Bitcoin News Today TheBitTimes.com

Bitcoin surged past $94,000 for the first time in almost two months after President Donald Trump softened his stance on China tariffs and pledged not to fire Federal Reserve Chair Jerome Powell. Speaking at a White House press conference, Trump said the US will be ”very nice” to China and that tariffs will ”come down substantially” if the two sides can reach a deal. He added that Powell will remain in his role, signaling continuity at the Fed amid investor concerns over future monetary policy. The reassurances sparked bullish momentum across crypto markets, lifting Bitcoin more than 6% to top $94k at 4:10 a.m EST, its highest level in seven weeks. The meme coin sector surged 14%, with Dogecoin, Shiba Inu and Pepe all logging double-digit gains as risk-on appetite returned. Bitcoin ETF Inflows Hit Almost $913M Institutional investors upped their exposure to the leading crypto, with inflows for US spot Bitcoin ETFs (exchange-traded funds) reaching $912.7 mill...

BitMEX co-founder Arthur Hayes was spotted moving millions of dollars worth of altcoins to crypto exchange Binance. According to blockchain tracking firm Lookonchain, Hayes sent over $8.47 million worth of Ethena (ENA) to Binance, presumably to sell on the open market. “ Arthur Hayes previously accumulated 16.79 million ENA ($11.21 million) at $0.67 between Nov 26th and Nov 28th, making a profit of $7.7 million at the current price.” Source: Lookonchain/X According to blockchain “de-anonymizing” service Arkham, Hayes also sent an additional $2.42 million worth of ENA to another wallet containing over $11 million worth of crypto. Arkham notes that the receiving wallet may be owned by Hayes as well but the firm is not 100% certain. In a recent essay, Hayes said that the crypto markets could be at risk of witnessing a “harrowing” correction following the inauguration of President-elect Donald Trump. “The people are impatient bec...

Miners are a glimmer of hope in a barren Bitcoin landscape this week ahead of a key Federal Reserve event in Jackson Hole. Bitcoin (BTC) starts a new week fresh from a new multi-week low amid a return of highly nervous sentiment. After dipping below $21,000 over the weekend, the largest cryptocurrency is consolidating around 10% lower than a week ago, and the fear across crypto markets is clearly visible. As some call for new lows and others warns of a difficult few months ahead, there is plenty for bulls to contend with on both long and short timeframes The United States Federal Reserve’s annual Jackson Hole symposium is due this week, while September is already due to form something of a showdown when it comes to Inflation and associated macro price triggers. That could mean fresh volatility across risk assets both during and prior, something weary investors will no doubt not welcome after last week's escapades on BTC/USD. Related: 3 reasons why the Bitcoin price bottom is not i...