Bitcoin has demonstrated a strong bullish trajectory, maintaining an upward momentum for four consecutive days. What’s driving the market?
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“Mr. 100” continued to purchase significant amounts of Bitcoin even as BTC soared above $63,000, including a notable acquisition of 400 BTC valued at around $25 million made on July 15, suggesting an end to the current retracement.
Bitcoin rebounds close to $63,000, influenced by the end of Germany’s Bitcoin selloff, and a surge in market enthusiasm after an assassination attempt on former U.S. President Donald Trump.
Lombard aims to develop a Bitcoin restaking ecosystem in collaboration with Babylon, potentially redefining the utility of Bitcoin within the web3 space.
Kadan Stadelmann, Komodo Platform’s CTO, examines Bitcoin’s potential as a decentralized, stable alternative in combating economic control and preserving financial sovereignty amidst global financial turbulence.
The London-based trading desk will soon commence operations and will integrate with the bank’s existing foreign exchange (FX) trading unit.
Despite the recent downturn, many investors and analysts remain optimistic about Bitcoin’s long-term potential.
On Wednesday, the Federal Reserve decided to keep its main interest rate the same and indicated that it anticipates making just one rate cut before the year ends.
The Federal Reserve left the benchmark rate unchanged at 5. 25%-5. 50%, with a single rate cut of 25 basis points expected this year.
LRCSwap empowers users to take control of their Bitcoin experience by offering a user-friendly platform for issuing, transferring, and swapping tokens on Bitcoin.