Exploring the Value of Bitcoin

A common argument against Bitcoin's long-term viability is that it doesn't have any real value. This response is reasonable when you consider that Bitcoin is a technology that is so innovative, it feels unfamiliar to most people when they first encounter it.

Timeline of Bitcoin

Major cryptocurrencies experienced a significant drop on Thursday evening in anticipation of Federal Reserve Chair Jerome Powell's upcoming remarks at the Jackson Hole Symposium hosted by the Kansas City Federal Reserve. This annual gathering on Friday unites central bankers and economists at the highest levels, making it a pivotal event in the market.

In a world where nations are vying for dominance in the digital economy, Oman's recent announcement of a whopping $1.1 billion investment in bitcoin mining infrastructure has taken many by surprise.

Bitcoin's supply last active less than a month ago has plummeted to an 8-year low. This often overlooked metric provides essential insights into the market's current dynamics and is useful when analyzing historical trends.

On-chain data shows Bitcoin is currently not satisfying a condition that has historically occurred alongside major bottoms in the price. Bitcoin Supply In Profit Is Still Greater Than Supply In Loss In a new post on X, James V.

Widely followed crypto analyst Jason Pizzino thinks Bitcoin (BTC) could be forced to endure an unexciting couple of months before it flips bullish again. In a new YouTube video, Pizzino tells his 289,000 subscribers that BTC appears to be moving along a “grinding bottom” after its significant price dip last week.

A widely followed crypto analyst is breaking down Ethereum (ETH) and Bitcoin (BTC) while naming altcoins he thinks could outperform the slumping markets. Crypto trader Michaël van de Poppe suggests to his 663,900 followers on the social media platform X that, historically speaking, ETH's current price dip might have something to do with BTC's upcoming halving.

FTX Trading Ltd., accompanied by its linked debtors, has approached the U.S. Bankruptcy Court in Delaware with a proposal to collaborate with Michael Novogratz's Galaxy Digital Capital Management LP, also known as Galaxy Asset Management.

The previously unidentified address that accumulated more than $3 billion in the world's largest digital currency over the past three months and now recognized as the third largest Bitcoin (CRYPTO: BTC) wallet, has been identified. It allegedly belongs to Robinhood Markets Inc. (NASDAQ: HOOD), based on findings from Arkham Intelligence shared in a tweet by BitCoin News.

Ark Invest Founder Cathie Wood is among the big believers that the price of Bitcoin (CRYPTO: BTC) will rise. Ark Invest is among the companies that have filed to launch a Bitcoin ETF, an issue that awaits SEC approval.

Bitcoin deposited in exchange wallets has now dropped to 2.05 million BTC, its lowest since January 2018. With the overall crypto market sentiment trending neutral, here's how Bitcoin price could react in the coming days.