Bitcoin | Crypto

Bitcoin briefly topped $109,000, while XRP, Solana's SOL, and dogecoin saw notable gains.

Bitcoin and Solana are in for astronomical upside if they both complete a cup and handle breakout pattern, monthly chart analysis concludes. Key points: Bitcoin and Solana can reach parabolic new highs if both crypto tokens successfully complete a cup and handle pattern, according to analysis. BTC price and SOL price targets are $230,000 and $4,390, respectively. Read more

Arkham says the massive Bitcoin whale transfer might be due to a wallet upgrade, but others in the industry have their own theories. Blockchain intelligence firm Arkham says the recent $8.6 billion in Bitcoin that was moved on Thursday for the first time in over 14 years doesn’t appear to be heading for a sell-off. “There are no indications that this whale is selling Bitcoin,” Arkham said in an X post on Friday. Arkham added that the eight transfers — which moved 10,000 Bitcoin (BTC) at a time from eight wallets that were untouched for over 14 years — may be possibly due to the owner upgrading from the original legacy wallet to a Native SegWit address, which is said to have improved security and lower fees. “Yesterday’s $8 billion transfers were possibly related to address upgrades, moving from 1-addresses to bc1q-addresses,” Arkham said. Read more

Conor Grogan, Head of Product at Coinbase, believes that there is a “small possibility” that the transfer of $8.6 billion worth of Bitcoin (BTC) on July 4 was a hack. Calling his claim “extreme speculation” in an X post on Friday, Grogan said he found the transaction movements to be “extremely odd.” He added: “If […] The post Suspicion surrounds mysterious $8.6 billion Bitcoin move appeared first on CryptoSlate.

References to Bitcoin in songs, movies, and televised media indicate that the digital asset is breaking into mainstream popular culture. Musical artist Drake made a lyrical reference to Bitcoin (BTC) in a new song released on Saturday titled "What Did I Miss?" The hip-hop artist previously wagered $1 million in BTC on the outcome of the 2022 Super Bowl, the championship American football game, between the Cincinnati Bengals and the Los Angeles Rams. Drake's reference to Bitcoin, and the hallmark volatility of the supply-capped asset, appears in the first verse of the song: Read more

The following is a guest post and opinion of Jeff Garzik, Co-founder of Hemi Labs. Ever since Bitcoin stopped being the one and only crypto, a group of its stalwart devotees emerged called “Bitcoin maximalists,” arguing that BTC is the only “true” digital asset. As the crypto industry moves toward all-pervading decentralized finance (DeFi) interoperability, […] The post DeFi Is outpacing Bitcoin’s maximalist mindset appeared first on CryptoSlate.

When mining got tough, these firms chased AI dreams. Here’s how it panned out. Bitcoin miners turned to the rising AI trend ahead of the 2024 halving, which cut block rewards to 3.125 Bitcoin (BTC). Some just dipped their toes in, while others dove deeper, repurposing rigs, raising credit and signing billion-dollar deals. But how’s that spinoff working out in reality? In some instances, the move has been a lifeline that generates much-needed revenue as their Bitcoin earnings dropped. For others, it’s more of a safety net that can cushion future halving shocks. Read more

The Coinbase executive says he is “speculating on straws,” but if it is true, it would be “by far the largest heist in human history.” Conor Grogan, Coinbase’s head of product, says there’s a slight chance the $8.6 billion worth of Bitcoin moved on Thursday — from eight wallets that had held the Bitcoin for over 14 years — was caused by a hack, and if so, it could be the largest robbery ever. “If true (again, I’m speculating on straws here), this would be by far the largest heist in human history,” Grogan said in an X post on Friday, after raising the slim chance that the $8.6 billion worth of Bitcoin (BTC) moved from eight separate wallets was the work of bad actors. “There is a small possibility that the $8B in BTC that recently woke up were hacked or compromised private keys,” Grogan said, pointing out a suspicious Bitcoin Cash (BCH) transaction made before the significant transfers on Thursday involving 10,000 Bitcoin at a time. Read more

Crypto analyst James Check says the Bitcoin treasury strategy is getting to a point where new entrants will find it hard to gain momentum “without a serious niche.” A crypto analyst says the Bitcoin treasury strategy may not have the longevity many expect, warning that the easy upside may already be behind new companies entering the space. “My instinct is the Bitcoin treasury strategy has a far shorter lifespan than most expect,” Glassnode lead analyst James Check said in an X post on Friday. “For many new entrants, it could already be over,” Check said, adding that it’s not “about a measuring contest” but rather how sustainable a company’s product and strategy are when it comes to long-term Bitcoin (BTC) accumulation. Read more

Bitcoin's pullback reflects the market’s anxiety about the US economy and dormant BTC wallets shifting billions worth of BTC. Key takeaways: Despite $1 billion in spot BTC ETF inflows, Bitcoin fell 2.8% as the market digested a multibillion-dollar 2011-era wallet transfer. US import tariffs and fiscal deficits are likely weighing on Bitcoin investor sentiment. Read more

Bitcoin sold off near the $110,000 ceiling, but the price reset could give BNB, SOL, LINK and AAVE a chance to rally. Key point: Bitcoin’s bounce off the moving averages may improve sentiment, pushing BNB, SOL, LINK and AAVE above their overhead resistance levels. Bitcoin’s (BTC) failure to close above $110,000 may have attracted profit-booking by short-term traders. That has pulled the price near $108,000. Crypto analyst Daan Crypto Trades said in a post on X that a close above $110,000 would be good for Bitcoin, but a drop below $108,000 could deepen the correction. Read more

Onchain data shows that retail investors are not buying Bitcoin, but analysts say they’ve shifted into buying the spot ETFs. Key takeaways: Onchain metrics suggest retail investors are asleep, but the ETFs’ AUM is growing Retail investors hold the majority of spot Bitcoin ETF shares — either directly or indirectly through investment advisers and hedge funds acting on their behalf. Read more

Mexican billionaire Ricardo Salinas has renewed his warning about the global fiat money system, urging ordinary people to sell their homes, buy Bitcoin (BTC) and gold, and brace for what he calls the collapse of fiat currencies. Speaking on Robert Breedlove’s “What is Money?” podcast, Salinas said real estate is no match for Bitcoin’s scarcity […] The post Mexican billionaire says sell your home, buy Bitcoin as fiat nears collapse appeared first on CryptoSlate.

While it’s not built for real-time calls, ChatGPT can still support smarter Bitcoin trading decisions when paired with the right data and well-crafted prompts. ChatGPT is a generative AI model developed by OpenAI, built on the GPT‑4 architecture. It’s designed to generate human-like responses across a wide range of topics, using knowledge drawn from an enormous training set of text, books, code and online content. When it comes to cryptocurrency, ChatGPT doesn’t have real-time access to Bitcoin (BTC) price feeds or live market charts, but that doesn’t mean it’s useless for traders. With the right inputs — historical price data, sentiment indicators and technical metrics — ChatGPT becomes a powerful analytical tool.  Read more

Bitcoin is the subject of rumors as wallets holding 80,000 BTC suddenly reactivate after a 14-year hiatus. Key points: Bitcoin price losses near 2% on the day as 14-year-old coins suddenly move onchain. Explanations include an unsubstantiated claim linking the BTC wallets involved to creator Satoshi Nakamoto. Read more

While the broader crypto market remains subdued, with both Bitcoin and Ethereum posting slight losses, a select group of altcoins have defied the trend, registering substantial gains over the last 24 hours. These market-defying rallies appear disconnected from general market sentiment, instead fueled by project-specific catalysts, including major exchange listings, deflationary tokenomics, and strategic partnerships. […] The post Why a handful of altcoins are surging over 30% as Bitcoin trends sideways appeared first on CryptoSlate.

Congress passed the Big Beautiful Bill, Trump’s budget proposal, which could benefit Bitcoin, analysts say. On July 3, the US Congress passed into law the One Big Beautiful Bill Act. President Donald Trump’s bill offers little to the crypto industry, but it could benefit Bitcoin all the same. Trump’s budget proposal passed in the late hours of July 3 entirely along partisan lines; only two Republicans voted against the controversial bill, which will significantly increase the US government’s borrowing ability. It has drawn significant criticism from Democrats and even from current and former Trump allies like Tesla CEO Elon Musk.  Notably absent from the bill were proposed amendments to the cryptocurrency tax code. As the bill worked through the Senate, lawmakers attempted to tack on a number of provisions regarding crypto, but to no avail. Read more

Bitcoin whales awoke after 14 years of dormancy, having held their BTC since it was trading below $0.78 a coin in 2011. Bitcoin whales have reawakened after 14 years of patiently holding the world’s first and largest cryptocurrency, transferring billions of dollars in value. A Bitcoin wallet “12tLs” transferred 10,000 Bitcoin (BTC) worth over $1 billion after 14 years of holding the assets on Thursday. The mysterious whale initially received the 10,000 BTC on April 3, 2011, when Bitcoin traded for about $0.78 a coin, according to blockchain data shared by Lookonchain in a Friday X post. Read more

Bitcoin price rally stalls at $110,000 after strong US employment data, with big overhead resistance at $112,000 and several key support levels below. Key takeaways: Bitcoin’s multiple rejections from $110,000 signal the bulls’ inability to sustain higher prices. BTC price may drop as low as $105,000 in the short term if key levels are lost. Read more

Bitcoin has historically posted double-digit gains in the weeks following the passage of major US debt-expanding bills. Will 2025 follow the same pattern? Key points: Bitcoin gained 38% when US President Trump signed a major spending bill in late 2020. Doing so again would put BTC/USD at $150,000 as Trump prepares to sign his “Big Beautiful Bill” into law. Read more