British multinational bank Standard Chartered has increased its prediction for Bitcoin’s price by 50%, forecasting that the leading digital asset will be worth $150,000 by the end of 2024. According to a CoinDesk report, the bank expects BTC to hit a record high of $250,000 by 2025 before rounding off the bull cycle around $200,000....Read More
“It’s officially Fed week, the week we’ve all been waiting for,” exclaimed macroeconomics outlet The Kobeissi Letter on March 17. The US Central Bank will make its highly anticipated announcement on March 20, which will set the tone for the US’s economic outlook going forward. Key Events This Week: 1. Housing Starts data – Tuesday...Read More
Following his arrest nearly three years ago, a Jury in a US federal district court found Roman Sterlingov, operator of the crypto mixer Bitcoin Fog, guilty of a four-count charge regarding money laundering. The founder of Bitcoin Fog faces up to a maximum of 50 years in prison for all his charges. Sterlingov Convicted According...Read More
2022-2023 was an excellent period for naysayers who crushed, denounced, lambasted, and even proclaimed Bitcoin (BTC) is “dead.” A “dark age” where there appeared to be little hope that the primary cryptocurrency would once again rise or even exceed its previous peaks. However, BTC always seems to have the final word (at least, it has...Read More
In the past few days, Bitcoin (BTC) has fallen from its newly recorded highs to levels not seen in a week, triggering millions in liquidations. Analysts have revealed that the Coinbase Bitcoin Premium Index flashed a bearish signal before BTC slumped. According to an analysis by CryptoQuant, the Coinbase Premium Index dipped below 0.05 some...Read More
Despite the most recent retracements in the crypto markets, the overall trend in the past several months has been quite bullish, leading to a new all-time high for Bitcoin and a multi-year peak for Ethereum. Consequently, their market capitalizations increased as well a lot lately and that made them some of the largest financial assets...Read More
El Salvador, the pioneering country that approved Bitcoin as legal tender, has consistently adhered to its HODL strategy, even amidst the market crash from two years ago and the massive rise toward new ATH this week. The country initiated its Bitcoin purchases in September 2021, when Bitcoin was valued at $51,769. El Salvador Boasts Huge...Read More
Crypto industry veterans and investors are debating whether Bitcoin (BTC) or MicroStrategy (MSTR) is a better buy following several weeks of stellar performance for both assets. Since the start of the year, Bitcoin has rallied 54% on the back of massive demand for newly launched Bitcoin ETFs, whose shares have appreciated at the same rate...Read More
Renowned American author and businessman Robert Kiyosaki has once again expressed his support for Bitcoin (BTC), praising its superiority over traditional assets like gold, silver, and oil. In a recent tweet, Kiyosaki elaborated on why he believes Bitcoin stands out among these assets. Bitcoin’s Fixed Supply Advantage Acknowledging his ownership of gold and silver mines...Read More
American investment management firm VanEck thinks spot Ethereum exchange-traded funds (ETFs) could become bigger than similar Bitcoin products after the United States Securities and Exchange Commission (SEC) eventually approves them in the coming months. In a recent interview, Pranav Kanade, portfolio manager of VanEck, one of the issuers of the spot Bitcoin ETFs launched in...Read More
Diehard gold bug and notorious crypto critic Peter Schiff has finally admitted that he regrets not buying Bitcoin (BTC). “Of course – I’m not an idiot,” said Schiff during an interview published on Tuesday, when asked if he’d have bought the digital currency sooner if he could go back in time. Peter Schiff Regrets Fading...Read More
According to a decision by Judge James Mellor on March 14, as reported by BitMEX Research, Craig Wright, an Australian computer scientist who has claimed since 2016 to be Satoshi Nakamoto, the enigmatic founder of the Bitcoin network, is not the real Nakamoto. The lawsuit, initiated by the Crypto Open Patent Alliance (COPA) against Wright,...Read More
Adam Back, a British cryptographer and co-founder of blockchain tech company Blockstream, believes Bitcoin (BTC) reaching $100,000 is way overdue and a matter of when, not if. According to a Thursday tweet by the famous Bitcoin proponent, there is little market euphoria as the leading digital asset records $1,000-$5,000 green candles because the community expects...Read More
MicroStrategy, the world’s largest corporate holder of Bitcoin (BTC), has announced another senior note offering for $500 million, with which proceeds will be used to purchase even more Bitcoin. At current prices, the next purchase is expected to take the company’s holdings beyond 210,000 coins – over 1% of the entire Bitcoin supply that will...Read More
Bitwise CIO Matt Hougan is spreading the word about his company’s Bitcoin spot ETF to potential investors, and has discovered how the digital currency is being perceived by finance pros. “I am no longer surprised at the size of the inflows into the Bitcoin ETFs,” Hougan wrote to X on Wednesday, noting high demand among...Read More
The future is not assured until it has passed, but successful cryptocurrency investors have relied on how powerful the recurring patterns are in these historical trends. Here are 12 Bitcoin halving cycle protips from crypto influencers on X, the social media website formerly known as Twitter. 1. It’s Still Early On This Halving Cycle Like...Read More
Following the deployment of the Dencun upgrade at 1:55 PM UTC today, the Ethereum market encountered resistance in sustaining its position around the $4,100 mark, triggering a selling wave. Consequently, the price of Ethereum dipped beneath Fibonacci retracement levels, losing the key milestone of $4,000. Presently, market sentiment for Ethereum is shifting towards a bearish...Read More
In a recent thread on X, CryptoQuant founder Ki Young Ju raised concerns about the continuous influx of capital into spot Bitcoin ETFs, warning of a potential sell-side liquidity crisis within six months if the trend persists. Ju’s remarks come amidst a surge in spot Bitcoin ETF inflows, surpassing the $10 billion inflow mark for...Read More
JPMorgan CEO Jamie Dimon believes citizens should have every right to buy Bitcoin (BTC) if they want to – even if it’s a haven for criminal activity. “I defend your right to smoke a cigarette, [and] I’ll defend your right to buy a Bitcoin,” said Dimon at the Australian Financial Review summit in Sydney, according...Read More
The alternative cryptocurrency (altcoin) sector is still reveling in its resurgence due to persistent investor interest in such digital assets amid Bitcoin’s (BTC) rally to a new all-time high of $72,000. Analysts at the crypto exchange Bitfinex revealed in the latest weekly report that investor interest in altcoins is diversifying to meme coins and artificial...Read More
Bitcoin’s rally breaking into a new all-time high above $70,000 has been unconventional for several reasons. Interestingly, the leading crypto asset is still in its early stages and has a long way to go, according to most experts. In fact, analysts are now weighing in on Bitcoin’s trajectory and expect it to climax in early...Read More
Retail interest in the cryptocurrency market appears to be ramping up following Bitcoin’s rise to $70,000 and above. According to a Tuesday tweet thread, Ki Young Ju, founder and CEO of on-chain intelligence platform CryptoQuant, believes the crypto market is likely halfway to a Bitcoin Euphoria because half of the retail crowd has arrived. Halfway...Read More
The number of new “millionaire” wallets for Bitcoin (BTC) has risen to about 1,500 daily after the cryptocurrency’s price surged to $72,000 recently. However, this increase is modest compared to the daily creation of new millionaires during the previous bull market. The leading cryptocurrency by market capitalization has experienced a 70% price surge since the...Read More
Funds have been flowing out of the Grayscale Bitcoin Trust (GBTC) for more than two months. Moreover, March 11 was the largest outflow for the month. A whopping $494 million worth of BTC exited the fund yesterday. This works out at 6,850 BTC, according to BitMEX Research, which labeled it a record outflow. The BitMEX...Read More
The U.S. government will likely seize citizens’ assets in an impending fiscal collapse – but Bitcoin will save the day when it happens, according to ex-Coinbase CTO Balaji Srinivasan. The tech entrepreneur and Bitcoin bull, who forfeited $1.5 million in a high-profile bet on Bitcoin’s price last year, is again raising concerns about the United...Read More
Business intelligence firm MicroStrategy has completed a $800 million fundraising effort to purchase additional Bitcoin (BTC). The company also used some excess cash and acquired 12,000 BTC, with its total holdings now well above 200,000 BTC. MicroStrategy has acquired an additional 12,000 BTC for ~$821.7M using proceeds from convertible notes & excess cash for ~$68,477...Read More
The Stanford Blyth Fund, a student-run investment entity at the university, purchased Bitcoin (BTC) at $45,000 in February after a scholar pitched the asset during a meeting. According to a tweet by Kole Lee, a computer science major and leader at the Stanford Blockchain Club, the Blyth Fund has allocated approximately 7% of its portfolio...Read More
Fidelity Digital Assets have stated in a recent report that while Bitcoin (BTC) holders typically anticipate the quadrennial reward halving to boost prices, miners must actively strategize to plan for the upcoming event to prevent going bankrupt. Notably, the halving event, expected on or around April 19, will reduce their earned Bitcoin by 50%. Bitcoin...Read More
On March 8, on-chain analytics provider Santiment reported that despite the incredible milestone for Bitcoin, “there is a combined sense of exhaustion and altcoin distraction coming from the trading community right now.” BTC prices briefly topped $70,000 on Coinbase on Friday marking a new all-time high for the digital asset. However, it sharply retreated from this...Read More
Bitcoin accumulation addresses are witnessing record inflows following Bitcoin’s (BTC) surge to its all-time high of $69,000 and the subsequent retracement. According to a weekly report by CryptoQuant, daily inflows into Bitcoin accumulation addresses have risen to 38,000 BTC, pushing the total holdings of such wallets to record-high levels of 1.5 million BTC. Accumulation Addresses...Read More
