Tag: Bitcoin News

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Bitcoin Price Prediction as It Breaks $38,000 Again – Will $40,000 Be the Next Milestone?

Bitcoin (BTC), the leading cryptocurrency, has once again surged past the $38,100 threshold, reflecting renewed market confidence amid global economic shifts. This rally may be partially attributed to the Federal Reserve’s Waller’s optimistic statements, which have injected a fresh wave of enthusiasm into the cryptocurrency market. Simultaneously, leadership changes at Binance are being closely observed…
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Bitcoin Decouples with XRP, BNB But Correlates With Dogecoin and Cardano

In the last two months, Bitcoin (BTC), the world’s most valuable cryptocurrency, has been increasingly decoupling from XRP, the native currency of the XRP Ledger (XRPL), and BNB, the coin priming the broader Binance ecosystem. While this pans out, Dogecoin (DOGE) and Cardano (ADA) remain mostly correlated with Bitcoin.  XRP, BNB Decoupling From Bitcoin While…
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Bitcoin Eyes New Highs As Bloomberg Analyst Reiterates 90% Chance Of January ETF Approval

Bitcoin (BTC), the leading cryptocurrency, is currently in an upward accumulation phase, inching closer to surpassing its current yearly high of $38,390.  This upward trend is further fueled by the anticipation surrounding the approval of Bitcoin spot exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). Bitcoin ETF Approval By January 10 In…
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Bitcoin’s Unbreakable Floor? Analyst Predicts BTC Won’t Fall Below $35,000 Ever Again

Controversial Stock-to-Flow (S2F) model creator PlanB has recently made a bold prediction about Bitcoin (BTC) that’s captured the crypto community’s attention. Via his social media handle X, PlanB stated that Bitcoin’s price would never plummet below the $35,000 threshold again. PlanB supported his claim with a chart illustrating Bitcoin’s valuation trend about its intrinsic hash…
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Unlocking Bitcoin ETF Profits: Experts Reveals “Best” Trading Strategy

The potential approval of a Bitcoin ETF (Exchange Traded Fund) is bound to open new opportunities for traders. The expectations surrounding this event impact the market now, but an expert believes they will have a more substantial effect in the coming months.  As of this writing, Bitcoin trades at $37,400 with a 1% profit in…
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Crypto Miner Manufacturer Caanan Reports 48% Drop in Sales – What’s Going On?

Source: Adobe / Photocreo Bednarek Canaan – a China-based Bitcoin (BTC) ASIC manufacturer and operator – lost nearly half its revenue from mining machine sales last quarter, according to its Q3 earnings. Released on Tuesday, the firm’s financial results showed just $33 million in revenue for the three months ended September 30, 2023. That’s down…
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Bitcoin Bull Run Is Only Just Starting, According To This Metric

On-chain data shows the Bitcoin SOPR hasn’t yet reached high levels that have been associated with heated bull market phases in the past. Bitcoin SOPR Has Only Seen Mildly Positive Values Recently In a CryptoQuant Quicktake post, an analyst has explained how market psychology has driven the BTC price during the past few years. The…
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Crypto Advocates Mention Bitcoin Mining as a “Critical Tool” for Clean Energy and Balancing Grid

Source: AdobeStock / Photocreo Bednarek A number of crypto advocates have emphasized the significance of Bitcoin (BTC) mining as a “critical tool” for clean energy usage and grid balancing.  In a recently published working paper titled “Leveraging Bitcoin Miners as Flexible Load Resources for Power System Stability and Efficiency,” Bitcoin advocates and former ERCOT (Electric…
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Bitcoin Price Prediction: Dips, CBDC Threats, $1.5B Investment & Kiyosaki’s Advice

In the ever-shifting landscape of cryptocurrencies, Bitcoin, the pioneering digital asset, is currently trading at $37,182, experiencing a slight downturn of around 1% on Tuesday. Amidst this fluctuation, Bitcoin continues to offer unparalleled transactional independence, a quality not without its challenges as Kennedy voices concerns over the potential threats posed by Central Bank Digital Currencies…
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Max Keiser Walks Back Bid to Get Bukele and Argentina’s Milei to Talk BTC

Source: Oleksii/Adobe The bitcoiner Max Keiser has apparently retracted his bid to get El Salvador President Nayib Bukele and Argentina’s President-elect Javier Milei to talk BTC. Keiser last week took to X (formerly Twitter) to publicly ask Bukele for permission for the El Salvador Bitcoin “team” to invite Milei to San Salvador. When asked why…
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