Bitcoin (BTC) news
Strategy buys no BTC, Strive adds 469 BTC, KULR sells all reserves
Why it matters: Diverging moves by treasury companies show that corporate demand for bitcoin is uneven ahead of expectations for the Fed's decision.
Teravolt proposes repurposing bitcoin farms for AI power supply
Why it matters: AI growth could intensify competition for electricity and push bitcoin mining off cheap energy sites.
JPMorgan double-upgrades IREN to Overweight on AI pivot
Why it matters: A signal that Wall Street values miners' pivot to AI infrastructure above pure proof-of-work mining.
Alice Liu: bitcoin's bottom this year may have been $59,000
Why it matters: The view that the bottom is in supports a bullish scenario, but the market remains dependent on the Fed's rate decision.
Crypto stocks rally: Bullish +8%, Coinbase +7.5%
Why it matters: The rally in crypto stocks signals a return of risk appetite ahead of the week's key events.
Bitmine buys another 27,180 ETH, reserves near 6 million
Why it matters: The largest corporate ETH holder is adding to its position, supporting demand for the asset and setting a benchmark for other companies.
Corporate crypto treasuries diverge on funding models
Why it matters: Valuation of crypto treasuries is shifting from reserve size to cost of capital and funding efficiency.
Zest Protocol launches incentives program on Stacks with STX payouts
Why it matters: Zest is building liquidity ahead of its Bitcoin staking product launches, which could boost DeFi activity in the Stacks ecosystem.
Bitcoin ETFs lose 933 BTC in a day, Ethereum ETFs attract 74,500 ETH
Why it matters: The divergent flows show capital rotating from Bitcoin into Ethereum ahead of the Fed meeting.
Market prices 80.5% odds of Fed rate hike at September 15-16 meeting
Why it matters: A rate hike would increase pressure on risk assets, including Bitcoin, and could trigger outflows from crypto into short-term bonds.
US tax deadline on September 15 to test Bitcoin liquidity
Why it matters: The drain of liquidity into the Treasury ahead of the Fed decision could increase Bitcoin volatility and pressure on risk assets.
Fed holds rates for fifth time; 30-year Treasury yield tops 5.2%
Why it matters: Rising US government bond yields increase pressure on risk assets, including Bitcoin, ahead of the Fed meeting on September 15-16.
Weekly MA50 caps bitcoin: key levels at $71,000 and $82,500
Why it matters: Without a return above the weekly MA50, bitcoin's rally remains in question, and the Fed decision and the CLARITY Act vote will set the direction for the week.
CryptoQuant: BTC reserves on Binance at 2024 highs ahead of FOMC
Why it matters: Rising exchange reserves are not necessarily a bearish signal: in 2024, a similar level preceded a BTC rally above $120,000.
Public companies sold $21.63M in BTC last week, Strategy hasn't bought for two weeks
Why it matters: Corporate demand for bitcoin is weakening: Strategy and Metaplanet are not buying, while some companies are locking in positions.
Pantheon Macro expects Fed rate hike of 25 bps as disinflation stalls
Why it matters: Rising expectations of a rate hike increase pressure on risk assets, including bitcoin and the crypto market.
Swiss Bitcoin Pay shuts down servers after suspected breach of internal systems
Why it matters: The leak of email, IBAN and transaction history creates a targeted phishing risk for the service's customers.
Fed: hedge funds added $400B in assets ahead of rate decision
Why it matters: High fund leverage raises the risk of forced bitcoin selling if the Fed delivers an unexpected rate decision.
Canaan sells all 3,952 ETH and 54 BTC, buys back 13.6M ADS
Why it matters: A major miner is converting its crypto treasury into share buybacks, signaling a priority on shareholder value over accumulating digital assets.
Bitcoin and Ethereum gain 1.5% as tech stocks slide, CLARITY Act odds rise
Why it matters: Crypto is decoupling from tech stocks, and the outcome of the CLARITY Act vote will determine whether BTC and ETH can hold their relative strength.