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Bitcoin Dominance Reaches Over 49%, Highest in 2 Years – What’s Going On?
22.10.2023
Bitcoin (BTC)'s dominance in the cryptocurrency market has surpassed 49%, reaching its highest level in more than two years.
According to data from CoinGecko, Bitcoin's dominance currently stands at 49.58%, almost three times the dominance of Ethereum (ETH), the second-largest crypto by market...
Bitcoin Price Prediction as $10 Billion Sends BTC Above $30,000 Resistance – New Bull Market Officially Starting?
22.10.2023
Bitcoin, the pioneering digital asset, has once again captured global attention as it surges past the formidable $30,000 resistance level. A colossal inflow of $10 billion has catalyzed this rally, signifying renewed confidence from institutional and retail investors alike. ...
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Bitcoin Price Prediction as Bulls Push BTC Further Toward $30,000 Resistance – Where is BTC Going Next?
21.10.2023
As Bitcoin continues its impressive trajectory, bulls are ardently pushing the cryptocurrency ever closer to the significant $30,000 resistance mark.
Currently, Bitcoin stands at a commendable price of $29,615, marking a nearly 1.5% increase on Saturday alone.
However, as enthusiasm mounts...
Bitcoin Price Prediction as BTC Leaps toward $30,000 – Is The Bull Market Starting?
20.10.2023
The current price of Bitcoin today is a remarkable $29,599, reflecting a 3% increase in the past 24 hours.
A robust 24-hour trading activity is recorded at approximately $21.8 billion on the volume front.
As for its standing in the vast crypto arena, Bitcoin retains its crown with a #1 ranking...
Spot Bitcoin ETF Application Approvals Likely By January 10th, JPMorgan Argues – How High Can the BTC Price Pump in 2024?
20.10.2023
The US Securities and Exchange Commission's (SEC) recent decision not to appeal a ruling that went against them in the Grayscale case brings the approval of spot Bitcoin ETFs in the US closer, JPMorgan argued in a research report released earlier this week.
The first approvals are likely to come...
Bitfinex's CTO Paolo Ardoino Endorses RGB Protocol for Bitcoin Stablecoins
20.10.2023
Paolo Ardoino, the chief technology officer (CTO) at crypto exchange Bitfinex, has expressed his support for the RGB protocol as the "best opportunity" for issuing stablecoins on the Bitcoin network.
In an interview with crypto news outlet The Block, Ardoino said he sees RGB as the “rightful...
BTC approaches $30k amid Bitcoin ETF approval looms
20.10.2023
Bitcoin was once trailing below the $25 mark. The token has now surged to over $29k. It was last seen trading around $29,450.28 while drafting this post. This is an increase of 3.86% in the last 24 hours, and we hope that it will bounce back to the all-time high mark after the halving process....
Bitcoin Price Prediction: BTC Surges 9%; BlackRock & Grayscale Boost ETF Efforts
20.10.2023
Despite a challenging day for the crypto market, Bitcoin price remained steadfast above the $29,000 threshold. This stability can likely be attributed to Fidelity's recent modifications to its Bitcoin ETF proposal.
Within these changes, Fidelity delineated its strategies to safeguard customer...
Bitcoin Price Prediction as BTC Jumps 4.5%: Are Bulls Betting on U.S. ETF Approval?
19.10.2023
In today's cryptocurrency landscape, Bitcoin's price has garnered significant attention. As of October 19, the price of Bitcoin stands at $28,541, having experienced a nearly 1% rise in the past 24 hours and 7% in the last seven days.
This bullish trend has been reflected in the cryptocurrency's...
Bitcoin Could Hit $42K if BlackRock Bitcoin ETF is Approved: Matrixport
19.10.2023
Crypto financial services platform Matrixport has predicted a major Bitcoin (BTC) rally driven by favorable macroeconomic conditions and lower US inflation.
In a recent report titled "Matrix onTarget," the company noted that one notable development is the remarkable performance of Grayscale...
Grayscale and BlackRock File Updated Applications for Bitcoin Spot ETFs with the SEC
19.10.2023
Today, Grayscale Investments and BlackRock updated their applications for Bitcoin ETFs with the U.S. Securities and Exchange Commission (SEC).
These moves come amid a shifting regulatory landscape that has seen a recent court ruling favor Grayscale's previous application. The financial giants...
The Four Price Cycles: Morgan Stanley Says the Crypto Winter May Be Over
19.10.2023
Wealth management firm, Morgan Stanley opined that the crypto winter may be over ushering in the spring which indicates a slight boost in market activity.
The company explained key market concepts in a blog post aimed at analyzing the bear market, its implications, and incoming cycles before...
Arkansas Residents Outcry Over Rising Crypto Mining Nuisance, Senator Seeks Governor’s Response
19.10.2023
A senator from the US state of Arkansas is seeking answers from the governor's office as there is an increase in the outcry over unwanted cryptocurrency mines in small towns across the state.
Residents of Mountain Pine have complained over “freaking loud” noise from a new crypto-mining facility...
How Bitcoin price report by Glassnode can affect mining profitability?
19.10.2023
Glassnode’s latest report analyzes Bitcoin’s price dynamics and discloses insights that could enhance your investment strategies. Glassnode’s in-depth analysis focuses on capital rotation in digital assets, an essential factor nobody pays attention to. This report introduces...
Bitcoin Price Prediction: BTC Rises 6% Amid Israel Crisis, Taproot & Tesla AI
19.10.2023
As global events and tech advancements shape the crypto world, Bitcoin price stands resilient. Trading at $28,247 with a 0.84% decline on Thursday, its price rose 6% amidst US calls for action against Hamas' crypto use following Israel's strike.
Additionally, Bitcoin's ecosystem is enriched...
Elon Musk's Tesla Leaves Bitcoin Holdings Unchanged for Fifth Consecutive Quarter
19.10.2023
In its latest earnings report, Tesla revealed that it did not change its Bitcoin holdings for the fifth consecutive quarter.
The report, released on October 18, 2023, revealed that Tesla's balance sheet still holds 9,720 bitcoins, with a market value of approximately $275.6 million....
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Bitcoin Price Prediction as BTC Fast Approaches $29,000 Level – Here are Key Levels to Watch
19.10.2023
Bitcoin, the undisputed king of the cryptocurrency market, is once again at an inflection point. As the pioneer digital asset fast approaches the $29,000 level, traders and investors alike are keeping a keen eye on critical price levels and market indicators to gauge the next possible move....
Drivechains in Bitcoin Could Enhance Higher Throughput and Improved Privacy: Bitfinex CTO
18.10.2023
Bitfinex Chief Technology Officer (CTO) Paolo Ardoino has stated that drivechains in the Bitcoin network could be the “game changer” amid the ongoing debate surrounding the Bip-300 proposal.
This announcement was made during an exclusive interview with The Block. Ardoino cited that drivechains...
Mike Novogratz Signals Bitcoin ETF Approval Could Be on SEC's 2023 Agenda
18.10.2023
Today, Galaxy Digital's CEO Mike Novogratz shared insights on SquawkBox that signal a potential change in the SEC's stance on Bitcoin ETF approval. According to Novogratz, the SEC is showing signs of potentially approving a spot Bitcoin ETF by the year-end.
Novogratz's comments came in the wake...
Bitcoin as an inflation hedge: Analyzing the current scenario
18.10.2023
The current market condition is split in half; there is speculation about interest rates being maintained and the way in which CPI will be managed. The number for the latter has been reported to be 0.3% for September 2023. The Federal Bank, on the other hand, is showing signs of not raising rates...