Bitcoin

Erik Finman made his first Bitcoin investment and used it to finance cutting-edge businesses like Botangle, turning him into a cryptocurrency millionaire. Finman’s ideas, which include digital time capsules and sophisticated robotic suits for children, are upending conventional teaching and exploring space. In 2010, an 11-year-old rebel named Erik Finman invested $1,000, a gift from his grandma, into Bitcoin. A decade later, his visionary move turned him into a crypto millionaire. He not only sold a portion of his Bitcoin…

The post Michael Saylor States Bitcoin as ‘Meme-ing Of Life’ appeared first on Coinpedia Fintech News The MicroStrategy CEO, Michael Saylor has yet again caught attention with his statement on BTC as he took to X to post a message saying- ‘Bitcoin is the Meme-ing of life’. This comes amid a growing trend of meme coins gaining traction in the market. Saylor precisely pointed this out at a time when the meme coin frenzy was unfolding while emphasizing Bitcoin’s central…

The post-halving world of Bitcoin continues to throw curveballs. After a hashrate surge to celebrate the block reward reduction in April, Bitcoin’s computational power has taken a nosedive, dropping 20% in recent weeks. This unexpected decline has ignited a debate among analysts, with some sniffing out a fire sale and others urging caution. Bitcoin: Hashrate Hiccup Or Miner Exodus? Hashrate, a measure of the combined processing power dedicated to securing the Bitcoin network, typically climbs after a halving event as…

Bitcoin recently rose above $66,000 for the first time since April. This recent price rally from the flagship crypto is believed to be due to several factors, including the recently released inflation data.  Inflation Data Comes In Lower Than Expectations The Consumer Price Index (CPI) inflation data was announced on May 15 and came in lower than expected. The CPI rose by 0.3% in April, against forecasts of 0.4%. The CPI data was also lower than those recorded in March…

On April 20, 2024, the latest Bitcoin halving finally took place, cutting the rewards per Bitcoin block in half. This event, which takes place every few years, is one of the most anticipated events in the crypto calendar and has far-reaching implications on virtually every part of the industry. One application of Bitcoin that is bound to be impacted is gambling. While it is often underrated as a use of Bitcoin, the crypto gambling space has been on the rise…

After Wednesday’s big upward price surge, the bitcoin (BTC) price paused for breath on Thursday. A successful retest of $65,500 has taken place. Will this be the platform for the next leg upward? Price consolidation Bitcoin entered much calmer waters on Thursday. After the 7.6% rally seen on Wednesday, the $BTC price is currently consolidating above the important support at $65,500. A retest of this support has been made, but there is still leeway for a descent to $64,000 or…

Bitcoin (BTC) closed the daily candle with a robust 7.5% gain, signaling strong bullish momentum. Let’s examine why the $60,000 price has been a crucial entry point for investors and traders. Bitcoin Price Analysis: Breaking Down Key Technical Indicators The price is currently navigating within the daily Ichimoku Cloud, a critical technical indicator of market sentiment. A breakout above the cloud’s upper boundary would signify a potential continuation of the upward trend. Conversely, the cloud’s lower boundary around $62,000 and…

Triggered by the latest U.S. inflation data indicating a deceleration in price increases, Bitcoin has crossed the $66,000 threshold, signaling a robust response to favorable economic conditions. The unexpected slowdown in inflation has uplifted market spirits, catalyzing substantial gains across a wide array of major cryptocurrencies, reflecting a broader optimism in the digital asset space. Following recent U.S. economic reports indicating softer-than-expected inflation and sluggish retail sales, Bitcoin has soared past $66,000, reaching its highest level since late April. This…

Bitcoin price is in rebound mode after slightly impressive US Inflation – CPI data. Impact of general market trend and Bitcoin halving on miners explored by analysts. The selling pressure for Bitcoin (BTC) is projected to ease following the release of April’s Consumer Price Index (CPI). At the same time, prominent crypto analysts highlight a potential consolidation phase for Bitcoin miner revenue. Bitcoin’s Reaction to CPI Data Following information from the United States Bureau of Labor Statistics (BLS) showing that…