Browsing Category
Bitcoin
Bitcoin’s Coveted $88,000 Peak In 2024 Holds Despite Powell Scattering Hope For March Rate Cut
Bitcoin turned bloody on Wednesday following the announcement of interest rates by the Federal Open Market Committee (FOMC) and remarks by Fed Chair Jerome Powell on the expected rate cuts in 2024.…
BTC Halving Countdown: Four Likely Patterns Highlighted by Crypto Analyst
The fourth Bitcoin halving is predetermined to occur at block height 840,000, although the exact date is unknown due to the natural variability and probabilistic nature of mining blocks. Halving…
Long-Dormant ‘Sleeping Bitcoins’ Worth $35 Million Spring to Life on January’s…
On Jan. 31, 2024, a notable movement of so-called ‘sleeping bitcoins’ occurred, involving wallets from 2013 and 2016 which collectively transferred 845.06 bitcoins valued at approximately $35.96…
Bitcoin ETFs could actually be good for the environment
The quest for a US-listed spot bitcoin exchange-traded fund is almost as old as the asset class itself. The US Securities and Exchange Commission has rejected dozens of applications in the last…
Bitcoin ETF Effect Finally Here: $200 Million in Four Days of Consecutive Inflows
As data from SoSoValue indicates, the Bitcoin spot ETF on Jan. 31 marked a massive net inflow of $197 million into Bitcoin spot ETFs, extending a streak to four consecutive days of net inflows. This…
Bitcoin Shows $60K Potential as MVRV Metric Echoes Past Bull Runs
Bitcoin’s price could potentially see a rapid 50% increase, mimicking its 2016 and 2020 bull runs, as indicated by the MVRV metric. Despite current struggles, the long-term outlook for Bitcoin…
$318 Million in Bitcoin Moved to Paypal by Anon Whale: Details
Whale Alert cryptocurrency tracker, which track down large crypto transactions and then shares their details on the X/Twitter platform, has spread the word about three large Bitcoin lumps transferred…
Machine learning algorithm predicts Bitcoin price on February 29, 2024
Although Bitcoin (BTC) is struggling to retake the $43,000 price level, its crossing into the $40k region is important to begin with. However, machine learning and artificial intelligence (AI)…
El Salvador President Nayib Bukele Eyes Bitcoin-Backed Bonds, Bitcoin Cities in Re-election Bid
El Salvador’s President Nayib Bukele intends to push forward with his plans for Bitcoin if he secures a second term in the upcoming election. Despite pressure from the International Monetary Fund…
US Banking Crisis Might Be Here Again, Can Bitcoin (BTC) Save the Day?
The United States might be tilting toward the edge of another major crisis, with signs already showing in some regional banks. According to a recent Reuters report, New York Community Bank (NYCB) is…