Bitcoin (BTC) recorded a shock last week after Jerome Powell indicated that the US Fed was committed to sustaining its monetary tightening campaign to tackle inflation. However, the benchmark cryptocurrency appeared to get its leg under it quickly, a pattern some say indicates that the cryptocurrency has bottomed out. The flagship cryptocurrency is down by […]
Over the weekend, Bitcoin (BTC) slumped to the sub-$20,000 mark as traders took flight from risky assets once again. Investors responded to warnings made by US Fed Chair Jerome Powell at the recently concluded Jackson Hole symposium, where he said there was a likelihood of a fallout from the bank’s policy plans to curb rising […]
Bitcoin (BTC) recorded its worst fall in two months last week, plunging by over 10% after minutes from the July US Fed meeting surfaced. The recent fall crystallized expectations by many that the benchmark cryptocurrency would extend its decline to the sub-$20,000 region. Some Bitcoin “super-bears,” like Peter Schiff, believe that $10,000 is also on […]
A recent Bloomberg report shows that some of the largest Bitcoin (BTC) mining companies traded on the US stock market have suffered a cumulative loss of $1 billion in the second quarter of 2022. The report noted that the firms incurred this massive loss due to the drop in crypto prices in the past few […]
Michael Saylor, the former CEO of MicroStrategy, has said Bitcoin (BTC) is on track to “demonetizing gold” in the long run. The investor and entrepreneur made the comments in an interview with Kitco, where he also argued that gold is unlikely to be adopted as money in the 21st century, explaining that: “Gold was metallic […]
Popular financial market information provider InvestAnswers has predicted that Bitcoin could record a massive rally now that BlackRock plans to make inroads into crypto. Last week, the world’s largest investment company, BlackRock, revealed plans to offer Bitcoin trading and custody services to corporate investors using Coinbase Prime. That said, analysts at InvestAnswers believe that this […]
On-chain analysis data shows that Bitcoin (BTC) might have reached its bottom. The data drew its reference from Reserve Risk, Balanced price, and the Cumulative Value-Days Destroyed (CVDD). According to the data, the Reserve Risk is a seasonal Bitcoin on-chain indicator that juxtaposes long-term investor confidence against the existing price of an asset. That said, […]
Bitcoin (BTC) recorded a solid performance in July as most cryptocurrencies recorded their best month in 2022. Bitcoin touched the ever-elusive $24,000 mark for the first time since early June, while Ethereum came close to tapping $1,800. This bullish performance came despite the US Federal Reserve’s decision to raise its interest rates by 0.75%, bringing […]
The first Bitcoin city has launched in Honduras. The city name “Bitcoin Valley” is situated in the small tourist town of Santa Lucia and is only 20 minutes away from the country’s capital city of Tegucigalpa. The tourism project was a joint initiative by Blockchain Honduras, Guatemalan crypto exchange Coincaex, the Technological University of Honduras, […]
