Search
‘If You Want to Understand Bitcoin’s Value, Look at Politicians’ Hate Toward It,’ Says Sean Ono Lennon
22.12.2023
Sean Ono Lennon, the acclaimed American-British musician and son of Beatles icon John Lennon, revisited the subject of bitcoin on social media platform X, formerly known as Twitter. He poignantly observed, “If you want to understand how valuable bitcoin truly is, look how much...
Exchange Bitcoin (BTC) Supply Back to 2017 Levels; Analysts Predict Upsurge for Injective (INJ) and RebelSatoshi (RBLZ)
22.12.2023
The cryptocurrency market is witnessing an intriguing pattern with Bitcoin (BTC), reminiscent of 2017 trends. On-chain data reveals a significant decline in BTC’s exchange supply, hitting levels last seen in 2017. This shift indicates a growing inclination among investors to hold onto their...
Seasoned Trader Peter Brandt Challenges Bitcoin Halving Hype Calling It a ‘Whole Lot of Excitement Over Nothing’
21.12.2023
Recently, the seasoned financial analyst and trader Peter Brandt has been increasingly expressive about crypto assets, with a particular focus on bitcoin and ethereum. On Dec. 21, 2023, Brandt reaffirmed his stance regarding the anticipated Bitcoin reward halving set for April 2024. He contends...
Bitcoin Price Prediction as BTC Hits New Record High for 2023 – How High Can BTC Go in 2024?
21.12.2023
Bitcoin, the leading cryptocurrency, has recently witnessed a minor dip, yet impressively holds above the $43,500 mark, signaling a strong market sentiment. The crypto sphere is abuzz, speculating on how high Bitcoin might soar in 2024. Notably, Bitcoin’s steadfast position above...
Ethereum Will Continue Losing Ground To Bitcoin: Glassnode
21.12.2023
Source: Pixabay / vjkombajn The price of Ethereum (ETH) has continuously lost ground to that of its older brother, Bitcoin (BTC), throughout the year – and on-chain data suggests it will continue to do so. As of Thursday, Bitcoin’s market cap dominance stood at 53.3%, versus Ethereum’s 16.7%. A...
Bitcoin Dominance Reaches 2-Year High, Exceeding 53%
21.12.2023
Source: Adobe / AMERO MEDIA Bitcoin’s share of the overall crypto market capitalization, known as the Bitcoin dominance, has reached a 2-year high at over 53%. According to data from TradingView, the Bitcoin (BTC) dominance has risen from 52% to over 53% over the past week, after having traded...
Bitcoin NFTs Skyrocket With $425M in Sales This Week; Key Collections Cement Strong Floor Values
21.12.2023
In the last week, markets for non-fungible tokens (NFTs) minted on top of Bitcoin have generated approximately $425.63 million in sales. The leading ten NFT collections over the seven-day period all originate from the Bitcoin blockchain. Several collections of Ordinal inscriptions based on Bitcoin...
Matrixport Expects a $50,000 Bitcoin Price Within Weeks – Here’s Why
21.12.2023
Source: Pixabay Digital asset financial service platform, Matrixport projects a $50,000 Bitcoin (BTC) price towards the end of January 2024 as the market expects an approval of a spot Bitcoin ETF by the Securities and Exchange Commission (SEC). In a recent report, the firm noted they expect an...
Big Money Management Firms Expect SEC to Greenlight Spot Bitcoin ETFs by January 10
21.12.2023
Source: AdobeStock / Backcountry Media Big money management firms expect the Securities and Exchange Commission (SEC) to grant approval for the first “spot” Bitcoin (BTC) exchange-traded fund (ETF) in early January. According to sources close to these firms, recent guidance from...
BlackRock, ARK Invest, and Others Opt for Cash Redemption After SEC Pushback
21.12.2023
Source: Pixabay / tombark Companies like BlackRock and ARK Invest have revised their spot Bitcoin (BTC) ETF filings to include cash redemption models, signaling a shift in response to SEC demands. The move comes as the Securities and Exchange Commission (SEC) deadline of January 10 to approve...
Rollups On Bitcoin? BOB Launches Public Testnet For Scaling BTC
20.12.2023
Bitcoin (BTC) layer 2 startup ‘Build on Bitcoin’ (BOB) has announced the launch of its public testnet, which intends to imbue the premiere crypto network with the functionality of Ethereum (ETH), its most popular rival. The protocol is designed as a one-click bridge to Ethereum’s DeFi ecosystem...
Bitcoin Price Prediction as Trading Volume Spikes by 40% – Are Investors Gearing Up for a Major Move?
20.12.2023
As the digital currency market pulsates with energy, Bitcoin price prediction takes the spotlight, riding on a remarkable 40% surge in trading volume. This burgeoning activity begs the question – is the investment community bracing for a seismic shift in Bitcoin’s trajectory? Amidst...
Bitcoin’s Hashrate Hits Historic 527 EH/s Lifetime Peak, Shattering Previous Records
20.12.2023
Recent data, analyzing the seven-day average of Bitcoin’s hashrate, reveals yet another lifetime peak in the network’s performance. On Dec. 20, 2023, Bitcoin’s hashrate climbed to an unprecedented high. The seven-day simple moving average (SMA) indicates that the hashrate...
Grayscale CEO Says Spot Bitcoin ETF Could Usher In $30 Trillion to The Market – Here’s More
20.12.2023
Source: a video screenshot, Bloomberg Technology / YouTube Grayscale CEO Michael Sonnenshein has restated growing optimism over an investment drive in the cryptocurrency market in the event of a spot Bitcoin (BTC) ETF approval by the Securities and Exchange Commission (SEC). In a recent CNBC...
Bitcoin Blockchain Surpasses Half-Terabyte Amid Soaring Transactions and Increased Block Capacity
20.12.2023
Although bitcoin’s price hasn’t eclipsed its historic peak, this year the network has shattered multiple records. These include reaching the highest level of difficulty, achieving an all-time high in total hashrate, and setting a new record for daily confirmed transactions. In 2023...
Bitcoin Technical Analysis: Bullish Trends Push Against Upper Resistance Limits
20.12.2023
Bitcoin’s price of $43,094, fluctuating between $42,235 and $43,176 within 24 hours, reflects a market in subtle motion. With a substantial 24-hour volume of $20.10 billion and a market capitalization of $837 billion, bitcoin maintains its strong presence in the cryptocurrency sphere....
Bitcoin Price Prediction: BTC Dips to $42,475 Amid Big ETF Moves and Pre-Halving Mining Surge
20.12.2023
In a market where change is the only constant, Bitcoin (BTC) has witnessed a notable dip, currently trading at $42,471, down by nearly 1.50% on Wednesday. This movement comes amid significant developments in the crypto space, including the largest Wall Street evolution for Bitcoin ETFs in three...
Messari CEO Expects Bitcoin to Remain the Unstoppable “Godzilla of Finance” in 2024
20.12.2023
Source: Adobe Stock Messari CEO Ryan Selkis has likened Bitcoin (BTC) to the unstoppable “Godzilla of finance,” emphasizing its enduring position as the leader in the crypto market. In his annual report outlining the key trends within the crypto industry, the crypto boss said...
Bitcoin Miner Marathon Acquires 2 High-Capacity Mining Facilities for $178.6M
20.12.2023
On Tuesday, Marathon Digital Holdings, a leading bitcoin mining company listed on public markets, revealed its acquisition of two fully operational bitcoin mining facilities, representing a combined capacity of 390 megawatts (MW). For these facilities, Marathon invested a total of $178.6 million...
Bitcoin Price Prediction as BTC Rises 5.30% to $43,000 – Can It Sustain This Growth?
20.12.2023
In the dynamic world of digital currencies, Bitcoin (BTC) has once again made headlines with a remarkable surge, surpassing the $43,000 threshold. This leap contributes to a significant uptick in the global crypto market cap, which now stands at an impressive $1.61 trillion, marking a 3.82%...