Bitcoin has experienced a volatile month. Despite losing
8.6% in August, the cryptocurrency started September on a low note.
Coinbase reported its first AI-to-AI crypto transaction, indicating a possible technological expansion for crypto transactions. Reports indicate that the
crypto market is feeling the effects of $33 billion in cryptocurrencies retained by the US, China, UK, and Ukraine. A growing concern is the increase in
Bitcoin ATM scams, significantly impacting older adults. Meanwhile, speculation persists regarding Bitcoin’s capability to reach
$1,000,000 by 2025. Positive predictions also signal a possible bull run for Bitcoin this September. Nonetheless, potential sellers unnerve the market as disillusioned investors are caught in Bitcoin's ETF success.
El Salvador continues to label its Bitcoin adoption as a 'net success,' despite evident delays. Anticipation builds on whether Bitcoin will successfully break the September jinx, while significant Bitcoin transactions are noted between whales and sharks. In direct contrast, predictions suggest a major price shock may be on the horizon for Bitcoin and other cryptos. Despite its fluctuations, Bitcoin’s Layer-2 Network starts its Nakamoto Upgrade. Other factors being watched include the impact of institutional investors, potential Bitcoin price corrections, Bitcoin ETFs, and how rate cuts might favor Bitcoin along with the outcome of the Fed's September FOMC meeting.
Bitcoin News Analytics from Thu, 09 May 2024 07:00:00 GMT to Mon, 02 Sep 2024 02:02:39 GMT -
Rating -3
- Innovation 5
- Information 7
- Rumor 1
