Although the cost of mining has skyrocketed by about 200% this year, researchers’ expectations remain in favor of Bitcoin miners. As interest in renewable energy soars in the United States, the demand for natural gas plummets. As expected by the U.S. Energy Information Association, a depreciation in the price of energy is looming. While the […]
In the past few months, the value of Bitcoin has been bullish. However, the ongoing direction bias seems negative as BTC plummets momentarily downward. Moreover, as per Arkham Intelligence, a renowned crypto investor, Andrew Kang, has recently chosen to sell off a huge amount of BTC from his assets. The market’s outlook is bearish, as […]
The U.S. Government has expressed considerable skepticism about the prospects for Bitcoin and the cryptocurrency market as a whole. This occurs as a result of legal problems, fraud, and hacking thefts. The U.S. Government has expressed worries over these vulnerabilities, casting doubt on Bitcoin’s potential and initiating a strategy to sell off a portion of its […]
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 […]
Bitcoin just got a big, fat vote of confidence from MicroStrategy, and the cryptocurrency market is buzzing with excitement. MicroStrategy, the software company co-founded by Michael Saylor, a crypto evangelist, has prepaid its $205 million loan from Silvergate Bank and increased its Bitcoin holdings to a whopping 138,955 BTC. MicroStrategy repaid its $205M Silvergate loan […]
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 […]
In 2017, Bitcoin enthusiasts made some crazy bets. John McAfee promised to eat his own private part if Bitcoin didn’t reach $1 million per BTC by 2020. Many others, including Chamath Palihapitiya, Harold Burger, Wences Casares, and Raoul Pal, predicted that Bitcoin would hit $1 million in five to 20 years. These predictions seemed outlandish, […]
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 […]
