In 2030, according to Twitter co-founder Jack Dorsey, the price of Bitcoin might hit $1 million, and it could continue to rise in value beyond that. Dorsey gave an optimistic prediction about Bitcoin’s long-term price trajectory and explained his sudden exit from the board of BlueSky, a decentralized Twitter alternative
Bitcoin has been navigating choppy waters, trading at approximately $62.8K with a recent uptick of 2.06%. And, the trading volume has seen a modest increase of 0.99%, currently standing at $25 billion. Moreover, Bitcoin has experienced a downturn of 9.45% in the past month, marking a challenging period for investors.
In the midst of the cryptocurrency market’s rollercoaster ride, Bitcoin has recently experienced a significant downturn, sparking concerns among investors and traders alike. The abrupt descent below the crucial $60,000 threshold has prompted widespread anxiety, fueled by fears of a potential end to the prevailing bull run. As traders grapple
According to data collected by BTC.com, the difficulty of mining Bitcoin (BTC) has recently dropped significantly. The hash rate fell 5.63 percent to 83.15 trillion as a result of this latest update. At a block height of 842,688, the modification was made, and the average hash rate was 646.96 EH/s.
The rebound in the cryptocurrency markets in the first quarter of 2024 drove a dramatic increase in revenue for Digital Currency Group (DCG). The crypto behemoth reportedly informed shareholders in a letter that revenue increased 51% year-over-year to $229 million. Despite $17.4 billion flowing out of its Bitcoin fund since
Avalon A15 series, with the A1566 serving as the flagship model, was recently revealed by Canaan, a well-known producer of bitcoin mining equipment. With statistics including an exceptional energy efficiency ratio of 18.5J/T, computational power of 185T, and a power usage of 3420W, the Avalon A15 series represents a major
The $570 billion insurance behemoth MassMutual has taken a daring step into the world of digital assets, mirroring the increasing public acceptance of cryptocurrencies. It has recently come to light that MassMutual’s 13F filings reveal the company’s exposure to Bitcoin ETFs. This strategic decision shows that conventional financial institutions are
The onset of 2024 brought with it the hype of an impending bull run, embracing a diverse range of participants including new explorers, established institutions, and investors. Events starting from the debut of spot Bitcoin ETFs in the US, BTC’s new ATH at $73K, Ethereum’s Dencun, memecoin frenzy, and Bitcoin
Net outflows resumed on Tuesday, May 7, ending the Bitcoin ETF trend that had been going on for two consecutive days. Grayscale Bitcoin ETF GBTC saw a net outflow of $28.6 billion, while all US Bitcoin ETFs experienced a net outflow of $15.7 million, according to statistics from Farside Investors.
Bitcoin bulls encountered rejection at the key resistance level of $64.5K, subsequently retreating to $62K. Within the past 24-hour trading window, the price of BTC dropped by 2.3%, hitting a low of $62,111. Due to this decline, the global crypto market witnessed a 1.3% drop in market capitalization. Meanwhile, the
