Senior macro strategist at Bloomberg Intelligence, Mike McGlone, has warned that Bitcoin may face challenges this year due to an impending US economic recession. McGlone believes that risk assets, including cryptocurrencies, may struggle during a recession, and that Bitcoin's liquidity may be negatively affected.

U.Today now offers Investing.com's cryptocurrency price widgets to its visitors, providing them with real-time data on Bitcoin and other popular altcoins. The widgets display pricing against fiat currencies and stablecoins, as well as 24-hour changes in prices and percentage changes. In addition to the widgets, U.Today's Price Index section features analysis of short-term performance, TradingView charts, and CryptoCompare tabs.

Bitcoin could experience a surge in price due to the weakening of the US dollar, which has fallen to a three-month low. While Bitcoin's inverse correlation to the dollar has weakened this year, its recent movements have caught the attention of traders.

Telegram's integrated crypto and payment solution, Wallet, is launching Wallet Pay, which allows for Bitcoin, Tether, and Toncoin payments within the messaging app. Users can make instant and secure payments for goods and services with just a few taps.

Ethereum, Solana, and Cardano topped the first institutional-grade crypto ESG ranking, while Bitcoin lagged due to its heavy energy usage, according to a report by CCData and the Crypto Carbon Ratings Institute. The report evaluated 40 of the largest digital assets based on parameters such as decentralization, security, and climate impact.

Despite the recent decrease in US inflation, Bitcoin has not experienced a rally like US equities and the global market. While major US indices reached 15-month highs, Bitcoin has fallen 1.28% in the last 24 hours and is currently trading at $30,358. Market analyst Tony Sycamore warns investors to be cautious, stating that Bitcoin's recent surge has stalled and could possibly fall to $25,000-$26,000.

Venture capitalist Tim Draper has reiterated his prediction that Bitcoin will reach $250,000, but has shifted the timeline to 2025 due to the US government's crackdown on crypto.

The approval of a Bitcoin spot ETF in the US is facing a new obstacle as SEC Chairman Gary Gensler has raised doubts about Coinbase's surveillance sharing agreement (SSA) and its role in the approval process.

Bitcoin's value remains above $30,000 despite a slight drop in the US inflation gauge, the Consumer Price Index (CPI), which hit its lowest yearly level in June. The CPI increased by 3% from the previous year, down from 4% a month earlier, with goods and services rising by 0.2% month-over-month.

Mike Novogratz, a billionaire in the cryptocurrency industry, predicts that Bitcoin will experience significant growth by the end of 2023. Novogratz believes that Bitcoin's current consolidation phase, which is between $28,000 and $32,000, will lead to a substantial increase in value.