Bitcoin News
Day 4 of Kleiman v. Wright: Craig Wright’s Testimony Delayed
The self-styled “Satoshi” will likely take the stand on Monday.
Profit Taking Since July Remains Lower Than During BTC’s Rally From January to May
New data on bitcoin’s adjusted spent output profit ratio (aSOPR), which measures the profitability of spent bitcoin while filtering out short-term trading, reveals profit taking since July has remained significantly lower than during BTC’s rally from January to May. Some suggest this signals holders may believe in the continuation of a longer-term bull cycle.
Market Wrap: Analysts See Further Upside in Ether as Bitcoin Stalls
BTC’s price has been roughly flat over the past week, compared with a 4% rise in ETH and a 23% rise in Solana’s SOL token over the same period.
Kleiman v. Wright: Bitcoin’s Trial of the Century With $66B Worth of BTC at Stake
The civil trial Ira Kleiman vs. Craig Wright kicked off in Miami Monday that may provide insight into some of Craig Wright’s claims that he is Satoshi Nakamoto, the inventor of Bitcoin. "The Hash" panel discuss the latest in bitcoin's trial of the century with $66 billion worth of BTC at stake.
Ethereum Alternatives and Gaming Tokens Outperform BTC and ETH
Bitcoin and ether were little changed over the past 24 hours. Yet, digital currencies associated with Solana and Polkadot, both alternatives to the Ethereum blockchain, were outperforming along with gaming tokens like Axie Infinity’s AXS. "The Hash" team discusses the rise of altcoins and wider crypto markets outlook.
Will Bitcoin Win When the Fed Stops Buying Bonds?
The cryptocurrency has been viewed as a hedge against inflation.
Jefferies’ Wood Urges Banks to Embrace Blockchain, Add More Bitcoin Exposure
The Jefferies strategist is “fundamentally bullish” on crypto and added another 5% exposure to his current bitcoin allocation recommendation.
Bitcoin Rangebound, Support Between $58K-$60K Could Stabilize Pullback
Downside appears limited into Asian trading hours.
