Bitcoin News
What to expect from Bitcoin as we enter the second quarter of 2024
As the dust settles on an explosive start to the year for Bitcoin, with its price dancing around the $70,000 mark, the spotlight turns to what the future holds. This isn’t just about numbers ticking up or down on a screen; it’s the pulse of a dynamic, ever-evolving digital currency landscape. As we gear up…
Bitcoin shows resilience as all-time highs form tentative support
Bitcoin (BTC) displayed resilience in the face of market uncertainties, with old all-time highs at $69,000 shaping up as tentative support. The digital asset gained approximately $1,000 during the latter part of the day, buoyed by remarks from Jerome Powell, Chair of the United States Federal Reserve. In an interview at the Macroeconomics and Monetary…
Bitcoin maintains strength as market eyes new rally
bitcoin-whales-accumulate-3-billion-worth/” target=”_blank” rel=”noopener”>Bitcoin‘s shark group has dominated the market with over 268,000b BTC in only a few weeks since their major participation in 2012. Among this group, which would be named entities with threshold values of $6.93 million to $69.3 million (0.010-1.000 BTC) in their account, a much bigger impact can be seen; nonetheless, they…
Let’s have an honest conversation about adding Bitcoin to your portfolio
So, you’re eyeing Bitcoin, the crypto giant that’s been the talk of the town, shaking up the investment scene like a polaroid picture. Gone are the days when Bitcoin was the shady corner of the financial world; it’s now a guest at the high table, with asset managers giving it the nod as a portfolio…
Bitcoin outflows on exchanges surge amid ETF dynamics
Crypto exchanges have experienced a massive outflow of BTF from their coffers, showing a supply flow shift. According to BTC&chartStyle=line&m=distribution.BalanceExchanges&zoom=all” rel=”nofollow noopener” target=”_blank”>data from Glassnode, more than $10 billion worth of BTC has left major exchanges. Most of the movement has been attributed to the emergence of spot Bitcoin ETFs in the US. The data…
Bitcoin halving spurs accelerated installations
The global installation ofbitcoin-faces-risks-of-exhaustion/” target=”_blank” rel=”noopener”> Bitcoin ATMs is experiencing a notable surge following the Bitcoin halving, as predicted by the CEO of a major Bitcoin ATM operator. Brandon Mintz, CEO of Bitcoin Depot, anticipates a global acceleration in installations, attributing this trend to the typical surge in crypto FOMO (fear of missing out) accompanying…
Bitcoin miner’s shocking $800M offering sends stock plummeting
CleanSpark stock crashed during the after-hours trading session on Thursday. The conference details an adjustment in the company’s at-the-market (ATM) offering agreement alluded to. The crypto/” target=”_blank” rel=”noopener”>Company announced that it would have the right to sell up to $800 million in stock, while the agreement previously signed with H.C. Wainwright & Co. the selling…
Bitcoin faces risks of exhaustion amidst impressive Q1 gains
With a startling 65% increase in price gains, bitcoin-cash-trading-activity/” target=”_blank” rel=”noopener”>Bitcoin is about to reach a major milestone as the first quarter of 2024 draws close. However, as the cryptocurrency approaches the end of Q1, trading company QCP Capital has sent a warning, stressing the possible risks of “exhaustion.” Bitcoin price action Observers of the…
Bitwise exec predicts $1T institutional shift to Bitcoin
bitcoin–trading-activity/” target=”_blank” rel=”noopener”>Matthew Hougan, Chief Investment Officer at Bitwise, forecasted a huge surge of institutional investments into Bitcoin. He argued that ETFs could inject as much as $1 trillion into the digital asset. Hougan published these comments in a memo to investment professionals, which was a signal of a clear move toward crypto investments. Interest…
Bitcoin dominance signals potential market shift
Crypto markets are abuzz with speculation as a clear ascending triangle formation emerges on the Bitcoin dominance chart. Typically viewed as a bullish indicator, this pattern has ignited discussions among traders regarding the potential implications for Bitcoin’s market share. Mixed sentiment among traders While some traders anticipate a surge in Bitcoin’s dominance, others hold contrasting…
BlackRock’s Larry Fink says Bitcoin’s spot ETF is the fastest growing ETF in history
price/” data-type=”post” data-id=”502926″ target=”_blank” rel=”noopener”>BlackRock’s big boss Larry Fink just threw a piece of knowledge that’s got everyone talking. On a sunny day on Fox Business, he didn’t just chat about the weather but dropped a bomb about Bitcoin that’s echoing across the financial world. The word is out. BlackRock’s Bitcoin ETF, known as $IBIT,…
Bitcoin market analysis: Grayscale report signals bull run continuation
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…
Robert Kiyosaki stirs debate with Bitcoin ponzi scheme concerns
In a recent statement on X, the widely used social media platform, Robert Kiyosaki, the renowned financial educator behind “Rich Dad, Poor Dad,” voiced concerns regarding Bitcoin. He raised questions about the authenticity of Bitcoin, implying it could be a scam or a Ponzi scheme. This declaration has instigated an intriguing debate among investors and…
BlackRock offers new advice on Bitcoin investment
New Perspective on Bitcoin from BlackRock: Digital Gold or Rollercoaster Ride? The Unpredictable Bitcoin: Digital Gold or Wild Ride? Bitcoin, the cryptocurrency that has left many investors puzzled and intrigued in equal measure, continues to challenge the financial world with its unpredictable price swings. The moody diva of digital currencies has seen her value soar…
European investors can still hop on the spot Bitcoin ETF wagon
For contact investors considering joining the Bitcoin bandwagon, here’s the latest: It’s not too late to enter this lucrative market. In fact, Europe is making strides in crypto investments despite seemingly lagging behind the U.S. with its first-ever Bitcoin spot exchange-traded funds (ETFs) being approved stateside. But, fear not! Europe’s crypto-related product scene is thriving,…
Bitcoin starts week off with a bang, surges to $71,000
Bitcoin’s Dramatic Comeback: A Rollercoaster Ride The cryptocurrency market experienced a significant shift as Bitcoin, the world’s leading digital currency, made an impressive comeback and surged back above the $70,000 mark on March 25. After a week of turbulence, which saw Bitcoin’s price plummeting to around $67,000, the cryptocurrency made a spectacular jump of approximately…
Are spot Bitcoin ETFs dying slowly? – What is going on?
The cryptocurrency market has experienced an intriguing turn of events in the Bitcoin ETF sector, which had previously witnessed remarkable growth in the financial markets. In January, the United States Securities and Exchange Commission (SEC) granted approval for 11 new Bitcoin ETFs, leading to a surge of optimism among investors. However, this week, we have…
Glassnode warns traders to brace for extreme volatility during halving
Preparing for the Unpredictable: Bitcoin Halving and Its New Challenger – Bitcoin ETFs The countdown to the Bitcoin halving has begun, leaving traders on the edge of their seats as they try to decipher how this pivotal event will shape the market’s future. Unlike past cycles where the halving served as a catalyst for bull…
Why Iceland is slowly pulling out of Bitcoin now
Amidst the tumultuous world of Bitcoin and its energy-intensive mining operations, Iceland is taking a bold step towards ensuring food security and reducing its dependence on international supply chains. With the global economic landscape showing signs of instability and disruptions in trade routes, Iceland’s leaders are digging their heels into the soil and giving farming…