Bitcoin mining has overcome halving-related worries with impressive growth in late 2024, according to CoinShares’ latest quarterly report. The network’s hashrate jumped to a record 900 Eh/s during Q4 2024, driven by favorable political developments and strong Bitcoin price performance. Analysts now expect the network to hit the significant 1 Zettahash per second (Zh/s) milestone […]
Binance continues to assert its dominance in Bitcoin custody as the crypto market rebounds. Despite significant BTC outflows from competing platforms, Binance’s reserves have remained strong, indicating rising user trust and liquidity concentration on the exchange. Binance Commands 23% of Exchange BTC Reserves Latest data from CryptoQuant reveals that Binance now holds 23% of all […]
The crypto market is feeling the pressure again, and this time it’s coming from across the Pacific. As digital assets cool off from a powerful rally, fresh geopolitical tension has crept in—China has officially denied claims of ongoing trade discussions with the United States, casting a shadow over investor optimism. Crypto Faces Uncertainty Amid US-China […]
Bitcoin (BTCUSD) Price Forecast: April 24 Today, the Bitcoin price has reached an all-time high of $91,594, eyeing a break above the $109,358 previous peak value and generating significant interest across major trading platforms. The crypto has the potential for a bullish continuation pattern to reach above the mentioned resistance as the coin is an […]
Bitcoin (BTCUSD) Price Forecast: April 23 BTCUSD price is moving as it commences a bullish trend, reaching an all-time high of $88,872 amid rising economic concerns. The crypto looked good for a long at its recent high as it continued its bullish run. However, if the bulls can increase their buying activities and break through […]
One year after Bitcoin’s halving anniversary, the cryptocurrency’s performance has surprised market watchers. Instead of following historical patterns of strong post-halving growth, Bitcoin has traded in the $80,000-$90,000 range, marking a significant shift in behavior compared to previous cycles. The crypto community has closely tracked this halving anniversary because these events—when Bitcoin mining rewards are […]
BTCUSD Market Analysis- April 22 Bitcoin has officially exited its prolonged consolidation phase and is now displaying strong bullish momentum. BTCUSD Key Levels Support Levels: $74700.00, $58900.00Resistance Levels: $82500.00, $109500.00 BTCUSD Long-Term Trend: Bullish(Daily Chart) Following an initial uptrend in February 2024, BTCUSD entered a consolidation range that persisted from March through November 2024. This […]
Bitcoin(BTCUSD) is showing renewed strength after political tensions reignited interest in crypto markets. Following Fed Chair Jerome Powell’s remarks warning against early rate cuts and inflation risks from tariffs, markets dipped—until Trump recently hit back, calling for Powell’s removal and signaling a possible replacement with pro-crypto figure Kevin Warsh. I honestly think it is very […]
The US Dollar Index (DXY) has plummeted to a three-year low, amplifying investor interest in store-of-value assets like gold and Bitcoin. DXY, which tracks the greenback against a basket of six major currencies, dropped to 98.23 this week—its lowest since March 2022—according to TradingView. Gold investor Peter Schiff highlighted the situation, stating, “The Dollar Index […]
