Angel investor Jason Calacanis, known for his early backing of Uber, has stirred controversy in the Bitcoin community by suggesting that Bitcoin will eventually be replaced by a superior technology. He emphasized that all technologies evolve, indicating that it’s time to “build a better Bitcoin.” In response, Bitcoin advocates argued that Bitcoin is more than ...
Bitcoin experienced a typical Wall Street sell-off on March 12, despite some optimism around a slowdown in US inflation. After reaching a three-day high of $84,437, BTC/USD fell to $82,400, prompted by renewed selling pressure as trading began. The US Consumer Price Index showed inflation dropping to 2.8%, which was lower than expected, but this ...
In 2024, Bitcoin reached over $100,000 for the first time, with experts predicting it could hit $1 million by 2030. Cathie Wood from Ark Invest believes growing interest from institutional investors and central banks, alongside Bitcoin’s improving network strength, are key factors driving this potential surge. Institutions are increasingly adding Bitcoin to their portfolios, seeing ...
A recent Fidelity research report suggests that 2025 might see central banks and governments worldwide beginning to purchase Bitcoin. This shift could result in massive investments in the cryptocurrency, possibly even surpassing those from spot Bitcoin ETFs. The U.S. government is considering a strategic Bitcoin reserve, potentially acquiring up to one million Bitcoins, significantly impacting ...
Cryptocurrency analyst Kevin Svenson is optimistic about Bitcoin as it approaches its recent all-time high. In a video for his 82,200 YouTube subscribers, he describes Bitcoin’s current trend as parabolic, indicating it may rise significantly before any potential correction. Svenson estimates that Bitcoin could increase between 19% and 34% from its current price of $104,260, ...
Recently, Bitcoin hit a new all-time high above $109,000, prompting significant activity among investors. A crypto data tracker, Whale Alert, reported that three large transactions involving Bitcoin were made from the Robinhood platform, totaling over $162 million. These transactions included two withdrawals of 500 BTC each to unknown addresses within just 15 minutes. Despite some ...
Bitcoin’s recent rise from below $90,000 suggests a positive trend, but concerns linger about its durability. The upcoming U.S. inflation data could impact its price significantly if it exceeds expectations. A key issue is the stagnation in stablecoin supply, which has remained around $189 billion, indicating limited new capital entering the Market. This slowdown contrasts ...
Bitcoin has seen a 2% drop recently, falling to around $94,000, prompting significant selling in both the cryptocurrency and stock markets. On-chain data shows that Bitcoin’s Accumulation Trend Score has plummeted to 0.21, indicating a shift towards asset distribution among holders, particularly among large investors. Despite this trend, Bitcoin’s Market Value to Realized Value (MVRV) ...
Bitcoin prices took a hit recently, dropping 6% after inflation data from the services sector showed a surprising increase, signaling possible economic pressure. The cryptocurrency, which had recently surged to over $100,000, is now trading around $95,500. Investors are closely watching the Federal Reserve’s upcoming meeting minutes from late 2024, especially as recent comments from ...
Concerns have been raised about a potential drop in Bitcoin’s price, particularly due to a gap in trading data from the Chicago Mercantile Exchange (CME). Analysts predict that Bitcoin could fall to around $77,000 as it aims to fill this gap. Egrag Crypto, a prominent analyst, highlighted that Bitcoin has faced significant corrections since October ...
