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Glassnode: Bitcoin is about to enter into the Euphoria Zone
13.3.2024
Bitcoin is trading above $73,000 at the time of writing this article. This has triggered a series of speculations. For starters, the community expects that the token will now surpass the milestone of $100,000 by the end of this year. Alternatively, it could do the same by the end of 2025. ...
Five ‘Altcoins’ riding the crypto wave besides Bitcoin
13.3.2024
Prominent cryptocurrencies such as Dogecoin and Ether, which have become overnight sensations, are making a triumphant return to the market. Beyond Bitcoin’s omnipotence, alternative cryptocurrencies such as Dogecoin and Ether demonstrate robust performance. The cryptocurrency industry...
Grayscale seeks approval from the SEC for the Bitcoin Mini Trust
13.3.2024
Grayscale has filed a request with the US Securities and Exchange Commission to seek the formation of a Bitcoin Mini Trust. It will be floated on NYSE Arca under the ticker symbol BTC. The aim is to introduce a Bitcoin product for users who seek lower fees. According to Tuesday’s filing...
Bitcoin ETFs See Record $1B Inflows as BTC Price Remains at All-Time Highs
13.3.2024
Bitcoin (BTC) exchange-traded funds (ETFs) experienced a staggering $1.05 billion in net inflows on March 12, according to data from SoSoValue.
The post Bitcoin ETFs See Record $1B Inflows as BTC Price Remains at All-Time Highs appeared first on Cryptonews
Bitcoin Price to Hit $360,000 One Year Post-Halving: CoinLedger
13.3.2024
CoinLedger forecasts Bitcoin to potentially reach $360,000 a year post-2024 halving, based on an analysis of past halving events and their impact on price in various time periods.
The post Bitcoin Price to Hit $360,000 One Year Post-Halving: CoinLedger appeared first on Cryptonews
Core Scientific Reports $502M in 2023 Revenue, Down From $640M in 2022
13.3.2024
Crypto mining firm Core Scientific has announced a decline in year-on-year revenues in its Q4 2023 results, accompanied by a substantial reduction in net losses.
The post Core Scientific Reports $502M in 2023 Revenue, Down From $640M in 2022 appeared first on Cryptonews
Is Bitcoin halfway through its Pre-Halving Rally phase?
13.3.2024
Roughly 35 days remain until the fourth Bitcoin halving takes place. The crypto market has been on a rollercoaster ride for the past several months. The accumulated anticipation of the halving merger with the US Bitcoin Spot ETF approval has helped BTC hit its ATH. The price of Bitcoin is currently...
What could be altered by the Bitcoin Halving in 2024?
13.3.2024
There is no denying that Bitcoin halving has the ability to change the game in 2024 and beyond. Bitcoin halving will significantly affect the ecosystem, including Biofinit, as well as the price of Bitcoin. Bitcoin halving is a principle established by Satoshi Nakamoto, the progenitor of Bitcoin...
Coinbase Announces $1B Bond Sale
13.3.2024
Cryptocurrency exchange Coinbase Global, Inc., has announced a private offering of $1 billion convertible senior notes which will be due in 2030.
The post Coinbase Announces $1B Bond Sale appeared first on Cryptonews
Is your Bitcoin strategy keeping up with crypto trends?
13.3.2024
In recent years, cryptocurrencies have demonstrated a rising value in the crypto market, with 14 million BTC coins in circulation, driving most market capitalization for major cryptocurrencies. These inventions in finance have created a global financial phenomenon that has led to the adoption...
Bitcoin Price Prediction as Bulls Hold BTC Above $71,000 – Time to Buy?
12.3.2024
Amid rising optimism, Bitcoin holds strong above $71,000. Investors watch closely, pondering if now's the moment to buy into the leading cryptocurrency's potential.
The post Bitcoin Price Prediction as Bulls Hold BTC Above $71,000 – Time to Buy? appeared first on Cryptonews
Grayscale Files For ‘Mini’ Bitcoin Spot ETF To Stop GBTC Bleed
12.3.2024
Crypto management firm Grayscale has hatched a plan to stop its rapidly accelerating asset bleed – and it involves launching a brand new Bitcoin spot ETF.
The post Grayscale Files For ‘Mini’ Bitcoin Spot ETF To Stop GBTC Bleed appeared first on Cryptonews
Drake Shares Michael Saylor’s Bitcoin Interview, Reaches 146 Million Followers
12.3.2024
Rapper Drake shares Michael Saylor's bold Bitcoin prediction on social media, reaching his massive 146 million Instagram followers. Saylor argues Bitcoin will overtake gold as a store of value, fueling speculation about a renewed crypto market surge.
The post Drake Shares Michael Saylor’s...
Bernstein Doubles Down On $150k Bitcoin Prediction, Says Miners Are A Strong Buy
12.3.2024
Bernstein analysts maintain their bullish stance on Bitcoin, predicting a $150K price target amidst strong ETF performance. The firm believes Bitcoin miners offer major equity-based leverage as the halving event approaches.
The post Bernstein Doubles Down On $150k Bitcoin Prediction, Says Miners...
Sweden’s Central Bank Chief Cautions Against Bitcoin Integration Due to Speculative Nature
12.3.2024
Sweden's Central Bank Governor, Erik Thedeen, advocates for minimal Bitcoin adoption within the nation's financial system. He emphasizes concerns about Bitcoin's speculative valuation and potential investor losses.
The post Sweden’s Central Bank Chief Cautions Against Bitcoin Integration...
Bitcoin Developers Forge Alliance to Standardize BRC-20 Tokens Amid Rising Popularity
12.3.2024
A coalition of Bitcoin developers have rallied to govern the BRC-20 fungible token standard as the Ordinals protocol surges in popularity. The coalition, which calls itself the Layer 1 Foundation, announced its new BRC-20 governance structure in a lengthy tweet on X on Monday. The Layer...
VanEck reduces Spot Bitcoin ETF fee till March 2025
12.3.2024
VanEck, a sought-after American investment management company headquartered in New York City, recently announced the reduction of spot Bitcoin ETF fees, allowing users to invest in VanEck Bitcoin Trust for HODL until 31 March 2025. The period will commence on 12th March, and the Sponsor will...
Biden administration considering 30% tax on Bitcoin mining
12.3.2024
The Biden administration is considering a 30% excise tax to be levied on bitcoin mining, owing to the industry’s rising energy usage. The other factor is the rise in energy costs for those sharing an electric grid with miners of digital assets. Added to that is the damage to the environment....
Bitcoin ETF Inflows Could Trigger a ‘Sell-Side Liquidity Crisis,’ Warns CryptoQuant
12.3.2024
Institutional inflows into spot Bitcoin (BTC) ETFs could lead to a "sell-side liquidity crisis" by September, according to industry analyst Ki Young Ju, CEO of on-chain analytics platform CryptoQuant.
The post Bitcoin ETF Inflows Could Trigger a ‘Sell-Side Liquidity Crisis,’ Warns...
Impact of Bitcoin halving and Spot Bitcoin ETFs on crypto market
12.3.2024
The crypto market is rejoicing in a bull rally, with multiple factors accounting for the run. The long-running market slum ended with US Bitcoin ETFs getting approval from the SEC. With Bitcoin set to conduct its halving in 2024, the market is brimming with positive outlooks. The programmed event...