Recent reports state that Arizona Governor Katie Hobbs has vetoed legislation to prevent municipalities from imposing taxes on residential Bitcoin (BTC) mining operations. The Governor stated that the measure sought to limit the authority of local stakeholders, which was unacceptable. In January, Arizona Senator Wendy Rogers introduced the bill that
MicroStrategy, an American software firm, has the highest corporate Bitcoin (BTC) holdings and is presently profiting from its cryptocurrency wager. According to an SEC filing made by MicroStrategy on April 5, the business and its subsidiaries bought roughly 1,045 Bitcoin for about $29.3 million between March 24 and April 4.
Bitcoin (BTC), also known as the queen of cryptocurrency and the leading cryptocurrency by market capitalization, has recently attracted the attention of investors in the crypto market. The reason for this recent buzz in the cryptocurrency market is that Bitcoin has managed to push its price up by over 6%
Bitcoin crossed the $30,000 mark, putting an end to its three-week-long consolidation. This largest cryptocurrency recorded its 10-month-high at $30,430, which is the new high peak after a cascade of crashes in 2022 — from Terra Luna collapse, Celsius, and FTX to the recent US bank runs. This breakout is
Since the beginning of the year, Bitcoin (BTC) has been rapidly increasing in value, attracting investors and traders in the cryptocurrency market. This follows a bumpy trend last year that caused the price of BTC to plummet to the $15K level. However, BTC bulls have recently managed to keep the
With a 70% increase this year, Bitcoin (BTC) has reached its highest price in nine months, substantially over $29,000. While the derivatives market has been revitalized by the recent upswing, total leverage use is still modest, indicating a minimal probability of “liquidations-induced” severe price movements. For almost three weeks, the
The greater a cryptocurrency’s market valuation, the more influential it is thought to be. This is why many people consider market capitalization to be the most crucial factor when deciding how to rank various cryptocurrencies. Since the beginning of the year, Bitcoin’s value has climbed by leaps and bounds, causing
Bitcoin intimidated the global macroeconomy with its recent bullish rally during the US bank runs. During the previous financial crisis and liquidity crunches, the Bitcoin price dipped to bottoms with notable declines. But the 2023 US banking crisis witnessed an initial double-digit surge in BTC. Significantly, it surged 65% year-to-date
Bitcoin (BTC) price has been on the rise recently, despite the introduction of potentially harmful legislation. This increase in value has been surprising to many in light of the negative impacts that such regulations could have on the crypto industry. Nevertheless, it appears that investors are confident in the future
Bitcoin (BTC), the largest cryptocurrency in terms of market capitalization, was recently trading at around $28,052, down slightly more than 1.5% over the past 24 hours. The price of Bitcoin seesaws and then stays in the $28,000 range and is still stuck below the significant $30,000 mark as cryptocurrency investors
