[ad_1] TL;DR Bitcoin (BTC) hit an all-time high of over $73,000 in mid-March 2024, with predictions it could reach $150,000 by year-end. Analysts see potential for a BTC rally if it surpasses key resistance levels, with targets around $65,000 to $67,000 to be reached sometime this month. BTC is Yet to Make the Headlines? Despite […]
[ad_1] The world of cryptocurrency is witnessing a boom in accessibility, with Bitcoin ATMs leading the charge. From a meager 10,000 in October 2020, the number of these cash-to-crypto converters has ballooned to over 38,000 globally. This surge isn’t just a fad; experts predict continued growth fueled by a perfect storm of convenience, profitability, and […]
[ad_1] Bitcoin miners are currently facing significant “capitulation,” pushing them to innovate for additional revenues. Bitcoin miner capitulation occurs when miners are forced to shut down due to unprofitability or unsustainable operating costs. This can happen when the cost of mining (including electricity, hardware, and operational expenses) exceeds the revenue generated from mining the bellwether […]
[ad_1] Analysts at market intelligence platform CryptoQuant have outlined on-chain metrics that could signal that the bitcoin (BTC) price has bottomed and cryptocurrencies are beginning to rally again. The latest weekly CryptoQuant report mentioned signals like higher bullish momentum, rising BTC demand, and faster stablecoin liquidity growth as the metrics to watch. Higher Bullish Momentum […]
[ad_1] It is no secret that Bitcoin miners are currently experiencing significant financial stress, especially following the completion of the fourth halving event. As a result, these vital network participants are being forced to offload their BTC holdings to offset the increasing operational costs. Interestingly, the latest on-chain data shows that the Bitcoin market is […]
[ad_1] According to blockchain analytics platform Lookonchain, a Bitcoin wallet that had been inactive for 14 years has reemerged. The entity deposited 50 BTC worth around $3.05M to Binance. Early Bitcoin Miner Wallet Moves 50 BTC The dormant wallet, belonging to an early Bitcoin miner, sprang to life on Thursday, moving its entire balance of […]
[ad_1] The Bitcoin price has been under significant bearish pressure in the past few weeks, and this crypto researcher has explained the role of demand in the market correction. BTC Apparent Demand Is Falling – Cause For Alarm? In a recent post on the X platform, CryptoQuant’s head of research Julio Moreno explained how the […]
[ad_1] The highlight anticipated presidential debate between Donald Trump and Joe Biden did not feature any discussion about Bitcoin or crypto. This was notable given how much attention the industry has garnered this year. Despite this, experts believe that if Trump were re-elected, it could signal a shift toward more favorable regulatory conditions for the […]
[ad_1] Bitcoin sustained a more than 6% decline over the past week. The back-to-back corrections temporarily pushed the asset below $60,000. Although it has rebounded since then, its recovery appears to have stalled around $61,500, causing concern among investors about further losses. This is especially true as the US government transferred 3,940 BTC to Coinbase […]
[ad_1] Bitcoin (BTC) and the broader crypto market are at risk of a further downtrend following a recent development involving the US and German governments. On-chain data suggests that both governments are looking to offload a substantial amount of their BTC holdings. US Government Send $240 Million In Bitcoin To Coinbase Prime On-chain analytics platform […]
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