Bitcoin has been quite boring in the past few days as it has remained in a neutral state after some periods of bullish expansion. However, a Twitter crypto strategist, Credible, explained that this boredom is needed for a massive expansion to the upside. Credible is a renowned financial market analyst who excels in the use […]
The ongoing U.S. operation against crypto firms might have a devastating impact on the rise of BTC, claims a provider of quantitative Bitcoin algorithms. The king coin has shown to be impervious to the majority of unfavorable news since the year’s beginning, but as a new quarter of the year begins, investors’ attitudes may have […]
Due to the criticism, Bitcoin miners have to deal with, particularly from the Chinese government, the majority of miners are starting to turn their attention to Texas. This has resulted in a marked increase in mining activity in Texas. Recently, Reuters confirmed that in 2022, the amount of energy used by mining operations in Texas […]
Bitcoin has experienced several bear markets in its history, and we are currently in the midst of the crypto industry’s fifth bear market. Investing in technology can be tricky for several reasons. One of which is that the technology industry is famously volatile. Let’s take a look back at past crypto winters and the lessons […]
Historically, BTC has outperformed the world’s traditional assets and main investing sectors. These industries include, among others, information technology and communication services. Recent data from Goldman Sachs show that, as compared to gold, the rate of rise of Bitcoin and periodic ROI has been higher. It is important to note that during the period from […]
The whole global cryptocurrency market is currently being overtaken by worries over Bitcoin’s next direction. The whales’ interest in owning BTC as an asset is waning, according to a Santiment analyst. In fact, during the last rally in the past few days, the whales were heavily offloading their holdings. The total number of Bitcoin whales […]
The current recovery phase of BTC has been quite interesting, following the major events that negated the expansion of its price to the upside. Recall that about $100 billion was cut off from bitcoin’s market cap during the FTX crisis. However, BTC has successfully recovered, even with a $65 billion additional market cap. The increasing […]
Both the Security and Exchange Commission (SEC) and the New York Department of Financial Service have rendered the cryptocurrency market turbid. This is due to their recent regulations on monetary policies. Recently, the New York Department of Financial Services ordered the termination of the issuance of a stablecoin on Paxos. BTCUSD could be seen facing […]
Gains earned by the bulls to the upside during the announcement of the interest rate were erased as the price fell back to the downside. It’s no news that several important macroeconomic factors have an impact on the price of Bitcoin. This has to do with the fact that bitcoin is typically traded against the […]
