Bitcoin, according to crypto billionaire Mike Novogratz, will experience major increases by this year-end. In a recent interview with Bloomberg, Novogratz predicted that Bitcoin’s current consolidation period, between $28,000 and $32,000, will be followed by a significant increase. According to him, this upsurge might happen if the authorities in the
After the last difficulty adjustment on July 12, Bitcoin mining achieved an all-time high of 53.91 trillion units. It’s a way to rank the difficulty of mining Bitcoin. Every two weeks, the blockchain adjusts the difficulty to keep the average transaction time at 10 minutes. As the processing power of
In an effort to boost market transparency, the Financial Services Commission (FSC) of South Korea has mandated that beginning in 2024, crypto firms that issue or possess cryptocurrencies include particular crypto disclosures in their financial statements. The new law mandates that cryptocurrency enterprises disclose their coin’s revenues, volume, and market
According to the U.S. Bureau of Labor Statistics, inflation measured by the annual change in the Consumer Price Index (CPI) was 3% in June, beating market estimates of 3.1%. In addition, Core CPI inflation falls to 4.8% from 5.3% in May, the lowest level seen since November 2021. This allows
Bitcoin (BTC), the largest cryptocurrency’s consolidation at the $30,000 mark, has brought a strong pattern. According to the data from Glassnode, approximately 75% of the total Bitcoin supply is held in profit, while the remaining 25% is held in loss. Remarkably, this balance mirrors the equilibrium point observed during previous
In the world of the crypto market, the Bitcoin Exchange Traded Fund (ETF) has caught the attention of the crypto community. Recently, the former chairman of the U.S. Securities and Exchange Commission (SEC) stated that the Bitcoin ETF should be approved. While these things are going around, Cboe, the global
Robert Kiyosaki, author of the best-selling financial book “Rich Dad Poor Dad,” claims that Bitcoin will soon be worth $120,000. These estimates are in line with those made by Standard Chartered Bank, which predicts that Bitcoin will reach $50,000 this year and $120,000 by the end of 2024. Meanwhile, the
Jay Clayton, former Chairman of the U.S. Securities and Exchange Commission, shared his thoughts on the major traditional financial institutions’ Bitcoin ETF requests. He stated that the spot Bitcoin ETF should be approved. Moreover, he mentioned the crypto market’s significant growth and benefits from the Bitcoin ETF. JUST IN –
The U.S. June Consumer Price Index (CPI) will be released on Wednesday, and the PPI will be released the following day, bringing attention back to inflation statistics after a week of major employment announcements. In the event of a drop, investors may hope that the Federal Reserve would reconsider its
The Financial Conduct Authority (FCA), Britain’s financial watchdog, “disrupted” 26 of the 34 cryptocurrency ATMs it visited and investigated since the beginning of 2023. The Financial Conduct Authority (FCA) issued a stern warning to the United Kingdom’s crypto ATM operators on February 14: either comply with legislation or shut down
