In a recent warning issued by financial firm Cantor Fitzgerald, the impending Bitcoin halving event, slated for April 2024, has sent shockwaves through the Bitcoin mining community. The halving, a deliberate reduction in the reward for mining a block of bitcoin from 6.25 to 3.125 bitcoins, aims to curtail the supply of bitcoin and enhance […]
Bitcoin, the world’s leading cryptocurrency, has recovered from a sharp dip to $38,500 triggered by the wear-off of the effect of the introduction of the first U.S. spot bitcoin ETFs two weeks ago. According to a JPMorgan research report, profit-taking by investors who had previously acquired shares of the Grayscale Bitcoin Trust (GBTC) at a […]
BTCUSD Bulges Under Bear Pressure Bitcoin (BTCUSD) bulges under the pressure exerted by sellers in the current market scenario. Despite its notable upward trajectory within a parallel channel, the coin predominantly skirts along the lower line due to persistent bearish influence, despite the overall price increase. BTCUSD Key Levels Supply Levels: $47,000, $50,000 Demand Levels: […]
Lucky Block – Guide, Tips & Insights | Learn 2 Trade Market Expectation: January 22 The Lucky Block – Guide, Tips & Insights | Learn 2 Trade market expectation is for the price to keep sliding upward using a trendline thereby increasing the pressure against the $0.0000470 level to bulge. LBLOCK/USD Long-Term Trend: Bullish (1-Day […]
Bitcoin, the world’s leading cryptocurrency, has witnessed a sharp decline, plunging below the $39,000 mark. This abrupt fall has triggered a flurry of sell-offs among short-term holders, who, faced with losses, are exiting the market in significant numbers. According to insights from Bitfinex, a prominent cryptocurrency exchange, the heightened sensitivity of short-term holders to market […]
BTCUSD Encounters a Setback, Causing a Drop Below $42,000 BTCUSD encounters a challenge as the price drops below the middle line of its channel. This comes despite a predominantly bullish trend throughout last month into this month. This poses a kind of threat to the ongoing bullish momentum. The market has exhibited a bullish nature […]
Bitcoin, the powerhouse of the cryptocurrency world, boasts a staggering market capitalization nearing $1 trillion, and spot Bitcoin ETFs could take it even higher. As a decentralized digital currency, Bitcoin operates autonomously, free from the clutches of central authorities. However, for investors looking to ride the Bitcoin wave without the hassle of direct ownership, the […]
The remarkable surge in Bitcoin’s hash rate, reflecting heightened security and a thriving ecosystem, has the potential to positively influence Bitcoin prices. Historically, a robust hash rate correlates with increased confidence and market bullishness. The strengthened security, coupled with growing network participation, may instill optimism among investors. CRYPTO BREAKING NEWSBitcoin Booms: Hash Rate Records Shattered, […]
Introduction As we step into 2024, the crypto industry anticipates sustaining the bullish momentum witnessed in the preceding year. Amidst the dynamic landscape characterized by new tokens, regulatory shifts, and technological advancements, key trends are poised to shape the industry. Let’s delve into the exciting developments that lie ahead. Trend 1: Bitcoin’s Ascendance Continues In […]
