Bitcoin price falls to 2-month low, but derivatives markets reflect traders’ interest

Bitcoin demand among United States investors surged after the Federal Reserve confirmed its intentions to lower interest rates.

Asset managers and companies currently hold over 6% of Bitcoin’s (BTC) circulating supply, according to Buy Bitcoin Worldwide. A breakdown of the data shows Bitcoin fund issuers and asset managers hold about 4% of Bitcoin’s supply, public companies account for nearly 1% and private companies own roughly 0.83% of the cryptocurrency’s supply. It's clear that institutional…

Japanese IT firm Fujitsu has successfully trialed a blockchain-based solution to address inefficiencies in electricity surplus management, the company confirmed in a press release on Jan. 29.Fujitsu, which partnered with local power distribution company ENERES, used blockchain to increase the success rates of power sharing, which is administered through a process known as Demand Response…

Bitcoin (BTC) can hit $10 million per coin or more as it eats 25% of the global wealth, new analysis has concluded.In a blog post released on Feb. 16, fund manager and Bitcoin expert advisor Jesse Myers revealed his own “outrageous” BTC price target.Myers: "Bitcoin could 500x over the coming decades"Bitcoin may struggle with “brutal”…

Google’s new restrictions on Chrome Web Store extensions introduced Monday, October 1, are likely to affect cryptojackers.In a blog post, Google confirmed that as of now, Chrome extensions submitted to the Web Store would not be allowed if they contained “obfuscated” code.Aside from the security implications, obfuscated code, which the post describes as “mainly used…

Bitcoin (BTC) has a substantial liberating potential, American mainstream newspaper Time reports on Dec. 28.The aforementioned article claims that “speculation, fraud, and greed in the cryptocurrency and blockchain industry have overshadowed the real, liberating potential of Satoshi Nakamoto’s invention.”According to the article’s author, Bitcoin “can be a valuable financial tool as a censorship-resistant medium of…

Bitcoin (BTC) price showed a bit of strength by briefly pushing to $9,235 as the daily close occurred but at the time of writing the top-ranked digital asset on CoinMarketCap is trading below the $9,200 resistance. Crypto market weekly price chart. Source: Coin360As discussed in the previous analysis by Cointelegraph Markets, the price remains pinned below…

The S&P 500 Index (SPX) continued its march toward its all-time high with a 3% gain in July. Signs of receding inflationary pressures and expectations of an end to the Federal Reserve’s tightening cycle are the factors that boosted risk-on sentiment.However, this bullish mood did not benefit Bitcoin (BTC) as it largely remained range-bound in…

The average budget deficit of the United States will “never” be less than $1 trillion per year in the future — or 4.5% of GDP, worrying data on the fiat economy shows. Compiled by the U.S. Congressional Budget Office (CBO) and shared by crypto hedge fund manager Travis Kling on Jan. 21, statistics reveal that the…