However, the cryptocurrency isn't being adopted by central banks just yet.

The live Bitcoin price today is $67,325, reflecting a 1.43% decline in the last 24 hours, with a trading volume of $26.85 billion. Bitcoin remains the top-ranked cryptocurrency with a market cap of $1.33 trillion.

Bitfarms, a global Bitcoin mining company, confirmed on May 28 that it received and rejected an acquisition proposal from Riot Platforms on April 22, 2024.

BlackRock’s iShares Bitcoin Trust has taken the lead as the world’s largest fund for Bitcoin, accumulating nearly $20 billion in total assets since its listing in the United States earlier this year.

Despite hawkish remarks from Federal Reserve officials and stronger-than-expected U.S. economic data, which have reduced the likelihood of a Fed rate cut, Bitcoin (BTC) has managed to regain some traction. The cryptocurrency edged slightly higher, reaching around $67,785 and hitting an intraday high of $68,848.

Bitcoin bulls have little to worry about regarding the BTC price uptrend, according to QCP Capital. The recent movement of coins from the defunct exchange Mt. Gox, which led to a 2% drop in BTC prices, is seen as a temporary setback rather than a significant shift in market trajectory.

Bitcoin (BTC) remains traded bearish, holding around $67,750, with an intraday low of $67,500 amid Mt. Gox wallet transfers. The recent declines follow the news of Mt. Gox transferring 42,909 BTC, valued at $2.93 billion, to an unknown wallet as part of preparations to repay creditors by October.

MicroStrategy head and Bitcoin advocate Michael Saylor has highlighted major Bitcoin ETF milestone in his recent X (Twitter) post. He noted that more than 1 million (or 1 Nakamoto) BTC are held in spot Bitcoin exchange-traded funds (ETFs).

As the deadline for President Biden’s decision on the SEC’s cryptocurrency regulations approaches, Bitcoin’s market response remains cautious. Currently trading at $68,400, the cryptocurrency has experienced a slight decline of 0.50%.

The Bitcoin white paper has made its way back to the Bitcoin.org website following Craig Wright’s unsuccessful attempt to prove his identity as Satoshi Nakamoto, the pseudonymous creator of the Bitcoin protocol.

Ex-US President Donald Trump rallies behind cryptocurrencies, embracing “all things related to this new and burgeoning industry.”

Argentinian regulators have been talking to their counterparts in El Salvador about Bitcoin (BTC) adoption, the National Securities Commission of Argentina (CNV) confirmed this weekend.

Bitcoin (BTC/USD) is currently trading at $69,088, reflecting a slight decline of 0.33%, signalling a bearish Bitcoin price prediction.

As Bitcoin tumbles following the SEC’s approval of ether ETFs, market analysts are closely monitoring the next key levels. Bitcoin’s price prediction indicates a potential bullish trend, with BTC/USD currently trading at $69,042.

Bitcoin whales, large holders of the cryptocurrency, have shown an increased appetite for accumulating more coins, signaling a return of confidence in the bull market, as per blockchain data.

Bitcoin (BTC), the leading cryptocurrency, struggled to halt its previous bearish trend, hovering around the $67,824 mark and hitting an intra-day low of $66,600. The decline intensified following the release of robust US labor market and Services PMI data, which reduced investor expectations of a September Fed rate cut and decreased demand for riskier assets.