Bitcoin price discussion and analysis

[Garpal Gumnut]

Should also apply to those outside of that age bracket too @Garpal Gumnut

Possibly @IvoryWolf , possibly.

One has to be fleet of foot and thought to really benefit from Crypto. I agree though that BTC has become more stable since being endorsed by Donald Trump and major US banks.

I'll still stick with an ETF and let someone else do the footwork. I reckon I'm good, or better than most of my vintage, on passwords and internet security but I wouldn't feel comfortable holding Bitcoin directly.

gg

 

[IvoryWolf]

Possibly @IvoryWolf , possibly.

One has to be fleet of foot and thought to really benefit from Crypto. I agree though that BTC has become more stable since being endorsed by Donald Trump and major US banks.

I'll still stick with an ETF and let someone else do the footwork. I reckon I'm good, or better than most of my vintage, on passwords and internet security but I wouldn't feel comfortable holding Bitcoin directly.

gg

Purely a technical play @Garpal Gumnut - favouring Ethereum at this stage personally. The four hourly chart is an interesting one, in particular - support and resistance / parallel lines / channels. Of course, a push from BTC wouldn't hurt.

 

[Garpal Gumnut]

Purely a technical play @Garpal Gumnut - favouring Ethereum at this stage personally. The four hourly chart is an interesting one, in particular - support and resistance / parallel lines / channels. Of course, a push from BTC wouldn't hurt.

Thanks @IvoryWolf

I got the wind up about Bessant going to Switzerland to meet the Chinese this weekend and had to go through my stocks which are heavily defensive risk on atm. to see if "good" news might affect any. As I've said I hold BTC via the etf VBTC.

I was unsure whether BTC was a risk on or a risk off play and was surprised to see that it had performed well in all environments, if it did fall say with a situation where the market sold off greatly it often didn't change or if it fell, it recovered within a day or two. Equally if the market took off it followed it's own merry way. ( the source was a Blackrock pdf on risk on/off and crypto I found on a duckduck search )

I'm starting to believe there is a place for crypto in everyone's portfolio. Years ago I felt ETH would be more useful as it has more integrated tools attached to it but it seems out of favour with the main stream investor for some reason. I've never held it.

gg

 

[Bailxtrader]

Bitcoin price today: hits record high over $121k ahead of ’crypto week’​

Updates price levels, adds context

Investing.com-- Bitcoin hit a record high of over $121,000 in Asian trading on Monday, buoyed by optimism over growing institutional adoption and ahead of a highly anticipated "Crypto Week" in Washington, starting later in the day.

The world’s largest cryptocurrency last traded up 2.7% at $120,778.8 as of 23:48 ET (03:48 GMT). It briefly hit a record high of $121,156.4.

Bitcoin’s latest gains came after Japanese hotelier turned Bitcoin treasurer Metaplanet said it acquired an additional 797 Bitcoin to bring its total holdings to 16,352 coins. The firm is the fifth-largest corporate holder of Bitcoin.

Bitcoin was on a tear over the past week, fueled by strong ETF inflows and increasing hopes for more crypto-friendly regulation in the United States.

Investor sentiment has been propelled by expectations that the U.S. House of Representatives will debate several landmark crypto bills during "Crypto Week," including the Genius Act, Clarity Act, and the Anti‑CBDC Surveillance State Act.

If passed, these measures could establish comprehensive regulatory frameworks governing stablecoins, crypto asset custody, and the broader digital financial ecosystem.

Boosting the bullish mood, institutional demand remains robust. U.S. spot bitcoin ETFs have enjoyed record-breaking inflows, and prominent asset managers such as BlackRock (NYSE:BLK) and Fidelity continue to expand their crypto holdings.

Crypto-related equities echoed Bitcoin’s ascent, with U.S.-listed miners and ETF-linked stocks like Riot Platforms (NASDAQ:RIOT), Mara Holdings, and Strategy (NASDAQ:MSTR) showing notable gains last week.

The surge was also attributed to a major Chinese regulator holding a strategic session last week to brief local officials on stablecoin and digital currency policy.

The Thursday meeting, organized by Shanghai’s state asset regulator, signaled a potential shift in China’s policy, where crypto trading is banned.