Bitcoin longs bleed 1% daily as BTC leverage persists, price drifts sideways

Spot Bitcoin ETFs have attracted $260 million in inflows, potentially helping BTC break the $118,000 resistance level.

Editor’s Note: This is significant as breaking the $118,000 barrier could lead to a new price surge for Bitcoin, attracting more investors and boosting market confidence.

Bitcoin and Ether exchange-traded funds (ETFs) have attracted over $600 million in investments, highlighting the growing interest in cryptocurrency markets.

Editor’s Note: This surge in investment reflects a positive trend in the cryptocurrency sector, indicating that more investors are looking to diversify their portfolios with digital assets. The popularity of crypto ETFs could lead to increased market stability and further adoption of cryptocurrencies.

Bitcoin's rapid growth is slowing down, indicating it may be reaching its technological limits.

Editor’s Note: This matters because it could affect investors' confidence and the future of cryptocurrency as a whole. Understanding these trends is crucial for anyone involved in the digital currency market.

Saifedean Ammous, author of 'Bitcoin Standard', has criticized Argentina's high-yield bond strategy, labeling it a 'Ponzi' scheme. He suggests that as the peso continues to decline, investors may turn to Bitcoin as a safer alternative.

Editor’s Note: This situation is significant as it highlights the potential risks of Argentina's financial strategies and the growing interest in Bitcoin as a hedge against currency devaluation. It reflects broader concerns about economic stability in the region.

Bitcoin is trading above $115,000 as investors await a crucial decision from the US Federal Reserve. This meeting could significantly influence the market outlook for cryptocurrencies and other risk assets.

Editor’s Note: The upcoming Fed decision is pivotal for the financial markets, especially for cryptocurrencies like Bitcoin. Investors are hopeful for an interest rate cut, which could boost market confidence and stability.

Openbank has launched trading for Bitcoin, Ether, and Cardano for retail clients, marking a significant step in digital asset adoption in Europe.

Editor’s Note: This launch is important as it may push traditional banks to offer similar cryptocurrency services, potentially transforming the financial landscape in Europe.

Bitcoin's price is currently under scrutiny as traders speculate whether bulls can regain control above the $116,000 mark. Market dynamics are shifting, and analysts are closely watching these developments.

Editor’s Note: Understanding Bitcoin's price movements is crucial for investors and traders. If bulls manage to push the price above $116,000, it could signal a bullish trend, attracting more investment and interest in the cryptocurrency market.

Next Technology Holding plans to raise $500 million through a stock sale to potentially invest in more Bitcoin. This move aims to provide the company with financial flexibility.

Editor’s Note: This development is significant as it highlights the growing interest in Bitcoin and cryptocurrency investments. By raising funds, Next Technology Holding can strengthen its position in the crypto market, which could influence investor confidence and market trends.

Tom Lee, Chairman of BitMine, forecasts a potential surge in Bitcoin and Ethereum prices within the next three months if the Federal Reserve cuts interest rates. His insights were shared during an interview with CNBC.

Editor’s Note: This prediction is significant as it highlights the potential impact of monetary policy on cryptocurrency markets. Investors and traders often look for signals from the Federal Reserve, and a rate cut could lead to increased investment in digital assets.

Vancouver's mayor supports a Bitcoin fund aimed at benefiting firefighter charities, highlighting a potential trend in municipal cryptocurrency adoption in North America.

Editor’s Note: This initiative could pave the way for more cities to explore cryptocurrency as a viable funding source for charitable causes, reflecting a shift in how municipalities view digital currencies.

Kyle Samani, co-founder of Multicoin Capital, asserts that Solana's Digital Asset Treasuries (DATs) have a competitive edge over Bitcoin. He believes the mechanisms of these DATs could create a sustainable, price-boosting cycle for Solana (SOL).

Editor’s Note: This insight is significant as it highlights the potential of Solana's financial products in the crypto market, suggesting that they may outperform Bitcoin. Understanding these dynamics can help investors make informed decisions in the evolving landscape of digital assets.

Peter Schiff warns that Bitcoin may be reaching its peak ahead of anticipated Fed rate cuts. His long-standing skepticism about Bitcoin raises concerns among investors.

Editor’s Note: This matters because Schiff's predictions could influence market sentiment and investor decisions. If Bitcoin is indeed topping out, it could signal a downturn, impacting many who have invested in the cryptocurrency.

Spot Bitcoin ETFs have attracted $260 million in inflows, potentially helping BTC break the $118,000 resistance level.

Editor’s Note: This is significant as breaking the $118,000 barrier could lead to a new price surge for Bitcoin, attracting more investors and boosting market confidence.

PayPal has launched a new service called PayPal Links, allowing users to create personalized payment links that can be shared via text messages, DMs, or emails. This innovation aims to simplify peer-to-peer transactions.

Editor’s Note: This development is significant as it merges communication with financial transactions, making it easier for users to send and receive money. It reflects PayPal's commitment to enhancing user experience in digital payments.

Today's crypto news covers the latest trends and events affecting Bitcoin, blockchain technology, DeFi, NFTs, Web3, and crypto regulations.

Editor’s Note: Staying updated on cryptocurrency developments is crucial for investors and enthusiasts alike. Understanding daily trends can help navigate the volatile market and make informed decisions.

Bitcoin and Ether exchange-traded funds (ETFs) have attracted over $600 million in investments, highlighting the growing interest in cryptocurrency markets.

Editor’s Note: This surge in investment reflects a positive trend in the cryptocurrency sector, indicating that more investors are looking to diversify their portfolios with digital assets. The popularity of crypto ETFs could lead to increased market stability and further adoption of cryptocurrencies.

Bitcoin's rapid growth is slowing down, indicating it may be reaching its technological limits.

Editor’s Note: This matters because it could affect investors' confidence and the future of cryptocurrency as a whole. Understanding these trends is crucial for anyone involved in the digital currency market.

Swiss banks UBS, Sygnum Bank, and PostFinance have successfully completed the first legally binding payment using blockchain technology, demonstrating its potential for bank deposits and institutional payments.

Editor’s Note: This milestone is significant as it showcases the practical application of blockchain in traditional banking, potentially transforming how financial transactions are conducted and increasing efficiency in the sector.