (BTC) may see a bullish reversal, according to analysts.

• Sentiment: 0.75
• NullTX @ 2024-08-31 11:06:46 EDT Read More

Summary: Bitcoin's price dropped over 8% in the past week, but key metrics suggest potential bullish momentum. The NVT ratio indicates Bitcoin is undervalued, and strong buying pressure signals from past data might suggest a trend reversal could be imminent.

• Sentiment: 0.2
• AMBCrypto @ 2024-08-31 11:00:54 EDT Read More

Summary: Bitcoin is preparing for a potential surge to $100,000, exceeding its previous all-time high of $73,000, signaling optimism for significant growth in 2024.

• Sentiment: 0.8
• Indiatimes @ 2024-08-31 12:17:00 EDT Read More

Summary: Bitcoin's price has dropped 8.86% over the past week, failing to maintain above $60,000 and struggling to break resistance at $62,000. Technical indicators suggest a potential decline, with BTC possibly falling to $55,000 if bearish trends continue.

• Sentiment: -0.5
• Coinpedia @ 2024-08-31 13:30:00 EDT Read More

Summary: Bitcoin's historical performance in September shows a tendency for negative returns, with an average monthly loss of -4.78% and a median of -5.58%. The "September Effect" remains a concern, but past positive Septembers indicate potential for unexpected gains.

• Sentiment: -0.3
• Finbold @ 2024-08-31 13:14:46 EDT Read More

Summary: The anticipated Federal Reserve rate cut in September 2024 and pro-crypto US presidential candidates are expected to boost Bitcoin's price by increasing market liquidity and institutional interest, potentially leading to significant price movements and a bullish trend for BTC.

• Sentiment: 0.6
• CoinChapter @ 2024-08-31 13:07:11 EDT Read More

Summary: Long-term Bitcoin holders now control over 70% of the total circulating supply, amounting to 14 million BTC. This dominance suggests increased market stability, as long-term holders tend to retain their assets through volatility, contrasting the behavior of short-term traders.

• Sentiment: 0.8
• The Currency analytics @ 2024-08-31 14:48:09 EDT Read More

Summary: A recent study by Block Scholes and Bybit reveals a resilient crypto derivatives market, despite recent market turbulence.

• Sentiment: 0.45
• Bitcoin.com News @ 2024-08-31 15:31:08 EDT Read More

Summary: Bitcoin faces resistance at $60000, raising concerns about a long-term bear market. Stay updated on the latest Bitcoin news and trends at DailyCoin.

• Sentiment: 0.3
• DailyCoin @ 2024-08-31 15:00:08 EDT Read More

Summary: Crypto investors lost $310.94 million in August 2024, dominated by a $238 million BTC phishing scam and a $55 million wallet compromise. The market only recovered $10.3 million, emphasizing digital asset vulnerabilities.

• Sentiment: -0.8
• crypto2community @ 2024-08-31 14:33:46 EDT Read More

Summary: Bitcoin is consolidating between $55,000 and $70,000, with predictions that it could reach $100,000 by late 2024 or 2025. This potential surge could significantly influence altcoin markets, including Shiba Inu, affecting its future value and market dynamics.

• Sentiment: 0.6
• CaptainAltcoin @ 2024-08-31 16:45:00 EDT Read More

Summary: UBS predicts further depreciation of the U.S. dollar due to narrowing interest rate differentials and ongoing U.S. fiscal deficit concerns.

• Sentiment: 0.3
• Bitcoin.com News @ 2024-08-31 16:40:07 EDT Read More

Summary: Samson Mow, CEO of JAN3, claims Bitcoin's price is being artificially held below $100,000 and believes surpassing its all-time high of $73,750 will trigger a demand shock, propelling BTC above $100,000 and eventually to $1,000,000.

• Sentiment: 0.7
• U.Today @ 2024-08-31 16:00:00 EDT Read More

Summary: Bitcoin could reach $87,000 by 2025, as suggested by the Power Law Corridor. However, it must first overcome the $59,600 resistance. A potential breakout is not expected until Q4 2023, with analysts predicting volatility ahead.

• Sentiment: 0.2
• NewsLite @ 2024-08-31 16:07:07 EDT Read More

Summary: Bitcoin shows weakening demand ahead of September, a historically bearish month, as key metrics indicate bearish dominance. Despite potential bullish catalysts like possible U.S. interest rate cuts and positive macroeconomic factors, BTC's price may continue to struggle short-term.

• Sentiment: -0.3
• AMBCrypto @ 2024-08-31 16:00:01 EDT Read More

Summary: Interestingly, bitcoin (BTC) has consistently traded at a premium in South Korea since Oct. 30, 2023, dipping into the negative just once.

• Sentiment: 0.0
• Bitcoin.com News @ 2024-08-31 17:55:06 EDT Read More

Summary: Bitcoin may bottom out if Trump loses the 2024 Presidential election, with Bernstein Research suggesting a significant impact in 2025 due to systemic financial issues regardless of the election outcome.

• Sentiment: 0.2
• ZyCrypto @ 2024-08-31 17:53:10 EDT Read More

Summary: Jamie Coutts predicts Bitcoin could reach $150,000 by the end of 2024, citing historical patterns and current market conditions. However, some analysts, like Alan Santana and CryptoQuant, caution about potential price corrections and market uncertainties.

• Sentiment: 0.12
• ZyCrypto @ 2024-08-31 17:36:37 EDT Read More

Summary: BTC's long-term holder SOPR hit 1, indicating many traders sold at break-even, signaling market caution. Price action within a broadening wedge pattern suggests potential dips to $53k before a possible upturn, with accumulation continuing amidst skepticism.

• Sentiment: 0.2
• AMBCrypto @ 2024-08-31 19:00:34 EDT Read More

Summary: Bitmex co-founder Arthur Hayes is optimistic about bitcoin's future due to recent interest rate cuts by central banks.

• Sentiment: 0.0
• Bitcoin.com News @ 2024-08-31 20:35:07 EDT Read More

Summary: Bitcoin's price in September is predicted to remain under $68,300 amid bearish conditions, but factors like potential Federal Reserve rate cuts and investor accumulation could drive a 22% rise, possibly reaching an all-time high above $73,800.

• Sentiment: -0.2
• BeInCrypto @ 2024-08-31 19:55:00 EDT Read More

Summary: Bitcoin, after hitting an all-time high of $73,800 in March 2024, has since declined to around $60,000. Despite this downturn, historical performance suggests Bitcoin remains "on track," with potential bullish indicators as central banks cut interest rates.

• Sentiment: 0.1
• NewsLite @ 2024-08-31 21:07:06 EDT Read More