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Bitcoin today fell below $19,000. At the same time, many experts remain optimistic and believe that BTC will grow in value in the long term. The Australian company Finder polled crypto experts, most of whom said that Bitcoin could reach $80,000 by 2025. In subsequent years, BTC will achieve more...
In September 2021, a law came into force in El Salvador recognizing bitcoin as a legal means of payment. The initiator of its adoption was the President of the country Nayib Bukele. After that, the authorities of El Salvador periodically entered the market to purchase cryptocurrency to replenish...
Last week, institutional investors invested about $8.8 million in Bitcoin-focused crypto funds. Analysts at CoinShares note that big capital has been entering this instrument for the past five weeks in a row. Since the beginning of 2022, the net inflow of institutional money into BTC funds amounted...
We can now see Bitcoin in the list of Guinness World Records for a number of entries. The book mentions that Bitcoin is the first decentralized cryptocurrency, the oldest active cryptocurrency, the first blockchain, etc. Searching "Bitcoin" on the Guinness World Records website, users...
According to strategist and vice president of DBS Bank Daryl Ho, bitcoin has several advantages over traditional currencies. He told reporters that transactions on the BTC network can be made continuously and without the need for approval from any regulatory authorities. Independence is the main...
In a forecast released at the start of 2022, Ark Investment anticipated that bitcoin will increase to $1 million. Analysts predict that during the coming years, the BTC rate will increase. CEO of Ark Investment, Cathy Wood, likewise anticipates a risky scenario. According to her, bitcoin will soar...
Binance Pool has announced the creation of a $500 million fund to provide debt financing to struggling bitcoin miners. The initiative targets both public and private players in the industry. The loan will be issued for a period of 18 to 24 months secured by cryptocurrencies and/or...
Nigel Farage, a former Member of the European Parliament believes that Bitcoin is the ultimate freedom. At the Bitcoin Amsterdam conference, he said Bitcoin, as any new idea, faces the opposition of the entire establishment. Farage finds that Bitcoin is an economic insurgence driven and led by...
Another change to the level of difficulty for mining bitcoins was made on Monday. The highest rise in difficulty since May 2021, this metric is up 13.55 percent. The previous change was made on September 14 when the challenge increased to 32.05 T. It climbed to 35.61 T on October 10. In parallel,...
Billionaire hedge fund manager, the founder of Tudor Investment, Paul Tudor Jones believes that Bitcoin and Ether will grow in price in a post-recession market. In an interview with CNBC’s Squawk Box, he said that cryptos could see essential growth in the future. Talking about the global economy...
Analysts at Ark Invest found that long-term investors or so-called hodlers have been buying up bitcoins over the past few months. They took advantage of the collapse of the BTC rate in the spring and summer of 2022 and accumulated a record amount of cryptocurrency. Currently, hodlers control...
Bloomberg Intelligence released Cryptos Outlook October edition, which mentions positive trends in the crypto market. According to senior commodity strategist at Bloomberg Intelligence, Mike McGlone, amid the rate hikes by more central banks, we see the tendency resuming for Bitcoin, Ethereum and...
The current week started with the strengthening of bitcoin. The largest digital currency for the first time since the end of September began to trade above $20,000. In a day, the BTC rate strengthened by 4% to $20,092. Altcoins were also able to partially win back losses. Ether (ETH) rose to $1340,...
On the night of Tuesday, October 4, bitcoin (BTC) rose to $19,537. During the day, the capitalization of the largest digital currency increased by 1.5% to $374.687 billion. BTC has been trading above $19,000 for the past few days. The stabilization of the rate was a direct result of the easing of...
A filing by the SEC reveals that the New York Digital Investment Group (NYDIG) has raised $720 M for its institutional Bitcoin Fund. In addition, a filing by the US SEC published last week indicates the group's intent to add more Bitcoin to its balance sheet. Around 59 participants have invested in...
Despite strong sell-offs in the stock market last Thursday, bitcoin was able to stay above $19,000. On Friday, September 30, the largest digital currency is trading at $19,551. Galaxy Digital CEO Mike Novogratz believes that BTC held steady in September because the majority of investors left the...
JPMorgan CEO Jamie Dimon has been critical of digital currencies over the past few years. Bitcoin, in his opinion, poses the greatest threat to the financial sector. TV presenter Kevin O'Leary explained why the banker is so critical of cryptocurrencies. According to him, Dimon fears that...
On Wednesday, September 28, cryptocurrencies were again in the red zone against the backdrop of increasing pressure on the stock markets. The bitcoin rate fell to $18,700, the coin continues to trade at a two-week low. Ethereum rolled back to $1282. The Merge fork did not improve the attractiveness...
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