Author: boss

Will the rising Japanese yen affect Bitcoin and altcoin prices?

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The Japanese yen continued its strong surge against the U.S. dollar as investors embraced its role as a safe-haven asset. The USD/JPY exchange rate plunged to 139.92 on Tuesday, its lowest level since September last year and 11.5% below its highest point in 2024. This decline aligns with the broader weakness of the U.S. dollar and a surge in other developed-world currencies such as the euro, British pound, and Swiss franc. The US dollar Index, a popular gauge that weighs its performance against a basket of currencies, fell to $98,…

Bitdeer secures $60M to boost Bitcoin ASIC production amid record hashrate

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Bitcoin mining firm Bitdeer secured $60 million in loans to ramp up its Bitcoin ASIC manufacturing efforts as global mining competition intensifies amid record-breaking network hashrates. According to its annual report, Bitdeer entered a loan agreement in April with affiliate firm Matrixport, a crypto financial services company founded by Bitdeer’s chairman, Jihan Wu. The facility offers up to $200 million, backed by Bitdeer’s Sealminer hardware, with a floating interest rate of 9% plus market benchmarks. As of April 21, Bitdeer had drawn $43 million from the credit line. Source: Bitdeer’s…

Analyst Sees $14 in Spite of Current Troubles

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Crypto firms moving into Wall Street territory amid ‘growing synergy’

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Cryptocurrency firms and exchanges are increasingly moving into Wall Street territory, launching more traditional investment offerings and showcasing the growing synergy between crypto and traditional finance (TradFi). “There’s a growing synergy between traditional financial investments and the emerging crypto space,” according to Gracy Chen, the CEO of Bitget, the world’s sixth-largest crypto exchange. “Crypto players are now checking out traditional finance as they see the opportunity to bridge it,” Chen told Cointelegraph. “The lines are blurring — investors want flexibility, and products that can straddle both worlds are naturally attractive,”…

Bitcoin miners face mounting pressure from equipment tariffs and ETF demand: Bitwise

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With import levies as high as 46% and capital flowing to low-risk Bitcoin exposure via ETFs, miners are confronting a tightening squeeze on both cost and funding fronts. Bitcoin (BTC) miners in the United States are facing two major challenges at once: rising equipment costs due to import tariffs and growing competition from financial products like ETFs, according to a new report by Bitwise. In the report, Bitwise‘s head of research André Dragosch and research analyst Ayush Tripathi, note that with an estimated 40% of global hashrate operated by American…

New Crypto with Even Greater Upside Potential

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. This might be your last chance to buy Bitcoin below $100K, says Arthur Hayes, the co-founder of BitMEX. Hayes also hinted at an incoming treasury buyback, which might just be the catalyst Bitcoin needs. $BTC has…

Top Analyst Predicts Ethereum Could Ignite Bull Rally If Price Surpasses $2,330

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. As Bitcoin (BTC) approaches the $90,000 mark, Ethereum (ETH) remains in a consolidation phase, trading just above $1,500. This divergence in price movements has sparked discussions among crypto analysts…

Solana whale sits on $153M profit after 4-year staking play

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A Solana address with over 1 million tokens is sitting on more than $153 million in profit after a four-year staking play on the crypto asset.  Blockchain analytics firm Lookonchain flagged the wallet address of a whale that staked nearly 1 million Solana (SOL) tokens in 2021. At the time of the staking, Solana tokens were worth around $27, which means the trader spent about $27 million to execute the play.  Four years later, the whale’s total staked Solana holdings have reached 1.29 million. With Solana appreciating to about $140,…

Crypto Analyst Reveals When The XRP Price Will Reach $25 – It’s Not Far Off

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. The XRP price crossing the $10 mark into the double-digit territory remains a widespread school of thought, and crypto analysts have, at different points, shared analyses that seem to…