2022 was a turbulent year for Bitcoin, but industry experts are optimistic about a potential resurgence in 2024. One of the key factors driving this positive sentiment is the highly anticipated Bitcoin halving event scheduled for April 2024. This event, occurring every four years, reduces the block reward for miners by half, leading to a
Impact
In a recent turn of events, Jeffrey Wilcke, co-founder of Ethereum, made a significant deposit of 4,300 ETH to a cryptocurrency exchange. This deposit, amounting to a total of 22,000 ETH valued at approximately $41.1 million, has sparked renewed interest and excitement in the market. Despite the substantial nature of this deposit, the overall trend
Elon Musk has recently been summoned to testify in a US Securities and Exchange Commission (SEC) inquiry regarding his acquisition of the social media platform Twitter, now known as X. The court filing reveals that Judge Laurel Beeler has upheld the SEC’s authority in this matter, confirming that the subpoena serves the purpose of gathering
Cryptocurrency analyst Adam Back recently made a bold prediction that Bitcoin (BTC) could potentially reach the $100,000 price mark before the upcoming halving event in April. This forecast comes at a time when Bitcoin is recovering from a rather bearish January, with the price of BTC seeing an 11.02% increase in the last week, pushing
The influx of Chinese Bitcoin miners in Ethiopia has raised eyebrows in the global cryptocurrency community. Drawn by the allure of cheap energy and favorable climates, these miners have found a new home in the African nation, particularly near the Grand Ethiopian Renaissance Dam (GERD). Following their displacement from China, due to strict regulations, these
The cryptocurrency market, particularly Bitcoin (BTC), has seen a recent surge in price, with BTC gaining by 4.04% in the last day to trade above the $48,000 mark. As investors and market experts speculate on the token’s next move, popular analyst Ali Martinez has made a major prediction that could have significant implications for many
The options market for Ethereum (ETH) is displaying an interesting pattern, particularly in the concentration of call options around the $4,000 strike price for both the June and September expiries. Traders seem to be heavily focused on the possibility of ETH reaching or surpassing $4,000 by these upcoming dates. This accumulation of call options at