US$39T debt boosts Bitcoin argument
The US government's debt has passed US$39 trillion, renewing interest in Bitcoin (CRYPTO:BTC) as a hedge against rising government borrowing.
The US government's debt has passed US$39 trillion, renewing interest in Bitcoin (CRYPTO:BTC) as a hedge against rising government borrowing.
A home miner using a US$150 Bitaxe device mined a Bitcoin (CRYPTO:BTC) block and earned about US$200,000.
American Bitcoin has fallen more than 95% from its peak, cutting more than US$600 million from the value of Eric Trump's stake.
Japanese Prime Minister Sanae Takaichi said the government will boost support for Web3 startups with more funding and simpler regulations.
Solana (CRYPTO:SOL) has slipped below a key trading range, with analysts warning that US$75 is now the next major support level.
US spot Bitcoin (CRYPTO:BTC) exchange-traded funds recorded about US$197.4 million in net inflows last week, ending a record eight-week outflow streak.
Bitcoin (CRYPTO:BTC) could face a new financial risk because derivatives markets may change the economics of a 51% attack, according to Duke University professor Campbell Harvey.
Zcash (CRYPTO:ZEC) has climbed about 1,190% over the past year to around US$545, earning a place on Forbes' list of the top 10 cryptocurrencies.
Ethereum (CRYPTO:ETH) held above US$1,800 for three straight days as large investors bought about 11,306 ETH worth US$20.6 million.
Bitcoin (CRYPTO:BTC) has climbed from about US$57,700 to above US$64,000, with CryptoQuant saying July's seasonal strength is helping the recovery.
Bitcoin (CRYPTO:BTC) traded near US$64,000 after US President Donald Trump warned of possible military action against Iran, adding fresh uncertainty to financial markets.
Strategy Executive Chairman Michael Saylor said Bitcoin (CRYPTO:BTC) could become a global digital capital asset by 2036, with wider adoption by companies, banks and governments.