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Bitcoin Price Prediction as Core Inflation Data is Announced – Can BTC Blast Past $30,000?
10.8.2023
The Bitcoin (BTC) price is little moved in the mid-$29,000s in wake of the latest core US inflation data that has reaffirmed that price pressures continue to ease in the US economy.
The Core Consumer Price Index (CPI) rose 0.2% MoM in July, in line with expected and unchanged from June, while...
Riot platforms brings down its net loss in Q2
10.8.2023
Riot Platforms is a venture that is exclusively engaged in the mining activity of Bitcoin, or BTC. The Colorado-based mining venture has revealed that it was finally able to bring down the net loss in the second quarter of 2023. When compared with the second quarter of the previous year (2022),...
Legendary trader bullish on BTC despite drop, TOADS spearheading altcoin season in 2023
9.8.2023
Despite the recent drop in the well-known Bitcoin (BTC) value, Henrik Zeberg, a legendary cryptocurrency trader, is steadfastly bullish on its future price surge. He has foreseen the potential for BTC to rebound and continue its upward trajectory in the decentralized finance (DeFi) space. While...
Bitcoin Price Prediction as BTC Approaches $30,000 Resistance – What Happens Next?
9.8.2023
On Wednesday, the price of Bitcoin continued to rise, increasing by over 2% and reaching approximately $29,500.
While it initially surged to $30,000, it settled above $29,500 due to lower trade numbers in China and a decrease in the US 10-year Treasury yield.
The worldwide cryptocurrency market...
Carlyle Group CEO David Rubenstein Says Bitcoin is Here to Stay – Here's the Latest
9.8.2023
Read More: Carlyle Group CEO David Rubenstein Says Bitcoin is Here to Stay – Here's the Latest
Exploring Bitcoin’s future: factors, impact, and implications
9.8.2023
Bitcoin, a global phenomenon with far-reaching implications, was introduced as an experimental digital currency in 2009. The cryptocurrency’s decentralized nature, scarcity, and potential for financial innovation have generated widespread interest. As conventional financial systems experience...
Bitcoin Price Prediction: BTC Gains Traction Amid Key Macro Influences and ETF Approval Hopes
9.8.2023
On Wednesday, Bitcoin (BTC/USD) is witnessing a notable surge, registering a 1.60% increase and trading at a promising $29,700.
This uptrend appears to be bolstered by key macroeconomic influences, most notably the looming CPI report and the forthcoming Federal Reserve interest rate decision. ...
Analyzing Bitcoin’s price volatility impact on the crypto industry
9.8.2023
Price volatility continues to be a part of the crypto-economy, with no specific prediction about its conclusion. As for BTC, volatility is evident from the most recent numbers, wherein the token has slipped way below the expected mark of $30k. BTC was dancing around $65,000 in 2021, which is nearly...
Bitcoin Price Prediction as $29,000 Level Holds Stable – Here are Key Levels to Watch
8.8.2023
As Bitcoin maintains its position around the $29,000 threshold, several market dynamics emerge, offering potential trajectories for the world's leading cryptocurrency.
The sentiment surrounding BTC witnessed a positive shift post the encouraging remarks by renowned investor Cathie Wood. ...
Bitcoin (BTC) Price Rallies Towards $30,000 Amid Rising Spot ETF Application Approval and PayPal Stablecoin Optimism
8.8.2023
Bitcoin (BTC) is approaching a retest of the psychologically important $30,000 amid a fresh wave of optimism about the likelihood of near-term spot bitcoin Exchange Traded Fund (ETF) application approvals, as well as optimism about crypto’s broader adoption.
The world’s first and largest digital...
Binance Sale of USDC for BTC and ETH Raises Fresh Concerns In Latest Proof-of-Reserves Report
8.8.2023
Binance's latest proof-of-reserves (PoR) report has come under scrutiny following its depleting USDC reserves after the collapse of Silvergate Bank.
The report released on Aug 1 to show transparency in the exchange’s dealings with user assets has sparked arguments across social media spaces...
Glassnode Data Reveals Bitcoin HODLers Reach New Record: Long-Term Holders Now Control More BTC Than Ever
8.8.2023
The staunchest Bitcoiners, known in industry terms as long-term holders, now control more Bitcoin (BTC) than ever before, new data from blockchain analytics firm Glassnode has revealed.
According to the data, the so-called long-term holder supply now stands at 14.599 million BTC, representing...
Cathie Wood says SEC will endorse Bitcoin ETFs
8.8.2023
Cathie Wood, who is the CEO and CIO of ARK Investment Management, is of the opinion that the Securities and Exchange Commission will endorse various spot-bitcoin ETFs together. This is contrary to her earlier understanding that her company would be the first to receive the go-ahead for...
Bitcoin Price Prediction as Bears Pull BTC Down to $29,000 Level – Where is BTC Heading Next?
8.8.2023
Bitcoin has recently held above $29,000, signaling potential positivity, but hasn't reached $30,000 yet. It's been trading between roughly $28,900 and $29,280, reflecting uncertainty.
Notably, significant Bitcoin holders are selling less, possibly indicating their confidence in its future value...
Investors Have Stopped Shorting Bitcoin for First Time in 3 Months: CoinShares Report
8.8.2023
According to the latest Coinshares Fund Report, outflows into short Bitcoin (BTC) products have ceased for the first time in fourteen weeks.
This notable shift in the market suggests that significant digital asset funds are now adopting a different strategy towards the leading cryptocurrency...
Crypto Analyst Highlights Germany's Economic Challenges and Its Surprising Implications for Crypto
7.8.2023
A weakening economy and potential recession in Germany could be positive for Bitcoin (BTC) prices, crypto analyst Marcel Pechman believes.
According to Pechman, a further fall in Germany’s gross domestic product (GDP) will likely mean that the European Central Bank (ECB) will start easing...
Bitcoin Price Prediction: Adam Back's Bet on 2024 Halving & Whales' Confidence Boost Amid Market Turbulence
7.8.2023
Bitcoin, the renowned cryptocurrency, has been facing resistance around the $29,000 mark, but it has recently managed to break above this level.
As the renowned cryptocurrency continues to navigate its way through market turbulence, two significant factors have emerged as potential catalysts...
Bitcoin Price Prediction as Daily Trading Volume Drops to $4.5 Billion – What's Going On?
6.8.2023
In the ever-fluctuating world of cryptocurrency, the Bitcoin price currently stands at $29,034, experiencing a minor uptick of less than 0.10% over the last 24 hours.
However, this movement comes amid a noticeable decrease in the daily trading volume, which has dipped to $4.5 billion.
So what's...
Bitcoin Price Prediction As Tether Depegs From $1 – Is BTC in Trouble As Well?
5.8.2023
Bitcoin's price is trading choppy above the $29,000 threshold, and has captured the attention of traders and investors. The current live price of Bitcoin stands at $29,040, with a 24-hour trading volume of $11.3 billion.
As per the recent data, Bitcoin has experienced a nearly 0.50% decline over...
Bitcoin Holds Above $29,000 Following Mixed US Jobs Report – Where Next for the BTC Price?
4.8.2023
The bitcoin (BTC) price is holding within recent ranges to the north of the $29,000 level in wake of the latest mixed US jobs report for July.
The report revealed that the US economy added 187,000 jobs in July, below the expected gain of 200,000.
Moreover, June’s job gain of 209,000 was revised...