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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 […]

Bitcoin pulls back from record highs, Crypto.com CEO shares insights

Bitcoin

The leading cryptocurrency has experienced a notable pullback from its recent record highs, dropping below the $67,000 mark after breaching $73,000 last week. This decline, however, is not unfamiliar territory for the digital asset, according to Kris Marszalek, CEO of Crypto.com, a Singapore-based digital asset exchange. In a recent interview with CNBC, Marszalek shared insights […]

Bitcoin enters pre-halving “Danger Zone” amidst price dip

Bitcoin

As Bitcoin edges closer to its anticipated halving event, market analysts warn of a potential downturn in its price, echoing historical trends observed before previous halvings. With just days remaining before the event, Bitcoin faces what some have termed the “Danger Zone,” a period historically marked by price retractions. The looming uncertainty surrounding Bitcoin’s trajectory […]

Bitcoin owner fights legal battle for £1.5 billion lost in landfill mishap

Bitcoin

In a saga that underscores the risks and rewards of the digital age, James Howells, a 38-year-old IT expert, finds himself embroiled in a legal battle of epic proportions. The saga began with a seemingly innocuous cleaning mishap a decade ago, catapulting Howells into an unimaginable loss.  A hard drive containing the private keys to […]

Bitcoin’s Long-Term Potential Outshines Short-Term Volatility

Bitget Wallet prepares for native token launch after $30M investment

Amid a recent sharp pullback in Bitcoin’s price, Kris Marszalek, CEO of Crypto.com, offers insights into the situation, emphasizing a long-term perspective for investors.  Despite the cryptocurrency shedding some of its value from record highs, Marszalek views this correction as a beneficial step for the market, aimed at eliminating excessive leverage and fostering more sustainable […]

The crypto weekend watch amid Bitcoin ‘bubble-bust’ talks

Bitcoin

In the midst of ongoing discussions surrounding the potential “bubble-bust” of Bitcoin and the broader crypto market, it becomes crucial to stay informed and vigilant about the developments taking place over the weekend. As of this writing, the current value of Bitcoin (BTC) is $69,333.17, reflecting a 1.0% increase since yesterday and a 0.5% increase […]

Top UFC Fighters Share Their Surprising Choice For Crypto Success

As Bitcoin hits new all-time highs, major investors and celebrities are gravitating towards top crypto casino platforms like Roobet to grow their portfolios. Launched in 2019, Roobet attracts users with its innovative gaming experiences and commitment to community interaction, quickly becoming a favorite among top UFC fighters and players seeking engaging and rewarding entertainment. Roobet […]

Bitcoin’s bullish backer MicroStrategy surpasses Amazon in trading volume

MicroStrategy

MicroStrategy, a firm renowned for its significant Bitcoin holdings, has surpassed Amazon in trading volume. According to Eric Balchunas, Senior ETF Analyst at Bloomberg, MicroStrategy’s trading volume hit an unprecedented $8 billion, eclipsing that of the e-commerce behemoth. This surge follows closely on the heels of MicroStrategy’s announcement regarding a $525 million convertible debt offering. […]

Bitcoin price plunges amidst record liquidations

Bitcoin

In a tumultuous turn of events, the price of Bitcoin (BTC) experienced a significant downturn, plummeting to $68,241, down from its recent all-time high of $73,737. This abrupt drop of 7.5% occurred within a few hours of trading on March 15, shaking the cryptocurrency market. Record liquidations The sudden decline in Bitcoin’s price triggered a […]

Why is Bitcoin’s price down today? BTC tanks to $67K

Bitcoin

Bitcoin’s price tumbled to $67,000 due to a market correction, with the price falling as low as $67,000 during Asian trading hours, representing a 7% decrease. This decline was attributed to profit-taking and market corrections, which are common occurrences in the crypto market. As of this writing, the current value of Bitcoin (BTC) is $67,443.55, […]

JPMorgan warns of MicroStrategy’s Bitcoin dark future

MicroStrategy

MicroStrategy’s significant purchases of Bitcoin, primarily through debt financing, have garnered attention due to their potential implications in the event of a future downturn. According to a report by JPMorgan, the large-scale acquisition of Bitcoin using borrowed funds raises concerns about exacerbating the impact of a market downturn.  MicroStrategy should probably give up buying more […]

Nayib Bukele’s Bitcoin brains, do you want some?

Nayib Bukele

Nayib Bukele, the President of El Salvador, has garnered attention for his innovative approach to incorporating Bitcoin into his country’s economic framework. Bukele is known for his strategic embrace of Bitcoin, positioning it as a tool for financial inclusion and reducing remittance fees for Salvadorans.  His decision to make Bitcoin legal tender in El Salvador […]

Investors flock to Bitcoin as Gold takes a backseat in portfolio strategies

Gold

Bitcoin has emerged as the favored asset among investors, surpassing gold in portfolio allocation when adjusted for volatility, according to an analysis by JPMorgan. Bitcoin surpasses Gold In a recent report, JPMorgan managing director Nikolaos Panigirtzoglou revealed that Bitcoin’s allocation in investor portfolios now exceeds that of gold by a significant margin when volatility is […]

Bitcoin liquidations surge amidst market correction

Bitcoin

Bitcoin, the leading cryptocurrency, witnessed a price decline, dipping below the $67,000 mark before the Wall Street opening. Despite this drop, traders remained optimistic, attributing the correction to typical market behavior within an ongoing bull run.  Market observers noted that corrections of this magnitude were not uncommon during bullish phases, emphasizing that over 95% of Bitcoin‘s […]

Robert Kiyosaki backs Bitcoin: Touts supremacy over Gold

Robert Kiyosaki

Renowned author Robert Kiyosaki recently reiterated his belief in Bitcoin’s superiority over traditional assets, such as gold and silver, in a social media post. Kiyosaki emphasized Bitcoin’s fixed supply of 21 million coins, contrasting it with the fluctuating nature of precious metals’ prices. Bitcoin’s resilience amid market fluctuations has drawn attention to Kiyosaki’s endorsement, particularly […]

Is Bitcoin’s bull run over? ETF inflows drop, prices slide

Bitcoin

Bitcoin Exchange-Traded Fund (ETF) inflows witnessed a staggering decline of 80.6% within 24 hours, marking a substantial shift in investor sentiment towards the cryptocurrency. The drop was reported by a cryptocurrency analytics platform, highlighting a net inflow of $133 million into Bitcoin ETFs. This sharp decrease comes after a record-breaking inflow of $1.05 billion just […]

Bitcoin Dogs Raises Over $11.5 Million and Enters Final 24 Hours

London, United Kingdom, March 15th, 2024, Chainwire With over $11.5 million already raised in under 30 days, Bitcoin Dogs’ buying is now entering its final 24 hours of its presale. News of the first ICO on the Bitcoin Blockchain have been circulating online, resulting in extensive coverage in the media, and with both the game […]

Etherland To Launch Tecra Space Funding Round

Auckland, New Zealand, March 14th, 2024, Chainwire Etherland will be launching a funding round on the blockchain investment platform Tecra Space on April 9. This campaign will support the continued development of Etherland’s technology, addressing practical challenges within the global real estate industry. The solutions focus on streamlining processes, improving security, and creating greater efficiency […]

Bitcoin (BTC) miners liquidate holdings as halving nears

Goldman Sachs

As the much-anticipated fourth halving of Bitcoin (BTC) approaches, the cryptocurrency market has observed a notable trend among miners. According to insights from CryptoQuant, miners have begun to liquidate their Bitcoin holdings. This move aims to capitalize on the ongoing bull run and prepare for future profitability by upgrading their equipment. Despite this sell-off, the […]

Gold guru Peter Schiff’s Bitcoin u-turn: From critic to regretful observer

Charles Hoskinson debunks FUD, confirms active development of Cardano Hydra

Renowned gold proponent Peter Schiff, known for his vocal criticisms of Bitcoin, has recently admitted to regretting not investing in the cryptocurrency when it was in its infancy. Schiff, who once labeled Bitcoin as a “pure ponzi,” now acknowledges that he missed out on a potentially lucrative opportunity. Schiff’s Bitcoin regrets missed opportunity and continued […]

Bitcoin reacts to stubbornly high US inflation amidst Fed rate speculation

Bitcoin

Bitcoin (BTC) experienced a notable 2.3% decline following the opening of Wall Street on March 12th. This decline came in response to the lingering concerns surrounding persistently high inflation rates in the United States, prompting speculation regarding the Federal Reserve’s future interest rate adjustments. Data indicates that BTC saw a significant drop of up to […]

Bitcoin mixer trial highlights flaws in Chainalysis tools

Bitcoin

The recent verdict in the trial of Roman Sterlingov, accused of operating Bitcoin Fog, the largest Bitcoin mixer in history, has raised significant concerns about the reliability of Chainalysis tools in convicting defendants facing severe penalties. Roman Sterlingov, a 35-year-old defendant, was recently found guilty on four counts related to money laundering through Bitcoin Fog. […]

SendingNetwork Launches Testnet for Bandwidth Mining, Redefining Decentralized Communication Infrastructure

Austin, Texas, March 13th, 2024, Chainwire SendingNetwork, communication infrastructure for web3, today announced the launch of its testnet for bandwidth mining. This launch is set to revolutionize the way we utilize bandwidth around the world. Through the implementation of an incentive testnet, rigorous security measures, and a clear roadmap towards token launch, SendingNetwork is dedicated […]

Memeinator Raise Passes $6.5M as Presale Nears Final Stage

London, United Kingdom, March 13th, 2024, Chainwire Memeinator is progressing towards the end of its ICO, having recently blasted past $6.5 million raised. Already in stage 19 of 20 and pricing in at $0.0276, the Memeinator team is optimistic that the presale is likely to sell out fast. The Memeinator storyline outlines how it’s been […]

Bitcoin liquidations reach $361M as traders navigate volatility

Bitcoin

In the fast-paced world of cryptocurrency trading, the last 24 hours have seen significant upheaval, with over $361 million worth of leveraged trades being liquidated. The leading cryptocurrency, Bitcoin, experienced a rollercoaster ride, reaching a new all-time high of $73,050 before retreating below $70,000 on March 12. This drastic price movement has sparked a flurry […]

Bitcoin mining tax faces resistance from industry leaders

bitcoin

In a recent statement, Perianne Boring, CEO of the Chamber of Digital Commerce (CDC), expressed strong opposition to the Biden administration’s plan to introduce a 30% tax on Bitcoin mining. Boring highlighted the critical role of Bitcoin mining in enhancing energy security and critiqued the tax proposal as politically motivated. According to her, this move […]

World’s First ICO on Bitcoin Blockchain Nears Final 48 Hours

London, United Kingdom, March 13th, 2024, Chainwire Bitcoin Dogs has now raised a spectacular total of $10.6 million as it nears the final 48 hours of its presale, after which the 0DOG tokens will become available for public trading. The ICO, the first-ever for a token built on the Bitcoin blockchain, began on the 14th […]

Bitcoin Layer 2 Conference 2024 Unveils First Look at All-Star Speakers

Singapore, Singapore, March 13th, 2024, Chainwire The Bitcoin Layer 2 Conference Hong Kong 2024 – East & West, the world’s first event dedicated exclusively to the Bitcoin Layer 2 ecosystem, is scheduled for April 8, 2024, in Hong Kong. With the Blockchain security team ScaleBit as one of its hosts, it promises to be a […]

Popular rapper Drake shares insight on Bitcoin’s future, highlights Michael Saylor’s views

Drake

Drake, the Canadian rapper with over 146 million followers on Instagram, recently shared a clip of Michael Saylor’s CNBC interview discussing Bitcoin. The clip, originally posted by bitcoin_memes_daily with the caption “Michael Saylor on Bitcoin,” features Saylor’s insights on Bitcoin as a superior store of value compared to gold. This share by Drake, known as […]

“Killer Whales” – The first Crypto Reality TV Show to hit mainstream streaming platforms.

Los Angeles, United Kingdom, March 12th, 2024, Chainwire The revolutionary television experience, “Killer Whales” hits mainstream streaming platforms, merging the captivating world of cryptocurrency with the thrill of reality television. This innovative show promises to capture the hearts and minds of audiences everywhere with its unique blend of high-stakes crypto pitches and gripping human drama. […]

Bitcoin is seen as long-term digital property, not currency

Bitcoin

Bitcoin (BTC) has surged to $72,095, sparking renewed interest and debate over its role in the financial landscape. Michael Saylor, chairman of MicroStrategy, has advocated for a shift in perception, urging investors to view Bitcoin less as a currency and more as a “billion-dollar building in cyberspace” to be held for generations. The long-term investment […]

El Salvador’s Bitcoin investment strategy pays off amid market rally

Drake

El Salvador’s President, Nayib Bukele, has seen success with the nation’s bold move to adopt Bitcoin as legal tender and invest in the cryptocurrency. The country’s buying strategy, initiated in September 2021, has yielded substantial returns despite initial challenges. Bukele’s approach has led to significant profits and positioned El Salvador as a notable player in […]

Bitcoin hits new all-time highs, surpassing $72,000

Bitcoin

Bitcoin, the leading cryptocurrency, has reached unprecedented heights, surpassing $72,000 in value, following a remarkable week of inflows into crypto exchange-traded products (ETPs). This surge comes amidst significant investor interest and a favorable regulatory environment. Record inflows propel Bitcoin’s rally In a report by CoinShares analyst James Butterfill, it was revealed that crypto investment products […]

Zeus Network Reveals Angel Investor Lineup: Featuring Solana Co-Founder Anatoly Yakovenko, Mechanism Capital Co-Founder Andrew Kang, and Stacks Co-Creator Muneeb Ali

New York, United States, March 12th, 2024, Chainwire   In a significant development, Zeus Network has reached a crucial phase in the launch of its $ZEUS token, a milestone underpinned by the unwavering support of its community. The network has announced the participation in the Jupiter LFG Launchpad voting process, highlighting the strategic importance of […]

Trump’s Support Ignites Bitcoin Rally: Will $73K Be the Next Milestone?

Trump

Bitcoin (BTC) surged toward the $73,000 mark, setting a new all-time high as bullish momentum continued to grip the market.  The cryptocurrency’s ascent was fueled by a combination of factors, including endorsements from influential figures like former United States President Donald Trump and increasing institutional demand. Trump’s support bolsters confidence Former President Donald Trump’s subtle […]

MicroStrategy completes $800M fundraise to boost Bitcoin holdings

MicroStrategy completes $800M fundraise to boost Bitcoin holdings

MicroStrategy has recently completed an $800 million fundraising initiative to expand its Bitcoin holdings. This latest acquisition involved purchasing an additional 12,000 BTC, bringing the company’s total Bitcoin assets to over 200,000 BTC. The fundraising was conducted through a private offering of senior unsecured convertible notes with an annual interest rate of 0.625%. The company’s […]

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