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Miners continue to offload Bitcoin as the halving event draws close

Miner

As the cryptocurrency mining landscape continues to evolve, miners are facing a multitude of challenges and opportunities. The recent decline in Bitcoin holdings among them underscores the dynamic nature of this sector and the strategies employed by industry participants to navigate changing market conditions. Miners under pressure to optimize their operations One significant factor influencing […]

Bitcoin Price Prediction 2024-2033: Will Bitcoin Bulls Rally?

bitcoin price

BTC Price Predictions 2024-2033 How much is Bitcoin (BTC) worth? Today, the price of Bitcoin stands at $62,855, with a trading volume over the past 24 hours reaching $24 billion. Its market capitalization is $1 trillion, and it currently commands 54% of the market share. Over the last 24 hours, the BTC price has experienced […]

Bitcoin Ordinals on the rise amid the upcoming halving event

Bitcoin Ordinals

The resurgence of Bitcoin Ordinals, NFT-like inscriptions on individual satoshis within the Bitcoin blockchain, has captivated the cryptocurrency community amidst Bitcoin’s remarkable surge in value. Recent data from CryptoSlam reveals a notable uptick in sales across major Ordinals marketplaces, with transactions exceeding $19.7 million on a single day. Bitcoin Ordinals resumes resurgence This surge represents […]

Anthony Scaramucci counters James Dimon’s opinion on Bitcoin

Former FTX employees launch new crypto exchange Backpack

SkyBridge Capital founder Anthony Scaramucci has countered the points raised by JP Morgan CEO James Dimon concerning the leading digital asset Bitcoin. Concerns over the current state of fiscal policies and skepticism regarding the market’s sustained optimism for a “soft landing” have been voiced by Jamie Dimon. SkyBridge Capital founder challenges Dimon’s stance Speaking at […]

Peruvian stock exchange announces spot Bitcoin ETF listings

Peru

The Lima Stock Exchange (BVL), a pivotal institution in Peru’s financial landscape, has made a significant stride by announcing the inclusion of three Bitcoin spot exchange-traded fund (ETF) instruments on its trading platform. This strategic move expands investment opportunities for traditional investors in the country and signals a growing acceptance of digital assets within the […]

MicroStrategy’s Bitcoin stash hits $10 billion amidst new purchases

MicroStrategy

MicroStrategy, under the unwavering guidance of its staunch Bitcoin maximalist leadership, has once again demonstrated its firm commitment to the premier cryptocurrency by acquiring an additional 3,000 BTC for approximately $155.4 million in cash over the past ten days, as disclosed in a recent U.S. federal government filing. MicroStrategy purchases new Bitcoin stash This latest […]

CBDC Plan Encounters Firm GOP Senatorial Resistance

CBDC

CBDC, a coalition of Senate Republicans spearheaded by the formidable Sen. Ted Cruz, has embarked on a concerted campaign aimed at reining in the expansive powers of the Federal Reserve in its prospective launch of a Central Bank Digital Currency. This maneuver is paramount as it sets the stage for a pivotal discourse in the […]

Bitcoin Forms Megaphone Pattern, Potential Rally Towards $60,000

Bitcoin Forms Megaphone Pattern

Bitcoin (BTC), the flagship cryptocurrency, paints a compelling picture on its daily chart, a megaphone pattern signaling a potential surge toward the coveted $60,000 milestone. This technical formation, spotted by esteemed crypto analyst Ali Martinez, hints at promising possibilities if BTC maintains crucial price levels. Martinez’s analysis underscores the significance of BTC holding above $50,000 […]

Satoshi Nakamoto’s emails reveal early Bitcoin vision

Satoshi Nakamoto

The ongoing legal dispute between the Crypto Open Patent Alliance (COPA) and Craig Wright, the self-proclaimed inventor of Bitcoin, is providing valuable insights into the early days of the cryptocurrency through a series of released emails attributed to Bitcoin’s pseudonymous creator, Satoshi Nakamoto. Satoshi Nakamoto’s emails provide valuable insights The latest batch of emails, spanning […]

European Central Bank officials discuss the value of Bitcoin

Europe

European Central Bank (ECB) officials Ulrich Bindseil and Jürgen Schaaf have remained steadfast in their skepticism towards the recent approval of spot Bitcoin ETFs in the United States. Despite the Securities and Exchange Commission’s nod to 11 spot Bitcoin ETFs in January, which subsequently attracted over $3 billion in net flows and more than $1 […]

Robert Kiyosaki makes a shocking Bitcoin prediction

Robert Kiyosaki

Renowned author Robert Kiyosaki, known for his bestselling book “Rich Dad Poor Dad,” has once again made bullish predictions regarding the price of Bitcoin. In a recent social media post, Kiyosaki forecasted that Bitcoin’s price would surge to $100,000 by June 2024. This projection aligns with his previous optimistic outlook on BTC’s trajectory, as well […]

Google Trends show a decline in BTC interest as it hits $52K

Google

In recent times, Bitcoin’s value surged to $52,545, yet public fascination with the cryptocurrency appears to be waning. Google Trends data reveals a subdued level of interest, with the search term “bitcoin” scoring only 36 out of 100 in global metrics over the last 90 days. This is a stark contrast to the excitement seen […]

Bitcoin network prepares for a significant increase in its difficulty

Bitcoin

The upcoming Bitcoin difficulty adjustment scheduled for February 15, 2024, is anticipated to bring a substantial increase in the network’s complexity for miners. This projected rise, estimated to range between 8.45% and 9.2%, would represent the most significant difficulty surge witnessed in 2024 thus far. Bitcoin difficulty is set to undergo a significant increase In […]

Ethiopia Becomes New Hub for Chinese Bitcoin Miners

Russian firm BitCluster to establish 120 MW Bitcoin mining center in Ethiopia

Ethiopia has emerged as the new sanctuary for Chinese Bitcoin miners due to the quest for sustainable, cost-effective energy sources. Ethiopia’s embrace of Bitcoin mining amidst global scrutiny over energy consumption marks a pivotal chapter in the crypto narrative. Spring witnessed an intriguing development near Ethiopia’s Grand Ethiopian Renaissance Dam. Cargo containers housing high-powered computers […]

UK High Court: Craig Wright Presents Case in Bitcoin Creator Claim

Craig Wright

In a significant development today, the UK High Court witnessed the presentation of the case by Craig Wright, who claims to be the elusive creator of Bitcoin, Satoshi Nakamoto. Wright has been asserting his association with Bitcoin since 2016, but substantial evidence supporting his claims has remained elusive. The Crypto Open Patent Alliance (COPA) trial […]

Bitcoin tipped to reach $240,000 after its upcoming halving

Bitcoin

As Bitcoin enthusiasts eagerly anticipate the upcoming halving event in April 2024, market analysts, including Scott Melker, also known as the “Wolf of All Streets,” have been sharing insights into how this event could influence the cryptocurrency’s price. Scott Melker discusses Bitcoin’s future post-halving Melker, a prominent trader, investor, and host of the Wolf of […]

Ark Invest highlights triggers of Bitcoin’s price in 2024

Ark Invest

Ark Investment Management’s “Big Ideas 2024” report sheds light on pivotal factors set to influence Bitcoin’s trajectory throughout the year. The firm emphasizes Bitcoin’s evolution from a speculative instrument to a strategic investment within diversified portfolios. The comprehensive analysis delves into technological convergence and its potential to reshape industries and economies. Ark Invest discusses Bitcoin’s […]

Core Scientific reveals its Bitcoin mining numbers in 2023

Core Scientific

In 2023, Core Scientific emerged as the largest publicly listed cryptocurrency mining company in North America, having mined a substantial 19,274 Bitcoins valued at $812 million. The company, which operates across several states in the United States, including Georgia, Kentucky, North Carolina, North Dakota, and Texas, achieved this feat by mining 13,762 Bitcoins within its […]

Bitcoin gets stablecoin boost amid a massive spike in supply

Bitcoin

Bitcoin has recently experienced a significant surge, reaching two-year highs, and intriguingly, this surge appears to be correlated with a rise in stablecoin “buying power.” Glassnode’s Stablecoin Supply Ratio (SSR) oscillator, a tool that measures the ratio between Bitcoin’s market capitalization and the combined value of stablecoins, serves as an insightful indicator of the supply/demand […]

Bitcoin’s Taproot Adoption Skyrockets to 39% in a Year

Taproot

Bitcoin’s revolutionary Taproot upgrade has made a stunning leap in adoption, surging from a mere 1% to a formidable 39% in just one year. In an unprecedented turn of events, Bitcoin’s Taproot upgrade has witnessed an astonishing surge in adoption, demonstrating its growing prominence in the cryptocurrency landscape. Over the past year, Taproot has witnessed […]

Deutsche Bank survey result reveals insight into BTC’s future

Deutsche Bank

In a recent survey conducted by Deutsche Bank, a notable revelation emerged as over one-third of the 2,000 respondents expressed an anticipation of Bitcoin’s price dropping below $20,000. The survey, which spanned from January 15 to January 19, sought opinions from individuals in the U.S., U.K., and the Eurozone, focusing on their perspectives on Bitcoin’s […]

Bitcoin Could Soar to $170,000, Hedge Fund Veteran Anthony Scaramucci Predicts

Anthony Scaramucci

Hedge fund veteran Anthony Scaramucci, founder of Skybridge Capital, has made a bullish prediction for Bitcoin (BTC), suggesting that the cryptocurrency could experience a substantial rally in the near future. According to Scaramucci, Bitcoin might witness a “conservative” surge of over 300% in the coming months. Halving event ahead In a recent interview with crypto […]

Large Bitcoin Transfers to Coinbase Institutional Raise Market Speculation

Bitcoin transfers

In a recent development that has set the cryptocurrency world abuzz, massive Bitcoin transfers have been spotted heading to Coinbase Institutional from anonymous wallets, totaling over $900 million. Whale Alert, a renowned cryptocurrency tracker, has reported these four substantial transactions, totaling 9,783, 1,100, 3,000, and 7,798 Bitcoins, creating waves of speculation about institutional activity within […]

WEEKLY CRYPTO PRICE ANALYSIS: BTC, ETH, BNB, SOL, XRP, ADA, And DOGE

Crypto

Weekly crypto analysis reveals that most cryptocurrencies have been trading around the support levels, with bearish momentum dominating the market. Bitcoin and most major altcoins are plummeting, but the charts suggest a recovery could be around the corner. The BTC has dropped below $41k after a considerable sell-off. Buyers appear to be optimistic about the […]

Bitwise Bitcoin ETF receives inscription donations

Bitwise

Bitwise, a prominent asset management firm, recently made headlines by taking an unprecedented step in the world of cryptocurrency. On January 24, the company publicly disclosed the Bitcoin address associated with its spot Bitcoin exchange-traded fund (ETF). This marked a significant move, distinguishing Bitwise as the first among the ten spot Bitcoin ETF issuers to […]

Bitwise and Ark Bitcoin ETFs Surpass $500 Million Mark

Bitcoin ETF

In a significant development in the world of cryptocurrency, Bitwise and Ark spot Bitcoin ETFs have reached a combined total of $1 billion in assets under management (AUM). Bitwise holds approximately $490 million in Bitcoin, while Ark has surged ahead with $512 million. Bitwise and Ark are the first Bitcoin ETFs to achieve this milestone, […]

SEC Commissioner Hester Peirce : No Court Battle Needed for Spot Ether ETF Approval

Hester Peirce

In a recent statement, Securities and Exchange Commission (SEC) Commissioner Hester Peirce affirmed that spot ether exchange-traded funds (ETFs) won’t require legal battles for approval. Her remarks shed light on the SEC’s stance and the potential future of crypto-based ETFs. This development follows the SEC’s recent approval of multiple spot bitcoin ETFs, raising questions about […]

Bitcoin slides below $39,000 amid market selloff

Bitcoin

Bitcoin experienced a decline, dropping below $39,000 early Tuesday morning, influenced by the aftermath of ETF share selloffs. As of the latest update, the cryptocurrency was priced at $38,927, reflecting a 4.3% decrease from the previous day and a 9% decline from the week prior, according to CoinGecko. Bitcoin experiences a significant decline This downturn […]

Jim Cramer urges for caution amid spot Bitcoin ETF approval

Jim Cramer

In recent discussions on CNBC’s Mad Money show, host Jim Cramer expressed concerns about a potential bitcoin selloff, cautioning investors about the risks associated with investing in bitcoin and the newly approved spot bitcoin exchange-traded funds (ETFs). Despite his caution, Cramer acknowledged that he is not as opposed to these investment vehicles as SEC Chair […]

El Salvador report reveals Bitcoin adoption rate in 2023

El Salvador

El Salvador experienced a notable shift in the utilization of Bitcoin, with 12% of the local population engaging in cryptocurrency transactions for goods and services in 2023. This insight stems from an annual survey conducted by José Simeón Cañas Central American University, which interviewed 1,280 respondents in December 2023. El Salvador’s Bitcoin adoption figures explained […]

Greenpeace expresses concern over the approval of spot Bitcoin ETFs

Greenpeace

Greenpeace, an environmental defense organization, has expressed concerns over the recent approval of several spot Bitcoin exchange-traded fund (ETF) products by the U.S. Securities and Exchange Commission (SEC). The organization considers this approval a “watershed moment” as it believes it signifies the financial services industry’s increasing involvement in Bitcoin-produced pollution. Greenpeace argues against several ETF […]

Indiana announce plans to adopt the cryptocurrency rights bill

Indiana

Indiana is taking significant steps to safeguard the rights of its residents in the ever-evolving landscape of cryptocurrency. The recently introduced “Use of Digital Assets” bill (HB 1388) by Rep. Heath VanNatter in the Indiana General Assembly (IGA) marks a pivotal moment in the state’s approach to regulating and supporting the burgeoning cryptocurrency sector. Indiana […]

Binance research outlines the importance of BRC-20 tokens to Bitcoin

Binance Research

In its recent report, Binance Research has brought attention to the growing importance of BRC-20 tokens, asserting that it stands as one of the central narratives in the cryptocurrency space for 2023. This perspective is presented despite prevalent skepticism about the Ordinals’ place within the broader Bitcoin ecosystem. Binance research tips BRC-20 tokens to help […]

BlackRock’s spot Bitcoin ETF holding jumps to 11,439 BTC

BlackRock

BlackRock’s Ishares Bitcoin Trust (IBIT), a newly launched spot bitcoin exchange-traded fund (ETF), has made significant waves in the cryptocurrency market by swiftly acquiring 11,439 bitcoins within just two days of trading on the Nasdaq stock exchange. This development comes in the wake of the recent approval by the U.S. Securities and Exchange Commission (SEC) […]

Weekly Crypto Price Analysis: BTC, ETH, BNB, SOL, XRP, ADA, And DOGE

Weekly Crypto Price Analysis

The United States regulatory authorities approved the launch of Bitcoin spot exchange-traded funds (ETFs), a decision that took effect on January 10. The following day, these ETFs commenced trading, attracting considerable attention from traders. Despite the high anticipation surrounding this event, the impact on Bitcoin’s price was relatively muted, suggesting that the market had already […]

Analyst: Vanguard May Reconsider Bitcoin Stance as Cryptocurrency Gains Momentum

Vanguard

Vanguard, a prominent investment firm, is currently at the center of speculation regarding a potential shift in its long-standing anti-Bitcoin stance. According to insights from Bloomberg’s senior analyst, Eric Balchunas, the investment firm may be reevaluating its position on Bitcoin as market dynamics evolve and the demand for diversified portfolios gains momentum. Vanguard’s current Bitcoin […]

Vanguard users threaten to leave amid spot Bitcoin ETF snub

Vanguard

Vanguard, a prominent asset manager, has reportedly opted not to facilitate the purchase of spot Bitcoin exchange-traded funds (ETFs) on its platform. The decision appears to stem from Vanguard’s stance that these products don’t align with its traditional offerings, centered around asset classes like equities, bonds, and cash, seen as fundamental components of a well-balanced, […]

Bitcoin’s Wall Street debut triggers volatile impact on futures market

Bitcoin

The introduction of Bitcoin exchange-traded funds (ETFs) in the United States did not unfold as a straightforward “sell-the-news” event, contrary to some expectations. However, it did have a notable impact, affecting approximately $80 million in both long and short Bitcoin futures bets as prices experienced rapid fluctuations. Bitcoin ETF triggers a spike in leveraged bets […]

BlackRock’s Bitcoin ETF nod boosts its Ethereum ETF approval chances

BlackRock

The United States Securities and Exchange Commission (SEC) recently approved BlackRock, the world’s largest asset manager, along with 13 other institutional giants, to launch the first spot Bitcoin exchange-traded funds (ETF) in the United States on January 10. This move has injected a renewed sense of optimism into the crypto space, given BlackRock’s status as […]

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