According to the theory of four-year cycles, Bitcoin could only have a month to the bear market. This was explained by Joao Wedson, founder and CEO of the crypto analytics platform Alphractal, recently on X. Accordingly, Bitcoin could still rise to more than 140,000 US dollars in the next few weeks and then reach its […]
Strategy buys Bitcoin for $450 million
The Bitcoin rate has temporarily fallen below the 108,000 US dollar mark, but Strategy (formerly MicroStrategy) cannot be detected. In a new X-Post, Michael Saylor announces that his company has acquired 4,048 BTC for almost 450 million US dollars. With the most recent post-purchase of strategy, the average price is 110,981 US dollars per Bitcoin. […]
Venezuela’s Potential as a Bitcoin Mining Hub: Mauricio Di Bartolomeo’s Perspective
Mauricio Di Bartolomeo, co-founder of Ledn, emphasizes the growing impact of cryptocurrencies on upcoming elections in Latin America. He underscored citizens’ preference for candidates endorsing Bitcoin as a robust financial alternative. Presidents like Bukele in El Salvador and Milei in Argentina have shown that pro-bitcoin policies can be popular and effective in improving economic conditions. […]
Bitcoin Miner Withdrawals Plunge 90% Post-Halving, Signaling Weakened Sell Pressure
Bitcoin miner withdrawals have decreased by nearly 90% since the block subsidy halved, according to data from CryptoQuant. In a Quicktake post on June 28, the on-chain analytics platform suggested that miner sell pressure is “weakening.” Bitcoin miners have spent several months adjusting to the new economic reality after April’s halving, which cut their subsidy […]
Bitcoin ATM Installations Reach 38k, Below The All-time High
The global Bitcoin ATM market has seen significant growth. There are now over 38,000 Bitcoin ATMs worldwide, up from just over 10,000 in October 2020 and down by 2,000 from its all-time high (ATH) of nearly 40,000 in December 2022. According to data available on Coin ATM Radar, the global tally of installed Bitcoin ATMs […]
Michael Saylor Declares Bitcoin’s Next Wave Amid BTC Dull Market Action By U.Today
U.As we speak – MicroStrategy co-founder and chairman Michael Saylor has issued a stirring message concerning, the most important cryptocurrency by market capitalization, amid the present market stagnation. In a tweet, Saylor wrote: “Bitcoin expands your universe.” This assertion comes at a time when Bitcoin’s weekend buying and selling exercise has reached a document low. […]
Bitcoin Price Forecast – Bitcoin Continues to See Negative Pressure
Bitcoin plunged again during the trading session on Tuesday as it looks like we are desperately trying to find some type of bottom. Bitcoin Technical Analysis Bitcoin has fallen rather precipitously over the last several days and broke below the $60,000 level in the early hours of Tuesday. However, we have bounced a bit to […]
Germany Dumps 900 Bitcoins! Sell-Off Fuels Market Volatility
Germany’s government recently made significant Bitcoin transfers, sparking widespread interest and speculation within the crypto community. In two notable transactions, over 900 Bitcoins were moved, leading to heightened curiosity about the motives behind these moves. Initially, the government deposited 400 Bitcoins, valued at nearly $25 million, into two major crypto exchanges, Kraken and Coinbase. This […]
Could Bitcoin Drop to $50K before Turning Around?
Bitcoin has fallen again and again and failed to break through high resistance levels in recent weeks. This may be creating a pricing pattern that sets the coin up for a steep decline that may not end until the coin bottoms out at an extremely low level, perhaps as low as $50K, according to some […]
Donald Trump Wants a Major Increase in U.S.-Based Bitcoin Mining, and These 3 Cryptocurrencies Could Benefit
The color of Bitcoin (BTC -0.27%) may very well be altering from orange to crimson, white, and blue. That is a result of Donald Trump has pledge that, if he turns into the following president, there might be a significant improvement in Bitcoin mining operations in the US. Trump even went as far as to […]
AI Tokens Beat Bitcoin – Crypto Market’s New Favorite
With Bitcoin reaching a new ATH (all-time high) in March 2024, the crypto market has truly entered a bullish cycle. The SEC’s approval of Bitcoin ETFs, growing interest from institutional investors, and regulatory clarity have pushed BTC over 150% since last year. Yet, Bitcoin’s rally in this bull market is largely overshadowed by the remarkable […]
Bitcoin at $26.4K Set for Weekly Gain, but Rallies Might Continue to be Sold
The price of bitcoin (BTC) is modestly lower during U.S. trading hours on Friday, but at its current $26,300 is ahead about 2% from week-ago levels. The crypto began the week with sizable losses, dipping below $25,000 for the first time since mid-June over worry bankrupt crypto exchange FTX was soon to begin unloading all […]