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Bitcoin Faces Increased Risk Relative to Stocks: Commodity Strategist Mike McGlone Warns of Challenges
7.8.2023
Seasoned commodity strategist Mike McGlone says bitcoin is now riskier relative to stocks, while he further warned that economic downturn pressures may hold silver prices at bay. Bitcoin Volatility Low, Silver Faces Challenges: McGlone In a client communication dated August 2, 2023, the prominent...
Reports Suggest 11th-Largest Bitcoin Wallet Belongs to Stablecoin Giant Tether
5.8.2023
A 21.co research analyst has disclosed that Tether, the company behind the world’s most prominent stablecoin by market capitalization, could potentially hold the 11th-largest bitcoin (BTC) address. Additionally, an individual familiar with the matter has verified to The Block that said...
Ethereum Price Prediction as Bulls Hold $1,800 Despite Market Sell-Off – Dip Buying Opportunity?
3.8.2023
The Ethereum price has dropped to $1,835 today, representing a 1% loss in the past 24 hours that comes as the wider cryptocurrency market falls by a similar percentage.
ETH is now down by 2% in a week and by 6% in the past month, dragged lower by creeping market negativity that may come partly...
Cardano Price Prediction as Bulls Hold $0.30 Level – Can ADA Pump to $1 Soon?
2.8.2023
The Cardano price has inched up by 0.5% today, reaching $0.306274 as the cryptocurrency market enjoys a similarly modest rise in the past 24 hours.
ADA is now up by 1% in a week and by 4% in the past month, with the altcoin having risen by 24% since the start of 2023.
Such gains are relatively...
Ethereum Liquid Staking Sees 270,000 ETH Influx in 2 Weeks
30.7.2023
Recent statistics reveal that in the past fortnight, about 270,000 units of ethereum (ETH) were deposited into liquid staking derivative protocols. Currently, these decentralized finance (defi) staking platforms hold an estimated 10.65 million ether locked within their systems. Ethereum Liquid...
Bitcoin Price Prediction as $10 Billion Trading Volume Comes In To Hold $30,000 Level – Where is BTC Going Next?
22.7.2023
As Bitcoin's trading volume reaches $10 billion, the cryptocurrency stands firm at the $30,000 level, sparking discussions about its next move.
Currently trading at around $29,900 with a less than 0.10% increase on Saturday, Bitcoin remains a subject of interest for investors and traders alike. ...
Binance Coin Price Prediction as Bulls Hold $240 BNB Level – Time to Buy?
21.7.2023
The price of Binance Coin (BNB) has remained flat in the past 24 hours, with its current level of $244 representing a 4% loss in the last seven days.
BNB is also down by 1.5% in the last 30 days and has actually declined by 1% since the beginning of the year, in contrast to most other major...
Nasdaq Halts Crypto Custody Plans Amid Tough US Regulatory Environment
19.7.2023
Adena Friedman, CEO of Nasdaq, the international securities marketplace, announced that the firm is postponing its cryptocurrency custody plans due to the United States’ “regulatory environment.” During a Q2 earnings call, Friedman disclosed that Nasdaq aimed to launch...
XRP Price Prediction as Bulls Hold $0.70 Level – Where is the Next XRP Target?
18.7.2023
The XRP price has dipped by 0.5% in the past 24 hours, although its slide to $0.745059 still means it's up by 56% in the last seven days.
XRP continues to ride strong momentum caused by Ripple's positive result in its case with the SEC, with the altcoin also up by more than 100% in the past...
New Research: Bitmain's S19 Miners Hold Majority of Bitcoin Network Hashrate
12.7.2023
Bitcoin’s energy efficiency has been a concern over the years as mining activities consumed rather massive amounts of electricity.
Part of this resulted from the machines miners use, which have a high energy consumption.
According to a new report by Coinmetrics, three Bitcoin mining rig models...
New Research: Bitmain's S19 Miners Hold Majority of Bitcoin Network Hashrate
12.7.2023
Bitcoin’s energy efficiency has been a concern over the years as mining activities consumed rather massive amounts of electricity.
Part of this resulted from the machines miners use, which have a high energy consumption.
According to a new report by Coinmetrics, three Bitcoin mining rig models...
Bitcoin exchanges now hold the same BTC supply share as in late 2017
11.7.2023
BTC supply dynamics are pointing firmly in Bitcoin bulls' favor, as an analyst says that "true price discovery" may come as a result
Crypto Catalyst Watch: June CPI, PPI Readings Hold the Spotlight
11.7.2023
The CPI sank to 4% in May and has been trending downward, although the Federal Reserve seems likely to follow through on an intended rate hike later this month
XRP Price Prediction as Bulls Hold $0.46 Level – What is the Next XRP Target?
10.7.2023
The XRP price has dipped to $0.468321this morning, representing a 3% drop in the past week and a 5% loss in the last 30 days.
However, the altcoin has held to the $0.46 support level, while it also remains up by 37% since the beginning of the year, largely on the basis of positive expectations...
Lightning Labs Enables AI to Hold, Send, and Receive Bitcoin with New Tools
9.7.2023
Blockchain infrastructure company Lightning Labs has unveiled a set of developer tools that enable the integration of Bitcoin (BTC) with AI applications and Large Language Models (LLMs) such as ChatGPT.
The company, which develops software that powers the Lightning Network, said these new tools...
3 reasons why Bitcoin's price is primed to hold the $30,000 level as support
7.7.2023
Bitcoin price has been showing weakness near the $30,000 level, but multiple data points highlight the fact that bears remain at a disadvantage
Lightning Labs releases tools letting AI transact and hold Bitcoin
7.7.2023
AI models such as ChatGPT could soon get the ability to buy, sell, and use Bitcoin on the Lightning Network
XRP Price Prediction as Bulls Hold $0.48 Level – Where is XRP Heading Now?
5.7.2023
The XRP price has dipped by 0.4% in the past 24 hours, amid a slightly bigger dip for the cryptocurrency market as a whole.
Despite today's wobble, XRP has held strongly to the $0.480 support level, with its price of $0.488240 representing a 3% gain in the last seven days.
The altcoin is also...
2 Rate Hikes or Hold? Fed Predictions Vary From No Rate Hikes to 6% in 2023
3.7.2023
Based on projections from the U.S. Federal Reserve, it is anticipated that the central bank will implement two additional increases to the federal funds rate within the span of 2023. As indicated by Fed policymakers, they estimate the benchmark bank rate to fall within the range of 5.5% to 5.75%...
First Mover Asia: Large Bitcoin Holders Content to Hold Long Positions Amid Regulatory Turmoil
30.6.2023
ALSO: Bitcoin holds steady near $30.4K – unstirred by Fidelity's filing for a spot bitcoin ETF and unexpectedly strong U.S. jobs and productivity data