On Monday, Bloomberg spotlighted Blackrock’s Ishares Bitcoin Trust, or IBIT, as the “greatest launch” in exchange-traded fund (ETF) history. Bitcoin Takes Center Stage as Blackrock’s IBIT Breaks Records Blackrock, the world’s largest asset manager, reached an all-time peak of $11.5 trillion in assets under management by the end of Q3 2024, thanks to significant net […] Original
Bitcoin price continued its strong downward trend even after MicroStrategy and Tether announced fresh acquisitions. Bitcoin (BTC) traded near the $91,000 level on Monday, Dec. 30, down by 15% from its highest level this year, and technicals suggest that it has more downside. This decline persisted despite MicroStrategy announced it had acquired 2,138 more Bitcoins last week, marking the eighth consecutive week of purchases and bringing its total holdings to 446,400. Tether also added 7,630 Bitcoins, increasing its total holdings to over $7.7 billion. Other large companies, including Marathon Digital,…
Este artículo también está disponible en español. Although Bitcoin is having a rough moment this week, with prices oscillating between $93k and $96k, at least one popular crypto commentator is predicting a massive price run soon. According to Ted Boydston, the market should prepare for a manic bull run in the coming days, with Bitcoin’s price targeting $225k. Related Reading Boydston highlights the price oscillator on M2, which offers real-time buy and sell signals for traders and investors. He then explained that the tool recently displayed a buy signal. And…
Donald Trump clinched the presidential nomination in November, creating a frenzy of bitcoin price predictions that range from a modest $130,000 to a mind-bending $49 million per coin. Top Minds Predict Bitcoin’s Price Trajectory A black swan event is an occurrence so rare and unpredictable that no one sees it coming, yet its impact is […] Original
Litecoin is an early-stage altcoin developed by a former Google Engineer, Charlie Lee in October 2011. Lee wanted to create a cryptocurrency faster than Bitcoin and easily accessible, with the aim to process a block in every two and a half minutes compared to ten minutes of bitcoin. So, let’s look at how to mine Litecoin. What is Litecoin mining and how does it work? Mining Litecoin (LTC) is what keeps everything in check. Think of miners as the guardians of the system, using their computers to solve puzzles that…
Este artículo también está disponible en español. Legendary analyst Peter Brandt has provided a bearish outlook for the Bitcoin price. He predicted it could crash to as low as $78,000 and explained why he holds such a bearish sentiment. Peter Brandt Predicts Bitcoin Price Crash To $78,000 In an X post, Peter Brandt predicted that the Bitcoin price could crash to $78,000. This prediction came as he revealed a head and shoulders top pattern. The legendary analyst remarked that a complete formation of this pattern could cause a price breakdown…
As 2024 winds down, the crypto economy has flourished, growing by an impressive $1.62 trillion in value over the year. Interestingly, nine of the top ten gainers for the year turned out to be meme tokens, with only one utility token breaking into the elite group. Meme Coins Take the Crown The crypto sector expanded […] Source CryptoX Portal
Recent Ethereum market swings have revealed an interesting disparity between price and network activity. Staking activity has kept rising while ETH retreated to $3,400, a 16% drop from its December peak. Due to investors staking record amounts of ETH, the total staked assets have exceeded expectations. Even while short-term price fluctuations have led some to doubt Ethereum’s viability, this surge in staking is a sign of growing confidence in the cryptocurrency’s long-term worth. Investor Confidence Indicated By ETF Inflows Another significant development is the increase in exchange-traded funds (ETFs) that…
Former Bithumb CEO Lee Sang-jun has reportedly been sentenced to prison after being found guilty of receiving cash and gifts to engage in a fraudulent token listing scheme. Local Korean news outlet The Hankyoreh reports that the Seoul Southern District Court has sentenced the 55-year-old to two years behind bars and ordered him to pay a fine of 52 million won ($35,367) for receiving money and lavish items as bribes from businessman Kang Jong-hyun. Kang allegedly shelled out 3 billion won (roughly $2 million) in cash and over $272,000 worth…
Jan Nieuwenhuijs, a gold market analyst, has raised concerns about the rise in the People’s Bank of China (PBOC) secret gold purchase operations. He believes the bank has accumulated over 100 tonnes of gold through unreported London gold imports during Q4 2024. Golden Chase: China Has Secretly Scooped Up Over 100 Tonnes of Gold in […] Source CryptoX Portal