Market analysts have expressed concern over Bitcoin's struggles to keep its price above $69,000. Notably, the cryptocurrency reached price levels above $71,000 in the last 24 hours but quickly fell back to $69,000 within a few hours. The $69,000 point has been pegged as an important threshold for which Bitcoin’s ...
Bitcoin is poised for a potential rally to new all-time highs if it can decisively surpass the crucial $67,500 resistance level, according to a May 20 report by Markus Thielen, head of research at 10x Research. Thielen emphasized, “A breakthrough above $67,500 could potentially lead to new all-time highs, a ...
Bitcoin blockchain bridge XLink is set to resume operations after a $10 million security breach forced it to shut down. In a recent announcement, the project's team urged users to check that their wallets have revoked access to the old compromised endpoint contracts. They noted that this step would help ...
Popular commentator BitQuant has predicted that Bitcoin's price could surge to as high as $95,000 "in just one move." According to BitQuant, Bitcoin's ascent to that price level is inevitable; the only uncertainty is how long it will take to reach those heights. However, despite the positive outlook, BitQuant warns ...
The appointment of Salim Ramji as the new CEO of Vanguard, a major U.S. asset management company, has triggered speculation about potential shifts in the firm's stance towards Bitcoin. Earlier this year, Vanguard's decision not to offer spot Bitcoin ETFs on its brokerage platform drew criticism from some long-time customers. ...
Multiple market analysts and stakeholders have suggested that Bitcoin might now be entering a re-accumulation phase after its recent price correction, all of them citing historical patterns. Global Macro Investor founder Raoul Pal highlighted that the "Macro Summer and Fall" is driven by the global liquidity cycle, which has been ...
El Salvador has recently unveiled its proof-of-reserves platform, a website that allows for real-time monitoring of the nation's Bitcoin holdings through on-chain data. The website is hosted at bitcoin.gob.sv, and it offers tools to obtain insights into the country's cryptocurrency reserves. The South American country currently holds about 5,748 BTC, ...
Metaplanet, a publicly traded investment firm based in Tokyo, has recently announced a strategic shift in its treasury management strategy, opting for a Bitcoin-first and Bitcoin-only approach. “This move is a direct response to sustained economic pressures in Japan, notably high government debt levels, prolonged periods of negative real interest ...
Twitter co-founder Jack Dorsey has made a bold prediction about Bitcoin, suggesting that the cryptocurrency could reach a price of at least $1 million by 2030. In an interview with journalist Mike Solana on Pirate Wires, Dorsey expressed his bullish outlook for Bitcoin's long-term price trajectory, stating, "I believe Bitcoin's ...
Bitcoin traders are optimistic about a potential reversal in the recent downtrend, pointing to a bullish candle hammer formation on Bitcoin's weekly price chart. The founders of renowned market intelligence firm Glassnode, Jan Happel and Yana Allemann, also known as "Negentropic," have expressed their bullish sentiment, stating, "Bitcoin still looks ...
