Many believe that Bitcoin remains a desirable asset. However, according to Anthony Scaramucci, CEO of Skybridge Capital, it has not yet attained the “wallet bandwidth” necessary to qualify as an infla...
Category: Bitcoin
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Here’s How Many Wallets Is Needed For Bitcoin To Be An Inflation Hedge
One of bitcoin’s main selling points has been the fact that its return has often put it ahead of the inflation rate. Due to this, it has gained notoriety as the “digital gold” as a good portion of the...
When Bitcoin Will Become An Inflation Hedge? Scaramucci Explained
Many investors picked interest in Bitcoin, believing it could be a hedge against inflation. According to an analyst at D.A Davidson, Chris Brendler, BTC could become a hedge because it is decentralize...
BTC Price Holds in a Range between $20K and $22K
Bears Threaten to Short as Bitcoin Holds in a Range between $20K and $22K – August 23, 2022 Bitcoin trades marginally as it holds in a range between $20K and $22K. The upward move has been restricted ...
Here’s How Hackers Stole Millions From A Bitcoin ATM In An Ingenious Move ⋆ ZyCrypto
Advertisement     A group of hackers pilfered bitcoin from an ATM operated by General Bytes. The hackers broke into the servers through a bug that gave them administra...
Here’s the Worst-Case Scenario for Bitcoin (BTC) in 10 Years, According to Macro Guru Raoul Pal
Real Vision CEO Raoul Pal says that Bitcoin (BTC) can still erupt en route to outperforming other asset classes in the next 10 years even in his worst-case scenario. In a recent roundtable discussion ...
What Is The Merge? A Brief Explanation of Ethereum’s Transition From Proof-of-Work to Proof-of-Stake – Technology Bitcoin News
In 23 days the Ethereum network will transition to a proof-of-stake (PoS) consensus algorithm after operating as a proof-of-work (PoW) blockchain since July 30, 2015. While the change may not mean muc...
Why Bitcoin And Ethereum Saw A Spike In Correlation With Asian Equities
The International Monetary Fund (IMF) published a study on the spike in positive correlation with Bitcoin (BTC), Ethereum (ETH), and Asian equities. The financial organization claims digital assets be...
Bitcoin mining to cost less than 0.5% of global energy if BTC hits $2M: Arcane
Bitcoin (BTC), the world’s most-valued cryptocurrency, has the potential to be a significant energy consumer in the future, but only if it reaches several million dollars, according to new estimates b...
Exchange Giant CME’s Bitcoin Futures Just Hit a Huge Discount to Spot Prices
The report said the ProShares Bitcoin Strategy ETF (BITO) has begun rolling its August contracts into contracts that expire later, possibly causing downward pressure on the front-month contracts. Mond...
On-Chain Platform Glassnode Reveals Factors Behind Bitcoin’s Weakness
Recently, the selling pressure in the crypto space has risen, which has halted the bull run across several assets, especially Bitcoin. In just seven days, the flagship currency has dropped by more tha...
Analyst Says Bitcoin (BTC) and Crypto Bear Market Just Getting Started – Here’s Why
Closely followed analyst Nicholas Merten says that Bitcoin (BTC) and crypto markets are only at the beginning of an extended bear cycle. In a new strategy session, the host of DataDash tells his 515,0...
Investors Take Bitcoin Off Crypto Exchanges ‘Like Never Before’. A Reason To Cheer? ⋆ ZyCrypto
Advertisement     Arcane Research, a cryptocurrency analysis firm, notes that bitcoin holders have been pulling their BTC off exchanges hysterically in a newly release...
Terra’s 2 Classic Coins Mysteriously Spike in Value, USTC Climbs 42% Higher in 24 Hours – Markets and Prices Bitcoin News
During the last 24 hours, crypto asset prices have improved as the global cryptocurrency market capitalization today has risen 1.9% to $1.07 trillion. Interestingly, the two so-called ‘defeated’ Terra...
Ethereum Future Trading Dominating Bitcoin Trading
Spot trading volumes on all centralized crypto exchanges dropped 1.34%. Futures trading increased 13.4% to $3.12 trillion. Despite the market volatility, Bitcoin (BTC) and Ethereum (ETH) had regained ...
Singapore’s DBS Digital Reports Volume Bounce in Bitcoin Trading
Crypto exchange DBS Digital has reported a doubling in trading volume for the month of June, with buy orders accounting for 90% of trades despite the global selloff. The quantity of Bitcoin bought by ...
This is When Bitcoin Will Become an Inflation Hedge
As per Steven Lubka, the managing director of private clients at Swan Bitcoin, ‘Bitcoin is working as a hedge against inflation despite its 2022 weak price performance.’ According to Steven, Bitcoin ...
While Holding the $21K Level, Bitcoin’s Price Fluctuates With An Increased Trading Volume
The bitcoin market today is still unchanged, and the price continues trading in the same range. Little has changed in the price of Bitcoin and Ethereum during the last day. The price of BTC holds supp...
Current BTC Price Level Has Entered An Attractive Buy Zone According To New Metrics ⋆ ZyCrypto
Advertisement     Bitcoin (BTC) has been trading around the $21k zone for a few days now, following a drop from its peak of $24,196 this month. The asset saw a low of ...
ATOM up 12% on Tuesday, as NEAR Snaps Losing Streak – Market Updates Bitcoin News
Cosmos was a notable gainer on Tuesday, as prices of the token rose by as much as 12% in the day. Today’s surge sees the cryptocurrency climb for a third straight day, hitting a five-day high in the p...
Famous Economist Who Predicted 2008 Stock Market Crash Now Has Negative Predictions For Bitcoin
– Advertisement – Schiff is at it again, as he expects the price of BTC to crash below $10,000. The cryptocurrency market has shredded a huge percentage of its value since the beginnin...
El Salvador’s Bitcoin policy could lead the change in global monetary system – Simon Dixon
Prominent investor Simon Dixon recently described El Salvador’s Bitcoin policy as “very responsible” and said it could be the first domino to fall in bringing down the International Monetary Fund’s (...
Bitcoin Balance on Exchanges Has Reached Four-Year Low!
As the crypto winter deepens, only the dedicated Bitcoin investors can be seen holding onto their tokens, but not on the exchanges. Investors seem to be going into hibernation mode as indicated by the...
Contrary to popular belief, the filing shows Tesla recorded $68M in profit from BTC sale ⋆ ZyCrypto
Advertisement     Tesla has recently been the talk of the town within the crypto community. The electric vehicle company dumped about 75% of its BTC holdings despite C...
Australia to Stocktake Crypto Holdings Ahead of Regulation – Regulation Bitcoin News
Australia intends to do a virtual stocktake of cryptocurrency assets held by its citizens, the new executive power in Canberra announced this week. The move is viewed as an indication that the center-...
Crypto community sets Bitcoin price for September 30, 2022
After initially showing signs of a breakout, Bitcoin (BTC) is beginning to display bearish sentiment, with the flagship cryptocurrency facing a renewed battle to sustain its price above $20,000. Nota...
Bitcoin Miner Marathon Digital Targets Trimmed at Cowen
Reflecting those disappointing Q2 results, the Cowen team lowered its 2022 revenue estimate for Marathon to $150 million from $204 million, now below consensus forecasts for $189 million. Cowen also d...
Which Cryptocurrency will be number 3 behind Bitcoin and Ethereum?
The crypto market is back in an uptrend and most cryptocurrencies are making massive gains again. Ethereum in particular has experienced a massive increase in recent weeks. Bitcoin and Ethereum appear...
DBS says Bitcoin buy orders quadrupled despite crypto sell-off
DBS Digital Exchange, the members-only brokerage arm of Singapore-based BDS bank, reported huge increases in the amounts of crypto trades for its clients in June, up from figures seen in April. The pl...
Market strategist calls next 50% fall for bitcoin
Gareth Soloway calls for another leg down for bitcoin which could take it to the depths of $12,000. Gareth Soloway is the Chief Market Strategist for IntheMoneyStocks.com, and he correctly called Bitc...