Tag: bitcoin

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Analysts Anticipate Altcoin Outperformance and Bullish Q4

September 12, 2024

Bitfinex’s analysts anticipate a potential shift in cryptocurrency market dynamics. With bitcoin’s dominance decreasing and altcoins showing resilience, they suggested that altcoins could outperform bitcoin in the coming months, especially if macroeconomic conditions improve. They discussed altcoin market capitalization growth, bitcoin’s declining dominance, and speculative exhaustion in altcoins as key indicators of this trend. Analysts…
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Ethereum Price Aims for Key Upside: Can Bulls Push Past $2,400?

September 12, 2024

Ethereum price is again rising and trading above $2,320. ETH must clear the $2,400 resistance to gain bullish momentum in the near term. Ethereum is attempting a recovery wave above the $2,320 zone. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There was a break above a short-term declining channel with…
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Analyst Forecasts Gold Prices to Reach $2,950 as American Investors Escape From AI and Stock Market Bubbles

September 12, 2024

Adam Hamilton, the founder of Zeal Intelligence, a financial consulting company, predicts that gold prices will rise as American investors turn to gold, fleeing from traditional stocks and the burst of the artificial intelligence (AI) bubble. Hamilton explained that gold experienced this price upswing without this main demand factor, stressing that it was a very…
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India, Nigeria, Indonesia Lead Chainalysis 2024 Crypto Adoption Index

September 12, 2024

India, Nigeria, and Indonesia top Chainalysis’ latest global crypto adoption index, which ranks 151 countries based on grassroots cryptocurrency usage, adjusted for population and purchasing power. The report notes strong growth in crypto activity, particularly in lower-income nations. Chainalysis Highlights Global Cryptocurrency Adoption Blockchain data analytics firm Chainalysis published an excerpt from its 2024 Geography…
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Open Oracle Network DIA Launches Lumina to Bolster Web3 Data Infrastructure

September 12, 2024

DIA, an open oracle network, has launched a new oracle architecture called Lumina. The design aims to enhance trustless data infrastructure for Web3, offering improvements in scalability and decentralization. DIA Introduces Lumina: A New Trustless Oracle Architecture According to the statement provided to Bitcoin.com News, the Lumina system integrates modular components to gather, verify, process,…
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Bitcoin Price Rises Steadily: Will It Reach $60K Next?

September 12, 2024

Bitcoin price started a decent increase above the $57,500 resistance. BTC is now showing positive signs and might aim for a move toward $60,000. Bitcoin is attempting a fresh increase above the $57,000 support zone. The price is trading above $57,200 and the 100 hourly Simple moving average. There was a break above a short-term…
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Dogecoin Vs Shiba Inu Vs Pepe: How Do The Top Memecoins Compare In Investor Profits?

September 12, 2024

Here’s what on-chain data reveals regarding the profitability of the different segments of the Dogecoin, Shiba Inu, and Pepe investors. Dogecoin, Shiba Inu, & Pepe Compared In Terms Of Investor Profits In a new insight post, the on-chain analytics firm Santiment has discussed how the three biggest memecoins in the sector, DOGE, SHIB, and PEPE,…
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UK Bill Recognizes Digital Assets as Personal Property Under New Law

September 12, 2024

The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better protection for owners in fraud cases and disputes. It also positions…
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Why Bitcoin Retesting $57,000 Is Good For The Price

September 11, 2024

Bitcoin (BTC) is finally making a comeback, with recent price spikes signaling a potential start of the long-awaited market bull run. As the cryptocurrency retests the $57,000 level, this renewed momentum could ignite a positive price rally, potentially driving more gains for Bitcoin.  Bitcoin Retests New Levels At $57,000 On Tuesday, September 10, Santiment, a…
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Cleanspark Expands Bitcoin Mining Operations by Acquiring 7 Tennessee Facilities

September 11, 2024

Cleanspark Inc. has unveiled plans to acquire seven bitcoin mining facilities in Knoxville, Tennessee. The $27.5 million deal is expected to boost the company’s current mining capacity by 5 exahash per second (EH/s) by 2024, representing a 22% increase in its operational hashrate. Cleanspark to Acquire 7 Bitcoin Mining Facilities in $27.5M Deal, Boosting Hashrate…
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