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Bitcoin Price Prediction: $44,000 Hike, ETF Buzz, and Blackrock Update
7.12.2023
In the ever-evolving landscape of cryptocurrency, Bitcoin continues to capture the attention of investors and market analysts alike. Currently trading at $44,002, marking a modest increase of 0.15% on Thursday, Bitcoin stands at the forefront of significant developments in the digital currency...
Jack Dorsey-Backed Bitcoin Mining Pool Refuses To Process Ordinals Transactions – What’s Going On?
7.12.2023
Jack Dorsey. Source: a video screenshot OCEAN – a newly launched Bitcoin (BTC) mining pool backed by Jack Dorsey – has updated its mining software to exclude Bitcoin ordinals transactions from the blocks that it generates. Ordinals is a protocol for issuing NFTs and alternative tokens on...
Bitcoin Price Prediction as Billionaire Michael Saylor’s BTC Holdings Surpass $2 Billion in Profit – Time to Buy?
7.12.2023
In the constantly evolving landscape of cryptocurrencies, Bitcoin has recently hit a notable milestone, surging past $44,000 and marking a staggering 160% increase this year. This surge is primarily fueled by two pivotal factors: the growing optimism over the anticipated US approval of a Bitcoin...
Lugano Switzerland Now Accepts Bitcoin, USDT for Tax Payments
7.12.2023
Source: Pixabay / Michael Wuensch The city of Lugano, Switzerland announced on Wednesday that it is ready to start accepting tax payments in cryptocurrency – including Tether (USDT) and Bitcoin (BTC). That includes payments for any invoice issued by Lugano, such as municipal services and all other...
Bitcoin Core v26.0 Released, v27 Could Terminate Bitcoin Ordinals
6.12.2023
Bitcoin Core v26.0 offers faster syncing and better networking, but planned changes in v27 could stop the creation of new Bitcoin Ordinals. Image by Creative Clicks, Adobe Stock. The latest major release of the Bitcoin Core software, version 26.0, is now available. The upgrade includes changes that...
Bitcoin’s Recent Rally Underscores the “Low Correlation” of Crypto with Traditional Assets: Expert
6.12.2023
Source: Adobe Bitcoin (BTC) has displayed resilience by surging to a more than 19-month high, even as global markets experienced a downturn. The cryptocurrency climbed 5.8% to reach $42,000 on Monday and maintained its position just below that level in morning Asian trading on Tuesday. ...
Bitcoin prices are rising in Q4 of 2023
6.12.2023
Bitcoin was near $16k in January 2023, which was the beginning of the year. It has now surged to more than $42k in valuation, and the community believes that it is largely a seasonal trend in the making. This is based on an assumption that the trading value of Bitcoin always rises in the concluding...
Developer Says Ordinals Are Exploiting a “Vulnerability” to Spam Bitcoin Network, Proposes Bug Fix
6.12.2023
Image Source: Pixabay Bitcoin Core developer Luke Dashjr has proposed a bug fix to potentially alleviate the network congestion caused by new Ordinals and BRC-20 tokens. In a recent post on X (formerly Twitter), Dashjr claimed that these tokens are taking advantage of a vulnerability within...
Bitcoin Ordinals Token Tap $1 Billion Market Cap as BTC Moves Past $43,500
6.12.2023
Source: Pixabay / Michael Wuensch Bitcoin (BTC) has recorded a massive uptick in the past week surging above 14% as the wider market rebounds igniting bullish sentiments hinged on several factors. The refueled rally of the market leader comes on the heels of increased network activity pushed by...
Crypto Mining Firm Phoenix Shares Surges 50% on Abu Dhabi Debut
6.12.2023
Source: Adobe Phoenix Group Plc, an Abu Dhabi-based Bitcoin mining and colocation service provider, has reported a significant 50% surge in shares. The company announced Sunday, its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX), slated for December 5th. The event marked...
Bitcoin Futures Open Interest on CME Hit $5 Billion
6.12.2023
Source: Adobe Stock Bitcoin futures open interest on the Chicago Mercantile Exchange (CME) – has seen a spike rising from $2.20 billion on September 30th to $5.09 billion today, according to data from Glassnode. The rise in open interest is due to bitcoin’s ongoing uptrend to $44,400 on Tuesday...
Bitcoin Price Prediction: Surges Past $44K, El Salvador Sees Soaring Returns on BTC Investment
6.12.2023
In an electrifying leap forward, Bitcoin‘s valuation surged past the $44,000 mark, trading at $43,858 with an impressive nearly 6% increase on Wednesday. This ascent comes after a “jet-fueled” 16% climb over six days, underscoring the cryptocurrency’s robust performance....
Korean Won Overtakes Dollar as Top Fiat Trading Pair Amid Recent Bitcoin Rally: Report
6.12.2023
Source: Pexels South Korean crypto traders are emerging as key influencers in driving Bitcoin price up by over 50%, reaching its highest price level in two years. As per data compiled by CCData for November, Korean won surpassed the dollar, becoming the largest fiat trading pair in crypto for...
Lead Glassnode Analyst Expects Bitcoin Pump to “Correct” After Rally to $44k
6.12.2023
Source: prokop.photo/Adobe Can Bitcoin (BTC) sustain its bullish price momentum this week? Not for long according to James Check – lead on-chain analyst at Glassnode. The leading cryptocurrency exploded to $44,400 on Tuesday, marking a new yearly high up 16.5% from 7 days prior. Yet despite...
Bitcoin Price Prediction as BTC Pulls Back From $42,000 – When is the Next Leg Up?
5.12.2023
Bitcoin, currently standing as the premier cryptocurrency, has witnessed a remarkable surge, pushing its price to a striking $41,765. Accompanied by a substantial 24-hour trading volume of $27 billion, Bitcoin has experienced an impressive upswing of nearly 6% in the last day alone. This notable...
Bitwise updates its Spot Bitcoin ETF application
5.12.2023
Bitwise has revised its Spot Bitcoin ETF application. Other firms have also followed the route set by BlackRock. The crux of the matter is enabling creators in kind along with cash. The SEC is keen to delink the product from the volatility of the market. However, potential issuers are expressing...
Bitcoin’s turning point may occur at $45k level of resistance
5.12.2023
Bitcoin’s previous resistance level was set at $35k. The next is at $45k, with BTC holders expecting to gain fruitful results. It especially pertains to those who have held their portfolio for mid-term purposes. Bitcoin currently bears the flag of dominating the market by a broader margin and will...
Bitcoin Transaction Fees Outpace Ethereum, DeFi TVL Surges 11% in November: Binance
5.12.2023
Source: Iryna Budanova/Adobe The digital asset market recorded an 11% uptick last month with Solana (SOL) and Chainlink becoming the top-performing assets as decentralized finance (DeFi) volumes surge, a new report shows. A recent Binance Monthly Market Insight report shows a growth in the general...
Bloomberg Predicts Crypto Supercycle: Bitcoin Price Rally to $500K
5.12.2023
Image by Oleksandr Pidvalnyi from Pixabay The recent surge in Bitcoin (BTC) price could be the beginning of a new crypto supercycle that propels the world’s largest cryptocurrency to an astonishing $500,000. Enthusiasts believe that the recent surge in BTC price, which saw the leading...
BlackRock and Bitwise Update Bitcoin ETF Filings with SEC
5.12.2023
Source: Pixabay / xresch BlackRock and Bitwise have recently updated their filings for spot Bitcoin exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC). These frequent amendments may signal pivotal progress. In its most recent updated submission, BlackRock, the asset...