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Bitcoin (BTC)

Trump Seen as Pro-Innovation Candidate by Crypto and TradFi Startups: Bitfinex

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 crypto industry in the US. Trump a Preferred Candidate? In a statement to CryptoPotato, Bitfinex analysts highlighted Trump’s...

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Reduced Bitcoin Miner Sell-Off Could Spark Bull Run in Q3 2024

Bitcoin miners have been one of the key players causing market declines as they engaged in intense selling after the latest halving event which slashed the mining rewards from 6.25 to 3.125 BTC earlier this year. However, the latest data suggest that the selling pressure from these entities has significantly decreased. Such a trend could potentially bolster the asset’s price and trigger a market-wide surge. Weakening Miner Sell Pressure The recent bearish market conditions...

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Here’s Why Bitcoin Cash is Up 16% as 99Bitcoins Token Also Posts Gains

Bitcoin Cash (BCH) is back in the spotlight with a hefty 16% pump this week. The OG Bitcoin’s famous spin-off seems to be finding its groove, reminding everyone that it’s still a top altcoin. At the same time, a new project called 99Bitcoins Token (99BTC) is performing well in its presale phase – proving that there’s always room for innovation in the crypto market. BCH Price Rallies as Bullish Technicals Align Bitcoin Cash is on a tear, climbing to $399 after dropping as low...

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Crypto Analyst Compares 2024 to 1995, Forecasts Bitcoin Bubble on the Horizon

There will be no sharp correction following any potential interest rate cuts by the U.S. central bank in September or November. This is the prediction from analyst ‘RamenPanda’ who explained their thinking in a lengthy post on X on June 27. The analyst noted that during times of financial crisis, such as in 2008, the Fed cuts rates to preserve the economy. However, in that scenario, markets fared worse, and stocks fell following the cuts. We all know it’s pretty certain that...

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Bitcoin Miner CleanSpark (CLSK) Buys Out GRIID In $155 Million Stock Transaction

CleanSpark (CLSK) – one of the largest publicly traded Bitcoin mining firms – announced on Thursday that it had acquired one of its smaller competitors, GRIID Infrastructure, in an all-stock deal. The $155 million deal immediately brings 20 megawatts (MW) of additional power to CleanSpark to bolster its mining operations. Another 400 MW of power is expected to be added in Tennessee over the next two years. CleanSpark Acquired GRIID For $155 Million The merger agreement...

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Dormant Bitcoin Miner Wallet Resurfaces After 14 Years, Transfers 50 BTC to Binance

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 50 BTC worth roughly $3.05 million to the cryptocurrency exchange Binance. A miner wallet woke up after being dormant for 14 years and...

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