Bitcoin Miners Are Scrambling For Cash: Wen Supply Shock?

Get ready, traders! Binance, the world’s leading cryptocurrency exchange, has just made a significant announcement that could change how many approach the market. They are set to launch a brand new Binance perpetual contract, specifically for the B/USDT trading pair, and they’re offering an eye-watering 50x leverage. This move, announced on their official website, is…

Bitcoin’s pullback near its all-time high, earlier this week, may have prompted short-term traders to lock in profits. Despite the price retreating to around $68,000, analysts remain optimistic, expecting Bitcoin to find solid support within the $65,000 to $68,000 range. The upcoming U.S. elections are seen as the next significant catalyst for the crypto market….

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A dramatic supply crunch is reshaping the Bitcoin market as institutional investors ramp up purchases, hoard millions of coins, and dry up available liquidity. With daily corporate acquisitions far outpacing mining output, experts warn of a looming imbalance that could redefine Bitcoin’s role from a volatile asset to a strategic reserve. New forecasts predict trillions…

UK pension specialist, Cartwright, has announced the first ever defined benefits scheme to allocate assets to Bitcoin, with a relatively high allocation of between 2 and 3% of its assets. Meanwhile, an SEC filing has revealed that the pension fund for the US state of Michigan has become the first such fund in the US…