This is an opinion editorial by Michael Matulef, an independent student of Austrian economics and member of the Mises Institute. The impending U.S. presidential election has ignited a spark of excitement within the Bitcoin community, as various prospects have begun to vocalize their support for Bitcoin. Rising political interest in Bitcoin has culminated in the emergence of a so-called “orange party,” a movement characterized by Bitcoin enthusiasts transformed into single-issue voters. While the fervor surrounding this development is comprehensible, it is crucial to evaluate the potential ramifications of single-issue voting…
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Bitcoin has bottomed despite ‘astonishing’ BTC price action — Analyst
Bitcoin (BTC) further ground down volatility into Aug. 12 as “astonishing” BTC price action stayed in place. BTC/USD 1-hour chart. Source: TradingView Bitcoin: “Classic weekend chop” expected Data from Cointelegraph Markets Pro and TradingView followed a flat Bitcoin trading environment as the weekend began. After displaying only muted reactions to the week’s United States macroeconomic data prints, BTC/USD held firm near $29,500 — a key battleground between bulls and bears. “Expecting just another classic weekend chop around the CME close price,” popular trader Daan Crypto Trades wrote in part of…
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