The last 48 hours have been an interesting one for Bitcoin (BTC) and the cryptocurrency market and have greatly favored bulls. The benchmark cryptocurrency breached the $41,000 on Friday for the first time in two weeks pushing the broader market valuation up by over 10% in the last seven days. Interestingly, some factors played a […]
Environmental conservatives continue to bash Bitcoin, as they believe it poses a significant environmental threat. Environmentalists have criticized the network’s proof-of-work consensus mechanism considering the amount of energy it requires to execute its mandate. However, Bitcoin supporters have called out environmentalists for never criticizing the energy consumption of the US dollar and how it is […]
Despite suffering wave after wave of sell-offs in the opening month of 2022, the Bitcoin (BTC) market remains dominated by whale investors. Over the past hours, analytics platform Bitcoin Black Bot revealed that a whale account has moved 10,156 BTC (worth $396 million at press time) in block 721,242, with BTC trading at $39,000. Whale […]
You’ll agree with me that anxiety has taken control of cryptocurrency. Like always, Bitcoin is controlling the market. Despite the signs of its recovery, it can still fall lower. Going forward Bitcoin can rise to new heights this year. It can probably rise to $100,000…….. This rising could also propel other cryptos to higher heights. […]
Researchers at American investment firm ARK Invest have promulgated a significantly bullish future for Bitcoin (BTC). The research team asserted that the benchmark cryptocurrency could exceed $1 million, with a market cap of $28.5 trillion, by 2030. ARK Invest, chaired by Catherine Wood, has remained steadfast in its support for Bitcoin for a while. Last […]
According to a publication released on Tuesday by the International Monetary Fund (IMF), the organization has urged El Salvador should end its relationship with Bitcoin (BTC). The IMF urged the Central American nation to expunge the Bitcoin law as soon as possible. The report detailed that IMF board members have “urged the authorities to narrow […]
El Salvador has gone half a year since it initiated its Bitcoin (BTC) experiment. So far, things do not look so giddy for the Central American nation following the recent market crash. President of El Salvador, Nayib Bukele, shocked the world in 2021 when he announced the country’s plans to adopt Bitcoin as a legal […]
On Thursday, Bitcoin (BTC) recorded its 357th difficulty adjustment, which drove it 9.3% higher than two weeks before. That said, the Bitcoin network mining difficulty tapped a new record high at 26.64 a few hours ago. Notably, the last record high got recorded on May 15, 2021, when the networks peaked at over 25 trillion. […]
New reports show that Bitcoin (BTC) whale addresses with 1,000 to 10,000 BTC have acquired more coins over the last 48 hours. Analytics provider Santiment reported that large Bitcoin wallets have acquired about 40,000 coins in the last two days. Currently, the number of coins controlled by BTC whales has returned to the pre-dump level. […]
