As bitcoin hovers around the $67,000 mark on March 18, 2024, there’s still widespread speculation about the potential for its price to climb even higher. The analyst Plan B continues to shed light on his well-known stock-to-flow (S2F) model, which suggests that “exponential growth” is expected to “continue.” Plan B: ‘S2F = Exponential Growth’ The […] Original
Tag: Bitcoins
Bitcoin’s fourth halving might lead to mining power centralization, Bitfinex says
Bitfinex warns of potential centralization of mining power amid concerns over the upcoming Bitcoin’s halving, which could increase financial pressure on small miners. Bitcoin’s upcoming fourth halving scheduled for around Apr. 20 might force smaller miners to exit the market, with remaining mining operations likely to be accessible only by publicly traded miners. According to a recent report by Bitfinex, the upcoming halving event could prompt smaller miners to exit the market altogether, leaving the field dominated by publicly traded mining companies. This concentration of mining power, Bitfinex cautions, is…
Robert Kiyosaki Highlights ‘Problem’ With Gold, Silver, and Oil — Praises Bitcoin’s Limited Supply
Rich Dad Poor Dad author Robert Kiyosaki has pointed out “the problem” with gold, silver, and oil, while confirming his ownership of gold, silver mines, and oil wells. Touting bitcoin’s limited supply, the famous author emphasized that no matter how high the price of bitcoin rises, there can only be 21 million coins. “That’s why […] Original
US government holds 210k Bitcoins with $14.4b unrealized profit
The U.S. government’s holdings of 210,392 BTC worth $14.4 billion make the country one of the largest holders of the coin. The head of CryptoQuant, Ki Young Ju, noted that the U.S. Department of Justice, the Internal Revenue Service, and other departments have not sold a single Bitcoin (BTC) since July 2023. The government’s unrealized profits increased 2.4 times. At the same time, Arkham platform analysts have different data. They reported that the address, which allegedly belongs to the U.S. authorities, stores 215,245 BTC, which amounts to about $14.8 billion…
Speculation Rises on Whether Bitcoin’s Halving Is Reflected in Current Prices
Bitcoin has witnessed new highs in its price lately, with the premier cryptocurrency experiencing an over 60% increase since the beginning of the year. Meanwhile, the crypto community is abuzz with debates on whether the impending halving event is already reflected in the price. There’s a prevailing suspicion that despite bitcoin’s climb against the U.S. […] Original
XRP and Bitcoin’s 2024 outlook; Cardano whales eye memecoin
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the crypto market flutuates, XRP strives for a comeback, while Bitcoin maintains its lead. Interest surges in Rebel Satoshi’s presale, driven by Cardano whales. As investors navigate the dynamic crypto market, attention turns to XRP and Bitcoin’s contrasting performance and their potential outlook for 2024. Meanwhile, Cardano whales express enthusiasm over the next stage of Rebel Satoshi‘s ($RBLZ) presale. XRP’s path to recovery XRP’s journey to reclaim its…
Craig Wright’s Counsel Hits Back at COPA’s Fraud Allegations in Trial to see if He’s Bitcoins Creator
He also argued that COPA’s witness Patrick Madden’s evidence was inadmissible due to his ties with COPA. Madden had testified that many of Wright’s reliance documents had been altered “often with the apparent purpose of supporting his claims,” a court document seen by CoinDesk showed. Source
Bitcoin’s rally above $73,000 persists despite swift plunge
Bitcoin demonstrates ongoing momentum surging to a high of $73,887 without showing signs of exhaustion. The crypto market saw Bitcoin (BTC) break new ground, hitting an all-time high of $73,887 (on EXMO) before experiencing a rapid pullback as it briefly touched $74,000. This surge in volatility followed a record-breaking day, with net inflows totaling over $1 billion, according to data from BitMEX Research. [1/4] Bitcoin ETF Flow – 12 March 2024 All data in. Record day with over $1 billion of net inflow. Blackrock with a record $849 million of…
Bitcoin’s all-time high leads to record $600m liquidity depth
The depth of the Bitcoin market reached a record $600 million, coinciding with Bitcoin’s recent all-time high. Experts added that this situation indicates traders are taking profits as the historical maximum is renewed. On March 4, open interest in Bitcoin (BTC) perpetual contracts jumped nearly $2 billion to a multi-year high of $15 billion before falling $1.4 billion the next day. Experts concluded that the preservation of financing rates near the peaks indicates the stability of demand for the asset. However, on-chain analysis showed a relatively slow increase in new…
Coinbase CEO discusses Bitcoin’s necessity in light of US debt growth
Coinbase CEO Brian Armstrong explains the importance of Bitcoin in response to the United States’ $30 trillion surge in national debt over the last 28 years. In the context of the United States’ burgeoning national debt, Robert Sterling, CFO of 20 Dollar Consulting, highlights the alarming rate at which the U.S. debt has grown, underscoring a bipartisan trend of fiscal expansion under successive administrations. Sterling points out that the acceleration of debt accumulation began with George W. Bush and continued through the previous three presidencies. Significant milestones were crossed in…