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El Salvador Announces Tokenized Investment Offerings On Bitcoin Sidechain
15.5.2024
El Salvador's National Bitcoin Office launches tokenized investment offerings on the Liquid network, leveraging blockchain technology for new opportunities. Discover how to invest in El Salvador Bitcoin and benefit from its growing ecosystem.
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Bitcoin Price Pumps 5% to $65K After CPI Data – Can BTC Break Out of Its Current Range?
15.5.2024
The Bitcoin (BTC) price surged more than 5% back to the $65,000 level on Wednesday in wake of US CPI inflation data that showed moderating price pressures in April, supporting bets that the Fed will be able to ease interest rates a few times before the end of 2024.
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Bitcoin ETFs gain diverse investors amid market shifts
15.5.2024
Over the past few weeks, interest in Bitcoin exchange-traded funds (ETFs) has increased significantly in the cryptocurrency market. This has brought about significant changes in the buying and selling patterns of different global markets. After four weeks of capital decline in the US spot Bitcoin...
Bitcoin encounters $60k resistance amid market uncertainty
15.5.2024
Bitcoin’s consolidation phase is not a new phenomenon. If anything, it is giving the market a sense of stability amid the rising uncertainty. A movement within the confined zone is helping traders and investors decide when to withdraw or invest. The same phenomenon has also established a resistance...
El Salvador mined over 474 Bitcoins, expanding its crypto stash
15.5.2024
According to a recent report by El Salvador’s official government organization, its coffers presently contain 5,750 Bitcoins. El Salvador has mined nearly 474 Bitcoins for the past three years, and the credit goes to its geothermal powerhouse, which uses volcanoes as fuel. Touted as a green...
Bitcoin in April: Halving Price Fallout, Network Peaks and ETF Updates
15.5.2024
In April 2024, Bitcoin faced its sharpest price drop since the FTX collapse, with halving charts in focus, but network activity soared to record highs, driven by new protocols and ETF developments. This report explores and analyzes Bitcoin's ecosystem and the BTC price developments last month.
The...
Galaxy Digital Founder Michael Novogratz Expects Bitcoin to Trade in Narrow Range for Now
15.5.2024
Michael Novogratz, the founder of Galaxy Digital Holdings, expects Bitcoin to remain in a relatively narrow trading range in the current quarter.
The post Galaxy Digital Founder Michael Novogratz Expects Bitcoin to Trade in Narrow Range for Now appeared first on Cryptonews
Bitcoin Price Prediction: BTC Nears $62,000 Amid Fed’s Hawkish Stance and PPI Report; CPI Ahead
15.5.2024
Bitcoin price nears $62,000 after PPI data meets expectations; CPI report set to reveal further economic insights.
The post Bitcoin Price Prediction: BTC Nears $62,000 Amid Fed’s Hawkish Stance and PPI Report; CPI Ahead appeared first on Cryptonews
Could these cryptocurrencies dethrone Bitcoin in 2024?
15.5.2024
The cryptocurrency market brims with numerous cryptocurrencies, each being significant in its own way. New crypto coins are mined frequently, creating tough competition for survival among the newbies. Eventually, cryptocurrency lovers find themselves seated at the edge of their seats and pondering...
El Salvador Mined 474 BTCs Since 2021, Government Now Holds 5,750 BTCs
15.5.2024
El Salvador, which became the first nation to use Bitcoin (BTC) as legal tender, could easily hold 5,750 Bitcoins, per “Bitcoin Office” report.
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Bitwise CIO “Incredibly Bullish” On Bitcoin ETFs After Latest SEC Disclosures – Here’s Why
15.5.2024
Bitcoin ETF investors could multiple their holdings 20x if they follow prior investor trends, according to Bitwise.
The post Bitwise CIO “Incredibly Bullish” On Bitcoin ETFs After Latest SEC Disclosures – Here’s Why appeared first on Cryptonews
Bitcoin Price Prediction as U.S. Spot ETFs Attract $66M – Are Whales Buying Again
14.5.2024
Bitcoin's price recovery coincides with a $66M inflow into U.S. Spot ETFs, signaling renewed investor interest in cryptocurrency funds.
The post Bitcoin Price Prediction as U.S. Spot ETFs Attract $66M – Are Whales Buying Again appeared first on Cryptonews
Top 10 US Pension Fund Invests $162 Million In Bitcoin ETFs
14.5.2024
Wisconsin's leading pension fund bought shares in both BlackRock and Grayscale's Bitcoin ETFs.
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Can Bitcoin transform the future of work in the digital Gig economy?
14.5.2024
Bitcoin was the first ever digital currency to accomplish value transfers, excluding the intervention of central authority, which otherwise incurred doubled expenses. Bitcoin’s most coveted blockchain technology, which underlies the transaction mechanisms, makes this a possible phenomenon. Such...
Bitcoin Hash Rate Declines as Mining Firms Shut Down Unprofitable Rigs Post-Halving
14.5.2024
The hash rate of the Bitcoin network has experienced a significant decline as mining firms are shutting down unprofitable mining rigs following the fourth Bitcoin halving.
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Dormant Bitcoin wallet awakens to $61,000 windfall
14.5.2024
In a surprising twist that echoes tales of buried treasure, an old Bitcoin wallet that has been inactive since 2011 suddenly becomes active, transferring an amount of $30 million worth of Bitcoin. This unforeseen incident has triggered the interest of the people engaged in the world...
Bitcoin poised for takeoff as it exits post-halving “Danger Zone”
14.5.2024
At present, Bitcoin (BTC) is valued at $62,662.70, indicating a decrease of 1.05% in value compared to the previous week. Many crypto traders interpret this period of relative calm as an indication of a potential substantial decline that may lie ahead. However, a recent analysis by Rekt Capital,...
Bitcoin Price Prediction as Two Mysterious Whales Start Transferring Funds After 10 Years – What’s Going On?
14.5.2024
Two dormant Bitcoin wallets moved 1,000 BTC, worth $60.9 million, raising speculation about market impacts and future Bitcoin price predictions.
The post Bitcoin Price Prediction as Two Mysterious Whales Start Transferring Funds After 10 Years – What’s Going On? appeared first on Cryptonews
Bitcoin Enters Accumulation Phase, Exiting Post-Halving “Danger Zone,” Claims Analyst
14.5.2024
Bitcoin has emerged from the post-halving "danger zone" and entered an accumulation phase, as indicated by weakening selling pressure.
The post Bitcoin Enters Accumulation Phase, Exiting Post-Halving “Danger Zone,” Claims Analyst appeared first on Cryptonews
VanEck’s Bitcoin ETF Gains $109 Million Net Asset, Holds $619 Million Bitcoin in Q1
14.5.2024
VanEck's spot Bitcoin ETF HODL reports substantial asset growth in the first quarter of 2024, with total holdings reaching approximately $619 million in Bitcoin and a net realized gain of $6 million.
The post VanEck’s Bitcoin ETF Gains $109 Million Net Asset, Holds $619 Million Bitcoin in...