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Bitcoin supporters are backing Elon Musk after he called Donald Trump’s new tax-cut and spending bill a road to “debt slavery,” and hinted that he would support bitcoin (BTC) as a US reserve currency. The so-called “One Big Beautiful Bill Act” will reportedly add $2.4 trillion worth of debt to the US’ already $36.2 trillion in liabilities. It will also make $3.75 trillion in tax cuts, and will apparently leave 7.8 million people without access to health insurance thanks to a $1.3 trillion reduction in federal spending. On Wednesday, Musk launched an angry tirade against the bill and the debt it will create, calling it a “disgusting abomination.” He also responded to Coinbase CEO Brian Armstrong with an American flag emoji after Armstrong said BTC would become a US reserve currency if Congress doesn’t reduce the deficit. — Elon Musk (@elonmusk) June 4, 2025 Read more: CHART: Trump’s second term has been better for gold than bitcoin Bitcoiners think ...

Summary ⚈ Bitcoin supply held at a loss has dropped from 25% to 11% in May. ⚈ Over 2.17 million BTC, worth $210 billion, are still held at a loss. ⚈ BTC nears $97,000, with a 3.26% weekly gain and a possible $100K retest soon. Bitcoin (BTC) staged a move past $90,000 on April 22 following significant inflows — most of which came from retail trading. While the leading cryptocurrency has approached $97,000 it has struggled to hold that level despite positive recent price action. In tandem with the increase in price, the proportion of BTC supply currently being held at a loss has shrunk significantly — from nearly 25% in early April to 11% as of May 2, per data from market intelligence platform CryptoQuant analyzed by Finbold. Low levels such as these typically reduce selling pressure and supports bullish sentiment. BTC supply in profit chart. Source: CryptoQuant To be more precise, some 2,174,467 Bitcoins, worth a combined total of roughly $210.33 billion, are...

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Bitcoin crashed nearly 8% on Friday falling to the $80,000 mark for the first time since early January. The broader cryptocurrency market turned red after BTC dipped with leading altcoins plummeting double-digits. BTC hovered around the $90,000 mark in mid-February but failed to hold on to its resistance level. Also Read: De-Dollarization Efforts ‘Won’t Stop’ as Global Giants Defy Trump’s 100% Tariff Threat Source: Coingecko The Bitcoin crash is a gift to investors who want to take entry positions now, said author Robert Kiyosaki, who wrote the best-selling financial self-help book Rich Dad Poor Dad. According to the author, accumulating BTC at every dip and holding on to the long-term is the best way to create phenomenal wealth. Also Read: US Economy: Trump’s Tariff Spree Is Set To Create More Mayhem: Here’s How “Bitcoin crashing. Bitcoin is on sale. I am buying. Why: The problem is not Bitcoin. The problem is our monetary system and our criminal bankers,” he wrote on X. He...

The Bitcoin (BTC) market has been making news for an array of reasons. While investors are worried about the asset’s plummet below $100,000, a few others were diving into the identity of Satoshi Nakamoto. Several rumors suggest that former Twitter CEO Jack Dorsey is the creator of Bitcoin. Amidst this, Bitcoin continued trading below the $100,000 milestone. Despite this, the community remains optimistic about BTC hitting a new peak over the next month. Also Read: U.S. Senate Confirms Bitcoin Advocate Howard Lutnick—What’s Next for Crypto? Can Bitcoin Record A New Peak In February? Source: Watcher Guru The world’s largest cryptocurrency was trading at a high of $102,488 at the start of the month. But Bitcoin dropped to a low of $91,242.89. It should be noted that BTC hit an all-time high of $109,114.88 back in January. The asset has dipped by 12% ever since. At the time of writing, Bitcoin was trading at $95,800.83 following a 0.35% over the past 24 hours. Source: CoinMarketC...

The world’s largest cryptocurrency Bitcoin (BTC) was seen witnessing major volatility during the weekend. The asset has continued to remain below the $100,000 mark and was seen struggling to recover its gains. The latest crash was linked to US President Donald Trump yet again. While this caused chaos in the market, the community is hoping to see the king coin recuperate this week. Also Read: ChatGPT Predicts Shiba Inu (SHIB) Price For February 15 Analyzing the Bitcoin Market Source: Watcher Guru Trump reportedly declared steel and aluminum tariffs, the most recent round in the US trade war that is becoming worse. According to an Associated Press report, Trump declared that a 25% tax would be applied to any steel and aluminum coming into the United States. In addition, he said that the US government will impose reciprocal tariffs on nations that charge import duties on US goods. He added, “If they are charging us 130% and we’re charging them nothing, it’s not going to stay that way...

Bitcoin (BTC) has entered 2025 with high volatility and heightened market attention, with analysts predicting this year could mark the end of its current bull cycle.  According to Cycle Theory, which has accurately forecasted Bitcoin’s tops and bottoms for over a decade, the cryptocurrency is expected to reach its next Cycle Top of $200,000 by November 2025. BTC price: Logarithmic Growth channel and supporting indicators In an Analysis by TradingShot , Bitcoin’s price trajectory is being tracked within the Logarithmic Growth Channel (LGC), a model that has reliably captured Bitcoin’s long-term growth patterns.  Picks for you 2 decentralized exchanges for 2025 as DEX/CEX volume ratio reaches an all-time high 47 mins ago Bitcoin cou...

Bitflow, a decentralized exchange (DEX), and Pontis, a decentralized finance (DeFi) platform, have introduced the first-ever Bitcoin Runes Automated Market Maker (AMM) on Stacks, a Bitcoin (BTC) Layer-2 (L2) scaling solution, as reported to Finbold on Wednesday, December 18.  The launch illustrates new applications of Runes, fungible BTC tokens traditionally known for slow transaction speeds, high fees, and sniping.    As part of the initiative, Bitflow prioritizes security with audits from Coinfabrik and Clarity Alliance and offers a $100,000 Immunefi bounty program to promote community engagement.   Picks for you Economist slams Michael Saylor's MSTR-Bitcoin strategy as a ‘shell game’ 28 mins ago Robert...

The Bitcoin price edged up 1% in the last 24 hours to trade at $99,215 as of 02:42 a.m. EST on trading volume that surged 12% to $113.7 billion. This comes after Bitcoin hit a new all-time high of $99,486, with technical indicators showing a possible continuation of the rally to cross the $100,000 mark. Despite the rally, MicroStrategy Inc shares (MSTR) tumbled 15% to $397 after Citron Research said that it’s betting against the software company because it is overvalued. Bitcoin Price To Sustain Its Current Upward Trend The Bitcoin price has been on a sustained uptrend, with higher lows and higher highs resembling the climbing of a mountain. According to data from GeckoTerminal , the support levels around $60,000 and $70,000 have allowed the price of Bitcoin to trend within the rising channel pattern. BTC now trades well above the 50-day and 200-day Simple Moving Averages (SMAs), supporting the bullish outlook of the price. The 50-day SMA crossed above the 200-day SMA around ...

The financial markets are watching Gold, Bitcoin, and US dollar movements closely before the November 5 presidential election. October’s employment report showed only 12,000 new jobs instead of the expected 106,000, and the unemployment rate stayed at 4.1%. These mixed signals have caused sharp price movements across key assets. Also Read: 750 Convenience Stores in the US Accept Cryptocurrencies & Stablecoins Market Volatility During Election Week: Gold, Bitcoin, and USD Insights Gold Technical Patterns Signal Correction Gold has hit resistance at $2,790. Technical signs show a likely price correction coming. Gold moves inside an ascending channel. The support level sits at $2,690. The price pulled back from high levels after Friday’s jobs report. RSI readings suggest the metal is oversold. The channel pattern remains strong, indicating a key time for watching the gold trends. Also Read: How High Bitcoin(BTC) May Pump If Trump Wins The US Elections? Bitcoin’s Price Act...