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Bitcoin Rebounds Above $123K as Miners Rally; VanEck Sees $644K BTC

Bitcoin rebounded sharply, climbing back to nearly $124,000 after falling to $120,000 earlier in the week. Alongside Bitcoin, altcoins like Ethereum, XRP, and Solana also recorded modest gains between 1% and 3%. Significant upticks were seen in crypto miners Cipher Mining (up 12%) and Bitfarms (up 11%), driven by optimism surrounding AI and computing demand. VanEck analyst Matthew Sigel forecasts a potential Bitcoin price of $644,000 based on the relationship between Bitcoin and gold as a store of value. While gold has surged, benefiting from global economic uncertainties and rising government deficits, experts warn it may need to cool down before Bitcoin can gain more traction. As institutional interest rises, particularly in BTC-related stocks, analysts suggest Bitcoin may become the next asset to attract investors once the gold rally fades.

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Jack Dorsey's Square Unveils Bitcoin Payments, Wallet for Retailers

Jack Dorsey's Block has launched a new product enabling small businesses to accept Bitcoin and manage it through an integrated wallet using the Square point-of-sale system. Merchants can convert received funds into Bitcoin without incurring fees, with the ability to convert up to 50% of daily sales into

Pantera Backs TransCrypts with $15M Seed Round to Expand Blockchain Identity Platform

Pantera Capital has led a $15 million seed round for TransCrypts, a blockchain startup that enables individuals to own and share verified credentials. The funds will be used to expand the company's credential verification system into healthcare and education, following its recent HIPAA certification. TransCrypts offers a platform

Don’t be Stupid: Why Grant Cardone Says Bitcoiners Shouldn’t Chase Gold’s Historic Rally

Grant Cardone, a real estate investor, cautions Bitcoiners against chasing the recent surge in gold prices, which have risen over 50% this year. He believes Bitcoin is a more valuable and superior store of wealth compared to gold. Cardone argues that while investors might be tempted to invest in gold

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