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According to renowned crypto trader and analyst PlanB, Bitcoin (BTC) could hit $55,000 before its halving cycle in April 2024. BTC’s halving event will slash rewards for miners by half. Many consider BTC’s halving a bullish event as it reduces the asset’s supply. Also Read: Apple Removes Binance, KuCoin, OKX From Indian App Store Moreover, the analyst predicts that BTC’s price will continue to rally in the months following the halving. PlanB expects BTC to rise to around $60,000 in the next four months. The growth would translate to a rise of about 30% from current levels. Bitcoin (BTC) to hit a new all-time high in 2024? By the end of this year, PlanB anticipates BTC’s price to rise to around $100,000, a growth of over 100% from current levels. Furthermore, PlanB paints a bullish picture for Bitcoin (BTC) in 2025. According to the analyst, the original cryptocurrency could surge to $532K by next year. Reaching $532,000 would mean a growth...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. As someone who has observed the crypto revolution unfold from the industry’s front seat, I find it hard not to be awestruck by the magnitude of this burgeoning domain. Digital assets and blockchain technology not only surpassed a $3 trillion market cap, but experts also predicted that they would keep on growing at a higher rate. Undoubtedly, the crypto market has transformed from an obscure curiosity into a global economic powerhouse, shaping brand-new frontiers in finance. You might also like: Will Bitcoin price make a new all-time high in 2023? Prediction and analysis As most of us marvel at the growth, a recent issue has threatened to undermine the security of billions of dollars in crypto assets: outdated, cold wallets. As experts and enthusiasts, we’re more than familiar with these convenient little devices. Designe...

Swiss asset manager Pando Asset seeks SEC approval for a spot Bitcoin ETF, a step towards integrating crypto into mainstream finance. Swiss asset manager Pando Asset has filed for approval of a spot Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC). The proposed Pando Asset Spot Bitcoin Trust, if approved, would be listed on the Cboe BZX Exchange, leveraging Coinbase as its custodian. The trust plans to use the CME’s CF Bitcoin Reference Rate for Bitcoin (BTC) pricing. JUST IN: Pando Asset AG officially files for spot #Bitcoin ETF with the SEC. pic.twitter.com/uq9z10c4Xn — Bitcoin Magazine (@BitcoinMagazine) November 29, 2023 Pando’s move aligns with its current offerings in Europe, where it provides exchange-traded products tracking major cryptocurrencies on the SIX Swiss Exchange. This expansion suggests a strategic move to cater to a broader range of investors globally, especially in the cryptocurrency market. However, the SEC has historically ...

Canaan reports significant mining loss in Q3 2023 but reflects a resilient year-on-year performance. Bitcoin mining solution provider Canaan has reported a total revenue of $33.3 million and a net loss of $80.1 million for Q3 2023. The revenue , primarily from the sale of 3.8 million Thash per second of computing power, represents a year-over-year increase of 8.6% despite a decrease from previous quarters. .@canaanio Reports 48% Decline in Q3 #Bitcoin Miner Sales$CAN #BitcoinMining https://t.co/GSmM25fn0D — TheMinerMag (@TheMinerMag_) November 28, 2023 You might also like: Bitcoin advocates cite BTC mining as key tool for clean energy and grid balance A significant development in the quarter was the launch and pre-sales of the new A14 product series, characterized by high computing power and energy efficiency. This release has been well received, indicating growing customer interest. However, the company faced increased pricing competition. Canaan also obtained ...

Bitcoin is in its "pre-bull market" phase and the days of BTC price trading at current levels are numbered, the Stock-to-Flow creator says. Bitcoin (BTC) buyers should “enjoy” the chance to add to their stack below $40,000, says one of crypto’s household names. In a post on X (formerly Twitter) on Nov. 24, PlanB, creator of the Stock-to-Flow family of BTC price models, hinted that current levels would not be around long. PlanB: Time is ticking on $40,000 resistance Bitcoin is destined to go much higher than its recent 18-month highs, PlanB believes, and time is ticking to increase BTC exposure below $40,000. Known for his optimistic takes on long-term BTC price growth, PlanB this time used realized price data to support the case for bulls. Realized price is Bitcoin’s realized cap — the sum total price at which all BTC last moved — divided by the current supply. It is currently at just below $21,000. Bitcoin bear market bottoms are characterized by spot price dipping bel...

In a recent conversation with Bloomberg, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce emphasized that there’s “no reason for [the SEC] to stand in the way of a spot Bitcoin ETF.” Peirce also remained tight-lipped regarding the potential approval of a spot bitcoin exchange-traded fund (ETF). JUST IN: 🇺🇸 SEC Commissioner says "there's no reason for us to stand in the way of a Spot #Bitcoin ETF." pic.twitter.com/QARwdFRXUk — Watcher.Guru (@WatcherGuru) November 22, 2023 When asked about reported ongoing conversations between ETF issuers and SEC staff regarding spot bitcoin ETF applications, Commissioner Peirce responded, “No, again, I really can’t comment on that.” SEC’s Peirce notes that each Spot Bitcoin ETF application must be judged on its own merits Peirce noted that each application must be judged on its own merits, but said she didn’t see reasons for denying som...

Bitcoin remains prone to volatility, while further downside offers the "path of least resistance" for BTC price next, analysis warns. Bitcoin (BTC) saw a classic pullback after the Nov. 16 Wall Street open as deja vu BTC price action continued. BTC/USD 1-hour chart. Source: TradingView Analysis: Door open to deeper BTC price correction Data from Cointelegraph Markets Pro and TradingView followed Bitcoin as it descended to $36,470 — down over $1,000 on the day. The landscape closely followed events from earlier in the week, where bulls failed to flip new highs to support and endured long liquidations. These were less present on the day, with around $21 million of BTC longs wiped out at the time of writing, per data from monitoring resource CoinGlass. On Nov. 14, the tally reached $120 million. BTC liquidations (screenshot). Source: CoinGlass Commenting on the status quo, market participants noted the repetitive nature of BTC price action, which left the possibility for both...

Hackers are said to have gained access to such private data as SSNs, emails, and phone numbers for more than 300,000 customers of Coin Cloud. An unknown cybercriminal (or a group of hackers) has reportedly gained unauthorized access to personal data for over 300,000 customers of the now-defunct Bitcoin (BTC) ATM provider Coin Cloud. An unknown Threat Actor(s) claim to have compromised Coin Cloud. They allege to have exfiltrated 70,000 customer selfies (via ATM cameras), and 300,000 customers PII which includes Social Security Number, Date of Birth, First Name, Last Name, e-mail address, Telephone Number,… pic.twitter.com/TJ7RUK18Yq — vx-underground (@vxunderground) November 12, 2023 In an X post on Nov. 12, researchers for the malware repository vx-underground said the hackers have allegedly exfiltrated 70,000 customer selfies, which were made with Bitcoin ATM cameras for KYC verification. You might also like: Are Bitcoin (BTC) ATMs a menace? In addition, the cyber...

If history repeats itself, Bitcoin will easily be able to deliver a six-figure BTC Price next cycle, the on-chain indicator says. Bitcoin (BTC) may next be a “sell” at at least $110,000 as its new bull cycle plays out, a classic on-chain indicator suggests. Data from on-chain analytics platform Look Into Bitcoin shows Bitcoin’s Terminal Price hinting at a possible six-figure BTC price top. BTC price to six figures next cycle? As BTC price action circles its highest levels in 18 months, forecasters are already considering how high it could go in the coming months and even years. After the next block subsidy halving in April 2024, targets include $130,000, with late 2025 a popular deadline for the next cycle top. Analyzing Terminal Price, Look Into Bitcoin creator Philip Swift described its value as a “simple” method of estimating long-term BTC price peaks. Terminal Price is calculated from Bitcoin’s so-called Transferred Price — a value derived by dividing Coin Days Destroyed (CDD) by ...

The Badger DAO utility token , BADGER, has skyrocketed in value thanks to cryptocurrency exchange Binance. Badger DAO (BADGER) is a decentralized autonomous organization (DAO) with a single purpose: to create the products and infrastructure needed to accelerate the use of Bitcoin (BTC) as collateral for other blockchains. In 24 hours, BADGER saw an impressive 20.18% increase, rising from $2.8 to $4.61 in the price range. At its peak, the token price reached $5.53. This price increase indicates positive market sentiment following Binance’s announcement. BADGER price | Source: CoinMarketCap The coin’s sharp rise came after Binance announced on Nov. 9 that it would launch the USDS-M BADGER Perpetual Contract. The listing, scheduled for Nov. 9th at 12:30 pm (UTC), has increased interest in BADGER. Traders are now getting to grips with this new trading product and can use maximum leverage of 50x. The cryptocurrency market as a whole is experiencing a new wave of rall...

Leading cryptocurrency Bitcoin is hovering around the $35,000 mark on Thursday. BTC spiked nearly 25% in the last 14 days and is attracting bullish sentiments in the indices. Global asset management firm Alliance Bernstein predicts that Bitcoin is gearing up for a phenomenal bull run. According to the prediction, BTC could spike by another 330% from its current price and reach a new all-time high of $150,000 next. Also Read: Ripple: XRP Forecasted To Rise 35% In the First Week of November Bitcoin To Reach $150,000: Here’s When Source: Pintrest Bernstein’s senior financial analyst Gautam Chhugani explained that the U.S. Securities and Exchange Commission (SEC) approving Spot Bitcoin ETF could open a floodgate of investments into BTC. It is expected that the SEC might approve Spot Bitcoin ETF during the first half of 2024 next year. Also Read: Shiba Inu: $500 in SHIB Becomes $3.8 Million in November 2023 Analytical firm Glassnode projects that $15 trillion could e...

The crypto market has declined over the past month, with many coin veterans such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) suffering huge drops in value. But no currency in crypto has seen a deterioration like Terra (LUNA). It went from being one of the top ten most valuable cryptocurrencies to now being ranked #2785 on CoinMarketCap . Unfortunately, the crypto crash did not end in May and has suddenly occurred yet again. According to reliable sources, Bitcoin has crashed more than 10%, falling below $25,000 for the first time since December 2020.  Despite this, upcoming crypto tokens such as Mushe (XMU) could be a viable alternative for investors who are looking for safer options. This article will explore how Mushe (XUM) could help the crypto market recover, whilst reviewing if Bitcoin (BTC ) can maintain its dominance in the market. Mushe (XMU) - The new DeFi token  Mushe (XMU) is an upcoming decentralised finance (DeFi) token that aims to facilitate gov...

Bitcoin’s open interest has surged, signaling market resilience despite a lack of consolidation above $30,000, but what does this mean for crypto investors? Bitcoin (BTC) open interest has been ascending for months, suggesting the market’s resilience even though the largest cryptocurrency by market capitalization hasn’t consolidated above the psychological level of $30,000. At the beginning of August 2023, Coinalyze data showed that the Bitcoin open interest figure returned to break above $10 billion, maintaining close to the highest level since the beginning of May 2022. The figure updated the year-to-date high on Aug. 9. Open interest is a metric that reflects the volume of unsettled futures, potentially indicating the confidence of the market to leave positions open. This is an important gauge, given that a good chunk of Bitcoin trading occurs on futures trading platforms, such as those offered by Binance, Bybit, OKX and the Chicago Mercantile Exchange (CME). Futures contracts enab...

Challenging a recent claim that tracking Bitcoin against fiat currencies is futile, this article uncovers the indispensable link between them. Understanding and interpreting the market dynamics is essential in a rapidly evolving cryptocurrency landscape.  Recently, a claim was made on LinkedIn, challenging the practice of tracking Bitcoin’s (BTC) price concerning fiat currencies like the USD.  LinkedIn post by Keir Finlow-Bates | Source: LinkedIn Keir Finlow-Bates, an advisor at Resonance Security, argues that media news reports are ineffective for measuring Bitcoin’s market highs and lows, suggesting a departure from traditional financial benchmarks. This article seeks to systematically counter the claim and explain why tracking Bitcoin with fiat currencies is logical and indispensable. Tracking Bitcoin prices in fiat currencies Finlow-Bates posits that tracking Bitcoin prices against fiat currencies using media news reports is unproductive and illogical.  This st...

Since stating just a few months ago that, if it found itself in financial difficulty, it would sell its bitcoin before offloading more shares, Michael Saylor ’s MicroStrategy has sold somewhere in the region of $339 million in shares and plans to sell up to $750 million more in the coming months, likely to buy bitcoin . Saylor made the promise in an interview with George Gammon at the end of last year, citing the responsibility it had to protect its investors. According to its Q1 earnings report, MicroStrategy was running short on cash with revenues dwindling. However, it claimed to have enough funds to survive for the next 12 months with $94 million in its war chest, $2.1 billion in debt, and 140,000 bitcoin. MicroStrategy hints at bitcoin bag dump while offloading shares Read more: Saylor bets the bitcoin bottom as MicroStrategy shorts subside At press time, the company now has 152,800 bitcoins acquired for a total of $4.53 billion , or $29,672 per bitcoin. These coins are ...

Attorney Deaton has called on crypto community members to re-evaluate Sygnum Bank’s recommendation about investing in Bitcoin, Ethereum, and XRP. Crypto-Law.US founder Attorney John Deaton has called on the crypto community to re-evaluate Sygnum Bank’s recommendation about investing in Bitcoin (BTC), Ethereum (ETH), and XRP. In a February 2021 tweet, Attorney Deaton noted that Sygnum Bank’s Head of Management urged the public to increase their exposure to “tokens of the future.” According to Deaton, the bank listed the top three assets at the time- BTC, ETH, and XRP – as the tokens of the future. He noted that the Sygnum Bank exec described Bitcoin as the future asset for the store of value and wealth. Additionally, the bank classified Ethereum as the future asset for “infrastructure play.” Lastly, Sygnum described XRP as the technology of the future for payments. Two years after his tweet, Attorney Deaton asked crypto enthusiasts to state whether the bank was right ...

The next Bitcoin halving is scheduled for early Q2 2024. This event will reduce miner rewards by 50%, from 6.25 BTC to 3.125 BTC, a supply shock that makes the coin scarcer. Even though historical price performance tends to support prices, one observer thinks that in the months after this event, Bitcoin prices will remain muted. As price action data shows, past halving s have significantly impacted the price of Bitcoin. A 9,100% surge followed the first halving in 2012. The second halving in 2016 pumped prices by 285% in the following months. In the third halving in 2020, Bitcoin prices rallied 550% in the following months, peaking at a record $69,000 in November 2021. You might also like: Bitcoin holds steady above $30,000 as selling pressure intensifies Despite this trend, the analyst on Reddit is casting doubts on the halving impact and thinks Bitcoin won’t rally as the market believes. In his assessment, he argues that the Bitcoin market is now more mature, b...