Bitcoin's hash rate has surged to an unprecedented level. This metric, which measures the computational power dedicated to securing the Bitcoin network, has reached a new all-time high.

This milestone indicates that more miners are joining the network, enhancing its security and resilience against potential attacks.

Digital asset investment products saw outflows totalling $305m last week, with widespread negative sentiment evident across various providers and regions.

The negative sentiment was focussed on Bitcoin, seeing $319m in outflows.

Crypto Fear and Greed index has dropped to 22.

The crypto market is full of fear.

People are overlooking the fact that:

- Q4 (typically bullish) is just around the corner
- M2 money supply is rising
- Rate cuts are on the horizon
- The US elections are just 60 days away.

September bullish

🇺🇸 JUST IN: US inflation falls to 2.5%, lower than expectations.

On September 10, U.S. spot Bitcoin ETFs saw +$117m net flows

The 30-day correlation between BTC and the S&P 500 has surged to levels not seen since Oct 2022.

This regime may last until the Sep 18 FOMC, as traders remain conservative upon the rate cut confirmation.

BIG BREAKING 🚨

CZ BINANCE IS BACK .

Options volumes have increased over the past few weeks as markets shift to a risk-on mindset

It's been 1051 days since the global crypto market cap peaked on November 15, 2021.

The longest-ever crypto market cap drawdown lasted for 1,106 days from Dec 15, 2013, to Dec 25, while past cycles drawdown lasted for 1096 days from Jan 7, 2018, to Jan 7, 2021.

BREAKING: 🇯🇵 Metaplanet has purchased an additional 106.976 bitcoin for ¥1 billion at an average price of ¥9,347,891 per $BTC 🔥

As of October 15, Metaplanet holds ~855.478 bitcoin acquired for ¥7.965 billion at an average price of ¥9,310,061 per $BTC.

JUST IN: Tesla reveals none of their $763,120,000 Bitcoin was sold in Q3 2024.

📰 Full Story

#Bitcoin Spot ETF holdings are at the highest level in six months.

$71,000 #bitcoin

$100,000 #bitcoin

Correlation of crypto to US stocks has come down since elections

Crypto will have its own space soon

Excluding 2025, all Bitcoin yearly exchange outflow cost bases since 2020 were below price, suggesting strong support below.

From 2020 to 2024, Bitcoin’s cost basis fluctuated within a range of $36,280 and $69,494, suggesting healthy unrealized profits and low incentive for the market to panic further at this stage.

GameStop $GME to raise $1.3 billion to buy #Bitcoin