Analysis: Potential Local Bottom for Bitcoin, According to Bitfinex Bitfinex analysts have highlighted various indicators suggesting that Bitcoin may have reached a local bottom in its recent downturn. Bitcoin price dipped below the 120-day range on July 3, hitting a low of $53,219 amidst concerns surrounding Mt. Gox’s creditor repayments. Despite ongoing distributions from Mt. […]
Category Archives: Bitcoin News
Metaplanet Continues to Accumulate Bitcoin Metaplanet, a prominent player in the cryptocurrency space, recently announced their latest purchase of Bitcoin. With this acquisition, Metaplanet now holds a total of 203,734 BTC. The average price at which these Bitcoins were bought is approximately $62,000 per BTC. Key Takeaways Metaplanet continues to show confidence in Bitcoin by […]
Bitcoin Miner TeraWulf Considers Merger Strategy TeraWulf, a Bitcoin mining firm, is open to the idea of merging with other companies to improve profit margins, but not solely for the purpose of empire building, as stated by Kerri Langlais, TeraWulf’s chief strategist. Merger Consideration for Profitability More Mergers Expected in Mining Sector Post Bitcoin Halving […]
Bitcoin Recovery Potential for SOL, DOT, NEAR, and KAS Buyers are eyeing a Bitcoin recovery above $53,500 to potentially spark upward momentum for SOL, DOT, NEAR, and KAS. Bitcoin plunges below $56,552 support but finds buyer interest near $53,500 Spot Bitcoin ETFs witness net inflows of $143.1 million, reinforcing investor interest Altcoins resilient in the […]
5 bullish arguments that Bitcoin price just bottomed at $53K Bullish divergence on the price chart, September rate cut prospects, and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle. Despite Bitcoin (BTC) price volatility and five-month lows, several key indicators suggest that the bulls may still have the upper […]
A Look at Bitcoin’s Potential Price Increase A number of factors in Bitcoin could increase its price over eight times its current value, even if most of them don’t materialize, according to the CEO of crypto-focused reviews portal Apollo, Thomas Fahrer. Each one of these individual things is kind of a low probability, but there’s […]
No, Denmark did not propose to ban self-custody wallets The Danish Financial Supervisory Authority said the exemption of self-custodial wallets from MiCA doesn’t mean such wallets should be banned. Contrary to recent social media reports suggesting that Denmark was “about to ban” Bitcoin wallets, Danish regulators have not proposed banning self-custodial cryptocurrency wallets. The Danish […]
Bitcoin ETF inflows highest in a month as Bitcoin hovers near $63K BlackRock’s IBIT and Grayscale’s GBTC, the two largest spot Bitcoin ETFs by net asset value, saw zero flows on Monday. Spot Bitcoin exchange-traded fund (ETF) market in the United States recorded a significant daily inflow of $129.45 million, marking the fifth consecutive day […]
Market Outlook: Crypto ‘Relief Rally’ on the Horizon The cryptocurrency market is gearing up for a potential rebound this month following a turbulent June. Recent data indicates a slowdown in selling pressure as stablecoin outflows from exchanges decrease. Key Insights Analysts anticipate a “relief rally” after a period of small trader capitulation in June. Negative […]
Bitcoin miner Northern Data mulls IPO for its AI unit: Report Northern Data is considering listing its cloud computing and data center business under two separate entities on the Nasdaq in the first half of 2025. German Bitcoin miner and cloud computing firm Northern Data AG is reportedly seeking an initial public offering for two […]