Bitcoin experienced a rollercoaster ride in value recently due to volatile cryptocurrency markets, with its price falling 15.98% from its record high of $73,750.07, nearing the danger zone below $60,000. This decline was partly triggered by escalating geopolitical tensions in the Middle East. The impending Bitcoin halving event on April 20, 2024, added to the … Read more
Bitcoin, the front-runner among cryptocurrencies, is garnering attention once again. Anthony Scaramucci, SkyBridge Capital’s founder, has made a bold prediction: Bitcoin could soar to an astonishing $200,000 in the future. This digital currency continues to attract investors globally with its growing popularity. Scaramucci Optimistic About Bitcoin Long-Term Growth During an interview on CNBC’s Squawk Box … Read more
The Terra Luna Classic community is taking actions to shield the chain from spam assaults and has put forth various suggestions. One suggestion, which has been proposed, involves a tenfold rise in gas fees. Its advocates argue that the existing transaction fees are insufficiently high, making attacks both viable and affordable. Terra Luna Classic 10X … Read more
Investors keep a keen eye on Cardano‘s (ADA) price movements amidst the volatile cryptocurrency market. With other crypto assets displaying early signs of bouncing back, Cardano’s price has followed suit, increasing in tandem and mirroring renewed investor faith. Significantly, during this period, well-known cryptocurrency expert Ali Martinez has made a bullish prediction for ADA. He … Read more
Singaporian payments company Triple-A has taken a forward-thinking step by announcing plans to add PayPal’s stablecoin as an option for merchants using their platform. This integration underscores Triple-A’s eagerness to adopt new financial technologies. As the first cryptocurrency payments firm with a license in Singapore, Triple-A demonstrates its dedication to innovation and regulatory adherence. Triple-A’s … Read more
In a recent update on his social media platforms, renowned Bitcoin trader Peter Brandt suggested that a significant price shift could be imminent for the cryptocurrency, potentially leading to a noticeable increase in its value. In a presented chart, Brandt noted a consistent pattern in Bitcoin’s market fluctuations, dividing it into three stages: 1) Hump-Slump, … Read more
Peter Schiff, a well-known critic of Bitcoin, shared his perspective on the cryptocurrency’s performance during market volatility recently. His analysis showed a significant difference between Bitcoin and the traditional safe-asset, gold. During a recent market dip caused by heightened geopolitical tensions, the Dow Jones Index saw a decrease of 1.5%, while Bitcoin experienced a more … Read more
In simple terms, over the past five days, investors have been withdrawing money from Bitcoin ETFs in the US market, suggesting a decline in confidence or interest. Yesterday saw a withdrawal of approximately $4.38 million from spot Bitcoin ETFs and an impressive $89.99 million from Grayscale’s GBTC fund, contributing to its record total outflow of … Read more
Bitwise’s CEO, Hunter Horsley, highlighted the quiet but significant increase in Bitcoin (BTC) use among registered investment advisors (RIAs) and multi-family offices. He also emphasized that this adoption by financial institutions tends to be discreet. Bitwise CEO Highlights Growing Bitcoin Adoption Many RIAs and multi-family offices are currently purchasing bitcoin in secret, according to a … Read more
In a few hours, Bitcoin‘s reward for mining will be reduced from 6.25 BTC to half that amount. This event, called a halving, is significant and often results in heightened interest in Bitcoin. Additionally, the period following a halving is an important moment for crypto investors to consider their holdings. The cryptocurrency market is on … Read more