As Bitcoin teeters around the $61,650 mark after a 4% drop, its behavior hints at potential volatility. With the dollar’s rise linked to paused rate cuts enhancing its appeal, Bitcoin faces an opposite effect—diminished attraction due to the anticipated long-term high rates. This positions Bitcoin at a precarious juncture, especially as the market braces for...
BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), has established a commanding market presence, edging closer to the dominance of Grayscale’s Bitcoin Trust (GBTC), according to data released on April 17. IBIT’s Impressive Growth in the Spot Bitcoin ETFs Market The Dune data shows that IBIT boasts $19 billion worth of Bitcoin with a current...
Amidst Bitcoin’s recent dip below $63,000, an April 18 report by technical analyst Ali Martinez revealed a surge in BTC accumulation, signifying resilience among Bitcoin holders. Bitcoin braces for its Upcoming Halving Event; Volatility Continues to Mark its Trajectory Ali Martinez highlighted this trend on X, showcasing a chart depicting the movement of over 27,700...
In a recent prediction revealed on April 17, crypto analyst “Plan B” forecasted that the Bitcoin price would surpass $300,000 by 2025, with expectations of reaching $100,000 by December 2024. Bitcoin Moonshot Prediction is Fueled by the Upcoming Bitcoin Halving Plan B shared their forecast on X, emphasizing the positive influence of Halvings on BTC’s...
Amid fluctuating market conditions, Bitcoin‘s price has dipped to $60,547, signaling a 1.74% decrease in the last 24 hours. This movement underpins ongoing volatility as traders and analysts closely monitor trends to update their Bitcoin price prediction. Despite this recent downturn, Bitcoin continues to dominate the crypto market with a robust trading volume of $40.55...
SkyBridge Capital founder Anthony Scaramucci said that war or terrorist attacks could potentially lead to a 10% to 15% decline in Bitcoin’s value over the next year. In a CNBC interview published Thursday, Scaramucci discussed Bitcoin’s nascent stage of adoption. He said the asset will not achieve its marketed role as an inflation hedge or...
Canada is set to become one of the first nations to adopt the International Crypto-Asset Reporting Framework (CARF) for taxation by 2026, as outlined in a supplement to the country’s 2024 annual budget, as reported by the National Post on April 16. Crypto Tax Reporting In Canada The Organisation for Economic Co-operation and Development (OECD)...
Russian Ministry of Internal Affairs officials took a $53.2 million Bitcoin and ETH bribe from a crypto exchange executive, a major newspaper in the country claimed this week. Per Kommersant, the officials were named Georgy Satyukov and Dmitry Sokolov, employees at “one of the ministry’s most secret divisions.” The media outlet and major Russian Telegram...
Analysts at the biggest bank in the US – JP Morgan, says Bitcoin halving is already priced in. This time, the implication would be mainly on Bitcoin mining rather than BTC price, they wrote in a research report. Bitcoin mining – a four-year event that slashes Bitcoin mining rewards in half – is set to...
The e-CNY Research Institute has been inaugurated to support advancements of China’s central bank digital currency (CBDC). According to a recent report by MPayPass, institute was unveiled at the “2024 Second e-CNY Industry Sustainable Development Seminar” in Suzhou, where industry experts gathered to mark the occasion. The Seminar was co-hosted by the Suzhou City Digital...