Bitcoin is increasingly seen as a contender to replace gold as the world’s leading reserve asset amidst rising inflation and economic uncertainty. Countries such as El Salvador and Brazil are looking to Bitcoin to enhance their financial security, with El Salvador holding nearly 6,000 Bitcoins, valued at over $560 million. Experts believe that Bitcoin offers ...
Bitcoin’s price recently fell below $96,000 after a significant amount, around $3.2 billion worth of BTC, was transferred to exchanges, indicating possible sell-offs that could impact prices further. Despite this drop, many analysts remain optimistic about a potential recovery, with predictions suggesting Bitcoin could reach $110,000 by the end of this year and possibly over ...
The current pattern in Bitcoin shows a significant five-wave rally that peaked at ₹1,08,367. Recently, it sharply retraced to ₹92,209 on December 20, 2024, and has been consolidating between ₹92,209 and ₹99,872. This movement indicates a Flat Correction pattern. Key observations reveal that an impulsive wave C ends with a Rising Wedge near ₹99,872, while ...
Russian companies are turning to Bitcoin and other cryptocurrencies for international payments due to Western sanctions. With Chinese banks significantly reducing their transaction support for Russia over concerns about access to U.S. financial markets, the use of digital currencies has become increasingly important. Russian Finance Minister Anton Siluanov confirmed that domestically mined Bitcoin is being ...
Russian companies are increasingly turning to Bitcoin and other digital currencies for international payments due to Western sanctions. Chinese banks, once key players in Russian trade, have drastically reduced transaction support, fearing repercussions in U.S. financial markets. Reports indicate that by mid-2024, up to 80% of Russian payments in yuan were either rejected or returned. ...
Bitcoin prices are holding steady around $98,000, with no sign of a typical year-end rally. Interestingly, since Election Day, Bitcoin has seen an impressive 43% increase, adding nearly $600 billion to its Market cap. Despite this surge, the broader cryptocurrency Market has dipped about 1%, valuing at $3.4 trillion. Ethereum is trading lower at approximately ...
The cryptocurrency investment wave in South Korea has seen a significant milestone, with over 15 million residents now involved, which is about 30% of the population. This surge is attributed to the optimism surrounding US President-elect Donald Trump’s commitment to enhancing the crypto Market. According to the Bank of Korea, the number of retail crypto ...
VivoPower, a global battery technology and electric vehicle services company, is venturing into cryptocurrency by mining dogecoin using renewable energy. Its subsidiary, Caret Digital, plans to start operations in early 2025 at facilities in Wisconsin and Oregon, utilizing 1,000 Antminer L9 machines. The company expects to generate up to $25 million in annual revenue, with ...
MicroStrategy’s stock has dropped over 8.5% following its inclusion in the Nasdaq 100, struggling with a significant loss amid a turbulent Market. The company recently sold $561 million in stock to buy more Bitcoin, bringing its total to 444,262 BTC. Critics are raising concerns as the latest purchase is its smallest yet and priced above ...
Russia’s Finance Minister has announced that many Russian companies are now using Bitcoin for foreign trade to bypass Western sanctions. To support this, the government has recently implemented laws legalizing Bitcoin mining and other cryptocurrencies. Finance Minister Anton Siluanov noted that Bitcoin transactions are already happening and should expand next year. President Putin has also ...
