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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...

Marathon Digital will pay $179 million to acquire two Bitcoin mining sites with 390 megawatts of capacity from Generate Capital. MARA stock surged by 9% after the news, bringing year-to-date gains to over 530%. Bitcoin was trading above $42k, up 2.2% in the past week after paring recent gains. Bitcoin mining firm Marathon Digital is set to add to its mining capacity and reduce the cost of mining BTC when it completes the purchase of two Bitcoin mining sites for $179 million. Marathon will buy the two mining sites from subsidiaries of Generate Capital at a cost of $458,000 per megawatt, with this paid for in cash, the company said in a press release. In total, the deal will see Marathon add 390 megawatts to its mining capacity. Marathon to reduce cost of mining BTC According to Marathon, the transaction will be its “first fully owned sites ”, adding to the 3% of 584 megawatts it directly controls in its portfolio. The deal should see Marathon...

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...

Since the last week of June, Bitcoin has been oscillating around $30,000-$31,000. This comes on the back of the 60% incline registered by the asset from its March lows. Despite being in its consolidation mode, Bitcoin is currently trading within the ‘bullish’ band [golden] on the Mayer Multiple charts. BTC/USDT by TradingView The Mayer Multiple typically gauges the valuation of Bitcoin and divides it by the 200-Moving Average. Comparing the average long-term price of BTC with its current price helps investors evaluate the under or over-valuation of the asset. As depicted in the chart below, Bitcoin’s price has tested the oversold region [fluorescent green] 3 times in the past since 2012. The price has bounced back on every occasion to the bullish extension [maroon] or overbought bands [red] and registered a long-term recovery. That being said, there have been prolonged periods of sideways movement, but a higher target has always been attained post-oversold region touchd...

Over the the past 602 days, Bitcoin investors have bought more than a million coins. As a result of their action, the long term holder supply is on the verge of hitting an all time high. As pointed out by Glassnode, the aggregate supply held by such participants currently stands around 14.47 million. That figure is merely 20,000 BTC less than the peak of 14.49 million. #Bitcoin Long-Term Holders have remained in a regime of gradual accumulation, amassing a total of +1.01M BTC over the last 602 days. This has culminated in a Long-Term Holder supply of 14.47M, just -20K BTC shy of the ATH value of 14.49M. pic.twitter.com/JHbxWIjLhn — glassnode (@glassnode) July 3, 2023 Also Read: Ethereum OI Rises to $6 Billion: $2200 Next Target for ETH? At this juncture, it is interesting to note that today marked the 600th day since Bitcoin attained its all time high on the price front. To rewind a bit, the asset rose all the way up to $69,000 on Nov. 10, 2021. Currently trading...

In the daily time frame chart, the Bitcoin price showed a sharp reversal from local support of $27000. This sudden change in market sentiment could be associated with the news spread of the First Republic Bank collapse as it faced massive outflow. Amid the US bank crisis in March 2023, the Bitcoin price witnessed a significant rally suggesting its hedge power against the falling banking sector. Can this fresh recovery regain the $30000 mark? advertisement Key Points: The Bitcoin price reversal from the 23.6% FIB indicates a higher possibility for uptrend continuation. A bullish breakout from $291510 encourages BTC price to a 6% jump The intraday trading volume in Bitcoin is $21 Billion, indicating a 37% gain. Source-Tradingview On April 24th the Bitcoin price rebounded from a combined support of $27000 and a 23.6% Fibonacci retracement level. The bullish rally driven by the possibility of First Republic Bank collapse surged the co...

A series of bearish news interrupted the cryptocurrency industry’s solid uptrend. Bitcoin, the world’s largest cryptocurrency , has been increasingly impacted over the past week. After experiencing a strong surge in 2023, the king coin suffered a severe blow and dropped below $20,000. It should be noted that the asset has not fallen to this level since mid-January. BREAKING: #Bitcoin falls under $20,000. — Watcher.Guru (@WatcherGuru) March 10, 2023 At press time, the asset was trading for a low of $19,897 with an 8.53% daily drop. Earlier today, Bitcoin was priced at a high of $21,796. The downfall of BTC was further attributed to an array of factors. Fear around interest rates has had a significant impact on their price. In addition, the collapse of Silvergate Bank created quite a ruckus in the market. JPMORGAN: The $SI collapse is “another setback for the # crypto ecosystem .. Replacing this instantaneous network for processing dollar depos...

Bitcoin reclaimed the $23,000 mark on Feb. 1, 2023. Now, in the wake of the upcoming FOMC meeting on Monday, Wall Street remains in an upbeat mood ahead of the development. If Dow Jones resumes its upward streak ahead of the meet, the ripple effect could spell good news for the cryptocurrency markets as well. Also Read: Ripple: AI Predicts XRP Price for Feb 28, 2023 Tomorrow at 2:30 p.m. ET: Chair Powell hosts live #FOMC press conference: https://t.co/1uJrua5Yif pic.twitter.com/99opJIslvV — Federal Reserve (@federalreserve) January 31, 2023 Could Bitcoin Reach $30,000 in February 2023? Source: News.btc / Nexo The outcome of the Federal Reserve meeting on Monday could dictate Bitcoin’s direction in the indices. Mark Gibson, an associate professor of economics at Washington State University told Yahoo that the markets could rally if the Feds raise interest rates by 25 BPS. “We have seen some progress in terms of inflation coming down. So the thinking is ...

Inflation in the U.S. is cooling down as Thursday’s CPI report shows a drop to 6.5% in December from 7.1% in November 2022. The Feds’ hawkish interest rate hikes seem to be working but remain a long way to reach the normal rate of 2%. According to reports, the Federal Reserve could hike interest rates yet again in 2023 to tame the inflation numbers. The crypto markets reacted positively to the CPI data as leading tokens are on the greener side of the spectrum. In this article, we will highlight the top 3 crypto s to watch out for after the latest CPI data. Also Read: Bitcoin Sees its Longest Rally Since 2020 as Inflation Numbers Decrease BREAKING: 🇺🇸 US inflation falls to 6.5%. — Watcher.Guru (@WatcherGuru) January 12, 2023 1. Bitcoin (BTC) Source: Twitter Bitcoin jumped from $17,912 to $18,989 in less than 24 hours after the CPI data was released. BTC is looking to breach $19,000 and could climb above $20,000 if the markets continue to...