The price of bitcoin (BTC) opened the day higher just like yesterday, after a momentary drop at the beginning of the week below $90,000 (USD). The market is now trying to recover USD 98,000. At the moment, the currency has reached USD 97,600 so far this morning, its highest in eight days. This is 10% … Read more
Bitcoin (BTC) has recorded a significant rally, moving away from its key support of $90,000 to reach $97,000 in the last 24 hours. This movement occurs amid the publication of new inflation data in the United States, which was lower than expected, which is why this rebound in the price of the first digital currency … Read more
A ruling issued by the United States Supreme Court on January 14 admitted a class action lawsuit filed in 2020 by a group of investors against the Binance exchange. With this decision the Supreme Court accepts a challenge that the plaintiffs filed in March 2024, rejecting a decision made by the US Court of Appeals … Read more
The increase in bankruptcy filings in the United States worries analysts at the financial newsletter The Kobeissi. According to revealed data by Kobeissi, the 12-week moving average of bankruptcy filings is now at 17the highest level in two years. Bankruptcy applications in the United States (black line). Source: The Kobeissi Letter. This increase coincides with … Read more
Auradine is the American company behind the manufacturing of this ASIC for Bitcoin. Bitmain’s current most cost-effective ASIC offers an energy efficiency of 13 J/TH. The Teraflux AT2880 Bitcoin (BTC) mining rig achieved an energy efficiency of 16.8 J/TH (joules per terahashes) and 17 J/TH, according to a test conducted and published by Michael Carter, … Read more
If bitcoin were to have a big drop, MicroStrategy’s business would be at risk. There are analysts who explain that Saylor’s strategy is unsustainable in the long term. Few investment strategies in bitcoin (BTC) have been as talked about in recent times as that of the American company MicroStrategy. Under the leadership of Michael Saylor, … Read more
Different events that are about to take place could shake up the bitcoin (BTC) and cryptocurrency market, both downwards and upwards. “In the short term, cryptocurrency markets are primarily focused on two catalysts,” notes exchange Coinbase in a new report. These are Donald Trump’s US presidential inauguration in a week and the ongoing FTX compensation … Read more
According to Hill, agencies must describe what activities are permitted and how to carry them out. The Republican believes that long commitments with regulators slow down innovation. Travis Hill, current vice president of the Federal Deposit Insurance Corporation (FDIC), has recently expressed his support for cryptocurrencies. In a speech, Hill urged the agency to take … Read more
The big current question in the bitcoin (BTC) market is how it will continue after the presidential inauguration of Donald Trump in the United States. Is a price rise coming for bitcoin after this event scheduled for January 20, 2025? Will there be strong profit taking that drags the digital currency down? What should be … Read more
Purchases on exchanges offset money outflows from ETFs. Generally, a negative capital flow for ETFs implies a drop in the price of bitcoin. Yesterday, January 13, bitcoin (BTC) exchange-traded funds (ETFs) in the United States recorded money outflows of more than $284 million and have accumulated three consecutive days in the red. According to data … Read more