Billionaire investor Stanley Druckenmiller recently gave his two cents on Bitcoin, acknowledging the asset’s growth and popularity over the past 17 years. While speaking at an interview with billionaire Paul Tudor Jones, Druckenmiller compared Bitcoin to gold, noting its evolution into a recognizable brand and investment vehicle. Druckenmiller admits he doesn’t actually own any BTC…
Read more
Source: iStock/pichet_w Investors have been eagerly anticipating regulatory approval for a spot Bitcoin ETF, which is expected to trigger a fresh wave of institutional demand in the leading cryptocurrency. While estimating the potential cash inflow for such a fund remains a subject of debate among market players, projections range from $3 billion on its first…
Read more
The Shiba Inu burn initiative continues this week but with a drastic decline in volume. The latest figure which shows a decreased participation from investors could have long-running significant implications for the SHIB price. SHIB Burn Rate Drops From 7,700% Spike Over the last 24 hours, Shibburn has shown that the SHIB burn rate has…
Read more
October witnesses Bitcoin‘s impressive 30% surge, leading many to wonder if the anticipated 2023 bull market has finally arrived. Maintaining stability over the weekend, Bitcoin (BTC) held its ground at $34,000. The crypto sphere’s Fear & Greed Index, a barometer of investor sentiment, registered a notable 72 on Monday, hinting at prevailing greed in the…
Read more
Bitcoin Logo / Source: Adobe The Bitcoin (BTC) bulls remain in control on Monday as the world’s largest cryptocurrency by market capitalization consolidates to the north of the $34,500 level in wake of last week’s more than 15% surge. BTC/USD Chart / Source: TradingView Optimism about expected upcoming spot Bitcoin exchange-traded fund (ETF) approvals in…
Read more
Bitcoin Logo / Source: Adobe Just under one year ago, the Bitcoin (BTC) market was in turmoil as panicky investors dumped their holdings in wake of the collapse of the cryptocurrency exchange FTX. On November the 21st 2022, the BTC price hit its lowest level since late 2020 under $15,500, marking a 77% pullback from…
Read more
A massive amount of 19,197 BTC worth $652 million recently made its way out of Binance all at once, triggering a curious reaction from Bitcoin investors. The timing of the transfer is interesting, as Bitcoin is currently trading in a range and is looking to break the $35,000 resistance level. The big question is whether…
Read more
Source: RawBeautyPixels/Adobe El Salvador’s President, Nayib Bukele has formally filed for re-election in next year’s polls, a move critics say is against the country’s constitution. Bukele and his running mate Vice President Ulloa officially registered as his party’s candidate before the deadline on Thursday, described as a last-minute spectacle following hospitalization rumours. El Salvador’s President…
Read more
November has often been a standout month for Bitcoin, with historical data indicating an impressive average price jump of 43%. This would propel Bitcoin to around $48,000. But with October already showing a significant price increase, the question arises: Will Bitcoin continue its bullish trend, or is a retrace on the horizon? November Monthly Returns…
Read more
In the world of cryptocurrency, excitement continues to ripple through the market as Bitcoin holds steady at $34,274, registering a 0.75% increase on this Monday. Beyond the price action, the crypto community finds itself ignited by the joyful tweet from none other than Elon Musk. While the pro-Bitcoin stance of Nayib Bukele, President of El…
Read more
