Bitcoin

Bitcoin (BTC) millionaires are becoming an increasingly rare breed as numbers fall 80% in a year. According to the latest data from on-chain analytics firm Glassnode, there are now just 23,000 wallets with a BTC balance worth $1 million or more. 1 year, 90,000 fewer million-dollar BTC wallets In yet another indication of how far the crypto market has fallen since Bitcoin’s last all-time highs, Bitcoin millionaires have been seriously feeling the pinch. Glassnode, which tracks multiple cohorts… Source link

Bitcoin (BTC) has been trading in a tight range since Thanksgiving Nov. 24, as traders are uncertain about the next directional move. Usually, in a bear market, analysts tend to become uber-bearish and project targets that tend to scare away investors. The failure of Bitcoin to start a strong recovery has given rise to several bearish targets, which extend up to $6,000 on the downside. Although anything is possible in a bear market, traders who have a long-term view could try to accumulate… Source link

It’s a simple question. Every Bitcoin (BTC -0.10%) investor must have given it at least a passing thought. Can this newfangled digital currency make me enough money to let me clock out for early retirement? Unfortunately, I can’t share a simple yes-or-no answer with you. In reality, the correct answer in your specific situation must lie somewhere between “I don’t know” and “it depends.” However, we can take a look at some of the most important factors that can lead to a more concrete… Source link

Advertisement &nbsp &nbsp Davinci Jeremie, an early crypto adopter and host of the davincij15 YouTube channel, predicts that Bitcoin’s price will grow by ten times in the next bull run but warns it could plunge further before then. “I think we will finally see $100,000…I think we’ll do at least 10x from the bottom,” said Davinci at a November 25 interview with Kitco news. Asked by Kitco’s David Lin if his forecasts then meant that Bitcoin would… Source link

The revenue earned by Bitcoin (BTC) miners fell to two-year lows owing to poor market performance and a heavier computational demand amid rising network difficulty. However, an ongoing downturn in the Bitcoin hash rate over the past month has allowed miners to recoup losses. The total Bitcoin mining revenue — block rewards and transaction fees — in United States dollars fell down to $11.67 million, a number last seen on Nov. 2, 2020, when Bitcoin’s trading price was around $13,500. While… Source link

Bitcoin and the cryptocurrency industry in general are still coping with the pain brought about by the demise of the crypto trading platform FTX. Despite this, Robert Kiyosaki, author of the best-selling Rich Dad, Poor Dad, remains optimistic about the long-term viability of Bitcoin and Ethereum. Kiyosaki pointed out that the two largest cryptocurrencies by market capitalization cannot be held responsible for the conduct of former FTX CEO Sam Bankman-Fried. BTC struck a two-year low last… Source link

The FTX collapse has revived the narrative that “Bitcoin maximalists were right all along.” Given the size of the troubled exchange and the number of entities caught up in its web, the FTX scandal has dominated headlines of late. Worse still, each passing day seemingly brings further twists that point to serious failings within the company and among the regulatory bodies which were supposed to prevent such scandals from happening in the first place. In particular, questions hang over Sam… Source link

Bitcoin (BTC) has spent over a year in a downtrend since its $69,000 all-time highs in November 2021. BTC price performance has given investors up to 77% losses, but how much lower can BTC/USD really go? Bitcoin traders and analysts have long agreed that 2022 is the year of the largest cryptocurrency’s newest bear market. After coming off all-time highs to start the year at around $46,000, BTC/USD has offered little relief and has since returned to levels not seen since November 2020, data… Source link

Bitcoin (BTC) still risks a drop to below $7,000 in this bear market, the latest worst-case scenario prediction warns. In its latest livestream broadcasted on Nov. 24, trading platform DecenTrader revealed targets for a BTC price bottom. Analyst flags “oldschool, rock-hard support” for Bitc The most recent in a series of BTC/USD forecasts, Decentrader co-founder Filbfilb mapped out a potential sub-$10,000 dip on the cards for the pair. “In my worst case scenario, I think that would be… Source link

In the recent crypto crash, a lot of great coins crashed and lost value. Bitcoin was one of the coins that were massively affected by this crash. From having a value above 20K to falling down to the bare minimum, Bitcoin’s price fall news took the market by surprise. This article discusses Bitcoin’s price prediction to predict whether BTC can pump to 20K again or not. Additionally, we also talk about excellent BTC alternatives like D2T , TARO , IMPT, & RIA , which have… Source link