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Tag Archives: Bitcoin News

Matrix Port: Bitcoin Will Hit $125K in 18 Months

Matrix Port – a provider of crypto and blockchain services – is confident that in a year and a half from now (at the end of 2024), the price of bitcoin will rise to a whopping $125,000. Matrix Port: Bitcoin Is Going to Rise, Rise, Rise The company is basing its hypothesis on historical data, which includes former bullish trends and significant increases in market value. Matrix Port believes that these little points will repeat themselves and ultimately bring the...

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Larry Fink: Bitcoin Can Do a Lot for the Financial Space

Larry Fink – the CEO of BlackRock, which recently applied to the Securities and Exchange Commission (SEC) for a bitcoin-based exchange-traded fund (ETF) – said he thinks bitcoin is akin to digital gold, and he feels it has the power to truly revolutionize the financial arena. Larry Fink Thinks Highly of BTC The application was initially rejected by Gary Gensler and the SEC, who claimed the details in the document were not comprehensive enough. However, a ray of...

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Bitcoin Price Analysis: BTC At Risk Below $30K

Bitcoin price started a fresh decline below the $29,600 level against the US Dollar. The price is now trading below $29,500 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $29,320 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could extend its decline toward the $28,650 and $28,000 levels. Bitcoin price is declining below $29,600 against the US Dollar. BTC might extend losses...

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BTC is Helping Victims of a War in Sudan

There is a war occurring in the African nation of Sudan, and bitcoin is helping residents either survive the rough conditions or escape the nation to freedom. Sudan is in a Rough State The war in Sudan is relatively new, having only begun about four months ago (April of 2023). The conflict has been fueled by many financial issues including record-high inflation, which surged beyond the 350 percent mark in 2021. In addition, the Sudanese banking infrastructure has...

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