Bitcoin News

Bitcoin has recently rebounded above $68,000 after finding solid support at $65,500, coinciding with a surge in whale holdings that have reached an all-time high.

This December, Microsoft shareholders are set to vote on whether the company should diversify part of its assets into Bitcoin, an idea championed by the National Center for Public Policy Research (NCPPR).

According to IntoTheBlock, Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Shiba Inu (SHIB) have emerged as the cryptocurrencies with the longest average holding periods, a sign of strong investor confidence.

Bitcoin remains on an upward trajectory despite its recent price fluctuations, although some analysts believe that the cryptocurrency may have reached a temporary high, especially with the upcoming U.S. elections in focus.

Bitcoin’s price is closely tied to the US election results, with predictions indicating that a Donald Trump victory could drive it to around $90,000, while a win for Kamala Harris might see it drop to $40,000.

A prominent crypto expert is signaling that Bitcoin (BTC) might experience a decline following its rise to the $69,000 mark on Sunday.

Michael Saylor, founder of MicroStrategy and a well-known Bitcoin advocate, recently reaffirmed his support for self-custody amid criticism of his previous endorsement of regulated custody options.