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Cloud Miner BitFuFu Reports a 149% Spike in Q1 Revenue
20.5.2024
BitFuFu's total revenue skyrocketed 149% year-over-year to $144.4 million, beyond expectations. Profit figures were even more massive as its net income exploded more than 12-fold to $35.3 million.
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Bitcoin weekly new wallets drop to the lowest level since 2018
20.5.2024
Since 2018, the weekly number of Bitcoin addresses has fallen to its lowest level. The recent trend was influenced by developments in the Bitcoin space and the upcoming halving event. Market reports indicate that the Bitcoin ecosystem has recently added an average of 275,000 addresses. Reports...
Bitcoin surges 16% in May, but analysts warn of correction ahead
20.5.2024
Bitcoin has experienced a notable surge in value, rising 16% month-to-date and currently trading around $43,000. This upward trend has been primarily attributed to positive market sentiment driven by several key developments, including the anticipation of spot Bitcoin ETF approvals and significant...
Bitcoin’s Price Poised for New ATH after $67,500 Resistance Level: 10x Research
20.5.2024
Bitcoin's price is poised to surge to new all-time highs if it can successfully surpass the critical $67,500 level, which is currently acting as a significant resistance point.
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Bitcoin Price Prediction as Global Markets React to Iranian President’s Helicopter Crash – Potential for War?
20.5.2024
As geopolitical tensions rise after the Iranian President's helicopter crash, Bitcoin rebounds, reaching an intraday high of $67,600 on safe-haven demand.
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Developers Foresee ‘Programmability’ as Catalyst for Bitcoin’s Next Rally
20.5.2024
A group of developers believes introducing programmability to the Bitcoin blockchain could drive the next rally for the largest cryptocurrency.
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Bitcoin Price Prediction as $17 Billion Trading Volume Comes In – Are Chinese Whales Buying?
19.5.2024
Bitcoin is trading at $67,330.50 with a market cap of $1.33 trillion, driving speculation of Chinese whale activity amid a $17 billion trading volume.
The post Bitcoin Price Prediction as $17 Billion Trading Volume Comes In – Are Chinese Whales Buying? appeared first on Cryptonews
Top U.S. Hedge Funds Embrace Spot Bitcoin ETFs, 13 of 25 Invested: River Report
18.5.2024
Out of the top 25 hedge funds in the United States, 13 have entered the market by investing in the ETFs during the first quarter.
The post Top U.S. Hedge Funds Embrace Spot Bitcoin ETFs, 13 of 25 Invested: River Report appeared first on Cryptonews
Bitcoin Price Prediction as BTC Approaches $67,000 Level – New All Time High This Week?
18.5.2024
As Bitcoin edges close to $67,000, analysts speculate if a new all-time high is on the horizon, backed by a robust $24.62 billion trading volume.
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Billionaire Telegram Founder Pavel Durov Holds $7 Million in Notcoin, Pledges to Hold Until 100x
18.5.2024
Pavel Durov, the founder of Telegram, has received a generous donation from over half a million players of the viral Telegram-based clicker game called Notcoin.
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Bitcoin poised for institutional boom: Scaramucci predicts rise
17.5.2024
Anthony Scaramucci, the co-founder of Skybridge Capital, remains optimistic about Bitcoin. He thinks it is still on its way to becoming widely adopted. He specifically mentions the increasing focus of institutional investors as a critical factor for that possibility. In a recent interview with...
Bitcoin: analysts predict short-term jump before a downturn
17.5.2024
As per the consensus among analysts, the forecast for Bitcoin indicates that it will undergo a transient upswing prior to a downturn. According to Ali, a prominent cryptocurrency analyst, caution should be exercised when selling Bitcoin. He further emphasizes this by using his TD sequential...
Bitcoin Price Prediction as BTC Shoots Past $65,000 Resistance – Bulls Back in Control?
17.5.2024
Bitcoin surged past $66,000, reaching an intraday high of $66,500. Institutional interest, including BlackRock's IBIT, is driving the bullish momentum.
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Bitcoin Price Prediction: BTC Above $65K Amid $100M Andrew Tate Investment and Supply Lows
17.5.2024
Bitcoin Price Prediction: With BTC trading above $65K, Andrew Tate's $100M investment fuels bullish sentiment amid decreasing supply on exchanges.
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Institutional Bitcoin Adoption Is Just Getting Started, Says Anthony Scaramucci
17.5.2024
Anthony Scaramucci says it pays to be an early Bitcoin investor, despite the volatility.
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Oklahoma Enacts Watershed Bitcoin Rights Law Protecting Self-Custody Wallets
16.5.2024
Oklahoma Governor Kevin Stitt delivered a major win to digital asset supporters Monday with the enactment of new law HB3594 focused on preserving fundamental Bitcoin rights. News of the state's new law comes amidst the U.S. government's crackdown on self-custody wallets, prompting outrage in...
Bitcoin Price Pumps Higher as Morgan Stanley Reveals Significant Holdings in US Spot Bitcoin ETFs – Here’s the Latest
16.5.2024
The Bitcoin (BTC) price has been pumping higher this week in wake of US CPI data that pointed at moderating price pressures, and as major financial institutions including Morgan Stanley reveal significant holdings in US spot Bitcoin ETFs.
The post Bitcoin Price Pumps Higher as Morgan Stanley...
Bitcoin surges, lifting crypto market out of slump
16.5.2024
Bitcoin’s current price of 66,249.40 USD has been +5,434.80 in the past five days. As a result, Bitcoin futures were perceptibly bullish, holding above $60k on Tuesday, May 14. On Wednesday, the soft US CPI and retail sales report discussed in the opening saw “risk” sentiment accelerate...
Bitcoin to Return to $74K Highs, Bullish Momentum to Sustain: QCP Capital
16.5.2024
Leading trading firm QCP Capital has expressed optimism about Bitcoin's price momentum, forecasting a potential return to the highs of $74,000.
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Millennium Management’s $2B investment tops Bitcoin ETF scene
16.5.2024
Millennium Management LLC has established itself as a frontrunner in the Bitcoin ETF investment industry since its establishment, investing approximately $2 billion across a variety of investment strategies. With this comprehensive stake, Millennium has positioned itself ahead of...