After the April halving event, JPMorgan has warned investors that the price of bitcoin could drop as low as $42,000. The experts at the global investment bank clarified that $42K is the price point at which they “envisage bitcoin prices drifting towards once the euphoria caused by the bitcoin halving subsides after April.” Additionally, the … Read more
As the cryptocurrency market experiences ups and downs, the price of bitcoin on February 21, 2024, is a reflection of the intricate interactions between several market factors. With prices fluctuating between $50,820 and $52,902 over the course of a day, the top cryptocurrency is still seeing a lot of trading activity. With a market valuation … Read more
Since January 28, 2024, the number of daily transactions on the Bitcoin network has significantly decreased, peaking at over 600,000 and now hovering around 300,000 per day. This decline coincides with a reduction in the number of Ordinal inscriptions created each day, which eases congestion and lowers onchain costs overall. Bitcoin Network Activity Slows as … Read more
Many market observers and cryptocurrency fans are interested in knowing if there will be a brief drop in price before to the upcoming fourth halving event of the Bitcoin network. In the past, the value of bitcoin has increased six to seven months before reward halvings, but there has also always been a notable decline … Read more
Michael Saylor, executive chairman of Microstrategy, has provided an explanation of why bitcoin has emerged as “the world’s most popular investment asset.” He pointed out that the cryptocurrency has “found its footing and now people are beginning to realize that there’s 10 times as much demand for bitcoin coming in through these ETFs as there … Read more
Sometime in the second half of 2023, the billionaire Peter Thiel’s venture capital (VC) firm Founders Fund is said to have purchased bitcoin and ethereum for $200 million. According to reports, the venture capital firm started buying bitcoin when its value was less than $30,000. New Interest in Crypto from Founders Fund Bitcoin (BTC) and … Read more
The next Bitcoin difficulty retarget, which is set for February 15, 2024, is expected to signal a significant upturn in the network. According to current estimates, there would be a projected difficulty jump ranging from 8.45% to 9.2%, which would be the biggest increase in 2024 so far. Bitcoin Challenges Are Expected to Rise Sharply … Read more
21 bitcoin miners, the majority of them are Chinese, are said to have inked power supply deals with the Ethiopian state electrical provider. It appears that the African nation’s desire for foreign cash has trumped the issues frequently brought up by proponents of climate change. Ethiopia is about to become China’s Favorite Location for Bitcoin … Read more
The world of cryptocurrency investment products saw a significant shift last week, with spot bitcoin exchange-traded funds (ETFs) emerging as the market leaders. These funds drew $1.1 billion in inflows, which is the largest amount of assets under management (AUM) since early 2022, according to a recent Coinshares report. Spot Bitcoin ETFs are king with … Read more
On Monday, the value of Bitcoin on the spot market surged above $49K, escaping the day’s early trading boundaries. With a 3.7% gain in the last day and a noteworthy 15.6% climb over the course of the week, the top digital currency by market cap quickly hit $50,000. Bitcoin Breaks the $49K Barrier, and Bulls … Read more