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Bitcoin may hit $110K as Strategy absorbs nearly 3x new BTC supply

Bitcoin's price could reach $110,000 as the Strategy absorbs nearly three times the new BTC supply entering the market. This increase in demand is driven by institutional investments and a growing interest in Bitcoin as a hedge against inflation. The current market dynamics suggest that the limited supply of Bitcoin, combined with rising institutional adoption, could significantly elevate its price. Analysts are closely monitoring these trends, indicating a bullish outlook for Bitcoin in the near future.

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Americans distrust crypto, AI as industry super PACs flood midterms, poll finds

A recent poll reveals that a significant portion of Americans harbor distrust towards cryptocurrencies and artificial intelligence, particularly as industry super PACs increase their influence in the midterm elections. Only 18% of respondents expressed confidence in cryptocurrencies, while 20% felt the same about AI technologies. The survey highlights concerns over

Here’s what happened in crypto today

On October 3, 2023, Bitcoin experienced a significant price surge, reaching a peak of $35,000, driven by increased institutional interest and positive market sentiment. Ethereum also saw gains, climbing to $2,200, as developers announced upgrades aimed at improving scalability. Meanwhile, regulatory discussions in the U.S. continued to

Bitcoin preps highest weekly close since January as BTC price nears $79K

Bitcoin is on track for its highest weekly close since January, with its price approaching $79,000. The cryptocurrency has seen significant upward momentum, driven by increased institutional interest and positive market sentiment. Analysts suggest that if Bitcoin maintains this trajectory, it could break through previous resistance levels. The growing

Americans still prefer banks over crypto for financial access, CoinDesk's survey shows

A recent CoinDesk survey reveals that a majority of Americans still prefer traditional banks over cryptocurrencies for financial access. Approximately 60% of respondents indicated they trust banks more than crypto platforms for managing their finances. The survey also highlighted concerns about the security and volatility of cryptocurrencies, which contribute to

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Americans distrust crypto, AI as industry super PACs flood midterms, poll finds

Here’s what happened in crypto today

Bitcoin preps highest weekly close since January as BTC price nears $79K

Americans still prefer banks over crypto for financial access, CoinDesk's survey shows