Source: agnormark/Adobe The price growth in the cryptocurrency market has resulted in big wins for several sectors including Bitcoin (BTC) miners, blockchain-based firms, and yield farmers. Bitcoin miners have recorded over 10% stock growth as the asset’s price trades near $35,000, close to its 17-month high. Marathon Digital Holdings (MARA) has posted a 10.54% uptick…
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As Bitcoin (BTC) continues to consolidate above the $34,000 mark, aiming to surpass and reclaim its yearly high, theories suggest that a retracement may follow the current upward spike in the coming weeks. On this matter, the renowned crypto analyst known by the pseudonym “Crypto Soulz” recently shared insights on the potential short-term retracement for Bitcoin…
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Source: Pixabay Marathon Digital, a BTC mining company, has launched a pilot mining initiative in Utah, leveraging methane gas produced from landfill waste to generate the power needed for their mining operations. The company announced on Thursday in a press release that it had entered into an agreement with Nodal Power, a renewable energy asset…
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Bitcoin Logo The Bitcoin (BTC) bulls have regained control to push the price of the world’s largest cryptocurrency by market capitalization back above $35,000, following a volatile trading session packed with important macro risk events, including the latest policy announcement from the US Federal Reserve. The Fed delivered no surprises when opting to hold interest…
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Image by RawBeautyPixels, Adobe Stock. An investigation has exposed how El Salvador’s government misallocated a large portion of a COVID-19 relief loan to fund its controversial Bitcoin project. The COVID-19 pandemic plunged El Salvador into economic turmoil in 2020, causing GDP to plummet nearly 8% and leaving many struggling to survive the strict lockdown measures.…
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On-chain data shows the Bitcoin whales have potentially ramped up their selling recently, something that could lead to a drawdown for the asset. Bitcoin Exchange Whale Ratio Has Spiked Recently As explained by an analyst in a CryptoQuant Quicktake post, the price of Bitcoin could correct towards the $31,000 to $32,000 range from the current…
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In a recent development, another proposed Spot Bitcoin ETF has been listed on the Depository Trust and Clearing Corporation’s (DTCC) website, becoming the second proposed Spot Bitcoin ETF to appear on the corporation’s website. BTCO Joins IBTC On DTCC Website The Invesco Galaxy Bitcoin ETF under the ticker ‘BTCO’ recently appeared on the DTCC website,…
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Bitcoin price prediction remains bullish as BTC is trading at $34,432 with a 0.64 percent increase on Wednesday, the push towards this crucial threshold is buoyed by the substantial influence of crypto whales. As the world celebrates 15 years of Bitcoin, reflecting on Satoshi Nakamoto’s groundbreaking white paper, the cryptoverse anticipates the potential impact of…
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In the volatile world of cryptocurrencies, Bitcoin has once again captured the spotlight, this time bolstered by the unexpected endorsement from a titan of the investment world. Billionaire investor Stanley Druckenmiller, known for his astute market foresight, has expressed a tinge of regret for not owning Bitcoin, lauding it as a formidable “brand” that he…
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The price of Bitcoin might be losing bullish momentum in the short term, but on higher timeframes, the cryptocurrency is likely to extend its current rally. At least, this is part of what we spoke with Dave Weisberger, co-founder and co-CEO at CoinRoutes, a liquidity and algorithmic trading tool provider for the crypto market. As…
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