Bitcoin News / @BitcoinNewsCom:
BITCOIN EXPERIENCES WORST MONTH SINCE JUNE 2022
Bitcoin fell 33% in June, its worst monthly performance since June 2022, closing below $60,000 and beneath its 50-month moving average for the first time in over two years.
The monthly MACD is now at its most negative level since 2022, while Bitcoin has fallen to a 27-month low, suggesting the market may be entering a capitulation phase.
Despite the weakness in Bitcoin, macro conditions have improved:
- ISM PMI rose to 54, a 4-year high.
- O...
BITCOIN EXPERIENCES WORST MONTH SINCE JUNE 2022
Bitcoin fell 33% in June, its worst monthly performance since June 2022, closing below $60,000 and beneath its 50-month moving average for the first time in over two years.
The monthly MACD is now at its most negative level since 2022, while Bitcoin has fallen to a 27-month low, suggesting the market may be entering a capitulation phase.
Despite the weakness in Bitcoin, macro conditions have improved:
- ISM PMI rose to 54, a 4-year high.
- O...
Bitcoin News / @BitcoinNewsCom:
CITI CUTS BITCOIN PRICE TARGET TO $82K, CALLS FOR ZERO ETF INFLOW FOR 12 MONTHS
Citi lowered its 12-month base-case Bitcoin price target to $82,000, assuming no net U.S. spot Bitcoin ETF inflows over the next year.
The bank said its previous outlook relied heavily on continued ETF adoption from traditional investors and financial advisors. Instead, weak sentiment, stalled crypto legislation, and a reversal in ETF flows this year have undermined that thesis.
Citi noted the average U.S. spot...
CITI CUTS BITCOIN PRICE TARGET TO $82K, CALLS FOR ZERO ETF INFLOW FOR 12 MONTHS
Citi lowered its 12-month base-case Bitcoin price target to $82,000, assuming no net U.S. spot Bitcoin ETF inflows over the next year.
The bank said its previous outlook relied heavily on continued ETF adoption from traditional investors and financial advisors. Instead, weak sentiment, stalled crypto legislation, and a reversal in ETF flows this year have undermined that thesis.
Citi noted the average U.S. spot...
Bitcoin News / @BitcoinNewsCom:
NEW PARTY STEPS FORWARD TO CHALLENGE ‘NOAH DOE’ IN SATOSHI BITCOIN OWNERSHIP CASE
A new respondent has formally entered the New York lawsuit over Bitcoin attributed to Satoshi Nakamoto, moving beyond an amicus brief to become a party in the case.
The filing does not explicitly claim ownership of Satoshi’s coins. However, by appearing as a respondent, the individual signals they believe they have a legal interest in the dispute over title.
The respondent, identified as “John Doe 33,” also a...
NEW PARTY STEPS FORWARD TO CHALLENGE ‘NOAH DOE’ IN SATOSHI BITCOIN OWNERSHIP CASE
A new respondent has formally entered the New York lawsuit over Bitcoin attributed to Satoshi Nakamoto, moving beyond an amicus brief to become a party in the case.
The filing does not explicitly claim ownership of Satoshi’s coins. However, by appearing as a respondent, the individual signals they believe they have a legal interest in the dispute over title.
The respondent, identified as “John Doe 33,” also a...
Africa Bitcoin News:
Lightning Labs Ships Taproot Assets v0.8 and a New SDK as USDT Goes Live on Bitcoin’s Lightning Network
Lightning Labs Ships Taproot Assets v0.8 and a New SDK as USDT Goes Live on Bitcoin’s Lightning Network
Africa Bitcoin News
Lightning Labs Ships Taproot Assets v0.8 and a New SDK as USDT Goes Live on Bitcoin's Lightning Network
Lightning Labs has released Taproot Assets v0.8 alongside the first public release of the Taproot Assets SDK, a client library designed to make building stablecoin applications on Bitcoin significantly easier. USDT is now live on Lightning via Taproot Assets.