Bitcoin (BTC) and the digital currency market have experienced massive losses this week, as the benchmark cryptocurrency dropped by over 12% over the last seven days. Only yesterday, the cryptocurrency hit its lowest point since September, venturing close to the $40,000 round but halting midway at $40,500. Also, reports show that Bitcoin’s global trade volume […]
Goldman Sachs analyst and co-head of global foreign exchange strategy Zach Pandl revealed his outlook for Bitcoin (BTC) in a research note distributed to clients on January 4. The analyst asserted that the benchmark cryptocurrency would likely continue to chip away market share from gold (XAU) in 2022 as cryptocurrency gains more widespread adoption. The […]
Bitcoin (BTC) finally caved under the long-enduring bearish pressure as the benchmark cryptocurrency slumped to the $42,400 low in the early hours on Thursday. Currently, BTC trades down at $42,800 or -7.3%, according to CoinMarketCap. Meanwhile, the broader crypto market shared a similar fate as it fell by a whopping 8.7% over the past 24 […]
2022 began on a slower-than-expected note for Bitcoin (BTC), as the benchmark cryptocurrency put up an underwhelming performance despite several lofty predictions for the start of the year. The cryptocurrency has maintained a fearful investor outlook for the past few weeks amid a lasting bearish tone. However, Bitcoin’s hashrate has performed differently, as it records […]
As Bitcoin (BTC) ended 2021 in a dizzying fit and off the common expectations by market analysts, investors feel like they are starting 2022 in intense uncertainty. That said, prominent crypto investment analysts Anthony Pompliano recently shared his predictions for the crypto industry in 2022, adding that 2022 will change how most investors look at […]
As Bitcoin (BTC) ended 2021 in a dizzying fit and off the common expectations by market analysts, investors feel like they are starting 2022 in intense uncertainty. That said, prominent crypto investment analysts Anthony Pompliano recently shared his predictions for the crypto industry in 2022, adding that 2022 will change how most investors look at […]
According to recent data, the use of Replace-by-fee—a transaction option on the Bitcoin (BTC) network that allows you to increase the fee on a transaction after it has been submitted for quicker completion—increased by over twofold in 2021. Analysts opine that this could indicate that Bitcoin adoption has triggered an increase in competition for users […]
The third-wealthiest man in Mexico has doubled down on his pro-Bitcoin statements after recently advising people to avoid fiat currencies and invest in Bitcoin (BTC) instead. Ricardo Salinas Pliego made the comments on a video posted on Twitter, where he wished his followers compliments of the season. Salinas is the founder and chairman of Grupo […]
President of El Salvador, Nayib Bukele, announced on Tuesday that the country had purchased more Bitcoin (BTC). Bukele noted that the purchase was intended to commemorate a meme occurrence around number 21. The President broke the news via a Twitter post, which began with: “El Salvador’s entire size is 21,000 km2. Coincidence? I don’t think […]
