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Bitcoin Price Prediction as BTC Bounces Up $1,000 From $25,000 Support – Are Whales Buying the Dip?
17.6.2023
Bitcoin's price has experienced a significant recovery, witnessing a notable bounce of $1,000 from a critical support level of $25,000.
This sudden upward movement has sparked speculation about the actions of influential market participants known as "whales," who might be capitalizing on...
Bitcoin Price Prediction As BlackRock Files for Spot Bitcoin ETF – Can BTC Hit $100,000 if It Is Approved?
16.6.2023
As BlackRock, one of the world's largest asset management companies, files for a spot Bitcoin exchange-traded fund (ETF), speculation arises about the potential impact on Bitcoin's price.
The anticipation of regulatory authorities' approval for such an ETF has led to discussions among investors...
Is the US's Crypto Crackdown a Blessing in Disguise for Other Nations?
16.6.2023
The regulatory crackdown on crypto in the US could prove to be just what is needed for the industry to thrive elsewhere, a recent Wall Street Journal article has indicated.
But according to the article, which took a rather hostile tone towards crypto, the industry’s move to greener pastures...
Bitcoin Dominance Reaches Two-Year High Amid Regulatory Challenges for Altcoins
16.6.2023
Bitcoin’s share of the overall crypto market capitalization, the so-called Bitcoin dominance, is close to reaching a two-year high amid a regulatory crackdown on altcoins and crypto companies in the US.
As of Friday at press time, the Bitcoin dominance stood at 47.8%, just below a short-lived peak...
BlackRock applies for bitcoin exchange-traded fund
16.6.2023
BlackRock, which is undoubtedly the largest asset manager globally, has gone ahead and applied for a Bitcoin exchange-traded fund (ETF). This will provide investors the opportunity of being able to connect with cryptocurrency. This is with regard to the fact that it is being watched very closely...
Bitcoin Price Prediction: BTC's Struggle to Break Through $25,600 and Key Factors Affecting its Future
16.6.2023
Bitcoin is finally showing signs of recovery, but it continues to face challenges in breaking through the $25,600 level.
As Bitcoin faces resistance at this key price point, market participants eagerly await key developments that could shape the cryptocurrency's trajectory.
What are the driving...
Bitcoin Price Prediction as Fed Chair Powell Says May Be a 'Couple of Years' Before Rates Can Be Cut – Will BTC Crash to $20,000 Soon?
15.6.2023
As Bitcoin continues its volatile journey, the latest statement from Federal Reserve Chair Jerome Powell has sparked concerns among investors.
Powell's remarks suggesting that it may be a "couple of years" before interest rates can be cut have left many questioning the future trajectory...
“Bitcoin Mayor” Francis Suarez of Miami Throws in His Republican Bid for Presidency
15.6.2023
The pro-bitcoin mayor of Miami Francis Suarez is running for US president.
Suarez announced his run on Thursday morning on Twitter.
“My Dad taught me that you get to choose your battles, and I am choosing the biggest one of my life. I'm running for President,” he tweeted.
Suarez joins other...
BlackRock Close to Filing an Application for a Bitcoin ETF: CoinDesk
15.6.2023
The world’s largest asset manager is close to filing an application for a bitcoin exchange-traded fund, according to CoinDesk.
BlackRock will use Coinbase (COIN) Custody for the ETF as well as Coinbase’s spot market data for pricing, a source told CoinDesk.
It is not clear if the ETF will...
Twitter Founder Jack Dorsey Backs Bitcoin Nonprofit Brink with $5 Million Investment – What Does it Do?
15.6.2023
Circle’s founder Jack Dorsey has decided to inject some $5 million into Bitcoin non-profit Brink, providing the organization with funds to finance its support for independent BTC developers.
In a tweet, Brink thanked the entrepreneur for the funds which, as it explained will be allocated to...
Billionaire Michael Saylor Says Bitcoin Will '10X' When US Regulation Path Becomes Clear
14.6.2023
Michael Saylor, the co-founder and former CEO of MicroStrategy, believes regulatory clarity in the US surrounding digital assets would drive up the price of Bitcoin.
Saylor predicted that the flagship cryptocurrency would increase by 10x in value as the public realizes "that Bitcoin is the next...
Bitcoin Price Prediction and Potential Breakout; Eyes on FOMC and Fed Rate
14.6.2023
The most prominent cryptocurrency, Bitcoin, is currently being closely monitored for potential price predictions and breakout opportunities.
Traders and investors are eagerly awaiting the upcoming Federal Open Market Committee (FOMC) meeting and Fed Rate announcement, as these events have...
Bitcoin Hover Near $26,000 Ahead of Key Fed Policy Announcement – Here’s How the BTC Price Might React
14.6.2023
The Bitcoin (BTC) price is hovering close to $26,000, well within its recent intra-day ranges in the lead-up to Wednesday’s key US Federal Reserve policy announcement.
The US central bank is expected to pause its cycle of aggressive interest rate hikes that began last March and have seen the bank...
Blockstream CEO Adam Back: Bitcoin's Antifragility Will Prevail Amid Regulatory Pressures
13.6.2023
Despite the US Securities and Exchange Commission (SEC)’s crackdown against the biggest companies in crypto, one Bitcoin diehard isn't breaking a sweat.
Adam Back – CEO of Blockstream and popular cypherpunk – believes the crypto industry will simply adapt and relocate if it can’t find a home...
Bitcoin Price Prediction as Bulls Secure the $25,000 Level – Has BTC Bottomed Already?
12.6.2023
As Bitcoin's price hovers around the $25,000 level, cryptocurrency enthusiasts and investors are eager to determine whether the market has reached its bottom or if further price fluctuations lie ahead.
With the bulls managing to secure the crucial support level, there is optimism among some...
Breaking: Binance.US Halts USD Deposits, Must Withdraw by June 13 But Major Outage Reported
9.6.2023
Binance.US is halting USD deposits and has warned users to withdraw all US dollar funds by June 13th, although its dollar withdrawal service is currently not working.
Also, all USD trading pairs will be removed next week....
Read More: Breaking: Binance.US Halts USD Deposits, Must Withdraw...
Bitcoin Now Undervalued vs S&P 500, According to This Metric
8.6.2023
Bitcoin (BTC) is now undervalued versus the S&P 500.
That’s according to a metric that runs an Ordinary Least Squares (OLS) regression of the relationship between bitcoin and S&P 500 over the last 200 days to estimate of fair value for the Bitcoin price based on the current S&P 500 price.
This...
Bitcoin Reverses Post-US Jobs Data Upside as SEC Chair Gensler Lambasts Crypto Indsutry – Where Next for BTC Price?
8.6.2023
Bitcoin saw a small pop this morning on weaker-than-expected weekly initial jobless claims, rising from under $26,500 to at one point above $26,800.
Claims jumped to 261,000 last week, up from 233,000 a week earlier, marking the second-highest reading of the year.
While 261,000 initial claims...
El Salvador’s Bitcoin Mining Industry Sees Tether Join its $1 Billion Venture
6.6.2023
After the massive losses that followed the collapse of the crypto exchange FTX, users lost confidence in lending, custody, and cryptocurrency service providers.
The fear of losing assets, as with FTX, plagues people's minds after the commotion.
Some experts believe it will take a while...
Tether initiates the first phase of billion-dollar funding
6.6.2023
Tether, which is responsible for the fintech platform, tether has initiated the first phase of billion-dollar funding that will go towards a renewable energy project in El Salvador. This is in relation to the backing, as well as furthering sustainable Bitcoin mining. The company will be making...