The BTC mining businesses’ holdings shrank after a record drop in the total BTC held in wallets associated with miners. In a post on the X platform, an on-chain analytics platform, Santiment confirmed the transfer of Bitcoin’s mining balance from miners’ wallets. The Bitcoin total has been reduced by 85,503 BTC in just 48 hours. Bitcoin Market Sentiment Hints at Crash Sentiment thinks we may see an invisible type of crash in the market. According to them, while mining balances have decreased due to the July halving event in April, this burst of selling indicates deeper inflows. Specifically, if one…
Author: Ali Raza
Florida may be ready to launch a Bitcoin reserve across the entire state in early 2025, as per Samuel Armes (the President of the FBBA), who came out with the news this past week. Armes delineated his idea of the project, comprising Florida’s pension fund, budget surplus, and other sources that will create a considerable cryptocurrency reserve. Florida’s Bitcoin Investment Push In a December 3 X post, Armes suggested that directing just one percent of Florida’s huge $185.7 billion pension fund to Bitcoin would lead to a $1.857 billion reserve. He further disclosed that Florida has already been involved in…
The price of Bitcoin, the world’s largest cryptocurrency, has increased to over $100,000 for the first time. This is undoubtedly a huge success for those who have invested in bitcoin. One of the reasons this happened is that investors are becoming more hopeful about the possibility of the pro-crypto policies of President-elect Donald Trump. Bitcoin’s Meteoric Rise Bitcoin on December 4, 2024, reached $103,853, thus countering its earlier price of under $70,000 on Election Day on November 5. This is a mind-blowing comeback from its low of almost $16,000 in November 2022 after the collapse of the FTX exchange. Bitcoin’s…
Bitcoin’s exchange balances have decreased in 2024, a pattern that is pulling the attention of analysts, investors, and the wider cryptocurrency community. Even though this could be a potentially harmful trend, according to some experts, this is, in fact, a sign of recovery and market development of Bitcoin. This article investigates the effects of reduced exchange balances on Bitcoin’s future, its consequences on market dynamics, and the reasons for this transformation that point to the maturation of the security class. The Decline of Bitcoin Exchange Balances Bitcoin exchange balances mean the amount of Bitcoin that is stored on the central…
After transferring 54 billion SHIB (Shiba Inu) tokens from its seized assets, the U.S. government changed its stance on meme coins and their role in the digital asset landscape, shocking the cryptocurrency community. Shiba Inu, other meme coins, and US cryptocurrency legislation have been widely speculated about after the move. This page discusses the government’s actions, SHIB’s market value, and meme currencies’ changing relationship with regulators. The U.S. Government’s Seizure of SHIB In addition to 54 billion SHIB tokens, the U.S. government seized assets from illicit businesses and criminal activity. Bitcoin and Ethereum were seized by the government from money…
Bitcoin is now on the road to $100,000 as the cryptocurrency market is undergoing metamorphosis. This price objective comes as worldwide macroeconomic conditions are shifting, particularly the Fed, the US Central Bank, and the policy of the interest rate. A 74.5% chance of a 25 basis points rate cut has added to the happiness of the crypto market, mostly driven by Bitcoin. This article takes a look at Bitcoin’s price, interest rate changes, and the future of investment in the cryptocurrency market. Bitcoin’s Resilient Growth and Market Trends The most recent crisis could not stop Bitcoin from ascending its throne…
One major factor in the cryptocurrency market is Bitcoin’s strong linkage to the US dollar. Traditionally treated as an independent asset class, the sincerely remarkable fact is that Bitcoin has now been more closely associated with the dollar’s movements in recent months, especially in relation to the economic trends and sentiments of the investors. This change has come about through a number of important factors, namely the US money supply, macroeconomic policies that are being requested by the government, and the rising institutional interest in Bitcoin. Bitcoin’s Dollar Economic Conditions Bitcoin’s value has become increasingly tied to economic variables such…
Bitcoin’s prices are anticipated to be erratic in December 2024 due to the idiosyncrasies of the cryptocurrency market. Analysts forecast a year-long bullish trend of Bitcoin to remain the same. Bitcoin may as well hit $100,000 by 2024, according to many reports. Besides institutional engagement escalation and the market’s good foot, favourable regulations could be the factors pushing the price to $103,000, according to some of the experts. More precisely, one of the factors is a drop in the interest rate. Record inflows into Bitcoin ETFs and increased investment in Bitcoin. Bitcoin, in spite of sceptical comments, is likely to…
With the rising challenges in the Crypto industry, the demand for AI trading bots is rising exponentially, as they contain many efficient features, making the entire decision-making process much easier. As the industry is growing in demand, millions of cryptos co-exist, but choosing the right crypto token, placing the trade at the right time, and hundreds of other things require constant investors’ attention. Overall, the crypto trading process is quite challenging, especially for beginners or people with busier schedules. However, Artificial intelligence has made that much easier, and crypto investors are earning millions with bots. One AI bot just turned…
In 2024, Samson Mow, CEO of Jan3 and a staunch Bitcoin maximalist, made waves with his strong predictions regarding Bitcoin’s future. One of his key remarks emphasizes the importance of purchasing Bitcoin now before the price surges to unprecedented levels. Mow has been a vocal advocate of Bitcoin, often contrasting it with other cryptocurrencies, especially Ethereum. His predictions are bold, urging investors to “sell altcoins and buy Bitcoin” as he foresees Bitcoin reaching a staggering $1 million per coin. Samson Mow, a vocal Bitcoiner and JAN3 CEO advised Wikipedia to buy BTC on his X account again. Mow sent several…