Bitcoin

Focuses on news, price analysis, technological evolution, and market trends within the Bitcoin ecosystem. It explores its role and influence in the global financial system.

Bitcoin Faces A New Quantum Era As Giant Computing Facility Breaks Ground

CoinShares estimates that only around 10,230 Bitcoin (worth approximately $730 million) are currently vulnerable to a quantum computing attack, representing a small fraction of circulating supply. This assessment comes as PsiQuantum constructs a large-scale quantum computing facility in Chicago, designed to operate a 1 million-qubit machine—theoretically capable of breaking Bitcoin’s encryption. However, experts emphasize that raw qubit count alone is insufficient; error rates and stability are critical. A genuine quantum threat to Bitcoin is still considered at least a decade away. Meanwhile, developers are exploring post-quantum cryptographic solutions, though implementation could take years. PsiQuantum has stated it does not intend to target Bitcoin.

bitcoinist03/07 11:02

Bitcoin Faces A New Quantum Era As Giant Computing Facility Breaks Ground

bitcoinist03/07 11:02

4,277 BTC bought, is 10K next? How STRC is fueling MSTR’s Bitcoin moves!

Despite a 10% stock decline for MicroStrategy (MSTR) following Bitcoin's recent correction, the week was marked by significant bullish momentum. This optimism is primarily driven by the performance of its perpetual fund index, Stretch (STRC), which broke above the critical $100 level. This breakout is crucial as the yield generated from STRC shares is funneled directly into Bitcoin purchases. This dynamic is reinforced by strong institutional ownership, with Vanguard being the largest shareholder. Furthermore, STRC raised its dividend, boosting investor confidence. The strong trading volume in STRC this week has already enabled MicroStrategy to acquire 4,277 BTC. Projections now suggest this figure could reach 8,000 BTC by Monday, highlighting the firm's unwavering commitment to its Bitcoin accumulation strategy despite broader market uncertainty.

ambcrypto03/07 11:02

4,277 BTC bought, is 10K next? How STRC is fueling MSTR’s Bitcoin moves!

ambcrypto03/07 11:02

Bitcoin Could Outshine Gold Through 2029, Macroeconomist Predicts

Macroeconomist Lyn Alden predicts Bitcoin could outperform gold over the next two to three years, citing extreme divergence in investor sentiment. While gold's fear and greed index sits at 72 (greed), Bitcoin's is at 18 (extreme fear). Alden sees this as a contrarian opportunity, suggesting the pendulum has swung too far in gold's favor and a reversal is likely. Although gold recently hit a record high, Bitcoin remains 44% below its peak. Alden acknowledges both assets can rise or fall together but believes current conditions favor Bitcoin. This contrasts with investors like Ray Dalio, who favors gold as a more established store of value.

bitcoinist03/07 08:02

Bitcoin Could Outshine Gold Through 2029, Macroeconomist Predicts

bitcoinist03/07 08:02

Short-term profit-taking pushes Bitcoin back below key $70K level – What next?

Bitcoin retreated below the key $70,000 level due to significant profit-taking activity from short-term holders, who sent 27,500 BTC to exchanges. Despite a recent rally to $74,050, market sentiment remains weak, as indicated by negative Coinbase Premium Index and Bull Score data. Analysts note that long-term holders may also increase selling pressure, though they remain profitable with a cost basis around $39,800. While a potential rally toward $83,000–$89,000 is possible to trigger short liquidations, high volatility and weak conviction suggest further downside risk. The short-term holder realized price sits at $68,000, which may serve as a potential support level in the near term.

ambcrypto03/07 08:01

Short-term profit-taking pushes Bitcoin back below key $70K level – What next?

ambcrypto03/07 08:01

Bitcoin Rally Likely A Relief Bounce, Not New Bull Phase: CryptoQuant

On-chain analytics firm CryptoQuant states that the recent Bitcoin rally is likely a relief bounce rather than the start of a new bull market. Its Bull Score Index, which aggregates signals from ten on-chain metrics, remains deep in bearish territory with a value of only 10. This indicates that just one of the ten indicators is currently bullish. Despite Bitcoin's price surge above $70,000, the index has consistently remained at or below 20 for months, having previously dropped to zero in late November. CryptoQuant concludes that Bitcoin market conditions are still bearish. In separate news, analytics firm Santiment reported that the number of non-empty Bitcoin addresses has reached a new all-time high of 58.45 million, growing 3% in the last six months. After a high near $74,000, Bitcoin's price has since retraced to around $70,500.

bitcoinist03/07 06:02

Bitcoin Rally Likely A Relief Bounce, Not New Bull Phase: CryptoQuant

bitcoinist03/07 06:02

CleanSpark and Bitcoin miners’ selling spree – Is the miner HODL era ending?

Bitcoin's retreat from its October 2025 peak has triggered a significant shift in miner behavior, with public mining companies accelerating BTC transfers to exchanges. As mining profitability tightens due to a declining hashprice and rising operational costs, miners are increasingly liquidating reserves to maintain cash flow. Since October 2025, publicly listed miners have sold over 15,000 BTC, reducing total miner balances. This trend is exemplified by CleanSpark, which sold nearly all its February production (553 of 568 BTC mined), a stark contrast to its previous retention strategy. This signals a broader industry move away from long-term accumulation toward immediate monetization. Current miner selling patterns resemble late-cycle capitulation phases, though the selling pressure appears more controlled than in previous bear markets. The Miner Position Index remains low, while the Hash Ribbons indicator recently flashed a buy signal, historically preceding market rebounds. However, corporate miners' use of hedging and diversified revenue streams suggests this cycle may feature a more gradual transition rather than violent capitulation.

ambcrypto03/07 05:33

CleanSpark and Bitcoin miners’ selling spree – Is the miner HODL era ending?

ambcrypto03/07 05:33

Bitcoin’s $70K bull-bear battle: How FOMO could tip BTC’s scales

Bitcoin is showing signs of a potential bullish breakout as it hovers around the $70,000 level, driven by increasing fear of missing out (FOMO) among investors. After six consecutive weeks of decline, BTC is set to close its first positive week with a 7% gain, fueling demand. Open Interest in derivatives surged by 7% to $46.8 billion, reflecting a battle between bulls and bears. Despite a slight short bias in the market, on-chain data reveals significant accumulation by institutional players like BlackRock, which recorded a net inflow of $303 million in BTC. Historical fear zones have previously led to major rallies, suggesting the current price level may be a strategic accumulation zone rather than a local top. This institutional activity, combined with rising FOMO, could push Bitcoin past key resistance levels.

ambcrypto03/07 05:02

Bitcoin’s $70K bull-bear battle: How FOMO could tip BTC’s scales

ambcrypto03/07 05:02

Bitcoin Strategist Shares 8-Figure BTC Price Prediction, But The Reason Is Even More Interesting

Bitcoin strategist Joe Burnett predicts BTC could reach $11 million by 2036, driven by its potential to capture a meaningful share of global financial wealth. His updated forecast suggests Bitcoin’s market cap could hit $230 trillion, representing a portion of the projected $2 quadrillion in global assets. Burnett emphasizes Bitcoin’s fixed supply and role as a store of value amid currency debasement. A key factor is AI-driven deflation: increased productivity may lower costs, prompting monetary expansion. This could push investors toward scarce assets like Bitcoin. Additionally, Bitcoin-based financial products may attract institutional capital, reinforcing its status as a global reserve asset.

bitcoinist03/07 02:02

Bitcoin Strategist Shares 8-Figure BTC Price Prediction, But The Reason Is Even More Interesting

bitcoinist03/07 02:02

Bitcoin Bottom In? This Key Metric Signals BTC May Have Reached Its Floor

A key metric suggests Bitcoin may have reached a local price bottom. Market expert Crypto Tice highlights that the Bitcoin Total Supply in Profit indicator is flashing signals historically associated with the end of selling pressure and structural capitulation. This indicates supply is being absorbed by stronger hands, weak holders have been flushed out, and long-term investors are not selling. Tice describes this as a "once-in-a-cycle entry point," noting that when supply flips from loss-heavy to profit-ready, markets often see explosive upward moves. Meanwhile, data shows negative funding rates, indicating defensive sentiment among futures traders, but a rising Coinbase Premium Gap suggests increased buying from U.S. investors.

bitcoinist03/07 00:03

Bitcoin Bottom In? This Key Metric Signals BTC May Have Reached Its Floor

bitcoinist03/07 00:03

Bitcoin Generational Buying Opportunity: The Most Bullish Time To Get In

Bitcoin's price has been moving sideways with weak demand. Analyst Crypto Patel suggests it may not have bottomed yet and could fall further, potentially breaking the $60,000 support and even dropping below $50,000. While this seems bearish short-term, Patel views it a "generational buying opportunity" if it occurs. He advises investors to think long-term and avoid emotional decisions, predicting this scenario could unfold over the next 3-6 months.

bitcoinist03/06 17:02