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In the evening hours yesterday, Bitcoin had a steep decline with its price sliding to roughly $68,000. Investors were concerned because everything looked good but then this sudden decline happened. Therefore what caused it? Why is Bitcoin Falling? The reason Bitcoin’s price dropped recently was because of better-than-expected non-farm payroll data print in the USA….
The Countdown to Halving With less than 2 days left before the crucial half-off event, where the daily supply of bitcoin drops from 900 to 450, miners are fiercely competing to mine a block the first after the half-reduction The first “satoshi” obtained from the initial half-reduction can fetch experts millions of dollars It is…
In a recent development, Bit Brother Limited, a prominent player in the Bitcoin mining sector, grapples with a Nasdaq delisting notice, a significant event that warrants careful examination. The notice, officially delivered on January 30, invokes the provisions outlined in Rule 5101 of the Nasdaq Listing Rules, signaling a potential delisting scenario for Bit Brother….
The Securities and Exchange Commission (SEC) chairman voiced concerns about Bitcoin to CNBC recently. However, despite the approval of multiple ETFs for the cryptocurrency, reservations persist about its nature. The regulatory body embraces some facets of the digital asset, therefore indicating a nuanced stance. The chairman emphasizes the need for investors to recognize Bitcoin’s speculative…
On Tuesday afternoon, a hacker targeted the U.S. Securities and Exchange Commission’s official Twitter account, unfolding an alarming event. The hacker disseminated a misleading message that falsely announced the approval of Bitcoin Exchange-Traded Funds (ETFs) by the SEC. The cryptocurrency market felt the immediate repercussions of this security breach. Bitcoin’s price surged suddenly, peaking at…
Bitcoin’s optimistic trajectory in 2024 has caught the attention of Perianne Boring, CEO of the Chamber of Digital Commerce. Boring, leading a US-based industry organization focused on digital assets and blockchain technology, boldly predicts a long-term price of $1 million. The crypto community remains enthralled by the anticipation of Bitcoin spot ETFs gaining acceptance. Additionally,…
The recent surge of over 15% in Bitcoin within the past week has proven to be immensely profitable for Michael Saylor, the visionary behind MicroStrategy, who invested billions in the largest cryptocurrency. MicroStrategy, Saylor’s software company, has witnessed a surge in unrealized profits, soaring to an impressive $2.37 billion alongside the recent bullish market trends….
In the unfolding saga of Bitcoin’s price movements throughout this month, the cryptocurrency has steadily climbed, recently surpassing the $44,000 mark. But, traders who took bearish positions in leveraged trades are now facing millions of dollars in losses. Moreover, the breach of the crucial resistance level at $45,000 could exacerbate these losses. Consequently, analysts suggest…
Jenny Johnson, the CEO of Franklin Templeton, revealed the company’s cryptocurrency portfolio. The company recently applied for a Bitcoin exchange-traded fund (ETF) with the SEC. As a result, we made this disclosure. Johnson talked to Fortune about her various crypto investments, not Bitcoin. The Cryptocurrency Landscape Johnson, who is leading a major player trying to…
SEC’s Crucial Week Approaches for Bitcoin ETFs The U.S. Securities and Exchange Commission (SEC) is at the forefront of a significant timeline this week. Until November 17, the SEC must decide on a series of spot Bitcoin Exchange Traded Funds (ETFs), a verdict eagerly awaited by investors and industry experts alike. Nate Geraci, President of…
Bitcoin has again surged, surpassing $37,000 today, marking a level not seen since May 2022. This upward momentum extends to altcoins, with Ether climbing nearly 6% to $2040 in the last 24 hours. XRP saw a 3.22% increase, accompanied by parallel gains in Solana and Cardano. The ETF Anticipation The driving force behind Bitcoin’s price…
As Bitcoin’s price continues to surge, Bitcoin miners have ramped up their selling activities. Data compiled by TheMinerDag reveals that the top 13 publicly traded Bitcoin mining companies sold more Bitcoin than they produced throughout October. Companies like Marathon Digital and Core Scientific reported a sales-to-production ratio of approximately 105%. This implies that miners sold…