Bitcoin’s

Bitcoin’s 15% Correction Propelled by Profit-Taking but Bull Cycle Is Far From Over: CryptoQuant

Bitcoin’s 15% Correction Propelled by Profit-Taking but Bull Cycle Is Far From Over: CryptoQuant

Bitcoin (BTC) had entered a period of price correction following its ascent to an all-time high of $73,700. Miners, whales, and other market participants, including large investors, had begun selling their BTC to make profits. However, analysts at CryptoQuant believe the Bitcoin bull cycle is far from over, as price valuation metrics are largely shy […]

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Despite Bitcoin’s Soaring Success, Critics Still Lurking

Despite Bitcoin’s Soaring Success, Critics Still Lurking

European Central Bank advisors have described the U.S. Securities and Exchange Commission’s approval of spot Bitcoin exchange-traded funds in January as “the naked emperor’s new clothes” in their latest blog post. The advisors, Ulrich Bindseil, ECB Director General for Market Infrastructure and Payments, and Advisor Jürgen Schaaf, criticized Bitcoin, outlining its unsuitability as a means

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Bitcoin’s $63,000 Target Still Achievable in March Amid Recent Setback: Matrixport

Bitcoin’s $63,000 Target Still Achievable in March Amid Recent Setback: Matrixport

Bitcoin might seem to have encountered a hurdle after reaching $52,000, but the recent downturn is expected to be short-lived. Matrixport’s latest report suggests that Bitcoin’s target of reaching $63,000 by March 2024 remains feasible. Catalysts supporting this projection include the approval of a Bitcoin spot ETF, the upcoming Bitcoin halving, expectations of an interest

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Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding

Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding

[PRESS RELEASE – Grand Cayman, Cayman Islands, February 21st, 2024] Citrea is the first rollup that enhances the capabilities of Bitcoin blockspace with zero knowledge technology, enabling developers to build everything on Bitcoin. Citrea is thrilled to announce $2.7M in seed funding, led by Galaxy, with the participation from notable investors such as Delphi Ventures,

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Tom Lee Predicts Bitcoin’s Price Will Hit $150,000 By End Of 2024

Tom Lee Predicts Bitcoin’s Price Will Hit $150,000 By End Of 2024

Last updated: February 21, 2024 17:20 EST | 1 min read Image by Andrew Throuvalas, DALL-E 3.Fundstrat analyst Tom Lee believes Bitcoin (BTC)’s price could reach $150,000 by the end of the year, rising 3X from its current value. His bullish prediction is based on two simple factors: rising demand due to Bitcoin ETFs, and

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Citrea, Bitcoin’s First ZK Rollup, Emerges from Stealth

Citrea, Bitcoin’s First ZK Rollup, Emerges from Stealth

[PRESS RELEASE – Grand Cayman, Cayman Islands, February 6th, 2024] Citrea is the first rollup that enhances the capabilities of Bitcoin blockspace with zero knowledge technology, enabling developers to build everything on Bitcoin  Citrea, Bitcoin’s first ZK rollup, has come out of stealth today to enable developers to build everything on Bitcoin. Citrea is the

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Here’s Why Bitcoin’s Hashrate Fell by 25% 3 Months Before Next Halving

Here’s Why Bitcoin’s Hashrate Fell by 25% 3 Months Before Next Halving

The Bitcoin hashrate has experienced a 25% drop since the weekend, raising concerns about the security of the network just ahead of the highly anticipated “halving” event. Data sourced from BTC.com reveals a decline in global hashrate estimates from approximately 600 EH/s on Friday to 450 EH/s by Tuesday. Texas Cold Weather Affects Bitcoin Hashrate

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Bitcoin’s Price Surge Fails to Entice Former Day Traders

Bitcoin’s Price Surge Fails to Entice Former Day Traders

Bitcoin’s price rally hasn’t swayed former retail traders away from the sidelines. Image by Friends Stock, Adobe Stock The price of Bitcoin has rallied in recent weeks, more than doubling from its November 2022 lows after the UK collapse of the cryptocurrency exchange FTX. Former day traders who previously made big profits from Bitcoin’s volatile swings

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