Cryptocurrency exchange and trading platform Bybit recently released a report discussing the implications of the upcoming Bitcoin halving event on the supply dynamics of Bitcoin within exchanges in the crypto space. This report provides valuable insights into how the halving event could increase scarcity and significantly influence the price of BTC. Bybit disclosed that the
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A popular crypto analyst, Willy Woo, recently made a bold prediction about Bitcoin’s future price, foreseeing a surge to $650,000 fueled by the growth and demand of Spot Bitcoin ETFs. This prediction comes amidst the increasing popularity of cryptocurrency investments and the rise of ETF markets. According to Woo, Spot Bitcoin ETFs could drive the
A recent analysis conducted by Bybit, a prominent crypto exchange, has raised concerns about a potential shortage of Bitcoin on exchanges by the end of 2024. The report highlights that if the current demand for Bitcoin continues at its current pace, reserves could be completely exhausted within the next nine months, with an approximate withdrawal
Avalon, the independent Web3 gaming studio, recently made waves in the industry with its successful fundraising round of $10 million. This funding, led by Bitkraft Ventures and Hashed, aims to propel the development of Avalon’s revolutionary blockchain gaming title, Avalon. This massively multiplayer online (MMO) game promises to revolutionize the gaming landscape by empowering players
As we approach the fourth Bitcoin Halving, it is essential to consider the insights provided by market analysts and traders. One such analyst, known as Lady of Crypto, has recently shared her thoughts on the current state of the market. After a thorough analysis of the market decline and the impending Bitcoin halving scheduled for
Bitcoin, the popular cryptocurrency, has the potential to reach staggering price levels with the full implementation of exchange-traded funds (ETFs). According to Bitcoin analyst Willy Woo, the digital asset could see price targets of $91,000 at the bottom of the bear market and $650,000 at the top of the bull cycle if investors follow the
The cryptocurrency market, including Ethereum, is currently experiencing a price decline, which is further exacerbated by escalating tensions in the Middle East. This has created a sense of uncertainty among investors, leading to panic-selling among retail investors. However, amidst this turmoil, on-chain data reveals a different story. Large player whales in the market are taking
Bitrace, a prominent data analysis company, has recently taken steps to address the increasing number of cryptocurrency-related crimes in Hong Kong. As part of their Corporate Social Responsibility efforts, Bitrace conducted training sessions on on-chain fund tracking for members of the Hong Kong Police Force. This initiative aims to enhance law enforcement’s understanding of blockchain
The launch of Spot Bitcoin ETFs has brought a significant boost to the price of Bitcoin and other cryptocurrencies, ushering in institutional demand to the world’s largest crypto asset. However, recent geopolitical tensions between Iran and Israel have caused Bitcoin to plummet to $61,000, undoing weeks of price gains. This article delves into the impact
The recent reports of Iran launching missile and drone attacks on Israel have sent shockwaves through the cryptocurrency market, resulting in a significant drop in the price of Bitcoin. This drastic price movement was a direct response to the escalating tensions in the Middle East, particularly between Iran and Israel. The price of Bitcoin plummeted