Tag Archives: Bitcoin News

Analysts anticipate that the outflows from Grayscale’s Bitcoin Trust (GBTC) ETF, coupled with investors shifting to lower-fee options, will exert downward pressure on Bitcoin price. Bitcoin (BTC) experienced a rocky weekend as it fell below $42,000 for the second time, failing to break above $43,100 amid subdued trading volumes. The excitement surrounding the approval and launch of spot Bitcoin Exchange-Traded Funds (ETFs) initially propelled the flagship crypto to a two-year high above...

Post the Bitcoin ETF approval, the Bitcoin halving in April 2024 will prove to be a major catalyst in driving the BTC price above $100,000 by the end of the year. In the aftermath of the US Securities and Exchange Commission’s groundbreaking approval of the first-ever US spot Bitcoin exchange-traded fund (ETF), cryptocurrency enthusiasts are optimistic about BTC price potential to surge beyond $100,000 this year. Investors in the crypto space believe that the approval of a Bitcoin ETF is...

Bitcoin price started a strong increase above the $45,000 zone against the US Dollar. The price is now trading above $45,200 and the 55 simple moving average (4 hours). There was a break above a key contracting triangle with resistance near $44,300 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $44,300 support zone. Bitcoin price is showing positive signs above $45,000 against the US Dollar....

Bitcoin price started a strong increase above the $44,000 zone against the US Dollar. The price is now trading above $44,000 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $42,650 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $44,350 support zone. Bitcoin price is showing positive signs above $44,000 against the US Dollar....

On December 28, the company announced that its fleet of 3,750 Bitcoin ASIC miners, purchased last year, had already generated profits due to the surge in the coin’s price. Canadian Bitcoin mining company Hive Digital has recently concluded a successful $22 million private financing round. The company achieved this milestone through the sale of 5.75 million special warrants at a price of $3.87 each, resulting in total proceeds of $22 million. This financing round will enable the company  to...

As the crypto market evolves, only time will tell if Bitcoin can truly reach $1 million by 2029, altering how investors view and interact with digital assets. Perianne Boring, founder and CEO of the Chamber of Digital Commerce recently made a bold prediction that Bitcoin‘s price could surge to an astonishing $1,000,000 by 2029. Bitcoin’s Valuation Model and Current Market Price In a recent interview with CNBC, Boring discussed the current market conditions of Bitcoin, suggesting that its...

The new 10x’s research extends beyond MicroStrategy, highlighting that several crypto-related stocks are trading close to fair value based on BTC price. In a recent report released by 10x Research, the company has raised concerns about the overvaluation of MicroStrategy Inc (NASDAQ: MSTR) shares. The research was led by Markus Thielen, the analyst who accurately predicted this year’s Bitcoin (BTC) rally. According to him, despite MSTR’s impressive 343% surge this year, the business...

The “smart money index”, which measures the net bullish bets by institutional players through Chicago Mercantile Exchange (CME) Bitcoin futures, has reached an all-time high of over 13,700 in recent days. Large investors have taken large long positions in the Bitcoin (BTC) futures market, indicating that institutional capital is flooding into the coin in anticipation of the SEC potentially approving a spot Bitcoin exchange-traded fund (ETF). Meanwhile, Bitcoin is trading today at around...

The accidental double payment of settlement funds to Mt. Gox creditors adds a new chapter to the saga of one of the crypto industry’s earliest and most remarkable failures. In a recent development, multiple reports on Reddit indicate that some creditors of the infamous Mt. Gox crypto exchange have received settlement funds twice due to a system glitch. The revelations have led to discussions, debates, and even humor within the crypto community. Mt. Gox Creditors Email Admission The issue...

Bitcoin price started a downside correction from the $44,400 zone against the US Dollar. The price is now trading below $43,200 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $43,000 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 $40,500 support zone. Bitcoin price is correcting lower below $43,200 against the US Dollar. BTC...