Investors, analysts, and experts have been predicting that the price of Bitcoin will increase after the planned 2024 halving despite a declining cryptocurrency market. The next halving of Bitcoin is scheduled for March 24th, 2024, and is anticipated to increase the price of cryptocurrencies. However, according to one analyst, Bitcoin is all set to defy...Read More
Despite the massive bull market in 2020 and 2021, institutions have remained on the crypto sidelines and feel relieved about it. This is what a JPMorgan senior investment strategist argued recently, indicating that the interest in the asset class from such investors is “effectively nonexistent.” The most notable bull run in the cryptocurrency market started...Read More
Legendary investor Bill Miller continues to be bullish on Bitcoin despite the crypto asset being hit by a brutal sell-off this year. The Baltimore investing giant rose to prominence by outperforming the S&P 500 annually from 1991 to 2005. He subsequently served as the chairman and chief investment officer of Miller Value Partners, which had...Read More
Bitcoin price is constantly trying to jump beyond the crucial renaissance very close to $17,000 but facing major turbulence in slicing through $16,900. Meanwhile, the altcoins are also facing much heat as the bearish cartel has strengthened its roots at the moment. Besides the speculations of the bear market reaching the climax are hovering within...Read More
The Bitcoin-focused investment group, New York Digital Investment Group (NYDIG), released a report in September examining how Bitcoin’s protocol has managed to attract such wide adoption despite its tiny developer ecosystem. Here are the highlights: The network, which launched in early January 2009, has only 40-60 monthly active developers, according to the report. This is...Read More
The cryptocurrency market still aspires to move past the mistakes of the past, despite the fact that 2022 was an eventful year with many tragic events. Many analysts had previously expected that bitcoin would reach a fat six-digit target by 2022, but it appears that they have since gotten impatient because of the current market...Read More
Twitter introduced a new cryptocurrency feature on its platform that allows users to check the current price of bitcoin (BTC) and ether (ETH). The graphics display the logo of the market tracking site Trading View and a link directing to Robinhood. It remains unknown whether those two were somehow involved with the new feature. Twitter’s...Read More
DataDash founder a veteran crypto analyst Nicholas Merten predicts more pain ahead for Bitcoin’s price based on a combination of technical indicators and macroeconomic pressures. The analyst referenced price charts for three different assets to back up his claim: BTC, ETH, and AAPL. Where Bitcoin’s Price Will Crumble In a video published on Wednesday, Merten...Read More
In a market outlook report published on Dec. 20, Coinbase Institutional stated that the crypto winter will extend well into 2023, especially for altcoins. Company analysts expect digital asset selection will transition towards “higher quality names” like Bitcoin and Ethereum. This is based on several factors, such as sustainable tokenomics, the maturity of respective ecosystems,...Read More
FTX’s collapse has shaken the crypto market to the very core. But this isn’t the first time the space has experienced significant turmoil related to the failure of an exchange. The fall of Mt. Gox, an exchange that oversaw 80% of all Bitcoin trades back in February 2014, did likewise. Its former chief executive officer...Read More
The number of bitcoin automated teller machines (ATMs) has surged in accordance with the development of the cryptocurrency industry. The first such machine saw the light of day in October 2013. Needless to say, the industry has expanded by leaps and bounds since then, propelling massive interest and, in turn, more ATMs. Currently, there are...Read More
Will Bitcoin Price Make it to $18,500 This Month? The trade setup of the BTC price displays it to be in a decisive phase, where both the possibilities of a notable jump and a minor pullback may be expected. The price may either rise beyond $18,500 to reach $19,000 or else drop hard to test...Read More
The crypto space is again bleeding, now with the fresh FUD over the world’s largest exchange Binance. Meanwhile, Bitcoin price is displaying some strength, as Ethereum price has slid down slightly. However, the spotlight was on Binance Coin(BNB) which slumped hard by nearly 20% since the early trading hours. However, the circulating Binance FUD is...Read More
CNBC’s “Your Money Survey” estimated that 60% of the American participants consider the risk of investing in cryptocurrencies to be high. Just 5% of the respondents believe it is entirely safe to allocate some wealth to the asset class. Crypto Looks Riskier to Americans The decline of the cryptocurrency market, as well as the various...Read More
After maintaining a notable upswing during the previous day’s trade, the Bitcoin price corrects itself slightly by dropping by more than 4%. While the trading volume remains relatively high, the possibility of mounted selling pressure over the token since the early training hours. However, a popular crypto analyst, Micheal van de Poppe, in his new...Read More
In November, the U.S. consumer price index (CPI) rose 0.1% from the previous month, slower than the 0.4% pace in October. This is a sign that the Federal Reserve’s efforts to bring down inflation are making progress. The data also boosted cryptocurrency prices, as less-worrisome consumer-price increases may give the Fed more room to relax...Read More
Popular Youtuber Nicholas Merten (DataDash) argued that investors have not rushed to “buy the dip” on worries of the inflation numbers, which clocked in lower than the expectations earlier today. Based on his research, the number of people buying and selling BTC has been dropping each week recently, which indicates that its price will likely...Read More
Crypto and Bitcoin markets are heading for a lull period if the on-chain activity is anything to go by. In its last weekly on-chain report for the year, analytics provider Glassnode reported that Bitcoin annualized realized volatility has been the lowest since October 2020. The metric matches similar low volatility levels at the previous cycle...Read More
BitMEX co-founder and renowned crypto essayist, Arthur Hayes, thinks the worst of this year’s Bitcoin bear market has come to pass. The former CEO believes the three major cohorts of forced Bitcoin sellers – trading firms, miners, and speculators – have already capitulated, marking the bottom of Bitcoin’s market cycle. How Bitcoin Gets Dumped As...Read More
The bear market has been relentless. The little upward momentum gathered last week came to halt. For the most part, the price action has been at the mercy of good and bad news. The whales are hibernating, and with little volatility, Bitcoin is, by far and large, directionless. But experts are impatiently gearing up for...Read More
Ray Youssef – Chief Executive Officer of crypto platform Paxful – said customers should never keep their bitcoin holdings on centralized exchanges. Instead, they must self-custody their possession to prevent becoming victims in another crash similar to the FTX one. Don’t Trust Centralized Entities Youseff urged market participants to store their bitcoin in self-custody wallets. He...Read More
Huobi Research, an affiliate of Huobi Global, estimated in its Global Crypto Annual 2022-2023 Report that the prices of bitcoin and ether will start surging after the first quarter of 2023. Until then, they might find a bottom at $15,000 and $1,000, respectively. The company touched upon the FTX’s meltdown, describing it as “one of...Read More
The Bitcoin (BTC) price appears to be on the brink of consolidation & expected to face a minor rejection in the short term. The rejection may enable the price to form new lows for the current bearish cycle which may further trigger a massive rebound. That said, the possibility of closing the yearly trade on...Read More
An independent global auditor has confirmed that all Bitcoin circulating on Binance – the world’s largest crypto exchange – is fully accounted for. The audit allows any user of the exchange to confirm the safety of their Bitcoin balance using on-chain data. As verified by the Mazars Veriitas auditing service, Binance’s Bitcoin was 101% collateralized...Read More
Bitcoin and crypto markets are a full year into bear territory, and it has been about that time when the cycle bottom occurs. During the previous bear market, it came in December 2018, a year after the Bitcoin price peak. This time around, BTC has fallen 75% from its peak a year ago, and bottom...Read More
Jordan Belfort – the infamous stock broker whose story inspired Martin Scorsese’s film “The Wolf of Wall Street” – thinks the only two cryptocurrencies investors should deal with at the moment are bitcoin (BTC) and ether (ETH). He cautioned people should invest only a small amount of their total portfolio in crypto due to the...Read More
Bitcoin payments platform Strike has now expanded to Africa, enabling instant and low-cost remittances to the continent by leveraging its new “Send Globally” feature. The tool, available to all American Strike users, will offer initial coverage to Nigeria, Kenya, and Ghana. Bringing Bitcoin to Africa As announced by Strike on Tuesday, the feature was launched...Read More
Eric Robertsen – Global Head of Research at Standard Chartered – thinks bitcoin could tumble to $5,000 next year as more cryptocurrency firms might experience liquidity issues. He believes 2023 could be prosperous for gold, envisioning the yellow metal’s price to surge to $2,250 per ounce. Next Year’s Potential Trends As reported by CNBC, Robertson...Read More
El Salvador became the first country in the world to adopt Bitcoin as a legal tender. Fast forward to this year, the crisis worsened in the already battered crypto industry. But President Nayib Bukele plans on doubling down further. After pledging that the government would purchase one Bitcoin every day going forward, despite the meltdown,...Read More
The king cryptocurrency, Bitcoin, finally crossed the important $17,000 resistance level on December 5 and is currently marching towards $17,600. Due to the uncertainties surrounding the FTX collapse, the leading cryptocurrency fell to a yearly low of $15,700 in November 2022. The price of bitcoin has dropped nearly 74% since reaching an all-time high of...Read More
