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Latest Bitcoin & Crypto News
12.03.2024 Bitcoin’s Remarkable Price Surge and Market Dynamics
On March 11, 2024, Bitcoin achieved an astounding record high, surpassing $71,400. The resurgence of Bitcoin can be largely attributed to investor enthusiasm surrounding new financial products linked to the digital coin, specifically Bitcoin ETFs, which have attracted over $7 billion in investments. Furthermore, Bitcoin’s impending “halving” event, expected to occur in spring, is projected to further drive price surges due to the scarcity of Bitcoin supply.
04.01.2024 Bitcoin Surges Past $45,000, Marking a Strong Start to 2024
Bitcoin’s impressive rally continues into 2024, surging past $45,000 for the first time since April 2022. The cryptocurrency, currently trading at $44,950 demonstrates its resilience as a sought-after hedge amid geopolitical tensions and growing optimism about a potential bitcoin exchange-traded fund (ETF) approval.
While the recent surge is linked to ETF expectations, Bitcoin initially gained momentum during the U.S. regional banking crisis, establishing itself as an alternative investment. The ongoing excitement surrounding the ETF is fueled by updates from BlackRock and others, hinting at imminent decisions by the U.S. Securities and Exchange Commission, expected in January.
Looking ahead, positive momentum is anticipated for Bitcoin in 2024, driven by ETF developments and the upcoming Bitcoin halving in the spring. As Fed officials project interest rate cuts, Bitcoin remains a favorable investment.
07.12.2023 Bitcoin Rockets to 18-Month Highs, Up 145% in a Year!
Bitcoin is on a triumphant streak, surging to an impressive 18-month high with the current price sitting at US$41,875. This remarkable ascent marks a staggering 145% increase over the past 12 months, propelling Bitcoin to its highest levels since April 2022.
Several ETFs that could be approved in January promise to open the floodgates for billions of dollars into Bitcoin in the future, further increasing its upside potential.
25.10.2023 Bitcoin Surges to 18-Month High Amid ETF Speculation
Bitcoin’s recent ascent to $34,872, marking its highest level in nearly 18 months, reflects a remarkable 10% surge on Tuesday and another 10% jump on Monday – the cryptocurrency’s best day in almost a year. The bullish momentum has extended across the broader crypto market and related stocks, fueled by growing speculation surrounding the imminent approval of a bitcoin exchange-traded fund (ETF).
Anticipation of a U.S. Securities and Exchange Commission (SEC) approval for a bitcoin ETF is driving optimism, with experts predicting increased demand if such an ETF is greenlit. Proponents argue that a spot bitcoin ETF would provide stock market access for cautious investors, potentially ushering in a new wave of capital into the crypto sector.
Currently trading at $34,020, Bitcoin’s volatility has seen its price double this year. The prospect of an ETF has added further momentum, with the cryptocurrency reaching its highest level since May 2022. In tandem, the second-largest cryptocurrency, ether, climbed to $1,786.30, its highest since August.
19.08.2023 Bitcoin Faces New Challenges Amid Global Market Sell-Off
As global markets experience a wave of selling, Bitcoin recently hit a fresh two-month low, breaking out of its tight range. With a 7.2% drop on Thursday, marking its largest one-day decline since November 2022, the cryptocurrency reached $26,172 on Friday, the lowest since June 16.
The broader market sentiment, driven by concerns about China’s economy and expectations of sustained U.S. interest rates, contributed to Bitcoin’s downturn. Wall Street’s decline and Asian shares facing a third week of losses amplified the risk-averse sentiment.
Elon Musk’s SpaceX reportedly selling its bitcoin holdings, following a $373 million write-down, added immediate pressure. Analysts, including Ben Laidler from eToro, identified this as the catalyst for the sell-off, emphasizing that crypto assets are not immune to broader market pressures.
Joseph Edwards of Enigma Securities cited low volatility and a lack of enthusiasm from retail investors as additional factors influencing Bitcoin’s price movement. Despite gradually recovering this year, Bitcoin faces new challenges as it hovers around $26,441, highlighting the ongoing impact of global market dynamics on the cryptocurrency landscape. Stay informed as the crypto market navigates these fluctuations, providing valuable insights for investors.
14.05.2023 Bitcoin’s Rollercoaster Ride – Insights on the Week’s Downturn
In a week marked by volatility, Bitcoin briefly dipped below $26,000, recording its most challenging performance since November. Despite this setback, the cryptocurrency market remains dynamic, with fluctuations providing insights into the current state of digital assets.
Investors are closely watching Bitcoin’s movements as it navigates challenges, offering valuable perspectives on market sentiment. Understanding the factors influencing this downturn can be crucial for those navigating the crypto landscape.
Stay informed about Bitcoin’s journey as it weathers market turbulence, and explore the evolving trends shaping the cryptocurrency space. Insights gained during such fluctuations can be instrumental for informed decision-making in this ever-changing market.
18.02.2023 Bitcoin’s Resilience Amidst Regulatory Challenges
Despite a tough regulatory stance from the U.S. government, Bitcoin soared by 2.06% to $24,500.00, indicating the crypto market’s robust performance. The recent shift from alternative coins to Bitcoin, fueled by regulatory actions, has increased Bitcoin’s market dominance.
Gary Gensler’s affirmation of Bitcoin as a commodity, not a security, has contributed to its appeal. Despite concerns about rising interest rates, Bitcoin has outperformed the Nasdaq index, registering a 49% increase this year.
In summary, Bitcoin’s recent rally showcases its resilience in the face of regulatory uncertainties, solidifying its role as a key commodity and maintaining investor confidence in the evolving crypto landscape.
27.01.2022
Binance is partnering with Paysafe to launch a pilot program for depositing and withdrawing euros via the SEPA payment network, which will take effect on 26 January 2022 (UTC). Users are selected to participate in the pilot program based on a variety of testing criteria. The full opening of SEPA channels will be extended to all markets over time.
24.01.2022
Bitmain has launched the Antminer S19 Pro+ Hyd with liquid cooling technology that improves mining efficiency. The miner has a hashrate of 198 TH/s. This is a newer model of the Antminer S19 XP, whose hashrate is 140 TH/s.
The specifications of this miner you can find on the official Bitmain website. New Antminers S19 Pro+ Hydwhich will be delivered from May to September 2022.
21.01.2022
The price of Bitcoin is falling. After reaching an all-time high in November, Bitcoin has fallen more than 44 percent since then. In twenty-four hours, it fell 8.8 percent. Huge amounts of cryptocurrencies have been withdrawn from the market. People are rushing to sell depreciating bitcoins. Experts have predicted that the price of Bitcoin will start to rise due to high inflation, but it is still falling despite rising inflation.
08.12.2021
Billionaire Barry Sternlicht believes Bitcoin could rise to $ 1 million a unit. He says we now live in a world where governments are just printing money. The only thing that they can’t make more of is Bitcoin. Bitcoin is a smart way to insure yourself.
04.11.2021
Coinbase now allows customers to borrow up to $1 million using Bitcoin as collateral. The Bitcoin you use as collateral remains safe in Coinbase. It is not lent out or used for any other purpose. This credit is repayable within two years.
20.10.2021
October was favorable for the cryptocurrency market. On October 20, Bitcoin reached the highest price of $ 66,132 per unit. This jump is driven by growing investor confidence in Bitcoin as well as increasing migration of Bitcoins from short-term to long-term holders and related reduction of supply of Bitcoins.
05.07.2021
Analysts predict that Bitcoin mining profitability will increase by about 35% in the short term. It should happen due to the suspension of Bitcoin mining in China. So, much of the hashrate from the Bitcoin network has disappeared.
29.04.2021
Mastercard introduces a Credit Card with Bitcoin rewards in real-time. Cardholders will recover up to 3% in Bitcoin or other cryptocurrencies for purchases. More than 30 cryptocurrencies are supported. Rewards will be automatically credited to the cardholder account. Also, there is no annual fee for the card.
11.05.2020
The Bitcoin blockchain has experienced its third block reward halving today. The mining reward has now been reduced from 12.5 BTC to 6.25 BTC per block.
The halving occurs every four years. It went down from 50 Bitcoin to 25 Bitcoin per block in 2012 and then decreased to 12.5 BTC per block in 2016. This is the third halving since Bitcoin’s creation in 2009.
The latest Bitcoin halving has a direct impact on miners and will trigger them to shut down mining new Bitcoin because work and resources will need to double to achieve the same reward as before.
25.01.2020
Bitpay announced it is going to be allowing customers to purchase digital belongings with the use of the Bitpay platform. Customers can now buy digital belongings. Bitpay app customers have the potential to buy BTC and other cryptos through the company’s partnership with Simplex. Bitpay discovered that customers can also buy the supported cryptocurrencies with a credit score card without leaving the application.
18.11.2019
Chinese company Alibaba recently proclaimed a partnership with New York-based retail startup Lolli. Together, they are required to supply customers with cashback premiums within the sort of Bitcoin. With the new service, customers will get back to up to 5% of their purchases within the sort of bitcoins. The cashback is paid solely in Satoshi, the littlest unit of Bitcoin. These are repaid once selected things are purchased online on the AliExpress platform. So, as AliExpress is the largest retail and e-commerce company in the world, this was a milestone for the corporation.
15.11.2019
Bitcoin value continues to trend lower, marking five consecutive lower highs because the value makes a stairstep decline in an exceedingly falling wedge. the pattern is understood by several analysts as an indication of a doubtless optimistic outcome thus maybe there’s still hope.
The price has punctured the $8,700 support 3 times over the past four days, increasing the prospect that the worth can drop to the lower trendline of the falling wedge at $8,480. The daily chart shows that Bitcoin had spent the week riding on the 200-DMA, a degree that was lost earlier nowadays.
The volume profile visible varies and shows a volume gap between $8,800 and $9,000, which means Bitcoin might rally three.45% to $9,000, a degree which might bring the worth higher than the 50-DMA and slightly below the Bollinger Band indicator moving average at $9,000.
A move to $9,000 would set a 3-day higher high at the 100-DMA, transporting Bitcoin value out of the falling wedge and probably serving as the initial indication of a short trend modification for investors.
29.10.2019
The cryptocurrency market is back to life. Bitcoin roared once more and now around, it looks like the expected bottom has been reached already. The premier cryptocurrency crystal rectifier on the market during a $40 billion revival in but forty-eight hours. Bitcoin hit $10,500 which was over a four-hundredth surge in precisely over daily.
Since the pessimistic correction started in late June at $13,900, this can be the largest single-day surge. The corrective channel has currently been broken to the top side. As a result of this, Bitcoin market dominance has come back to sixty-eight. commerce volume spiked massively. Even Bakkt Bitcoin futures jumped by 260% to hit $11 million valuations in twenty-four hours. this implies that Bitcoin performed higher than the Altcoin combination.