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Bitcoin Price Prediction as BTC Rises 5.30% to $43,000 – Can It Sustain This Growth?
20.12.2023
In the dynamic world of digital currencies, Bitcoin (BTC) has once again made headlines with a remarkable surge, surpassing the $43,000 threshold. This leap contributes to a significant uptick in the global crypto market cap, which now stands at an impressive $1.61 trillion, marking a 3.82%...
Bitcoin Price Prediction: Surge to $43,103, ETF Talks Fuel Optimism
19.12.2023
Bitcoin (BTC) witnessed a notable increase of over 5%, reaching $43,100 on Tuesday, amidst pivotal developments in the cryptocurrency landscape. The spotlight turned to the discussions of Spot Bitcoin ETFs at a meeting between the SEC and BlackRock, highlighting the growing interest in mainstream...
Adam Back States ‘You Can’t Stop JPEGs on Bitcoin,’ Proposes Block Size Increase to Host Inscriptions
18.12.2023
Adam Back, CEO of Blockstream and legendary cryptographer, has acknowledged that inscriptions, media embedded directly on top of Bitcoin, cannot be stopped, stating that any action focused on this will only prompt users to do it in “worse ways.” Instead, Back proposed adding a new blob...
Bitcoin Miners Hit Record $9.97M Earnings From Ordinals; 61% of BTC Transfers Inscription-Driven
17.12.2023
In the wake of a substantial increase in onchain transaction fees for Bitcoin, the compensation to bitcoin miners from inscription-based transfers has hit a record peak in the last 24 hours. An estimated total of $9.97 million was allocated to miners, eclipsing the former high of $7.21 million...
Bitcoin Difficulty Set for Upturn Amid Escalating Hashrate and Soaring Miner Fees
16.12.2023
After the last adjustment that resulted in a slight 0.96% reduction, the upcoming difficulty retarget on Dec. 23, 2023 is anticipated to bring about an increase, eclipsing the previous decline, as the hashrate regains its upward trajectory. The seven-day average hashrate reached a low of...
XRP Price Prediction as $1.2 Billion Trading Volume Sends XRP Down 4% – Are Whales Selling Before January?
16.12.2023
Despite a cautiously optimistic technical outlook, Ripple’s XRP has recently faced a downturn, dropping by 4% amidst a whopping $1.2 billion trading volume. As of December 16, the digital currency is trading at $0.620, marking a marginal 0.50% increase over the last 24 hours. Its significant...
Market Spotlight: The Emerging Challenger Set to Outpace Shiba Inu and PEPE in the Meme Coin Realm
15.12.2023
TLDR Shiba Inu (SHIB) network activity is on the rise due to the popularity of its Shibarium services. PEPE’s market capitalization is also on an impressive increase. NuggetRush’s (NUGX) mining adventure has generated high interest after its 30% presale growth. Demand for Shiba Inu’s (SHIB) layer-2...
Analysts Predict ‘Higher Crypto Prices in 2024,’ Regardless of Spot Bitcoin ETF Approval
14.12.2023
Matrixport’s research team has observed a significant increase in U.S. money market fund deposits, doubling since the outbreak of Covid-19. This growth, they believe, bodes well for the continued expansion of the crypto asset market. Analysts anticipate that bitcoin will maintain its upward...
Bitcoin Transaction Fees Spike Amid Rising Backlog and Relentless Ordinal Inscription Trend
14.12.2023
Bitcoin transaction fees have surged again. On Dec. 6, 2023, bitinfocharts.com reported that the average cost of a bitcoin transaction soared to $27.55. Presently, the average transaction fee hovers around $13.93, alongside a growing backlog of unconfirmed transactions, currently at 249,000 at...
Polygon (MATIC) Co-founder Jordi Baylina Has Bullish Outlook for 2024 – Everlodge (ELDG) to Disrupt $280T Market
14.12.2023
The Polygon (MAITC) crypto has seen an increase in appeal and activity as its ecosystem could see a massive surge in activity during the upcoming year, based on an official announcement by its co-founder. Everlodge (ELDG) is also capturing a significant level of attention, as it will introduce...
Bitcoin Price Prediction: FOMC Optimism & Spot ETF Buzz Lift BTC to $42,750
14.12.2023
The digital currency landscape is abuzz as Bitcoin’s price soars to $42,777, marking a significant 4% increase on Thursday. This rally is buoyed by a wave of optimism following the Federal Reserve’s latest FOMC meeting, which indicated a dovish stance on future rate hikes, and sparked...
LatAm Embraces Wider Stablecoin Adoption: Circle Report
13.12.2023
Source: Getty Images Fintech firms in Latin America are rapidly embracing digital finance solutions, fueled by an increase in crypto adoption among citizens. In a recent report, USDC issuer Circle revealed that citizens of LatAm countries received $562 billion in digital currency value between 2021...
Solana’s meme coin BONK reaches ATH, Cardano Whales are exploring this AI crypto
13.12.2023
In the ever-surprising world of cryptocurrencies, BONK, a meme coin from the Solana ecosystem, recently hit an all-time high, showcasing a remarkable increase in value in just one day. This surge is aligned with the upbeat trend in the broader crypto market, particularly in the memecoin sector....
US CPI Sees Slight Uptick in November, Fed Likely to Maintain High Rates
12.12.2023
In November, the U.S. Consumer Price Index (CPI), a principal measure of inflation, registered a modest rise of 0.1%, maintaining a consistent annual increase of 3.1%. This minor growth in prices reflects subtle economic shifts, with energy costs witnessing a marked reduction, in contrast to...
Skybridge Capital’s Crypto Investments Rise by 130%, Says Founder Anthony Scaramucci
12.12.2023
Image Source: CNBC Investment firm Skybridge Capital has reported an increase of 130% in its cryptocurrency investments courtesy of the recent surge in prices. Anthony Scaramucci, the company’s founder, shared the impressive returns in a recent interview with Bloomberg, while acknowledging...
Senator Warren’s Bipartisan Push to Combat Crypto Money Laundering Gains Momentum
12.12.2023
Source: Screenshot of video Sen. Elizabeth Warren’s YouTube page Senator Elizabeth Warren (D-Mass.) has announced an increase in support for the bipartisan Digital Asset Anti-Money Laundering Act, which aims to tackle concerns around the use of crypto in illegal activities such as money laundering...
Taiwan’s FSC Sets Up Financial Technology Bureau to Oversee Crypto: Report
12.12.2023
Source: Pixabay Taiwan’s Financial Supervisory Commission (FSC) has set up a Financial Technology Bureau to oversee cryptocurrencies to protect investors and increase regulation, according to a Taiwanese news report by United Daily News (UDN). FSC chairman Huang Tian has confirmed the Executive...
Crypto’s Gainers and Losers: BTT and BONK Spike Amidst Overall Downturn
11.12.2023
Over the past day, a considerable number of crypto assets have experienced a decline. However, looking at the seven-day performance, several of them have maintained a substantial increase. For example, bittorrent (BTT) has seen a significant surge of 188% in the last week, while bonk (BONK)...
Is It Too Late to Buy Terra? LUNA Price Sees 32% Increase in 30 Days as This Latest Meme Coin Shoots Toward $3 Million
11.12.2023
LUNA price is still in an uptrend as a new meme coin gains interest. Image by naito29, Adobe Stock. As the new week started, the cryptocurrency market entered a phase of volatility and bearish trends. Most major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), are experiencing...
Bitcoin Outshines Gold: Digital Asset Surges 166% in 2023, Dwarfing Gold’s Modest 9% Gain
9.12.2023
Gold achieved a record high of $2,117 per troy ounce on Dec. 3, 2023, yet its price per ounce has decreased by 5.33% in the previous week. Despite hitting this unprecedented peak, its year-to-date increase against the U.S. dollar is relatively modest at 9.9%. In contrast, bitcoin, the leading...