Author: NBTC
The price of Bitcoin has jumped to a weekly high of more than $71,000, with just a few weeks to go before the cryptocurrency’s much-anticipated block rewards halving. Bitcoin’s price touched $71,000 Monday evening, before pulling back and surging to a high of $71,419.17 Tuesday morning. The cryptocurrency is currently trading hands at $70,955.86, up 5.9% on the day and 10.9% on the week, per data from CoinGecko. BTC has had a volatile couple of weeks since posting an all-time high of almost $74,000 earlier this month, dipping alongside stocks on the news that inflation in February was hotter than…
The European Union’s crypto regulation, called MiCA (Markets in Crypto-Assets), will come into effect during this 2024. According to several experts, it will have a profound impact on the entire crypto sector, to the point of even becoming a global reference point for crypto regulation. Since its actual entry into force is not far off, some exchanges have already started to prepare, making it possible to carry out a first analysis. MiCA: Bitget Research’s Q&A on the impact of the new European crypto regulation The future of crypto trading Consumer protection guaranteed by the crypto regulation MiCA Market dynamics MiCA:…
In March, bitcoin miners amassed an unprecedented level of revenue not seen in the previous 12 months, hitting a high of $2.01 billion from rewards and transfer fees. Of this total, $85.81 million was earned from transaction fees over the past month. Historic Month for Bitcoin Miners — Income Peaks at $2 Billion As we edge closer to the halving event, bitcoin (BTC) miners have seen a significant increase in their earnings, both from collected rewards and transfer fees. March set a new benchmark as the month with the highest revenue in the last year. Moreover, the milestone was also…
Bitcoin recently surged past $70,000, setting a new weekly record close to $71,217. Analyst KSI predicts a potential decline before Bitcoin hits $100,000, mentioning a range of $73,000 to $80,000. KSI anticipates a correction with Bitcoin dropping between $50,000 and $60,000 before a potential rise. In the fast-paced world of cryptocurrency, Bitcoin stands as the undisputed leader, showcasing remarkable resilience and surging to new heights. Recent market dynamics have propelled Bitcoin above critical resistance levels, with prices comfortably exceeding $70,000. This surge, driven by bullish sentiment and notable market developments, underscores Bitcoin’s enduring allure and potential for substantial gains. At…
In a recent post on the X social media network, prominent investor Anthony Scaramucci opined that a recent anti-court decision made no sense. He said that it was “clearly a hostile attack” against the industry. Earlier this week, Wyoming-based Custodia Bank faced a major setback, with Judge Scott Skavdahl, of the District of Wyoming, shooting down its motion for judgment. The judge has ruled that the Federal Reserve is not obliged to grant the bank access to its master accounts. Following the unfavorable ruling, Custodia Bank is now considering an appeal. In its motion, Custodia Bank argued that the lack…
Hut 8 looks to deploy its large stack of bitcoin holdings with “discipline” heading into the bitcoin halving while further diversifying its revenue streams, the company’s chief executive said. The company, which completed a merger of equals with US Bitcoin Corp last year, tallied $60.6 million in revenue during the second half of 2023. Net income was $6.2 million over that span. Nearly 70% of that revenue comes from crypto mining, CEO Asher Genoot said during the company’s earnings call Thursday. But Hut 8 seeks to further diversify its revenue streams across its managed services business, the CEO noted —…
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Bitcoin is up 5.50% today against the US Dollar Bitcoin is currently trading 11.15% below our prediction on Mar 30, 2024 Bitcoin gained 36.85% in the last month and is up 153.12% since 1 year ago BTC price is expected to rise by 12.52% in…
In the latest session of CNBC’s ‘Fast Money’, Richard Bernstein’s Michael Contopoulos joined investors to analyze the Fed’s decision to keep interest rates steady. Contopoulos highlighted several factors contributing to the current economic landscape, including the recent bottoming of the Purchasing Managers Index (PMI), record-high stock market performance, significant Bitcoin liquidity, and continued increases in home prices. Despite the Fed’s current position, he suggested that if certain economic data indicate that inflation is accelerating, the agency could change its strategy and consider raising interest rates over the next 12 months. The debate highlighted the prevailing bullish trend in financial markets,…
With the anarcho-capitalist and libertarian leader Javier Milei taking power in Argentina in December 2023, many felt that his plans to rebuild the national economy and dollarize it would help Bitcoin BTC and cryptocurrencies adoption in the country. But after a few months of his government, more regulation is coming. In late March, the Comisión Nacional de Valores in Argentina announced a new mandatory Registry of Virtual Asset Service Providers for those operating with crypto assets in the country. Companies and individuals doing that activity now will be asked to comply with the registration approved on March 14 by the…
British Columbia-based Bitcoin mining firm IREN’s stock price is surging Monday ahead of the Bitcoin halving, and after the company said that it has fully funded its 2024 expansion plans that will more than double its computer fleet’s power to yield new units of the leading digital currency. In an investor update on Monday, the company confirmed that its current mining capacity of 8 exahashes per second (EH/s) would rise to 20 EH/s over the next nine months. Its data center capacity, which powers both Bitcoin mining and AI cloud services, will also more than double from 220 megawatts (200…