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1Bitcoiner.com
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24 Aug 24 - 📈 Bitcoin surged past $64K after Fed Chair Powell hinted at lower interest rates in his speech. BTC jumped 5% as demand hit a 39-day high. Powell’s comments, coupled with RFK Jr.'s support for Trump, are driving optimism in the crypto market.

23 Aug 24 - 🚀 Bitcoin is surging as traders bet on the Fed's victory over inflation, despite concerns over the U.S. $35 trillion debt. The price soared from $40K to $70K before stabilizing at $60K. Eyes are on China’s potential fiscal boost and the Fed's upcoming rate cut.

23 Aug 24 - 🚨 Bitcoin miners' reserves hit a 2-year high, sparking concerns of a possible sell-off and price drop. Historical data shows similar surges led to major declines. With rising costs and potential losses, miners may offload BTC, increasing market pressure.

22 Aug 24 - 💰 Bitcoin mining could yield $74B, says JPMorgan. With 1.3M BTC left to mine, the bank slashes price targets for miners like CleanSpark and Riot due to Q2 results and BTC price changes. Yet, it sees a $37B opportunity over 4 years, marking a key buying chance.

22 Aug 24 - 🔔 Pro-Bitcoin RFK Jr. has filed to withdraw from the 2024 presidential race in Arizona. Despite submitting over 118,000 signatures, he’s stepping back just before a key address. His independent bid, focused on reform and Bitcoin, now ends abruptly.

22 Aug 24 - 📊 Bitcoin surged to $61,250, up nearly 3% in 24 hours, amid reports that Robert Kennedy Jr. might drop out of the U.S. presidential race and endorse Trump, a pro-crypto candidate. Polymarket bettors see a 94% chance of this happening.

22 Aug 24 - 📈 Michael Saylor claims "Bitcoin is going up forever," sparking speculation of a 2024 bull run. With 60% of top U.S. hedge funds now exposed to BTC, institutional demand is driving prices up. Key technical indicators and Tether's activity suggest bullish momentum ahead.

21 Aug 24 - 📊 Bitcoin OTC desk balances have surged in 2024, adding 60,000 BTC in 30 days, now totaling 370,000 BTC. This mirrors 2021’s trend of distribution during high prices, which led to a 2022 correction. Current trends may signal upcoming price volatility.

21 Aug 24 - 📈 Metaplanet’s stock jumped 12% after the firm completed a 500M yen ($3.4M) Bitcoin purchase, boosting its total BTC holdings to 360.368. As Japan's yen weakens, more investors turn to Bitcoin as a hedge, mirroring strategies like MicroStrategy’s.

20 Aug 24 - 🚀 Bitcoin soared from $58K to over $61K, hitting a weekly high before retracing slightly. After dropping to $56K last week, BTC rebounded over the weekend. Despite a brief dip Monday, it surged past $61K Tuesday, currently up 3.5% on the day.

20 Aug 24 - 📊 Bitcoin ETFs saw a net inflow of $62.1M, the highest since Aug. 8. BlackRock's IBIT led with $92.7M, boosting its total to $20.48B. Fidelity added $3.9M. Meanwhile, Bitwise’s BITB and Galaxy Invesco’s BTCO faced outflows of $25.7M and $8.8M.

19 Aug 24 - 📉 Michael Saylor calls Bitcoin's current 20% dip a "sale," suggesting it's a buying opportunity. BTC, down from its $73,679 peak to $58,625, may rebound soon. Saylor, a Bitcoin advocate, sees this as a temporary drop before a potential surge.

19 Aug 24 - 🗳️ Bernstein Research suggests Bitcoin (BTC) could bottom out if Donald Trump wins the upcoming U.S. election. They believe a Trump victory might trigger a crypto market rally, while current price fluctuations reflect uncertainty surrounding the election outcome.

19 Aug 24 - 🔍 Crypto analyst Benjamin Cowen notes Bitcoin's struggle to stay above its bull market support band ($61K-$63.5K). Drawing parallels to 2019, he highlights lower highs/lows and the recent "death cross." Bitcoin dominance must hit 60% (now 55.9%) to break the trend.

19 Aug 24 - ⚡ Seven arrested in Malaysia for Bitcoin mining linked to electricity theft. Police seized 52 rigs worth RM250,000 ($57K). The suspects, including 4 foreigners, had no prior records. Malaysia faces RM3.4B ($723M) in losses due to power theft since 2018.

19 Aug 24 - 📉 Bitcoin dropped 3% in the last 24 hours, now at $58,382, amid a 38% spike in trading volume to $19B. Traders focus on the Jackson Hole Fed meeting, betting on a 72% chance of a 25 bps rate cut in September as inflation nears the Fed's 2% target.

18 Aug 24 - 🇳🇴 Norway’s sovereign wealth fund boosted its Bitcoin exposure in H1 2024, investing $217M in MicroStrategy and increasing stakes in Marathon Digital, Coinbase, and Block Inc. While the fund now holds about 2,446 BTC, Norway remains cautious on direct Bitcoin investment.

18 Aug 24 - To infinity & beyond. The idea of Bitcoin reaching infinite value in USD is implausible but thought-provoking. It could only happen through extreme USD hyperinflation or Bitcoin becoming the global reserve currency. However, such scenarios are highly unlikely due to economic adaptations.

18 Aug 24 - 📉 Bitcoin's 2024 price mirrors past halving years with potential Q4 surges, but risks loom. Bearish signals include Binance’s negative funding rates and whale activity withdrawing 4,046 BTC. Bitcoin’s drop below $61,500 hints at rising sell pressure.

17 Aug 24 - 📉 In 2024, Bitcoin miners have sharply reduced transfers to exchanges, continuing a decade-long trend. The drop, starting in 2018, suggests miners are holding onto their BTC, indicating greater financial stability and confidence in Bitcoin's long-term value.