Bitcoin

Bitcoin is already seeing a drawdown which has sparked speculation that the mini-bull run has come to an end. However, over the long term, there is still a bullish case for the digital asset but how high the price will go remains anyone’s best guess. An analyst has taken to Twitter to share their own forecast, which paints one of the most bullish cases for bitcoin over time. PlanB Says Bitcoin At $1 Million Is Possible In a YouTube video, the pseudonymous analyst known as PlanB on Twitter… Source link

BTC’s worst 2022 trading day was a 16% decline on June 13, coinciding with Celsius Network’s announcement that it was pausing investor withdrawals. ETH’s worst trading day was a 17.5% decline on Nov. 9, when Binance retreated from a deal to acquire troubled crypto exchange FTX. Source link

‘The Bottom Line’ co-host Sean Duffy discusses Bitcoin and his new FOX Business show. Big investors are dipping their toes into crypto waters again after a bumper month for bitcoin. Digital asset investment products, often favored by institutional investors, saw inflows of over $117 million last week, the biggest weekly increase since last July, according to data from asset manager CoinShares. Bitcoin was far and away the biggest draw, with funds tracking it responsible for $116 million… Source link

The rally in cryptocurrency markets started in early January with a spike in heavily-shorted altcoins and Ethereum (ETH) liquid staking derivative (LSD) tokens due to the upcoming network upgrade in March. Soon gains started to show across the board as buyers started to play catch up.  The improving macroeconomic conditions, such as reduced inflation and a stable job sector in the United States, provided additional tailwinds for the positive rally. Bitcoin (BTC) is en route to its most… Source link

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Illustration: Aïda Amer/Axios The Threshold Network has announced plans for a new decentralized bitcoin bridge to Ethereum, allowing the original cryptocurrency to be used on the largest programmable blockchain. Why it matters: As holders of the oldest and most valuable cryptocurrency, many bitcoin investors want to use it to earn yield in decentralized finance (DeFi), something they can’t do on the Bitcoin blockchain. But they also want to avoid the counterparty risk of trusting a single… Source link

Strike, a Bitcoin-based payment network and financial app, is expanding to the Philippines to grow cross-border payments and remittance markets. “The Philippines is one of the biggest remitting markets in the world, especially from the United States,” Jack Mallers, CEO of Strike, said to TechCrunch. In 2021, about $12.7 billion in cash remittances was sent from U.S.-based Filipinos to the Philippines, according to Statista data. “As far as the technology we build, it’s one of… Source link

Bitcoin Well Online User Growth Online user growth over the last several months EDMONTON, Alberta, Jan. 31, 2023 (GLOBE NEWSWIRE) — Bitcoin Well Inc. (TSXV: BTCW) (“Bitcoin Well” or “Company”) is pleased to announce executive promotions alongside a company update in advance of our Q4 and Year End 2022 financials. The Company is excited to report the promotion of Allen Stephen, CPA, CA as an official member to the Board of Directors. Allen has been an integral part of our team over the… Source link

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Bitcoin (BTC) swapped bullish gains for chop into Jan. 31 as the end of the month saw nervous price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $46 million of longs liquidated Data from Cointelegraph Markets Pro and TradingView tracked a less confident BTC/USD as it briefly wicked to just above $22,500 on Bitstamp overnight. A rebound saw the pair flip $23,000 to short-term resistance, and was still trading below that level at the time of writing. The stakes remained high… Source link