Global #Bitcoin

In his latest essay titled "Group of Fools," Arthur Hayes, co-founder of BitMEX, provides a critical analysis of recent macroeconomic events and their potential impact on the cryptocurrency market. Known for his direct style, Hayes combines technical analysis, criticism of central banking practices, and insights into currency markets to make the case for a resurgence of bullish sentiment in Bitcoin and crypto.

The surge in the United States' money supply, nearing $100 trillion, is expected to positively impact the price of Bitcoin, currently trading at $71,000.

Bitcoin advocate Max Keiser has once again emphasized his belief in Bitcoin's superiority over Ethereum, forecasting a bleak outlook for the latter cryptocurrency. On a social media platform, Keiser reiterated his longstanding argument that Ethereum, along with other alternative coins, pales in comparison to Bitcoin due to fundamental disparities in their technologies and legal categorizations.

Renowned investor and author Robert Kiyosaki has reiterated his warning about an impending financial crisis in the United States and globally. He has predicted that Bitcoin (BTC), one of his favored assets for protecting against economic downturns, could surge to $350,000 by late August 2024.

Mantle (MNT) is currently trading at around $1.04, experiencing a 6% increase in the last 24 hours in tandem with Bitcoin's surge above $71,000. The cryptocurrency's daily trading volume has risen by 110% to over $130 million during this period, making it one of the top performers among the top 100 coins by market cap.

Data recorded on the blockchain indicates that large holders of Bitcoin, known as whales, currently possess more than 40% of the total Bitcoin supply, showcasing their ongoing trend of accumulating more coins.

Bitcoin (BTC) has seen a decrease in its ticker value, now at $70,754. Riot Platforms, a prominent miner, produced 215 BTC in May, marking a 43% decrease compared to the previous month.

DMM Bitcoin, a Japanese cryptocurrency exchange, has unveiled a fundraising initiative totaling 50 billion yen ($321 million). The objective is to acquire Bitcoin for compensating customers impacted by a recent security breach.

On Tuesday, Bitcoin surged to $71,200, nearing its all-time high of $73,700 set in March, as per TradingView data. This rally coincided with significant investments in US spot Bitcoin exchange-traded funds (ETFs).

StarkWare has unveiled ambitious plans to revolutionize Bitcoin's usability using zero-knowledge (ZK) technology, along with a substantial $1 million research fund. The initiative aims to enhance both Bitcoin and Ethereum by leveraging Scalable Transparent Argument of Knowledge (STARK) cryptography.

The University of Austin is making waves by embracing Bitcoin as a payment option, with plans to create a $5 million Bitcoin fund through donations.

A recent YouTube video delves into the journey and goals of Charles Hoskinson, one of Ethereum's co-founders who later created Cardano to overcome the limitations of existing blockchain systems.