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. […]
In an unexpected turn of events for Bitcoin (BTC) and the broader crypto market, bullish sentiment has returned, helping the market stall the previous bearish cycle. The benchmark cryptocurrency recorded its most extended bearish movement since 2018 in the opening week of January, as many analysts warned that a massive sell-off could ensue once the […]
The ongoing civil unrest in Kazakhstan has sparked curiosity in many over the effect it could have on the global Bitcoin hashrate. These worries arise as Kazakhstan is believed to control at least 18% of the global hashrate, according to a recent report from the Cambridge Center for Alternative Finance (CCAF). NABCD Asserts Bitcoin Unaffected […]
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 […]
