Standard Chartered Bank Revises Bitcoin Price Prediction to $150,000 by Year-End: A Bullish Outlook on Cryptocurrency Background: Standard Chartered’s Optimistic View on Bitcoin In an impactful revision to its financial forecasts, Standard Chartered Bank has significantly raised its Bitcoin price prediction from the previously estimated $100,000 to a new target of $150,000 by the end…
Bitcoin, the leading cryptocurrency by market capitalization, is bracing for potential fluctuations this week as several significant economic events unfold in the United States. The digital currency’s price trajectory could be influenced significantly by these events, which range from economic data releases to Federal Reserve announcements. Key Economic Indicators Affecting Bitcoin The Federal Reserve’s decision…
Amidst Volatility, Bitcoin Traders Watch Crucial Support Level Amid Significant Selling Pressure Over the weekend, Bitcoin (BTC) underwent a sharp decline, with prices dropping to their lowest level since March 6. The cryptocurrency hit $64,522 on Bitstamp, marking a significant correction from its peak at $74,000. Although the recent sell-off resulted in a 12% price…
Preparing for the Bitcoin Halving Event: Anticipation and Implications for Miners The Bitcoin Network Approaches a Significant Milestone: The Halving Event As the Bitcoin (BTC) network draws closer to its much-awaited halving event, scheduled around April 20, 2024, there is a palpable sense of excitement and anticipation among miners and cryptocurrency enthusiasts. This significant milestone,…
Bitcoin (BTC) Suffers Significant Price Downturn: New Lows of $64,522 on Bitstamp The cryptocurrency market experienced a notable downturn with Bitcoin (BTC) leading the charge. According to TradingView reports, the price of Bitcoin reached a new low of $64,522 on Bitstamp. This downturn came after Bitcoin hit record highs and was met with considerable sell-side…
Bitcoin’s Current Market Dynamics: Insights from Kris Marszalek, CEO of Crypto.com The leading cryptocurrency by market capitalization, Bitcoin, has witnessed a remarkable pullback from its all-time highs, dipping below the $67,000 mark after surging above $73,000 last week. This decline, while significant, is not an entirely foreign concept to the digital asset, as noted by…
Vanguard’s Stance on Bitcoin Exchange-Traded Funds: Steadfastly Against In a recent video release, Tim Buckley, the Chief Executive Officer (CEO) of Vanguard, reiterated the investment giant’s unwavering stand against adopting spot Bitcoin exchange-traded Funds (ETFs). Despite a multitude of investor inquiries, Vanguard remains firm in its decision to stay clear of this rapidly growing market….
Amidst the recent turbulent market conditions that have led to a sharp pullback in Bitcoin’s price, Kris Marszalek, the CEO of Crypto.com, has provided insights into the situation, emphasizing a long-term perspective for investors. In an interview, Marszalek explained that while Bitcoin’s value has dropped below $70,000 after hitting a record high of $73,000, resulting…
Amidst the ongoing debates surrounding the potential “bubble-bust” of Bitcoin and the broader crypto market, it is essential for investors and enthusiasts to remain well-informed and vigilant about the latest developments in this dynamic space. In this comprehensive analysis, we will delve deeper into the current market situation, potential bubble characteristics, causes of Bitcoin bubbles,…
Marathon Digital, a prominent player in the cryptocurrency mining industry, has announced its intention to acquire a Bitcoin mining facility located in Texas from Applied Digital for approximately $87 million in cash. This strategic acquisition is expected to significantly bolster Marathon Digital’s mining capabilities and prepare the company for the upcoming Bitcoin halving event. Marathon…
Bitcoin’s Dramatic Dive: Record Liquidations, Shifting Market Sentiment, and the Impact of Economic Data In a surprising turn of events, the price of Bitcoin (BTC) underwent an unexpected downturn on March 15, dropping significantly from its all-time high. The cryptocurrency market was shaken as the price of Bitcoin plummeted to $68,241, a decrease of 7.5%…
Bitcoin Dips Below $68,000 Amidst Anticipated Market Fluctuations: A Look into the Reasons Behind Today’s Downturn and Previous Trends Bitcoin, the world’s largest cryptocurrency by market cap, has experienced a downturn recently, with its price trajectory indicating a potential slide towards the $45,000 mark. The current economic climate has left investors and enthusiasts on edge…
In the dynamic world of cryptocurrencies, Bitcoin, the trailblazing digital asset, experienced a notable price decrease, dipping below the $67,000 mark just before the Wall Street opening. This unexpected dip came amidst an ongoing bull run, leaving many traders optimistic and unfazed by the correction. The calm response from the crypto community to Bitcoin’s downturn…
In a groundbreaking announcement on X, formerly known as Twitter, President Bukele of El Salvador revealed the substantial Bitcoin (BTC) holdings of his nation. He referred to this digital fortune as “our first #Bitcoin piggy bank.” This disclosure marks a significant development in El Salvador’s approach to managing and utilizing cryptocurrencies. According to the current…
Renowned financial author Robert Kiyosaki, known for his best-selling books on personal finance and wealth-building, has once again expressed his strong belief in the superiority of Bitcoin over traditional assets such as gold and silver. In a recent social media post, Kiyosaki highlighted the fixed supply of 21 million coins that sets Bitcoin apart from…
BlackRock’s Bitcoin exchange-traded fund (ETF) set a new record in daily trading volume on March 14, with approximately 100 million shares worth over $3.9 billion being traded. This figure surpassed the previous record of $3.7 billion set on March 5, demonstrating a significant increase in investor activity for the fund. Unprecedented Trading Activity: New Daily…
Bitcoin Exchange-Traded Fund (ETF) Inflows Plummet by 80.6%: Impact on Bitcoin Price and Market Outlook The cryptocurrency market experienced a significant shift in investor sentiment towards Bitcoin (BTC) as inflows into Bitcoin ETFs witnessed a staggering decline of 80.6% within 24 hours, according to data from a reputable cryptocurrency analytics platform. This marked a net…
Craig Wright’s Claim to Be Satoshi Nakamoto Debunked by UK Judge: A Legal Saga Comes to an End The long-standing debate regarding Craig Wright’s assertion of being the creator of Bitcoin, Satoshi Nakamoto, has finally reached a decisive point. UK Judge James Mellor recently delivered a ruling that effectively puts an end to Wright’s campaign…
MicroStrategy Incorporated, a well-known software development company, has augmented its Bitcoin portfolio by purchasing an extra 12,000 Bitcoins, which is approximately worth $822 million. This recent acquisition significantly magnifies MicroStrategy’s cryptocurrency holdings to 205,000, bringing the total value to over $15 billion in equity. The acquisition was funded using convertible notes and surplus cash, with…
With the greatly anticipated fourth Bitcoin (BTC) halving approaching on the horizon, the cryptocurrency market has witnessed an intriguing trend among miners. According to data from CryptoQuant, a leading crypto analytics platform, miners have initiated a sell-off of their Bitcoin holdings. This action aims to capitalize on the ongoing bull run and prepare for future…
