Bitcoin

Major crypto analysts have weighed in on the Bitcoin future trajectory, especially as the flagship crypto has maintained a tepid price action and has continued to consolidate since the halving took place. These analysts predict that Bitcoin will soon rise and climb to a six-digit all-time high (ATH).  Bitcoin To Rise To $100,000 Crypto analyst CrediBULL Crypto predicted in an X (formerly Twitter) post that Bitcoin would rise to $100,000 on its next leg up. He claimed that this upward…

The world’s largest bank, the Industrial and Commercial Bank of China (ICBC), has showered praise on Bitcoin and Ethereum, calling them “digital gold” and “digital oil,” respectively.  ICBC had high praise for Ethereum, stating that it had established itself as “digital oil” capable of powering an array of applications across the Web3 ecosystem.  Praise For Bitcoin And Ethereum  The comments were made in an in-depth analysis of the cryptocurrency ecosystem that highlighted the growing diversity and rapid evolution of cryptocurrencies.…

Inflation data has come in lower than expected and markets are surging across the board. In the crypto market, $BTC is up nearly 4% over the last couple of hours as it approaches $70,000. Better than expected inflation data There’s nothing like a better than expected inflation figure to lend impetus to a Bitcoin bounce. According to Reuters, prices rose only 3.3% in the year to the end of May, down 0.1% from April’s figure. Core inflation rose by 0.2%,…

Hong Kong banks are preparing to offer Bitcoin and Ethereum ETFs, promising a significant shift in the financial landscape. Regulatory approvals and talent acquisition are pivotal before these ETFs can be listed. As the financial landscape evolves, Hong Kong banks are gearing up to introduce Bitcoin and Ethereum ETFs to their clientele. Although mainstream brokerage firms have commenced the distribution of cryptocurrency spot ETFs, banks are pending entry. This initiative aligns with the recent CNF update where Hong Kong’s Securities…

Roadtown, British Virgin Islands, June 12th, 2024, Chainwire LIF3.com, the pioneering team behind the LIF3 omni-chain decentralized exchange (DEX) and blockchain, in conjunction with DG Labs Inc., creators of the innovative DeFi.Gold protocol, are thrilled to announce a strategic partnership. This collaboration marks a significant milestone as it aims to integrate Bitcoin digital assets including Runes, RGB, Taproot Assets, and Bitcoin itself into the LIF3 blockchain ecosystem as fully supported, native entities. This unique approach goes beyond the conventional asset-wrapping…

In his latest blog post titled “Why I’m Still Betting on Bitcoin,” financial expert and seasoned investor Bill Miller IV, CFA, CMT, Chairman and CIO of Miller Value Partners, reiterated his bullish stance on Bitcoin. According to Miller, who is the Chairman, CIO of Miller Value Partners and son of legendary investor Bill Miller III, Bitcoin remains in the early stages of a secular transition in global capital and governance perspectives. Bitcoin: It’s Still Early Miller’s analysis begins with a…

Bitcoin dipped as much as 5% on Tuesday before recovering back above the support at $67,000. Federal Reserve Chairman Jerome Powell gives his customary speech on Wednesday after the FOMC meeting. Will he be dovish and add fuel to a potential bounce, or will sticky inflation incline him to be more hawkish and thereby suppress risk assets? Powell’s speech At 2pm ET, Federal Reserve Chairman Jerome Powell will go to the lectern once more to deliver his customary speech at…

The post Donald Trump’s Bitcoin Mining Endorsement Sparks Industry Excitement appeared first on Coinpedia Fintech News Donald Trump, the leading contender for the Republican presidential nomination, has promised to support bitcoin miners, and highlighted his pro-crypto stance, which would be a deciding factor for the upcoming election. According to Bloomberg reports, the former president revealed this endorsement during a meeting on Tuesday at his Mar-a-Lago estate, in the presence of many significant BTC miners. Trump promised that he would advocate…

The post Altcoin Hell: Analysts Decipher Trends and Conclude No Altcoin Pump Is Imminent Until Bitcoin Hits $100K appeared first on Coinpedia Fintech News Are we in an Altcoin bull run or Bitcoin bull run? Analysts across the globe are currently trying to put the pieces of cryptocurrency market together and get the hang of what’s brewing beneath the surface. If we take a look at the analysis and research of some analysts, it is clear that we are not…