$28,000 or $32,000? The Future Trajectory of Bitcoin’s Value
In the ever-evolving landscape of cryptocurrencies, Bitcoin (BTC) remains the undisputed focal point, its price trajectory serving as a barometer of the entire crypto ecosystem’s health. Over the past few weeks, Bitcoin’s price action has been characterized by a fascinating equilibrium, showing little inclination towards dramatic fluctuations. Presently, Bitcoin is exchanging hands at a value […]
Bullish Speculation Boosted by BTC Open Interest
The cryptocurrency market has seen a period of Bitcoin (BTC) trading within a narrow range over the past few weeks. This consolidation phase comes after a consistent decline from its peak of $31,800 this year, which has also influenced the trajectory of other major cryptocurrencies. The absence of significant price fluctuations has left investors and […]
Bitcoin NFT Ordinals Cross 20 Million Milestone
Bitcoin’s recent milestone was reached with the minting of over 20 million Ordinal inscriptions on the Bitcoin blockchain. These inscriptions, also known as Bitcoin Ordinals, are digital asset records that allow information to be linked to individual satoshis, the smallest units of Bitcoin. The technology, pioneered by Casey Rodarmor and implemented through Bitcoin’s Taproot upgrade, […]
The Rise of Bitcoin Ordinal Inscriptions and NFT Sales
As the world continues to embrace the digital revolution, blockchain technology remains at the forefront of innovation, enabling groundbreaking applications and financial opportunities. One of the most prominent players in the blockchain space is Bitcoin, which recently hit a remarkable milestone with its Ordinal inscriptions nearing 19 million. This article delves into the latest trends […]
Bitcoin may reach $50,000 this year.
When Bitcoin (BTC) reaches $50,000, miners could be tempted to accumulate block rewards. Because of the rise in price of bitcoin, miners could have to sell fewer coins to maintain their income flow. This buildup would remove more Bitcoin from circulation and drive up the price of the asset. Factors Driving Bull Market Earlier this […]
Bitcoin Ordinals on the Verge of Flipping Ethereum NFTs
The native non-fungible tokens (NFTs) for Bitcoin, referred to as “Ordinals,” are about to overtake Ethereum in the NFT market. The sales and number of active buyers for The Ordinals have significantly increased, with spectacular increases of 129.50% in USD sales and approximately 10% of the buyer market. Ethereum still leads the NFT sector with […]
BTC Retreats to $27K as Fed Official Mester Supports Continued Liquidity Tightening
Bitcoin (BTC) faced selling pressure in the early hours of Wednesday following comments from a high-ranking Federal Reserve (Fed) official who expressed no strong reasons to halt the tightening of liquidity. The continuous tightening measures implemented by the Fed have caused turmoil among risk assets, including cryptocurrencies. In an interview published on Wednesday, Federal Reserve […]
Bitcoin Price Shows Resilience as Bears Maintain Grip
The current trading price of the flagship cryptocurrency is $26,895, which means a significant decrease of 61.04% from the all-time high of $69,044.77 reached over a year ago, especially in November 2021. Merely days prior, Bitcoin struggled to surpass the $27,000 threshold. Bitcoin market have coincided with dovish remarks made by Jerome Powell, the Chair […]
Bitcoin Price Faces Another Rejection, Fueling Fears of a Downward Trend
Bitcoin’s attempt to surpass the resistance at $30,000 has fallen short, resulting in a decline in its price. As it stands, there is a looming risk of a further slide towards the support zone at $27,200. At the moment, BTC is experiencing a dip from the $29,750 resistance region, with its price currently trading below […]
The future of Bitcoin’s value with the Federal Reserve meeting approaching
The Bitcoin price may experience its most significant day of the month today, depending on the interest rate decision made by the U.S. Federal Reserve (Fed) and the subsequent press conference by the Federal Open Market Committee (FOMC). In March, the Fed increased the benchmark interest rate by 0.25 basis points (bps), and while the […]
Bitcoin Halving 2024: Closing the Gap between Expectations and Reality
The Bitcoin halving event holds immense significance for the entire cryptocurrency industry, as it has a significant impact on market participants’ activity and miners’ profitability. With the next halving predicted to occur in just a year, experts and crypto enthusiasts alike are speculating on the potential movement of BTC price leading up to and following […]
Bitcoin’s Dive: A Closer Look at the Cryptocurrency Market This Week
Bitcoin is currently trading below $30,000 as of April 19, with an estimated exchange rate of $29.2 thousand, which is noticeably lower than its recent peak of $31 thousand on April 14. Other top cryptocurrencies are also experiencing similar trends. This has raised concerns among investors that Bitcoin may have already reached its local price […]
Crypto Experts Predict Bitcoin Could Retest All-Time High of $69,000, While Industry Leaders Forecast Rise to $1 Million
The beginning of the second quarter has brought positive news for Bitcoin, as its price has increased since the start of the year and even surpassed the psychological milestone of $31,000. While there has been some subsequent correction, the market still believes that Bitcoin has the potential for further growth. In fact, the favorable conditions […]
What are the potential consequences of purchasing Bitcoin beyond the $30,000 threshold?
The exchange rate of Bitcoin surpassed $30 thousand on the morning of April 11, marking its first such high since June 1, 2022. The cryptocurrency’s value increased by 7% as it grew in price by $2 thousand over the course of the day. Altcoins also saw an upward trend, although not as significant as that […]
Bitcoin shows bullish signs on long-term charts: is a rally or correction in store?
From 3 to 9 April, there was a period of low activity in the trading market, with the price of Bitcoin trading within the range of $27,200 to $28,775 throughout the workweek. Two exceptions to this were on Monday (April 3) and Wednesday (April 5), where an increase in volatility was observed. Despite falling to […]
Numbers Speak: DeFi Liquidity and Bitcoin Recovery amidst Banking Chaos in March
Bitcoin had an impressive performance in the first quarter of 2021, closing as the best quarter since the beginning of the year. This achievement came at a time when the US banking sector was facing a crisis, leading to increased demand for leading cryptocurrencies. The “Fear and Greed Index” updated its yearly maximum, pointing to […]
Bitcoin’s prospects in light of the cryptocurrency market’s liquidity hitting a ten-month low.
The US banking crisis has coincided with Bitcoin reaching a new yearly high this month. Despite this, cryptocurrency enthusiasts are still apprehensive as the liquidity of BTC has hit its lowest point in the past ten months. The reason for this can be attributed to the closure of the SEN and Signet payment networks, previously […]
Bitcoin’s Accelerated Growth Propels it to a New High: What’s the Next Move?
Bitcoin had an exceptional week of price performance, with a 35.8% increase, which is among the best in history. Only 124 trading days have witnessed a larger 7-day upswing, and since 2015, only 16 days have experienced a similar trend. This is typically seen in bull markets, often during the later stages. This surge in […]
Correcting or Growing: Evaluating Bitcoin’s Recent Performance
Over the past few days, Bitcoin experienced a surge in value, but this was followed by a minor decline. Yesterday, Bitcoin’s price momentarily exceeded $26,300 before correcting to $24,700. The growth in Bitcoin’s value was reportedly driven by inflation data in the United States, which was recorded at 6%. However, this correction in Bitcoin’s price […]
American banks’ circumstances reignite demand for Bitcoin
Bitcoin surpassed the significant threshold of $22,000 on Monday and its value climbed to a little over $24,300 on Tuesday, March 14th. This rise follows the announcement of the rescue of depositors at Silicon Valley Bank, which has contributed to Bitcoin’s upward momentum. Despite earlier predictions of a decline and a test of the $19,500 […]
