Category: BTC

Can Bitcoin’s Price Hit $1 Million? Ark Invest Is Confident It Can Happen In 2030

Cathie Wood’s ARK Invest has made a mind-blowing prediction for the price of Bitcoin and Ethereum. According to their Big Ideas Summit 2022 (BIS 2022) report, Bitcoin may exceed a value of $1 million in 2030. Ethereum too will expand its market cap significantly to $20 trillion in the next decade. Both Bitcoin and Ethereum […]

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IMF directors urge El Salvador to remove Bitcoin as legal tender

IMF directors urge El Salvador to remove Bitcoin as legal tender

Executive directors of the International Monetary Fund (IMF) have urged El Salvador to remove Bitcoin’s status as legal tender in the country, according to a Jan. 25 announcement from the organization.  The recommendation came as the IMF’s executive board finished a so-called “Article IV consultation” with El Salvador on Jan. 24, which refers to mandated […]

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Bitcoin’s Positive Correlation With The Stock Market Index Records A Mild Increase

Bitcoin has often been touted to be a non-correlated asset that can be used to diversify risk in an investment portfolio. This may however be changing according to new data. Reuters reports that since 2020, the correlation between Bitcoin and the S&P 500 index (.SPX) has been increasing positively, causing Bitcoin to follow trends in […]

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Bitcoin climbs more than 10% following an ‘extraordinary’ recovery in US equities

Bitcoin climbs more than 10% following an ‘extraordinary’ recovery in US equities

Bitcoin’s price rose more than 11% during Monday afternoon trading after falling precipitously earlier in the day. The fall to monthly lows below $40,000 that began last week continued into the new one, with bitcoin hitting a low of $32,933 on Coinbase, according to data from TradingView. As of press time, bitcoin is trading hands […]

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US Still Dominates Bitcoin Mining Sector, 30-Day Stats Show Foundry USA Takes Top Pool Position

US Still Dominates Bitcoin Mining Sector, 30-Day Stats Show Foundry USA Takes Top Pool Position

Since the Cambridge Bitcoin Electricity Consumption Index (CBECI) project updated its mining map in mid-July, the United States has continued to dominate in terms of the amount of hashpower worldwide. Moreover, data shows that Foundry USA has managed to command the top pool position with 755 bitcoin block rewards mined during the last 30 days. […]

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Buy The Dip Survey Shows 61% Of Chinese Bitcoin Investors Still Willing To Bet On Bitcoin

Crypto market participants everywhere are watching the market crash with keen guarded interest. In a recent survey conducted among Chinese crypto investors, the majority of them revealed that they would consider buying the dip in the price range of $30,000 per Bitcoin. Meanwhile, faint signals of bullishness still have analysts predicting that $100,000 is still […]

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Bitmain Reveals Hydro Bitcoin Miner With 198 Terahash, Produces Almost Double the Power of Today’s Top Machines

Bitmain Reveals Hydro Bitcoin Miner With 198 Terahash, Produces Almost Double the Power of Today’s Top Machines

One of the largest bitcoin mining rig manufacturers in the world, Bitmain announced the launch of a new bitcoin miner that boasts speeds of up to 198 terahash per second (TH/s). The new model is called the Antminer S19 Pro+ Hyd. and it leverages liquid cooling technology in order to improve overall efficiency. Bitmain’s Latest […]

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SEC rebuffs MicroStrategy’s non-GAAP bitcoin accounting approach: report

SEC rebuffs MicroStrategy’s non-GAAP bitcoin accounting approach: report

Reports on Friday evening indicate that the Securities and Exchange Commission is pushing back on MicroStrategy’s approach to bitcoin accounting. Bloomberg and CNBC both reported on the SEC’s rebuffing, which was included in a December 3 filing that appears to show a months-long back-and-forth between the publicly traded company and the US securities regulator on […]

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“At Some Point There’ll Be A Flash Crash” Says Gold Bull Peter Schiff

Bitcoin’s price is down 18.7% in the last seven. The current price is around $35,200, down 9.19% in the last 24 hours. According to Peter Schiff, a diehard gold bug and Bitcoin skeptic, Bitcoin has only started its journey to zero. Schiff stated that he expects to see the Bitcoin market enter a panic selling […]

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