Bitcoin

This week, the Bitcoin mining industry achieved significant milestones with critical political support. A prominent US senator joined the sector, and Oklahoma passed key legislation favoring its growth. The convergence of these events marks an important step for the industry, reflecting increasing mainstream acceptance. Bitcoin Mining Gains More Political Backing On May 31, Senator Ted Cruz announced the acquisition and operational start of three Bitcoin miners in Iraan, Texas. Marathon Digital CEO Fred Thiel praised Cruz’s initiative, welcoming him to…

The post Bitcoin, Ethereum, And XRP Price Prediction: Will Market Rally Toward A New High In June? appeared first on Coinpedia Fintech News The cryptocurrency market is on the verge of concluding the week on a consolidated trend with top tokens recording a neutral trend in their respective portfolios. This indicates a cool-off in the buying and selling pressure in the crypto space. Moreover, top crypto tokens such as BTC, ETH, and XRP price recorded a variation of less than…

The post Bitcoin Price About to EXPLODE? Analyst Predicts EPIC 178% Surge! appeared first on Coinpedia Fintech News After a few days of sluggish and sideways trading, Bitcoin took a sudden dip, briefly dipping below $66,600 for the week. But don’t hit the panic button just yet! The cryptocurrency quickly rebounded to hover around $68,700. Traders and analysts turned their attention to Bitcoin’s promising signs, particularly highlighted by renowned analyst Mags, who hinted at a potential surge of a whopping…

During this bull cycle, the crypto market has been surfing off Bitcoin’s crest and enjoying the bullish momentum. However, investors hope for a seismic explosion to impulse Altcoins to new highs. As the crypto industry awaits, online reports revealed that, since FTX’s fall, only eight altcoins have hit a new all-time high (ATH) against Bitcoin. A crypto analyst shared his thoughts on the matter. Altcoins Underperforming Against Bitcoin This Cycle On Friday, Crypto analyst Miles Deutscher shared an interesting fact…

Seasoned trader Peter Brandt’s recent prediction has captured significant attention. Brandt, known for his crypto market insights, has forecasted a substantial rise in Bitcoin’s value compared to gold, suggesting an impending shift in investors’ asset preferences. Bitcoin vs. Gold: A Shift In Value Peter Brandt, particularly, projected an eye-opening scenario where Bitcoin could dramatically outpace gold. His analysis suggests that the ratio of gold ounces needed to purchase one Bitcoin could escalate to 100 within the next 12 to 18…

Data shows that the Bitcoin Realized Volatility metric has fallen to historically low levels. What generally happens after this pattern forms? Bitcoin Realized Volatility Has Decline To Extreme Lows Recently In a post on X, CryptoQuant author Axel Adler Jr has discussed about the latest trend taking place in the Realized Volatility of Bitcoin. The Realized Volatility here refers to an indicator that basically tells us about how volatile a given asset has been based on its price returns within…

As the defunct cryptocurrency exchange Mt. Gox prepares to distribute around $9 billion worth of Bitcoin, some investors are worried about the potential impact on prices. However, industry experts and major creditors believe that any short-term volatility will be outweighed by BTC’s long-term bullish prospects.  With the approval of US spot Bitcoin exchange-traded funds (ETFs), many market experts anticipate that the market will absorb the newly available tokens.  Bitcoin Optimism Among Market Participants As reported by our sister website, Bitcoinist,…

Lawyer Scott Johnson has alleged that despite the recent Ethereum spot ETF approvals, the Biden government remains anti-crypto. He says that Biden is working on Operation Chokepoint 2.0, under which he will use enforcement agencies like the OCC and SEC to crack down on crypto exchanges and traders. As the US election draws closer, the crypto industry is closely scrutinizing the two main candidates—Donald Trump and Joe Biden—regarding their digital asset stands. While he has been against crypto since he…

The post DMM Bitcoin Loses $305 Million Worth of BTC in a Hack: Here’s the Impact on BTC Prices appeared first on Coinpedia Fintech News DMM Bitcoin, a crypto exchange based in Japan, reported a significant loss of $305 million following a recent hack. The security breach led to the theft of 4,502.9 Bitcoin (BTC) from the exchange. As a result, BTC price witnessed a steep decline, currently heading toward the weekly low of $67K. Customer Bitcoin Deposits to Be…