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Bitcoin market analysis: Grayscale report signals bull run continuation

Bitcoin

The last market description from Grayscale shows that Bitcoin (BTC ) is in the middle of a bull run right now. The latest report from Grayscale supports the strong sentiment of the crypto due to both the fundamental and technical factors that are currently ongoing. Precursors of bull market GrayScale’s research identifies a few causes […]

GoMining to Introduce Updated In-Platform Voting Mechanics

Road Town, Tortola, British Virgin Islands, March 27th, 2024, Chainwire GoMining, a world-leading firm widely recognized for its groundbreaking concept of seamlessly mining Bitcoin via the ownership of NFTs backed by computing power, is pleased to announce the introduction of an updated community-driven in-platform voting system. From now on, every community member will have the […]

Bitcoin mining company faces lawsuit over environmental pollution

Bitcoin

In Pennsylvania, the community group Save Carbon County has initiated a contested legal case against the Bitcoin mining firm Stronghold Digital Mining. This lawsuit is levied based on the claims that Stronghold simply trades for environmental pollution around its community by burning old coal from waste mines and old tires as power sources for their […]

Bitcoin faces moderate correction amidst declining bullish sentiment

Bitcoin

BTC changed to $68,430 after triumph with $71,000 by a market correction on March 27. It was a moderate decrease. Bitcoin traders have given the signal of waning bullishness over the last week. Hence, this indicates a short-term downtrend and uncertainty regarding the $69,000 level as the support level. Even before March 27th’s looming Ethereum […]

OPZ Launches AI-Powered Wallet on iOS/Android and Raises $200K+ Within Hours

Singapore, Singapore, March 26th, 2024, Chainwire OPZ Token ($OPZ) is an all-in-one solution that combines a wallet on iOS & Android, decentralized exchange, advanced AI trading, and NFC technology. It provides 1,000,000,000 tokens for traders. Using ERC-20, this token employs powerful AI trading technology to handle users’ trades. Traders buy and hold the tokens, AI system […]

DeMi Platform Announces a Strategic Partnership with BitCluster

Addis Ababa, Ethiopia, March 26th, 2024, Chainwire DeMi, an innovative tokenized mining platform, has announced a partnership with BitCluster, a leading mining solutions provider, and this is an important step to expanding the capacity for both companies. DeMi, an innovative tokenized mining platform revolutionizing the industry, has announced a strategic partnership with BitCluster, a leading […]

Robert Kiyosaki stirs debate with Bitcoin ponzi scheme concerns

Bitcoin

In a recent statement on X, a popular social media platform, Robert Kiyosaki, the investment guru behind “Rich Dad, Poor Dad,” expressed concerns over Bitcoin. He mentioned the possibility of Bitcoin being a scam and a Ponzi scheme. His comments have sparked a discussion among investors and cryptocurrency enthusiasts. Despite these concerns, Kiyosaki did not […]

Financial guru Robert Kiyosaki to add 10 Bitcoin to portfolio by April

Robert Kiyosaki

Robert Kiyosaki, the financial literacy educator and author of the best-selling book “Rich Dad Poor Dad,” announced plans to purchase 10 Bitcoin (BTC) by April. The decision underscores his growing admiration for Bitcoin as an investment vehicle. Robert Kiyosaki’s investment, valued at approximately $670,000 based on current prices, highlights his belief in Bitcoin’s potential. He […]

Bitcoin shows resilience amidst market volatility, gains modestly

Bitcoin

Bitcoin (BTC) demonstrated resilience in the face of market volatility over the weekend, posting a modest gain of 0.3. The leading cryptocurrency closed the session at $65,587.76 partially recovering from a 2.57% loss incurred. Grayscale Bitcoin Trust outflows ease, contributing to modest gains The decline in outflows from the Grayscale Bitcoin Trust (GBTC) provided a […]

Bitcoin ETFs impact market dynamics, analysts note

Bitcoin

In the ever-evolving landscape of the Bitcoin market, analysts are closely observing the impact of Exchange-Traded Funds (ETFs) alongside traditional factors like halving cycles. Marcin Miłosierny, a crypto analyst at Glassnode, sheds light on the shifting dynamics and advises traders to adapt their strategies accordingly. ETFs vs. halving: A new equation Miłosierny emphasizes that the […]

Bitcoin ETF market eyes resurgence amid price dip

Bitcoin

As Bitcoin (BTC) experiences a price dip, market analysts anticipate a potential resurgence in the spot Bitcoin exchange-traded fund (ETF) market. With new data and insights from industry leaders, the market’s response to BTC’s price movements is under scrutiny. BTC Price correction spurs ETF interest Recent data suggests that the spot Bitcoin ETF market could […]

Bitcoin faces GBTC outflows, but predictions signal potential price rebound

Bitcoin

The Bitcoin market has recently encountered challenges as the Grayscale Bitcoin Trust (GBTC) experienced significant outflows, leading to investor concerns. However, predictions suggest a potential turnaround in BTC price action following next week. GBTC outflows prompt concerns In recent days, the GBTC has witnessed substantial outflows, with March 22 alone seeing a loss of $170 […]

Analyst warns of bearish bias as Bitcoin faces hurdles

Bitcoin

In the realm of cryptocurrency markets, Bitcoin‘s journey to reclaim its all-time high above $73,000 has encountered significant hurdles, with the asset currently trading below the $70,000 mark.  The anticipation surrounding the upcoming halving event has added to the uncertainty, prompting some market analysts to issue bearish price predictions.  Notably, cryptocurrency trading expert Alan Santana […]

Bitcoin set for the worst weekend since August 2023

Bitcoin

Bitcoin is currently facing its worst week since August as demand for exchange-traded funds (ETFs) linked to the cryptocurrency has faltered. The price of Bitcoin has declined by more than 10% from its recent all-time high amid moderating appetite for spot Bitcoin ETFs.  This downturn comes as dedicated US ETF demand dries up, prompting concerns […]

Crypto analysts can’t seem to narrow down the exact Bitcoin halving date – Here’s why

Bitcoin

Bitcoin halving events occur approximately every four years, but the exact timing of each halving is uncertain due to the nature of the Bitcoin network.  Bitcoin’s protocol adjusts the difficulty of mining every 2016 blocks, aiming to maintain an average block time of 10 minutes. However, network activity variations can cause block time fluctuations, affecting […]

El Salvador sets the pace on what Bitcoin adoption is really like

El Salvador

In recent times, El Salvador has made significant headlines by doubling down on its commitment to Bitcoin. Despite market fluctuations and potential profit opportunities, the Central American nation, under the leadership of President Nayib Bukele, has shown unwavering support for the cryptocurrency.  This strategic move includes not only retaining but actively increasing the country’s Bitcoin […]

Bitcoin slides amid stronger U.S. dollar: Altcoins show mixed performance

Bitcoin

Bitcoin experienced a 5% decline on Thursday, dipping to $64,600 from its earlier position above $68,000. The drop followed a surge on Wednesday, prompted by a dovish stance from the Federal Reserve. Concurrently, the CoinDesk 20 Index (CD20) also saw a 3.5% decline from its peak, with altcoins generally outperforming bitcoin throughout the day. Altcoins […]

Bitcoin rebounds after testing key support level

Bitcoin

Bitcoin, the leading cryptocurrency, has shown resilience after retesting a significant support level, sparking optimism among investors. On-chain data indicates that Bitcoin experienced a notable price drop, reaching a low of $60,600, before embarking on a sharp recovery. Analysts point to the Adjusted Spent Output Profit Ratio (aSOPR) as a crucial metric signaling market dynamics […]

Bitcoin Halving to Test Mining Efficiency, Executives Warn

Bitcoin

As the Bitcoin halving approaches, industry executives anticipate significant challenges for smaller and less efficient miners, while well-established players are poised to weather the storm with operational efficiency and capital access. Impact on profitability and network fees In less than a month, Bitcoin miners will experience a reduction in block rewards, expected to substantially dent […]

A New Meme Coin Inspired by Shrek’s Iconic Character Launches Presale

Dublin, Ireland, March 22nd, 2024, Chainwire As interest in meme coins grows among enthusiasts on the Solana blockchain, the introduction of new meme coins reflects the evolving landscape of digital currencies. The Solana blockchain, known for its efficient transaction processing and low fees, has become a popular platform for these unique digital assets. The appearance […]

Bitcoin faces decline as BTC ETF interest wanes, says JPMorgan

Bitcoin

JPMorgan strategists have issued a warning that Bitcoin may continue to see its price decline. This is because Bitcoin has retraced over 10% from its peak. Interest in spot Bitcoin ETFs has also diminished. In a recent report, strategists led by Nikolaos Panigirtzoglou observed significant outflows from Bitcoin ETFs. This marked the largest three-day withdrawal […]

MetaWin Raises the Bar for Transparency in Online Gaming

London, UK, March 22nd, 2024, Chainwire MetaWin, a leading platform for online prize-winning games, has introduced a groundbreaking initiative focused on enhancing transparency and fairness for players globally. After extensive research, MetaWin identified inconsistencies in Return to Player (RTP) rates among different operators, causing confusion among players. Understanding RTP is crucial for players looking to […]

Bitcoin bull cycle continues despite recent dip; analysts predict price surge

Bitcoin

A recent analysis by an on-chain data analytics firm indicates that Bitcoin’s bull cycle remains intact despite a 13% decline in BTC value from its latest peak. The dip from $73,835 to just above $60,000 is viewed as a “pre-halving retrace,” signaling potential resilience in Bitcoin’s trajectory. Investment trends favor a bullish outlook According to […]

Apple Co-founder Steve Wozniak triumphs in court against YouTube in Bitcoin scam case

Apple Co-founder Steve Wozniak triumphs in court against YouTube in Bitcoin scam case

Apple co-founder Steve Wozniak has secured a victory in an appeals court against YouTube concerning doctored videos that used his likeness in a Bitcoin scam back in 2020. According to a report by Bloomberg, the San Jose appeals court reversed a lower court’s decision that had previously exonerated YouTube from any wrongdoing. The case centers […]

Web3 Base Layer – Mystiko.Network Completed a 18 Million USD Seed Funding Round

BVI, BVI, March 20th, 2024, Chainwire Mystiko.Network, the leading Base Layer of Web3, has completed a 18 Million USD seed funding round led by Sequoia Capital India/SEA (now known as Peak XV Partners), with participation from Samsung Next, Hashkey, Mirana, Signum, Coinlist, Naval Ravikant, Sandeep Nailwal, Gokul Rajaram, Tribe Capital, Morningstar Ventures, etc.  In less […]

Bitcoin adoption soars in Argentina amid economic turmoil

Bitcoin

In response to Argentina’s staggering inflation rate of 276%, citizens are increasingly turning to Bitcoin as a safeguard against economic instability, marking a notable shift in financial strategy. The surge in Bitcoin purchases comes amidst a decline in the traditional practice of exchanging pesos for dollars, which historically served as a hedge against inflation in […]

Bitcoin ETFs experience historic outflows amidst price decline

Bitcoin

On March 19, United States spot Bitcoin exchange-traded funds (ETFs) faced a significant setback, marking their largest collective outflow day on record. As Bitcoin prices dipped to approximately $62,000 during U.S. trading hours, investors pulled out a staggering $326 million from the 10 funds, reflecting a growing unease in the market. Grayscale’s GBTC nearing depletion […]

Memeinator Presale Enters Into Final Stage With Over 96% Tokens Sold

London, United Kingdom, March 20th, 2024, Chainwire Memeinator’s presale has entered its final stage with 4% of the total supply of tokens remaining before it becomes available for public trading. The team has observed the presale’s impact among meme coin enthusiasts, driven by its Terminator-inspired branding and ambition to lead in the meme coin market. […]

Bitcoin plummets below $63,000, wiping out $533 million in long contracts

Bitcoin

Bitcoin, the flagship cryptocurrency, has experienced a significant downturn, plunging below the $63,000 mark, shedding more than 15% of its value since reaching an all-time high (ATH) of over $73,800. In the past 24 hours, Bitcoin’s price has dropped by over 7%, marking a stark reversal from its recent bullish momentum. The cryptocurrency’s latest drawdown […]

Bitcoin ETF outflows hit record highs amidst market volatility

Bitcoin

In a significant turn of events, Grayscale’s Bitcoin Trust (GBTC) has witnessed its largest day of outflows since its conversion to a spot Bitcoin exchange-traded fund (ETF) on January 11. On March 18 alone, more than $640 million worth of Bitcoin flowed out of the fund, marking a notable shift in investor sentiment. This surge […]

Oklahoma leads US with groundbreaking Bitcoin rights bill

Bitcoin

In a significant development, Oklahoma has passed a landmark bill. This bill aims at protecting the rights of Bitcoin users. It marks the state as the 12th in the United States to undertake such a legislative initiative. The move is a considerable victory for the cryptocurrency community. This comes amidst increased scrutiny from federal entities […]

Standard Chartered Elevates Bitcoin Forecast to $150,000 Amid ETF Inflows

Standard Chartered Elevates Bitcoin Forecast to $150,000 Amid ETF Inflows

In a significant update to its financial forecasts, Standard Chartered Bank has revised its Bitcoin price prediction, setting a new target of $150,000 by the end of the year.  This adjustment from the previously estimated $100,000 underscores the bank’s bullish outlook on the cryptocurrency, fueled by the strong performance of recently launched spot Bitcoin exchange-traded […]

Bitcoin faces potential impact amid key U.S. events

Bitcoin

Bitcoin, the leading cryptocurrency, is poised for potential fluctuations this week as several significant events unfold in the United States.  These events, ranging from economic data releases to Federal Reserve announcements, could sway investor sentiment and affect the digital currency’s price trajectory.** Key Economic Indicators Affecting Bitcoin The Federal Reserve’s decision on interest rates, scheduled […]

Groundbreaking New AI Trading Bot Hits $1M Raised in ICO

London, United Kingdom, March 18th, 2024, Chainwire The Bitbot presale continues at pace, with the raise now having passed $1 million in under 8 weeks – fuelled by an increased interest in AI and trading technology that has shed a spotlight on this innovative new approach to trading. Bitbot is looking to dominate the up-and-coming […]

Bitcoin traders anticipate early-week rebound opportunity

Bitcoin

Amid a volatile weekend, Bitcoin (BTC) traders are closely watching the crucial support level around $60,000 as the cryptocurrency faces significant selling pressure, resulting in a notable price decline.  Despite the recent sell-off, market sentiment remains cautiously optimistic as traders anticipate potential price recovery driven by various factors, including institutional interest and the emergence of […]

Bitcoin rally sparks surge in NFT market: NodeMonkes leads the way

Bitcoin

In the wake of a significant relief rally in the cryptocurrency market, Bitcoin has once again asserted its dominance, igniting a surge in the non-fungible token (NFT) sector. Notably, this rally has propelled staggering price gains for Bitcoin-based NFTs, with NodeMonkes emerging as a standout performer. Bitcoin rally fuels NFT market surge In the past […]

Bitcoin ETF approval spurs debate among crypto community and financial figures

Bitcoin

The recent approval of Bitcoin Spot Exchange-Traded Funds (ETFs) by the United States Securities and Exchange Commission (SEC) on January 11 has marked a significant milestone in the cryptocurrency market. However, despite this development, divergent opinions persist within the crypto landscape, with notable figures expressing reservations about these exchange products. Bianco Research founder, comments on […]

Bitcoin market correction is just getting started – Fed rate outlook in sight

Bitcoin

The Bitcoin market has been experiencing a period of correction, signaling a potential shift in the cryptocurrency’s value. This correction phase is gaining momentum, prompting investors and analysts to closely monitor the market’s behavior and identify possible contributing factors.  Additionally, the imminent outlook of the Federal Reserve’s interest rates adds another layer of complexity to […]

5 things to know about Bitcoin and the crypto markets this week

Bitcoin

This week has unfolded some intriguing developments in the crypto space, particularly in the domain of Bitcoin-Spot Exchange-Traded Funds (ETFs), a pivotal area for both institutional and retail investors. Amidst a backdrop of fluctuating prices for Bitcoin (BTC), the resilience and strategic movements within the BTC-Spot ETF market have caught the eyes of many.  Bitcoin […]

Bitcoin faces selling pressure after reaching new all-time highs

Bitcoin

Bitcoin (BTC) experienced a significant downturn in price, reaching new lows of $64,522 on Bitstamp, as reported by TradingView. After hitting record highs, the cryptocurrency faced notable sell-side pressure, leading to lower lows and failed rebounds. The offloading trend intensified ahead of the eagerly awaited weekly candle close. Popular trader Skew provided insights into potential […]

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