FINANCE

BTC-Price-Prediction

Why Bitcoin is Stuck Below $60K: Analysis and Projections

FINANCE / Leave a Comment / / August 19, 2024

The price of Bitcoin (BTC) has remained capped below $60000 and this has raised alarm among investors and analysts. The following reasons can be attributed to this stagnation, which include macroeconomic factors, decline of institutional investors and the issues affecting Bitcoin miners. Macroeconomic Impact Another factor preventing Bitcoin from rising above $60,000 is macroeconomic factors. […]

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Samson Mow Excluded the Possibility of Bitcoin Falling Below $50k

FINANCE / Leave a Comment / / August 18, 2024

The Crash is Not New to Bitcoin More recently one of the most decisive Bitcoin advocates under the name of Samson Mow has reacted to the theories regarding the occurrence of black swans that may bring the BTC price below $50,000. Mow used this to argue that Bitcoin had a potential of sustaining it value

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Why Bitcoin’s $59K Price May Drastically Change in Election Year

FINANCE / Leave a Comment / / August 17, 2024

Bitcoin Price Might Have Some Movement at the Time of 2024 US Elections The actions of bitcoin is replicating that which was observed during the previous US presidential election years: 2012, 2016, and 2020. According to crypto analyst Matthew Hyland, Bitcoin often has long-range consolidation and a devaluation before elections and then increases after that.

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Trump’s Crypto Portfolio

Trump’s Crypto Portfolio Revealed: Is He a Bitcoiner?

FINANCE / Leave a Comment / / August 17, 2024

Trump’s Crypto Holdings Revealed A leaked fiscal report reveals that the former President of the United States of America, has millions of dollars staked in cryptos, which he has been keen on lambasting in his political race for 2024. The filing shows that Trump has between 1 and 5 million US dollars invested in cryptocurrencies.

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Latest Cryptocurrency Updates

MicroStrategy’s Bitcoin Investment Portfolio Reaches $13 Billion

FINANCE / Leave a Comment / / August 16, 2024

Consistent Accumulation Over Time MicroStrategy has been buying bitcoins year by year, especially at low volatility phases of Bitcoin prices. Thus, due to dollar-cost averaging, the company managed to buy BTC, which are worth $13 billion. Even for the recent volatility of the crypto market where the market prices of several cryptos has dipped, this

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US Govt Moves $590M Silk Road Bitcoin to Coinbase: What’s Next?

FINANCE / Leave a Comment / / August 15, 2024

Introduction The US government on 15/08/2024 sent almost 10000 BTC worth over 590M USD to Coinbase Prime account. Although much has been said about this big transfer putting a lot of pressure on the market, some analysts opine that this will not be the case. Considering all those nuances, specialists guess that such mechanism can

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Mining profitability report from Blocksbridge

Blocksbridge’s Latest Market Analysis on Mining Profits

FINANCE / Leave a Comment / / August 9, 2024

The latest report from Blocksbridge has highlighted significant challenges in the Bitcoin mining industry, as profitability metrics have plummeted to record lows. The current miner hashprice, a key metric for gauging mining profit margins, has fallen below $36 per petahash per second (PH/s), marking an unprecedented low. Despite a recent rebound in Bitcoin prices, the

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Metaplanet-raises-¥10.08-billion

Inside Metaplanet’s Strategy: ¥10.08 Billion Bitcoin Investment

Crypto News, FINANCE, Press Releases / Leave a Comment / / August 6, 2024

Japanese tech conglomerate Metaplanet caused a stir after it revealed it will purchase ¥10.08 billion worth of Bitcoin or around $70 million. This move essentially involves one of the biggest investments into the top digital currency asset by a larger stakeholder. At a recent press conference, Metaplanet laid out some strategic rationales on why it

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