Global #Bitcoin

Benjamin Cowen, a prominent crypto strategist, has recently shared insights on the crypto market’s potential trajectory, emphasizing the Federal Reserve's role in influencing Bitcoin's performance.

Japan-based Metaplanet Inc., a publicly traded company, has reaffirmed its commitment to Bitcoin by completing a significant acquisition of 57.103 BTC, valued at approximately 500 million yen or $3.3 million.

BlackRock’s IBIT Bitcoin ETF has recently achieved a significant milestone, becoming the world’s third-largest holder of Bitcoin, behind only the enigmatic Satoshi Nakamoto and Grayscale.

In early trading hours, Bitcoin (BTC) surged above $60,000 before experiencing volatile swings within the $58,500 to $59,700 range. This fluctuation coincided with Marathon Digital Holdings Inc.'s announcement of a $250 million debt offering to acquire more Bitcoin, which significantly impacted market sentiment.

Bitcoin (BTC) has recently entered a short-term bearish phase, falling below the $60,000 mark and dropping beneath $59,500 and $58,000. After hitting a low of $57,690, the cryptocurrency has begun a modest recovery.

In recent comments, former Bank of Japan (BOJ) board member Makoto Sakurai suggested that the central bank would likely postpone any additional interest rate hikes until next year, signaling a preference for market stability in the near term.