Bitcoin might be on observe for a significant rally this 12 months, based on Leah Wald, CEO of SOL Methods. Key Takeaways: Bitcoin might hit $175K this 12 months and presumably $1M by 2030, says SOL Methods CEO Leah Wald. Institutional gamers like BlackRock and high buyers are driving bullish long-term projections. Crypto is shifting…
New Glassnode analysis suggests Bitcoin’s traditional 4-year cycle remains structurally intact despite widespread analyst claims that institutional adoption has broken the pattern. The blockchain analytics firm found that Bitcoin’s current cycle duration and long-term holder profit-taking levels closely mirror previous cycles, with all-time highs in both 2015-2018 and 2018-2022 cycles occurring 2-3 months beyond the…
Harvard economist Kenneth Rogoff, who declared in 2018 that Bitcoin was more likely to crash to $100 than rally to $100,000, has returned. He indirectly admitted he was wrong and outlined reasons why his prediction fell through. Harvard Economist Breaks Silence On Missed Bitcoin Prediction In an X post, Rogoff identified himself as the Harvard…
After several days of decreases, the crypto market is up today, with the majority of the top 100 coins turning green over the past 24 hours. Overall, the cryptocurrency market capitalization has increased by 1.1%, now standing at $3.95 trillion. At the same time, the total crypto trading volume is at $154 billion, maintaining a…
Two Bitcoin mining swimming pools now make up for 51% of the community Hashrate, elevating potential issues in regards to the centralization of the blockchain. Foundary & AntPool Make Up For The Majority Of The Bitcoin Hashrate As identified by X person Leo Lanza in a post, two mining swimming pools have gained management of…
Bitcoin’s near-term path, argues macro commentator Bruce Florian–founder of the Bitcoin Self-Custody Company Schwarzberg and a bestselling author–is being set far from crypto order books and deep inside the US money markets, where a once-enormous pool of excess cash has finally run dry. In a thread on X, Florian frames the Federal Reserve’s overnight reverse…
Data shows the Bitcoin Fear & Greed Index has seen a bearish flip following the plunge in the cryptocurrency’s price to $113,000. Bitcoin Has Continued Its Recent Drawdown Since setting a new all-time high (ATH) above $124,000 one week ago, Bitcoin has been facing a downtrend. The bearish momentum has only furthered during the past…
Coinbase CEO Brian Armstrong has predicted Bitcoin could reach $1m per token by the end of the decade, joining a growing list of high-profile figures betting on explosive growth in the world’s largest cryptocurrency. “I think we’ll see $1M per Bitcoin by 2030,” Armstrong wrote on X Thursday as he flagged his interview on the…
Hong Kong-based construction giant Ming Shing Group has announced a pact to purchase 4,250 Bitcoin, valued at $483 million. The Nasdaq-listed firm that engages in wet trades has entered a Bitcoin purchase agreement with British Virgin Islands-registered Winning Mission Group. The company will sell 4,250 BTC to Ming Shing at an average price of $113,638…
Bitcoin has retreated from last week’s record high above $124,000, slipping by over 8% in recent days. At the time of writing, the cryptocurrency trades around $113,867, reflecting a 6.3% decline over the past seven days. The correction has raised questions about the forces driving current market dynamics, particularly the role of large holders in…