Day: April 10, 2024

Here Are The Drivers Behind The Bitcoin Price Crash To $68,000

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Bitcoin has again experienced a price decline since briefly climbing above the $72,000 mark on April 8. This price dip is believed to be due to a couple of factors, which no doubt present a bearish outlook for the flagship crypto. Inflation Data Expected To Come In Hot The March Consumer Price Index (CPI) data is scheduled to be released on April 10. Some market experts predict that the report will show a rise in overall inflation. This could lead to the Federal Reserve taking a hawkish stance on interest…

Crypto Miners Run Down Bitcoin (BTC) Holdings to 3-Year Low in a Strategic Pre-Halving Move

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Fezoo presale attracts Litecoin and Cardano investors seeking growth

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Litecoin and Cardano holders look for promising new opportunities, Fezoo’s presale emerges as a hotbed of potential with its fast transactions and advanced trading features. There has been a recent boom in the cryptocurrency space, favoring several investors. While many mainstream coins have performed excellently, Litecoin and Cardano are yet to catch up. With analysts predicting huge gains from new tokens, their holders want to reinvest in projects…

Is $80K Still Possible, or Is the Rally Over?

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Bitcoin, the undisputed king of cryptocurrencies, is once again on a wild ride. After a surge over the weekend that brought it close to shattering its all-time high, the digital asset has dipped back below the crucial $70,000 mark in the last 24 hours. This sudden correction has left investors wondering if the predicted surge to $80,000 is still on the table. Source: Coingecko Bitcoin Erases Weekend Gains Just days ago, Bitcoin bulls were celebrating as the price climbed to near record highs exceeding $70,000. This bullish momentum fueled optimism,…

Marathon CEO expects no explosive surge for Bitcoin, halving priced in

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Marathon CEO Fred Thiel suggests that Bitcoin’s upcoming halving may already be partially priced in due to the success of spot ETF approvals. The upcoming halving of Bitcoin, set for mid-April, might already be accounted for to some extent, as suggested by Fred Thiel, CEO of Marathon Digital Holdings, the largest public U.S. crypto mining company. In an interview with Bloomberg, Thiel attributed Bitcoin’s recent surge to an all-time high partly to the approval of spot exchange-traded funds (ETFs), which has attracted increased capital into the market. “I think the…

Bitcoin Falls Below $69K Ahead of U.S. CPI; Cardano, Dogecoin Lead Majors Losses

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

EOS Network unveils exSat to solve Bitcoin scalability issues

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EOS has announced a new solution aiming to improve Bitcoin’s scalability and compatibility with layer-2 networks. EOS Network, a blockchain platform powered by the EOS virtual machine, has announced the development of exSat, a docking layer, aimed at bridging the gap between Bitcoin‘s mainnet and a diverse array of layer-2 scaling solutions within the Bitcoin ecosystem. In a blog announcement on Apr. 10, the exSat Network team said their solution could potentially expand Bitcoin’s data consensus to enhance “interoperability, scalability, and security within the Bitcoin ecosystem.” “By facilitating direct queries…