Bitcoin Forms Megaphone Pattern, Potential Rally Towards $60,000
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
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
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
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
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
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
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
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
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 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
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 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
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
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
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
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
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, 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
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
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 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
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 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, 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 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
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’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
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, 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, 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
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
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 […]
Bitcoin miners and traders anticipate spot Bitcoin ETF effects
Bitcoin faced challenges breaking out of its established range on the day the United States approved its first spot Bitcoin exchange-traded fund (ETF). Despite the focus on a $48,000 target, data from exchanges revealed significant BTC movements on January 10, both before and after the ETF approval. Bitcoin miners and traders navigate BTC volatility Notably, […]
Former SEC official warns investors about spot Bitcoin ETF
John Reed Stark, the former head of internet enforcement at the U.S. Securities and Exchange Commission (SEC), has raised significant apprehensions regarding spot bitcoin exchange-traded funds (ETFs). With the SEC anticipated to greenlight these ETFs, Stark, currently the president of the cybersecurity firm John Reed Stark Consulting, criticizes this move in a comprehensive post on […]
Bitcoin developers to preserve Nintendo games on Ordinals
In a groundbreaking move, Bitcoin developers have unveiled a new project named Pizza Ninja, introducing a Super Nintendo Entertainment System (SNES) emulator to the Bitcoin blockchain. Ordinal inscriptions, likened to Ethereum-based NFT art for Bitcoin, play a central role in this innovative endeavor. These inscriptions, initiated by the Ordinals protocol launched by Casey Rodarmor, allow […]
GBTC drops to new low as Grayscale falls in ETF fees race
The Grayscale Bitcoin Trust (GBTC), recognized as the world’s largest Bitcoin fund, is currently witnessing its lowest discount levels since April 2021. On Monday, the discount reached 5.6%, a figure reminiscent of June 2021, as the trust anticipates a transition to a spot bitcoin exchange-traded fund (ETF). Since February 2021, GBTC has consistently traded at […]
Spot Bitcoin ETF applicants file their final amendments ahead of the deadline
Bitcoin enthusiasts are closely monitoring the flurry of activity surrounding the applications for spot Bitcoin exchange-traded funds (ETFs) in the United States. As anticipated, multiple applicants rushed to submit their final Form S-1 amendments to the Securities and Exchange Commission (SEC) on Monday, Jan. 8. Spot Bitcoin ETF applicants make final amendments Valkyrie, a prominent […]
Bitcoin network difficulty experiences its first increase in 2024
Bitcoin’s network difficulty saw its first increase in 2024 on January 5, reaching an unprecedented peak of 73.2 trillion at block height 824,544—an uptick of 1.65%. This adjustment followed 27 dynamic shifts in 2023, with a total of 20 increases. The latest record-breaking figure reflects the challenge of discovering a Bitcoin block reward, with the […]
Kevin O’Leary predicts increased crypto participation regardless of ETF verdict
Kevin O’Leary, known as Mr. Wonderful from Shark Tank and chairman of O’Leary Ventures, has shared insights into the potential impact of the U.S. Securities and Exchange Commission’s (SEC) decision on spot bitcoin exchange-traded funds (ETFs) and its influence on institutional interest in the cryptocurrency market. Kevin O’Leary makes bold crypto prediction Kevin O’Leary is […]
Bitcoin on exchanges rise as Ethereum sees a decline
In the last month, centralized cryptocurrency exchanges have witnessed a significant shift in the reserves of Bitcoin and Ethereum. According to recent data from cryptoquant.com, Bitcoin deposits have surged by 32,058 BTC, rising from 2,058,106 BTC on December 4, 2023, to the current total of 2,090,164 BTC. This increase, valued at $1.4 billion, underscores a […]
