BTC Bitcoin Cryptocurrency Betting
Bitcoin is the cryptocurrency that started it all. There are dozens of other Cryptocurrencies you can use to deposit at BookMaker and hundreds more on the periphery, but Bitcoin is the most well-known of the bunch, and the only one your aunt Ethel and uncle Fred know. The coin that dominates the crypto space surged past $60,000 in March 2021 and might be poised for an even bigger run ahead of the holidays.
Monday, August 11, 2025 News Update
Analysts say trading activity in Asia is propelling Bitcoin closer to another all-time high. So far this year, Bitcoin has climbed nearly 30%. Analysts at crypto research group 10x Research told DL News that “Asian trading hours alone contributed more than 25% to that gain,” adding that this upward momentum could keep the market “on a long-term tilt to the upside.” Early Monday morning, the world’s largest cryptocurrency came within just 1% of its July record, reaching close to $123,000 before falling back. For months, market commentators have speculated that Bitcoin could hit as high as $250,000 in 2025. Over the weekend, the rally prompted analysts at the London Crypto Club to declare that the “summer lull for crypto is over.”
What’s Fueling the Surge? While Asian traders have been a major catalyst, other factors have also driven Bitcoin’s recent rally. Demand from US investors has increased sharply, pushing up the Coinbase premium—the difference between Bitcoin prices on Coinbase Pro and other platforms such as Binance. This premium suggests American traders are willing to pay extra for Bitcoin, signaling strong appetite. In their Connecting The Dots newsletter, David Brickell and Chris Mills of the London Crypto Club predicted further gains, citing “a combination of rising global liquidity, weakening fiat currencies, and central banks cutting interest rates.”
The CME FedWatch tool shows that traders now assign an 88% probability to the Federal Reserve lowering interest rates in September. Historically, a lower interest rate environment has supported growth in assets like stocks and cryptocurrencies. On Tuesday, traders will focus on the latest Consumer Price Index (CPI) release, which will provide insight into how US President Donald Trump’s tariff policies are influencing inflation. A CPI reading below expectations would suggest inflation remains contained despite the tariff measures, potentially giving the Fed more room to cut rates in September.
Some analysts believe Bitcoin’s strength will persist even if broader macroeconomic forces apply short-term pressure. Joel Kruger, market strategist at LMAX Group, told DL News that large-scale institutional interest and supportive regulatory changes will help Bitcoin withstand periods when “macro storms” hit traditional markets. Recent data from UK investment firm Farside shows Bitcoin exchange-traded fund inflows turned positive last week, reversing the heavy outflows seen in early August. Back in April, BitMEX co-founder Arthur Hayes remarked that Bitcoin would remain steady even if Trump’s shifting tariff policies rattled markets. Hayes maintains that Bitcoin could still reach $250,000 this year.
In other Bitcoin news, Harvard University’s endowment has taken a significant step into cryptocurrency, disclosing a $116.7 million stake in BlackRock’s iShares Bitcoin Trust (IBIT). This position gives Harvard more exposure to Bitcoin than to tech giants like Nvidia and Alphabet, Google’s parent company.
According to a Friday filing with the US Securities and Exchange Commission, the university purchased 1.9 million IBIT shares during the second quarter. Since their US approval in early 2024, spot Bitcoin exchange-traded funds have drawn more than $54 billion in net inflows, with IBIT emerging as the leader and becoming one of the fastest-growing ETFs in history.
Bloomberg Intelligence senior ETF analyst Eric Balchunas noted that Harvard is now IBIT’s 29th-largest shareholder among roughly 1,300. “Endowments are the hardest institution to hook — they rarely bite on ETFs,” he wrote on X, describing the move as “sizable” for an ETF investment, though small relative to Harvard’s $53.2 billion endowment.
Brown University, another Ivy League school, also reported IBIT holdings in its latest disclosure. Brown’s 212,500 shares—worth more than $13 million—nearly double the position it reported in March.
While public equities make up only a small slice of Harvard’s portfolio, the IBIT investment signals a stronger tilt toward alternative assets. In the same quarter, the endowment revealed a stake exceeding $100 million in the SPDR Gold Trust, while scaling back its holdings in several major technology companies.
Bitcoin Weekly Price Per CoinMarketCap
| WEEK |
BITCOIN PRICE IN USD |
| August 11, 2025 |
119,857.03 |
| August 4, 2025 |
114,220.61 |
| July 28, 2025 |
118,674.79 |
| July 21, 2025 |
118,976.22 |
| July 14, 2025 |
121,973.95 |
| July 7, 2025 |
108,160.58 |
| June 30, 2025 |
107,519.45 |
| June 23, 2025 |
101,566.23 |
| June 16, 2025 |
107,069.44 |
| June 9, 2025 |
107,543.46 |
| June 2, 2025 |
104,186.63 |
| May 26, 2025 |
109,844.10 |
| May 19, 2025 |
103,843.75 |
| May 12, 2025 |
104,151.94 |
| May 5, 2025 |
94,148.60 |
| April 28, 2025 |
94,635.92 |
| April 21, 2025 |
88,208.60 |
| April 14, 2025 |
85,623.93 |
| April 7, 2025 |
78,197.07 |
| March 31, 2025 |
83,428.18 |
| March 24, 2025 |
88,043.32 |
| March 17, 2025 |
82,748.61 |
| March 10, 2025 |
80,483.17 |
| March 3, 2025 |
90,833.10 |
| February 24, 2025 |
94,569.34 |
| February 17, 2025 |
96,701.18 |
| February 10, 2025 |
97,403.56 |
| February 3, 2025 |
96,864.15 |
| January 27, 2025 |
101,643.23 |
| January 20, 2025 |
106,822.51 |
| January 13, 2025 |
92,117.84 |
| January 6, 2025 |
101,692.99 |
Monday, August 4, 2025 News Update
Crypto markets kicked off the week on a cautious note, with bitcoin hovering just above $114,000 and ether regaining footing after a rocky weekend marked by sharp selloffs. The turmoil was largely driven by the biggest spot ETF outflows seen in months. Between Thursday and Friday, bitcoin ETFs experienced nearly $1 billion in outflows, dragging the price down toward $114,000 before a slight rebound. Ether followed suit, suffering $152 million in outflows on Friday alone, which ended a nearly month-long streak of consistent daily inflows and placed pressure on its upward momentum.
Sentiment across global markets soured after U.S. President Donald Trump announced a new wave of tariffs targeting countries in Asia and Europe. Risk assets took a hit, and crypto was no exception. “The dip was driven by concerns over Trump’s tariff stance and the Fed’s signal that it’s not keen to cut rates soon. But opportunistic buyers are already stepping in before U.S. markets open, indicating the fear may be overdone,” said Jeff Mei, COO at BTSE, to the media.
Early Asia trading on Monday showed signs of that opportunism. Bitcoin steadied around $114,500, while ether floated above $3,550 — both staying within short-term support levels. Retail-driven tokens like XRP and dogecoin climbed as much as 5%, leading Monday’s market gains. Cardano’s ADA and Solana’s SOL also posted gains over 3%.
Meanwhile, institutional presence continues to help stabilize the market. “The rising presence of professional desks has brought deeper secondary liquidity,” said Augustine Fan, Head of Insights at SignalPlus to the media. “This would’ve been a far messier unwind in the pre-ETF era. Q4 will be an important quarter with the Fed fully back in play and the tariff-inflation spillover to start showing in the real economy, so we believe it's an opportune time to dial down risk exposure in expectation of a busy September and year-end,” Fan added. Despite the stability, ETF inflows remain muted for now, keeping market sentiment cautious. Bitcoin is still trading below the critical $118,000 breakout zone, while ether must stay above $3,500 to avoid triggering more systematic selling.
In a separate development, Japan-based bitcoin treasury firm Metaplanet continued to bulk up its holdings. The company revealed Monday that it had acquired an additional 463 BTC for $53.7 million, signaling its ongoing commitment to bitcoin accumulation.
Metaplanet’s latest buy came at an average price of $115,895 per bitcoin, bringing its total holdings to 17,595 BTC. Those purchases, according to CEO Simon Gerovich, were made at an average acquisition cost of $101,422, totaling roughly $1.78 billion. The acquisition followed Friday’s filing in which the company detailed plans to raise as much as 555 billion yen (approximately $3.7 billion) via new perpetual preferred shares to fund its bitcoin strategy.
"Our goal is to have multiple tools to raise capital for buying Bitcoin," said Gerovich in a Sunday post on X. "On a Bitcoin standard, the mission is to continuously grow Bitcoin per share. Issuing perpetual preferreds is a highly accretive tool designed to maximize long-term shareholder value."
According to Bitcointreasuries data, Metaplanet now ranks as the seventh-largest bitcoin holder globally, trailing Strategy, MARA, XXI, Bitcoin Standard Treasury Company, Riot, and Trump Media. Still, despite its bullish moves, Metaplanet’s stock dipped 4.7% by midday Monday in Japan, based on Yahoo Finance data, with markets still open at the time.
Monday, July 28, 2025 News Update
Bitcoin saw modest gains early Monday, while several other cryptocurrencies outpaced it—benefiting from a wave of momentum sparked by recent legislative developments in Washington. Investors appear to be rotating into digital assets that may stand to gain more directly from the evolving regulatory landscape. Bitcoin’s price rose 1% over the past 24 hours, trading near $119,194. Last week, the world’s largest cryptocurrency surged to a record high of $123,166 amid enthusiasm during what some dubbed “Crypto Week,” as several crypto-focused bills advanced through Congress.
In contrast to Bitcoin’s modest climb, major altcoins were on the move. Ether jumped 3.5%, XRP gained 3.1%, Solana surged nearly 7%, and Dogecoin—one of the more popular memecoins—was up almost 2%.
The rally comes on the heels of new legislation signed into law Friday by President Donald Trump. The GENIUS Act establishes federal oversight of stablecoins—digital tokens pegged to the value of real-world currencies like the U.S. dollar. The law mandates that stablecoin issuers hold reserves on a one-to-one basis in U.S. dollars or Treasury securities, and it explicitly bans stablecoins that pay interest.
“The GENIUS Act’s ban on yield-bearing stablecoins is driving institutional interest into Ethereum, which largely provides the network for stablecoins,” wrote Deutsche Bank analyst Marion Laboure in a research note on Monday.
Yet, many analysts say the Clarity Act may have even broader implications. This bill seeks to resolve the long-standing question of whether cryptocurrencies should be classified as commodities or securities—and which federal agency would regulate them. Although the House approved it last Thursday, the bill still needs to pass the Senate.
The future trajectory of Bitcoin could hinge on how swiftly the Clarity Act progresses through the Senate, particularly ahead of the August congressional recess. Another potential catalyst looms Tuesday, when a presidential working group is expected to issue new crypto policy recommendations. Among the possibilities: a proposal to create a strategic reserve of Bitcoin.
In other news, Trump Media is pushing forward with its bold pivot into cryptocurrency, deepening its financial ties to Bitcoin as the regulatory landscape shifts in its favor. “We’re rigorously implementing our publicly announced strategy and fulfilling our bitcoin treasury plan,” said Trump Media CEO and President Devin Nunes in a press release. “These assets help ensure our company’s financial freedom, help protect us against discrimination by financial institutions, and will create synergies with the utility token we’re planning to introduce across the Truth Social ecosphere.” The company revealed it has also committed an additional $300 million to an “options acquisition strategy for bitcoin-related securities,” reinforcing its aggressive approach to building a digital asset portfolio.
This escalation in crypto investment comes as Washington, D.C. moves toward establishing clearer and more favorable regulations for the industry. On Friday, President Donald Trump signed into law the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins), the first federal framework for stablecoins backed by the U.S. dollar. The bill offers a sweeping green light for dollar-backed digital assets, a move expected to accelerate mainstream adoption.
Already, Trump’s influence in the space is growing. World Liberty Financial, a new crypto startup backed by the president and his sons, has launched USD1, a U.S. dollar-pegged stablecoin developed in partnership with crypto custody giant BitGo. The legislative and corporate activity is part of a broader strategy Trump Media unveiled in May to raise $2.5 billion for a Bitcoin treasury. The company is using a mix of public equity and debt issuance to rapidly accumulate Bitcoin—emulating the strategy pioneered by Michael Saylor’s firm, MicroStrategy (now called Strategy).
Beginning in 2020, Saylor transformed his business software company into a crypto titan by aggressively converting its balance sheet into Bitcoin. The playbook has since been adopted by dozens of firms, some with links to current or former White House advisors, while others have opted to build reserves in assets like Ethereum.
While such moves have occasionally led to dramatic stock surges, they’ve also drawn intense scrutiny. Skeptics—especially short sellers—warn that the model’s sustainability remains uncertain. Trump Media itself has experienced this volatility. Since announcing its Bitcoin treasury initiative in late May, the company’s stock has fallen 25%, and it is down 45% since the beginning of the year.
Monday, July 21, 2025 News Update
Bitcoin saw modest gains early Monday, while several other cryptocurrencies outpaced it—benefiting from a wave of momentum sparked by recent legislative developments in Washington. Investors appear to be rotating into digital assets that may stand to gain more directly from the evolving regulatory landscape. Bitcoin’s price rose 1% over the past 24 hours, trading near $119,194. Last week, the world’s largest cryptocurrency surged to a record high of $123,166 amid enthusiasm during what some dubbed “Crypto Week,” as several crypto-focused bills advanced through Congress.
In contrast to Bitcoin’s modest climb, major altcoins were on the move. Ether jumped 3.5%, XRP gained 3.1%, Solana surged nearly 7%, and Dogecoin—one of the more popular memecoins—was up almost 2%.
The rally comes on the heels of new legislation signed into law Friday by President Donald Trump. The GENIUS Act establishes federal oversight of stablecoins—digital tokens pegged to the value of real-world currencies like the U.S. dollar. The law mandates that stablecoin issuers hold reserves on a one-to-one basis in U.S. dollars or Treasury securities, and it explicitly bans stablecoins that pay interest.
“The GENIUS Act’s ban on yield-bearing stablecoins is driving institutional interest into Ethereum, which largely provides the network for stablecoins,” wrote Deutsche Bank analyst Marion Laboure in a research note on Monday.
Yet, many analysts say the Clarity Act may have even broader implications. This bill seeks to resolve the long-standing question of whether cryptocurrencies should be classified as commodities or securities—and which federal agency would regulate them. Although the House approved it last Thursday, the bill still needs to pass the Senate.
The future trajectory of Bitcoin could hinge on how swiftly the Clarity Act progresses through the Senate, particularly ahead of the August congressional recess. Another potential catalyst looms Tuesday, when a presidential working group is expected to issue new crypto policy recommendations. Among the possibilities: a proposal to create a strategic reserve of Bitcoin.
In other news, Trump Media is pushing forward with its bold pivot into cryptocurrency, deepening its financial ties to Bitcoin as the regulatory landscape shifts in its favor. “We’re rigorously implementing our publicly announced strategy and fulfilling our bitcoin treasury plan,” said Trump Media CEO and President Devin Nunes in a press release. “These assets help ensure our company’s financial freedom, help protect us against discrimination by financial institutions, and will create synergies with the utility token we’re planning to introduce across the Truth Social ecosphere.” The company revealed it has also committed an additional $300 million to an “options acquisition strategy for bitcoin-related securities,” reinforcing its aggressive approach to building a digital asset portfolio.
This escalation in crypto investment comes as Washington, D.C. moves toward establishing clearer and more favorable regulations for the industry. On Friday, President Donald Trump signed into law the GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins), the first federal framework for stablecoins backed by the U.S. dollar. The bill offers a sweeping green light for dollar-backed digital assets, a move expected to accelerate mainstream adoption.
Already, Trump’s influence in the space is growing. World Liberty Financial, a new crypto startup backed by the president and his sons, has launched USD1, a U.S. dollar-pegged stablecoin developed in partnership with crypto custody giant BitGo. The legislative and corporate activity is part of a broader strategy Trump Media unveiled in May to raise $2.5 billion for a Bitcoin treasury. The company is using a mix of public equity and debt issuance to rapidly accumulate Bitcoin—emulating the strategy pioneered by Michael Saylor’s firm, MicroStrategy (now called Strategy).
Beginning in 2020, Saylor transformed his business software company into a crypto titan by aggressively converting its balance sheet into Bitcoin. The playbook has since been adopted by dozens of firms, some with links to current or former White House advisors, while others have opted to build reserves in assets like Ethereum.
While such moves have occasionally led to dramatic stock surges, they’ve also drawn intense scrutiny. Skeptics—especially short sellers—warn that the model’s sustainability remains uncertain. Trump Media itself has experienced this volatility. Since announcing its Bitcoin treasury initiative in late May, the company’s stock has fallen 25%, and it is down 45% since the beginning of the year.
Monday, July 14, 2025 News Update
On Monday, as U.S. lawmakers prepare to perhaps enact regulatory amendments that might boost institutional demand, Bitcoin surged beyond $120,000 to a new record high. According to Coin Metrics statistics, the biggest cryptocurrency by market capitalization was trading at $121,855 at 9:17 a.m. ET. It hit $123,000 earlier in the session. With increased inflows into Bitcoin ETFs, the rally has seen Bitcoin hit fresh highs. With $1.18 billion in inflows on Thursday, Bitcoin ETFs saw their largest day of inflows in 2025.
“We believe that Bitcoin’s surge is driven by longer-term institutional buyers and this will propel it to $125k in the next month or two,” Jeff Mei, chief operating officer at cryptocurrency exchange BTSE, said in a statement sent to CNBC. “Trump’s trade disputes with the likes of the EU, Mexico, and other trading partners could cause dips in the week ahead, but it’s likely that Bitcoin’s institutional buyers are discounting this risk and maintaining their positions that Bitcoin will still appreciate in the long run.”
As corporate treasuries ramp up their bitcoin purchases and the US Congress gets closer to approving new crypto legislation, investors have been expecting Bitcoin to reach new heights this year. In what has been termed "Crypto Week," the U.S. House of Representatives will start discussing a number of cryptocurrency proposals on Monday. The purpose of the proposed legislation is to give the digital asset sector a more transparent regulatory environment. U.S. President Donald Trump, who has positioned himself as a pro-crypto president and is involved in multiple crypto projects, supports the policy, which the sector has long advocated.
The Genius Act, which could create legal safeguards for U.S. dollar-pegged stablecoins and open the door for private entities to produce digital dollars, is one of the most important measures now being considered.
“Long-term holders are locking up supply, while global policy clarity — especially around stablecoins and crypto legislation — has boosted investor confidence and capital inflows,” Xu Han, director of the Liquid Fund at HashKey Capital, said in a statement to CNBC.
Markus Thielen, CEO of 10x Research, stated on CNBC's "Access Middle East" that during the past six to eight weeks, institutional and corporate investors have bought $15 billion worth of Bitcoin ETFs. "On the other hand, it seems that retail investors did not participate in the most recent rally," he continued.
Thielen disclosed that 10x Research has set a year-end Bitcoin target range of $140,000 to $160,000; however, the biggest danger to this is the U.S. Federal Reserve's continued hawkish stance and additional interest rate hikes brought on by tariffs.
Monday, July 7, 2025 News Update
The “Big Beautiful Bill” was signed into law recently in the United States, as President Donald Trump touted the many different programs that are designed to power the growth of the United States going forward. The bill will also add an expected $3 trillion of debt and the debt ceiling will be raised by $5 trillion. The question is what will be the effects of the bill on the price of Bitcoin. James Toledano, chief operating officer at Unity Wallet, said in emailed comments that “The ‘big beautiful bill’s’ massive fiscal expansion may weaken the dollar and stoke inflation, potentially boosting bitcoin’s 'digital gold’ appeal.", Toledano is basically saying the same thing that Elon Musk said recently, as he said that the U.S. dollar “will be worth nothing if the U.S. doesn’t do something about its national debt.”
The Big Beautiful Bill is “one big red flag for fiscal sustainability and one big green flag for risk assets, especially crypto,” according to bitcoin and crypto investor Lark Davis. He said in an emailed note that "this is exactly why we buy bitcoin." He went on to add that “Bitcoin has historically delivered double-digit gains in the weeks after big spending bills. Bitcoin jumped 38% when Trump signed a major spending bill in late 2020. If Bitcoin’s price action were to repeat again, this time it would send the price to $150,000.”
Elon Musk, who was touting all of the government spending reduction while heading DOGE, was very upset with the bill that passed last week and said that he is starting his own political party called the “America Party." Musk had a falling out with Trump over the increase in the U.S. debt ceiling in his hallmark bill. Musk's stern warnings about the soaring $37 trillion U.S. debt pile were a major component of his campaign to re-elect Trump last year. Bitcoin and cryptocurrency analysts are now forecasting a bitcoin price explosion due to the U.S.'s "massive fiscal expansion," as the price of bitcoin is poised to surpass "trillions and trillions."
“Nothing stops this train,” Lyn Alden, a financial commentator and founder of Lyn Alden Investment Strategy, said during this year’s bitcoin conference in Las Vegas, to describe the U.S. deficit that added almost $2 trillion to the U.S. debt last year. Investors are worried about where things go from here. David Friedberg, a host of the All In Podcast said that "We are in a fiscal emergency in this country and we’re not addressing it." After massive government expenditure during the COVID-19 pandemic and lockdowns, the United States' debt has risen dramatically in recent years. Interest rates were quickly raised to control inflation, which further increased the expense of servicing the country's $37 trillion debt.
History
In January 2009, Bitcoin was created by Satoshi Nakamoto. The identity of Nakamoto remains hotly debated to this day, but that person or group changed the world with this invention. Like many major breakthroughs, it took a while for people to grasp why Bitcoin was special. Bitcoin was created in the midst of the banking crisis, and one of its major goals was to give people another option to buy and sell products outside of a heavily regulated and centralized banking system.
The first entities to fully embrace Bitcoin were black market enterprises like Silk Road. For a while, Bitcoin became synonymous with the notorious website, but its use became more and more widespread starting in 2013.
That led to the price of Bitcoin skyrocketing and reaching incredible heights in 2017. On January 1, 2017 a single Bitcoin was worth $998, but that price rose by nearly 20-fold near the end of the year, hitting an all-time high of $19,666 on December 17, 2017. Bitcoin has left those prices in the dust in 2021, as the price of Bitcoin is approaching $50,000.
Stability
One of the major criticisms of Bitcoin is that the currency wildly fluctuates and that has proven to be true in 2021. As Bitcoin has become more accepted and understood, investors are getting a better understanding of what leads to price changes, and that has led to the Bitcoin market looking a lot like the stock market.
Security
There have been fears over how secure Bitcoin is over the years, but transactions are even more secure as they are in the traditional marketplace thanks to blockchain technology.
Whereas we are constantly hearing stories of companies having their databases hacked and identities being stolen, the nature of blockchain presents this from happening with Bitcoin.
For a transaction to occur, the sender must know their private key and digitally sign the transaction, and the signature must be verified by the network using the public key. The number of private keys makes it nearly impossible to hack into another person’s account, but there is one thing to keep in mind. You MUST keep your private key backed up somewhere or else you will lose access to your Bitcoin. Don’t make the mistake of not backing up your private key and risk losing your hard earned money.
How do I buy Bitcoin?
You can buy Bitcoin by using one of the major currency exchanges such as Coinbase or Gemini. These exchanges allow you to use a credit or debit card or bank transfer to buy Bitcoin. You can then send Bitcoin to your sportsbook account and you can withdraw Bitcoin from your sportsbook account to your digital wallet.
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