Tag Archives: Bitcoin News

The Bitcoin network is breaking records beyond its native asset, BTC, hitting prices unseen by other cryptos. It is now a top three NFT ecosystem by sales generated through all-time sales volumes, hitting $4,271,928,280 and pushing the Ronin chain down to the fourth spot. As protocols like Ordinals and Rune bring new use cases to the legacy chain, Bitcoin has transformed into an established NFT ecosystem. Enthusiasts take to the first-ever blockchain in droves to get their hands on NFTs,...

El Salvadoran president Nayib Bukele is advancing a proposal that will create ‘Banks for Private Investment’ (BPI) offering increased financial services with fewer restrictions to Bitcoin and Dollar investors. Bukele has been a proponent of Bitcoin adoption in the country, making it BTC legal tender in 2021. In fact, El Salvador was the first nation to do so. As his second presidential term rolls on, he is pushing for the introduction of BPIs working differently than the country’s traditional...

Despite news this week of inflation rates lower than expected, top cryptos failed to capitalize for longer periods, leaving many disappointed and causing a wave of liquidations. BTC dropped from over $70,000 last week to below $67,000 early this week. With the inflation report released on Wednesday, it sharply rose back to about $70,000, only to fall again. It hit concerning lows of around $65,100 in a single hour on Thursday, dropping 2% from $67,000, leaving many holders and traders worried...

June 11 saw Bitcoin Whales purchase over $1.30 billion worth of the asset, or 20,600 BTC, to be precise. The massive interest was driven by falling BTC prices, pushing whales to bag more of it to profit later. Increased whale activity is a good sign and often associated with asset prices rising soon. This accumulation marks the most BTCs bought since February 28 as BTC rallied tremendously, rapidly moving toward the $60,000 mark. Another pointer toward BTC’s price rise in the coming months...

BTC ETFs saw $226.2 million in net outflows in a single day yesterday as bitcoin struggles to rise in price. The outflows from the regulated financial products are reminiscent of what occurred at the end of April, as $1.2 billion moved out of BTC ETFs. Presently, the ETFs have seen net withdrawals amounting to $564 million over the past three days despite Wednesday observing inflows. The net outflows in the following days can possibly match April’s six-day outflows of over a billion....

CoinspeakerQCP: Crypto to See Quiet Summer as Miners Witness Post-Halving Capitulation The analysis states that Ethereum currently presents a strategic opportunity for traders. For the short term, QCP Capital reiterated its prediction of no major immediate price movements for ETH. QCP: Crypto to See Quiet Summer as Miners Witness Post-Halving Capitulation

CoinspeakerNiceHash and Marathon Digital Link Up to Launch Custom Firmware One perk of utilizing the product is that miners who do so will only have to pay a 2% firmware fee, a figure lower than industry standard. NiceHash and Marathon Digital Link Up to Launch Custom Firmware

CoinspeakerEnvironmental Activists Blame Wall Street for Funding Bitcoin Mining Emissions Greenpeace also accused banks of hypocrisy, noting that they promote green and sustainability goals while simultaneously investing in or financing the crypto mining industry for profits. Environmental Activists Blame Wall Street for Funding Bitcoin Mining Emissions

CoinspeakerBernstein Predicts Bitcoin (BTC) Price to Reach $1M by 2033 Gautam Chhugani and Mahika Sapra from Bernstein also believe that the digital currency could reach a circle-high of $200,000 by 2025. Bernstein Predicts Bitcoin (BTC) Price to Reach $1M by 2033

US presidential candidate and former US president Donald Trump is using crypto as a focal point of his current campaign – a twist from his previous term in which he called Bitcoin a scam. Now, he looks to make the US the center of crypto innovation and be the ‘crypto president’. In his latest move, he urged to make the US the most robust Bitcoin mining jurisdiction. His post on Truth Social read, “We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY...