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The latest US initial jobless claims data came at 215,000, below the estimated expectation of 225,000, on April 17. The dip in jobless claims indicated that the US labor market remained stable, with fewer people being affected by the uncertainty of US tariffs. Initial jobless claims are a leading economic indicator that measures the health…

Binance CEO Richard Teng revealed that the exchange has engaged with multiple governments and sovereign wealth funds regarding crypto. The discussions have centered around cryptocurrency regulations and strategic Bitcoin reserves. Teng shared that these discussions stem from the US government’s advancement in crypto regulations and initiatives, such as the creation of its Bitcoin reserve. Binance…

Jurrien Timmer, director of global macro at Fidelity, has stated that Bitcoin is acting like Dr Jekyll and Mr Hyde, the central characters of the famous gothic horror novella written by Scottish novelist Robert Louis Stevenson.  The highly creative metaphor was used by Timmer to convey his point about the dual nature of Bitcoin. The…

The latest US initial jobless claims data came at 215,000, below the estimated expectation of 225,000, on April 17. The dip in jobless claims indicated that the US labor market remained stable, with fewer people being affected by the uncertainty of US tariffs. Initial jobless claims are a leading economic indicator that measures the health…

A new study predicts that Bitcoin could hit $1 million as early as 2027 as a result of daily withdrawals from liquid supply exceeding 1,000 BTC. The model is based on economic fundamentals and describes a setting whereby institutional accumulation is increasing and supply is contracting quickly—driving prices at an increasingly rapid rate. Published in…

Just when we thought the GTA 6 rumor machine couldn’t go any harder, here comes the internet with another banger: cryptocurrency in Grand Theft Auto. That’s right, players are now convinced they might get rewarded in Bitcoin-style crypto while causing mayhem in Vice City. And honestly, it sounds so wild it almost fits the GTA…

Bitcoin (BTC) was treading water just below $85,000 late Thursday as tensions between U.S. President Donald Trump and Federal Reserve Chair Jerome Powell added another layer of uncertainty for investors. Markets dipped on Wednesday after hawkish comments from Powell, who criticized Trump’s tariffs policy, saying that it would likely result in a slowing economy and…

Key points:  Monetary stimulus in China and Europe increases investors’ focus on Bitcoin price. The US Federal Reserve is under political pressure to cut rates, as the DXY weakens. Bitcoin’s decoupling from traditional markets continues to gain attention.  Bitcoin (BTC) traders are somewhat puzzled by BTC price jumping to $85,000, especially since the S&P 500…

Bitcoin exchange-traded funds eked out positive inflows last month. BlackRock’s IBIT is in the top 1% of all ETFs year-to-date. It’s “impressive and helps explain why Bitcoin’s price has been so stable,” said Bloomberg ETF expert, Eric Balchunas. Wall Street is doing what nobody thought possible: stabilise Bitcoin’s price — by crypto standards, at least.…

What’s going on here? Bitcoin made headlines by soaring past $84,000, peaking at $84,711, even as trading volumes dipped significantly. What does this mean? Despite trading volumes dropping 23% to $22.6 billion, bitcoin’s price managed a 0.5% rise, signaling ongoing investor interest. The broader crypto market mirrored this trend, with the CoinDesk Market Index rising…