Michael Saylor Bitcoin strategy is a ‘betrayal’ of core crypto principles: Craig Wright

Craig Wright, the controversial figure who claims to be Bitcoin’s creator, lashed out at Michael Saylor, co-founder of MicroStrategy, accusing him of distorting the true essence of Bitcoin. Wright’s condemnation comes on the heels of Saylor’s announcing that he wants to turn MicroStrategy into a merchant bank for Bitcoin (BTC). In a blistering critique, posted […]

Bitcoin Layer 2 Sees Major Growth in September, Reveals Footprint Analytics Report

September 2024 brought considerable growth to the blockchain sector, driven by favorable macroeconomic conditions and regulatory advances. Bitcoin’s Layer 2 solutions stood out as the top performers, significantly outpacing Ethereum Layer 2 networks in terms of growth. According to Footprint Analytics, the total value locked (TVL) in Bitcoin Layer 2 surged by 33%, with Core […]

Bitcoin Takes Another Shot at $63.5K as China’s Vague Fiscal Stimulus Deters Capital Shift

BTC revisit Friday’s highs above $63,000, maintaining the positive momentum. China’s highly-anticipated stimulus announcement fell short of expectations, suggesting low probability of continued outflows into China-linked assets. Bitcoin made another push toward establishing a foothold above $63,000 Saturday as China’s highly-anticipated fiscal stimulus announcement fell short of expectations, reducing the likelihood of capital rotation into […]

Bitcoin Price Analysis: The 2 Most Probable Scenarios For BTC in the Short Term

Bitcoin’s price remains in a state of indecision, confined within a tight consolidation range bounded by the 100-day and 200-day moving averages. An impending breakout from this range will likely determine the asset’s short-term direction. Technical Analysis By Shayan The Daily Chart Bitcoin has been stuck in a multi-month consolidation between the $55K-$71K price range […]