Tag Archives: Bitcoin News

Despite the selling pressure, Bitcoin has outperformed the broader crypto market with its market share crossing over 50%. Bitcoin and the broader cryptocurrency market have come under selling pressure amid rising geopolitical uncertainties and a recent war eruption between Israel and Palestine. The developments led to more than $100 million in bull call liquidations in futures positions. Also, the broader cryptocurrency market slid by a staggering 2%. Interestingly, in comparison to...

According to Zhao, the effects of a halving usually take time to materialize. The cryptocurrency industry is awash with anticipation as the all-important Bitcoin halving event date draws closer. However, there have also been many predictions for what may happen in the aftermath of the event, which is expected to take place in April 2024. One such Bitcoin halving prediction is that of Binance CEO Changpeng Zhao (CZ). Zhao recently shared some insights from the previous three Bitcoin...

Hayes based his bullish prediction on several key factors. He pointed to the potential economic downturn and financial crisis, which could lead to near-zero interest rates, creating favorable conditions for Bitcoin’s growth. Cryptocurrency expert and former Bitmex CEO Arthur Hayes has expressed strong optimism regarding the future of Bitcoin. During an interview on Tom Bilyeu’s YouTube channel, he suggested that Bitcoin’s value could skyrocket to between $750,000 and $1 million by 2026....

Bitcoin price started a fresh decline from the $28,500 zone against the US Dollar. The price is now trading above $27,000 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $27,220 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $26,600 support zone. Bitcoin price is declining below $28,500 against the US Dollar. BTC might eye another...

The US Treasury Yield has reached levels not seen since 2007 thereby denting the demand for riskier assets such as Bitcoin and altcoins. After a strong start to October and Q4 2023, Bitcoin (BTC) price has dropped by 3% in the last 24 hours moving under $28,000. This happened amid some profit-taking as well as the global macro setup and the rising bond yield. Cryptocurrency markets experienced a Monday rally driven by optimism surrounding ETFs, which traders hoped would inject fresh...

Ross Ulbricht’s case has garnered significant public attention, and numerous individuals have advocated for clemency for the website’s founder. Ross Ulbricht, the founder of the now-defunct online black market Silk Road, has reached the somber milestone of a decade behind bars. In 2013, US authorities sentenced him to a double life sentence. On October 2, Ulbricht shared on social media his concerns about potentially spending the rest of his life “behind concrete walls and locked doors”....

While the recent price surge brought joy to long-term investors and HODLers, short sellers are notably facing a different fate. On October 1, the crypto market witnessed spectacular price increases, with Bitcoin (BTC) exceeding $28,000 and Ethereum (ETH) surging past $1,700, prompting more than $70 million in short positions to be liquidated in a matter of minutes. The Surprising Bitcoin Price Pump According to data from TradingView, the crypto market’s upheaval began when Bitcoin...

A woman in Somerset in the U.K. has fallen victim to a scam after investing in BTC. The scam cost her nearly 40,000 pounds. Going by the name “Lisa,” the victim was led to believe the crypto platform she was pumping her money into was backed by Martin Lewis, an alleged Money Saving Expert in her area. A Woman Named Lisa Loses Money After BTC Investments Instead, she claims she was “groomed” by online scammers who ultimately filed for several loans in her name. In...

Nassim Nicholas Taleb – the author of “Back Swan” and one of the world’s biggest crypto skeptics – commented on social media that the volume chart for BTC, the world’s number one digital currency, has been in a downward spiral since late 2020. Nicholas Taleb on How BTC is Easy to Manipulate In other words, while the price has shown signs of recovery, the volume of BTC hasn’t, which could make the currency easier to manipulate and lead to other problems. Taleb...

Bitcoin provider Azteco recently garnered as much as $6 million through a new funding round led by Jack Dorsey, the man behind both Block and (formerly) Twitter. The money will go towards introducing bitcoin gift cards to ensure everyone has crypto’s spending power at their fingers. Azteco Gets a Lot of Money In an interview, Dorsey said: My contribution to Azteco comes out of a deep respect for their mission. The unbanked population is immense. We have the...