Build on Bitcoin raised $21 million to unlock native BTC DeFi with a new bridge, hybrid layer-2 infrastructure and institutional investor backing.
Paying rent in Bitcoin is easy, secure and gaining popularity among tenants. Many cities globally now have tech infrastructure to facilitate Bitcoin payments.
Crypto analysts echoed the positive sentiment around Bitcoin, with some speculating it could jump to $125,000 in the near term.
The Bitcoin market is in a “relatively balanced position” despite a recent price pullback from all-time highs, Glassnode said.
Shares in IREN closed trading on Wednesday up 11.4% after it reported mining more Bitcoin than MARA Holdings in July.
Bitcoin benefits from a weaker dollar, but credit market signals warn of possible investor caution that could prevent the bulls from making a run at $120,000.
Bakkt is acquiring a 30% stake in Japanese yarn maker Marusho Hotta as part of its pivot to crypto treasury services, with plans to rebrand the firm as bitcoin.jp.
Bitcoin’s tight consolidation and Ether’s shallow pullback suggest a directional move could be around the corner.
Bitcoin acquisition trends are leading to predictions of a major BTC supply shock, with bullish implications for price.
Fundstrat managing partner Tom Lee said Bitcoin should hit $1 million “over time” and isn’t ruling out $250,000 for 2025.