Tag: Bitcoins

Investors should tread carefully in March after bitcoin’s rally to $60,000

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With bitcoin on a hot streak this past week, investors should brace themselves for a cooling in March. The flagship cryptocurrency exploded in the final week of February, which ended as the best month since 2020 . It started the week around $50,000 on Monday and leapt above $62,000 by the end of the week —just 10% below its November 2021 all-time high of $68,982.20. “The recent price action seems too quick and too big to sustain over the next month,” said Yuya Hasegawa, crypto market analyst at Japanese bitcoin…

Marathon Announces Anduro Layer Two Platform to Advance Bitcoin’s Capabilities

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Marathon Digital Holdings, one of the world’s largest public Bitcoin mining companies, has announced its work on Anduro, a multichain, layer two platform on top of Bitcoin. With Anduro, Marathon proposes the creation of several sidechains designed to expand Bitcoin’s standard functionality and attract activity previously directed to other chains. Marathon Announces Anduro to Expand […] Original

LBank Labs Invests in QED: Unleashing Bitcoin’s Full Potential with Zero-Knowledge Proofs

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PRESS RELEASE. LBank Labs has achieved a new milestone by participating in the $3 million funding round for QED. This innovative venture is poised to revolutionize the Bitcoin ecosystem with its groundbreaking zk-Native blockchain protocol. The funding round, spearheaded by Arrington Capital, saw contributions from renowned venture capital firms such as Starkware, Draper Dragon, Blockchain […] Original

’10x Surge’ — Coinbase Traffic Overwhelmed Initial Demand Projections Amid Bitcoin’s Rise to $64K

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The crypto enterprise Coinbase, rooted in San Francisco, experienced an influx of online visits that surpassed the tenfold increase anticipated by their projections. Brian Armstrong, the CEO of Coinbase, shared updates about the heightened traffic following the exchange’s operational hiccups, which coincided with bitcoin’s climb to $64,000 on Wednesday. Coinbase Traffic Spike Surpasses Expectations Coinbase, […] Original

Bitcoin’s dash past $62k spurs caution warning from Matrixport veteran

Bitcoin continued an impressive run toward its previous all-time high, eliciting vigilance suggestions from Matrixport’s co-founder, who believes a correction is due.  Matrixport co-founder Daniel Yan tweeted that a market retrace of as much as 15% may be on the cards sometime in April, the same period industry participants anticipate the quadrennial Bitcoin (BTC) halving, which will slash mining rewards.  Yan said the industry is currently experiencing euphoria as crypto’s total market cap climbed above $2.3 trillion, gaining over 6% in a single day per CoinGecko. Matrixport exec advised caution…

Bitcoin’s Swift Climb Triggers Soaring Premium in South Korea During Worldwide Rally

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On Wednesday, bitcoin’s value ascended past the $60K threshold, peaking at a 24-hour high of $61,389 by 10:45 a.m. (ET). Concurrently, South Korea observed a pronounced premium over the international exchange rate, with local platforms such as Upbit and Bithumb displaying prices that are $2,251 higher. In a Worldwide Bitcoin Frenzy, South Korea and 30+ […] Original

QCP Capital explains when to expect Bitcoin’s all-time high

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Amid Bitcoin’s (BTC) rally, experts at QCP Capital wondered whether BTC could hit all-time highs sooner than the end of March. At the time of writing, BTC is trading at $58,300, up 4% in 24 hours and 13% in the last seven days, according to CoinMarketCap data. Following the rapid growth of the first cryptocurrency, analysts at QCP Capital wondered whether BTC would reach all-time high earlier than the end of March 2024. Source: CoinMarketCap In their latest analysis, experts presented bullish and bearish scenarios for Bitcoin. The first is…

Man Who Laundered Billions in Bitcoins Says Bitcoin Fog Was a Help: Bloomberg

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Bitcoin’s all-time high is in view after it breached $57,000: Analysts

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Bitcoin’s all-time high is in clear sight after the cryptocurrency surpassed $57,000 on Tuesday. The flagship crypto is now roughly 20% off its November 2021 all-time high of $68,982.20, and it just cleared a key resistance level, according to Fairlead Strategies. “The main thing to highlight is the confirmed breakout above $48,000, which targets final resistance [of about] $64,900,” said Will Tamplin, senior analyst at Fairlead. BTC.CM= 5D mountain Bitcoin this week confirmed a breakout above $48,000 Oppenheimer chart analyst Ari Wald confirmed that outlook. “Positive momentum for the price…