Bitcoin News

Bitcoin’s recent momentum appears to be waning after fresh U.S. inflation data and Federal Reserve Chair Jerome Powell’s remarks on the outlook for interest rates.

Bitcoin has recently hit a new all-time high (ATH) of $93,000, following a dramatic surge after Donald Trump’s pro-crypto 2024 presidential win.

The Royal Government of Bhutan has taken a strategic step by transferring part of its Bitcoin holdings to Binance, signaling an intention to capitalize on the recent surge in Bitcoin’s value.

Crypto analyst Benjamin Cowen predicts that Bitcoin (BTC) is poised to outperform altcoins for the remainder of 2024.

Michael Saylor, co-founder and executive chairman of MicroStrategy, has long been a staunch advocate for Bitcoin, and his latest comments suggest he believes the cryptocurrency is on the verge of a major milestone.

BlackRock, the largest asset management firm globally, recently reported a significant investment in the iShares Bitcoin Trust ETF (IBIT), acquiring 2,535,357 shares worth $91.6 million.

Institutional investors are showing growing confidence in Bitcoin and the cryptocurrency market, with many planning to increase their long-term crypto allocations.