The chief developer of the cryptocurrency block explorer Blockchair, Nikita Zhavoronkov, has voiced his worries on the declining security budget of Bitcoin. Zhavoronkov said that in order to counteract the security impact of the most recent reduction, the network must endure persistently high costs. Fees have restored to normal after Runes were issued after the … Read more
While bitcoin has performed steadily over the last ninety days, the price rise of 19 other cryptocurrencies has surpassed that of the top digital asset. But since early April, the Altcoin Season Index—which compares these cryptocurrencies’ performance to bitcoin—has fallen from 59 to 39, indicating that an altcoin season is unlikely to occur very soon. … Read more
On April 15, 2024, the price of bitcoin shows a mixed picture of consolidation and faint signs of recovery, indicating a pivotal point for possible bullish or negative developments. Bitcoin The 1-hour chart shows that the market is undecided right now, but the 4-hour and daily charts point to underlying moves that might affect how … Read more
Concerns have been raised concerning President Bukele’s declaration last week that 5,690 Bitcoins belonged to the nation when he moved them all to a cold wallet, according to reports from the local press in El Salvador. Journalist Moises Alvarado discovered that while 20% of the money in this wallet originated from Chivo Wallet, the national … Read more
According to recent data, open interest in bitcoin futures and options has significantly increased over the past several weeks on a number of trading platforms. QCP Capital’s observations on Monday revealed a significant interest in long-term September and December bitcoin calls that target the high six-figure price ranges. Confidence soars as Bitcoin wagers surpass $100,000. … Read more
Mike Novogratz, the CEO of Galaxy Digital, is adamant that bitcoin will hit $100,000 this year. He clarified, saying that there are currently more buyers and sellers and that exchange-traded funds (ETFs) for bitcoin are experiencing “runaway momentum.” Furthermore, he mentioned a “new phase of bitcoin” as baby boomers enter the asset class. He went … Read more
Rich Dad, Poor Dad Author Robert Kiyosaki believes that bitcoin is “on fire” and that it will reach $300,000 this year. This week, the demand for spot bitcoin exchange-traded funds (ETFs) skyrocketed, sending the price of bitcoin to all-time highs. Robert Kiyosaki: Bitcoin Could Reach $300,000 Robert Kiyosaki, the author of Rich Dad Poor Dad, … Read more
The price of bitcoin reached an all-time high of $69,000 on Tuesday and is still hovering around that level. However, on-chain data source CryptoQuant, which provides crypto market statistics, suggests that a temporary stop or correction may be coming because prices have climbed too quickly. Just as prices were getting close to all-time highs, data … Read more
A sizable number of historical bitcoins, which date from 2010 to 2017, have been transferred for the first time since they were initially created, just as the price of the cryptocurrency is about to break all previous records. Based on available information, in the first week of March 2024, 4,237.73 old bitcoins worth over $283 … Read more
Because of a “massive supply-demand dynamic,” according to Bitwise’s chief investment officer, the price of bitcoin might rise above $200K this year. He emphasizes that there is “too much demand and not enough supply” for the cryptocurrency. Because of spot bitcoin exchange-traded funds (ETFs), he predicted “an even bigger wave” of demand for the cryptocurrency, … Read more