Over 320,000 active Bitcoin addresses are interacting with the price range near its old ATH.Bitcoin reserves on exchanges are near five-year lows, suggesting traders prefer holding despite recent market corrections. Around its old all-time high (ATH), Bitcoin is showing considerable activity, indicating increased interest and possible support. IntoTheBlock data indicates that, especially around $68,500, approximately...
Dogecoin’s trading volume surged by over 33%, reaching $3.57 billion, indicating growing investor interest and a potential rally.DOGE’s strong correlation with Bitcoin (0.91) suggests that as Bitcoin rises, Dogecoin may also experience substantial gains. As long anticipated by its community, Dogecoin (DOGE) is showing signs of renewed momentum. Previously, CNF had forecasted Dogecoin’s price, suggesting...
The UAE’s new DAO legal framework (DARe) enhances credibility for decentralized organizations, making it easier for DAOs to interact with the traditional financial system.The UAE’s crypto-friendly stance and favorable regulations position it as a global leader in blockchain innovation, attracting both emerging and mature DAOs. The UAE continues to strengthen its position as a global...
Institutional ownership of U.S. Bitcoin Spot ETFs has grown, with asset managers holding 193,000 BTC, about 20% of the market.SEC-approved Bitcoin ETFs offer direct exposure to Bitcoin, increasing market liquidity and improving institutional access to the asset. Institutional ownership of Bitcoin Spot ETFs in the United States has increased significantly, with large asset managers now...
Alan Santana highlights a potential market correction for Bitcoin, drawing comparisons to price patterns in 2021.Over 320,000 active Bitcoin addresses interact near its previous all-time high, signaling strong holder sentiment. Popular trader Alan Santana’s recent analysis on TradingView shows an interesting trend for Bitcoin, making connections between its price swings in 2021 and the present...
BRICS leaders at the Kazan Summit are pushing for Bitcoin as a financial tool to bypass Western sanctions, signaling a shift away from US dollar dependency.Strategic partnerships and crypto mining initiatives within BRICS reflect the coalition’s goal to reduce reliance on Western financial systems and boost technological self-sufficiency. Matthew Siegel, the head of digital assets...
Core Scientific partners with CoreWeave to expand its AI infrastructure, leveraging its expertise in customized data centers.Core Scientific has been involved in AI since 2019, integrating AI clusters while maintaining its Bitcoin mining operations. One of the biggest Bitcoin mining firms, Core Scientific, has contracted CoreWeave to increase its artificial intelligence (AI) capacity. Valued at...
President Bukele donated 2 BTC to fund 1,000 school constructions in Honduras, expanding El Salvador’s Bitcoin initiative.Despite legal BTC status, only 7.5% of Salvadorans use it for transactions, highlighting low adoption rates. Recently making news is El Salvador’s President Nayib Bukele’s 2 Bitcoin donation—valued at around $134,000—to help Honduras build 1,000 schools. This kind of...
Cardano co-founder Charles Hoskinson has clarified his earlier remark on Ethereum and Vitalik Buterin as he projects Bitcoin to reach between $200k and $300k by next year. According to him, Argentina’s attraction to several crypto projects stems from the desire to find an alternative to the local currency. CNF recently reported that Cardano (ADA) co-founder Charles...
Ki Young Ju, the founder of blockchain analytics leader Crypto Quant, says that Bitcoin will be used as a currency by 2030.Ju says that by the decade’s end, BTC’s volatility will have significantly dropped as mining difficulty and institutional interest rise. Will Bitcoin ever cease to be a speculative investment and become the currency that...