As the price of Bitcoin fluctuates, a growing number of companies have seized the opportunity to accumulate the cryptocurrency, further solidifying Bitcoin’s place on corporate balance sheets. Following Bitcoin’s all-time high in March, at least six companies—including five publicly traded ones—have collectively acquired 48,836 BTC, an investment estimated to be worth around $3.1 billion today.
WilfredBut with one step forward, it seems that China has taken two steps back according to a speech given by former finance minister Lou Jiwei at the prestigious Tsinghua WuDaoKou Chief Economist Forum in Beijing.
XingChiFormer Binance CEO CZ's first tweet after his prison release sparked attention, briefly mentioning future plans and enjoying freedom. BNB surged to a monthly high but quickly reversed, declining along with the broader crypto market.
KikyoChina's central bank announced a number of stimulus measures this week, creating liquidity conditions that analysts believe will help boost bitcoin prices.
AlexRobert Kiyosaki warns of a financial crisis influenced by AI, urging investment in Bitcoin and silver. He predicts Bitcoin could reach $1 million by 2030, advocating for safe haven assets.
EdmundChina’s aggressive stimulus package may stimulate global liquidity, but the country’s ongoing ban on cryptocurrency trading limits its direct impact on Bitcoin and other digital assets. While some crypto investors remain hopeful that the influx of liquidity will ultimately benefit Bitcoin’s price, significant gains have yet to materialize. With global markets closely watching both China’s economic recovery efforts and the crypto industry’s resilience, the next few months could prove pivotal for both sectors.
WenJunChina has shown great resilience, controlling more than 55% of Bitcoin mining despite ban.
XingChiSweden's authorities are cracking down on unlicensed cryptocurrency exchanges involved in organised crime and money laundering. They are also targeting Bitcoin mining operations, uncovering 90 million SEK in unpaid taxes from 18 firms.
WeatherlyA Bitcoin whale wallet was reactivated after nearly 11 years, sparking speculation of a connection to Satoshi Nakamoto. Data shows an increase in both large and small wallets, while mid-tier holders have decreased, reflecting a changing Bitcoin market.
WenJunElon Musk and President Nayib Bukele discussed global innovation and technology but avoided crypto conversations during their meeting in Austin. Musk praised Bukele’s leadership, while El Salvador’s Bitcoin investments continue to show positive returns.
WenJunJPMorgan analysts downgraded Coinbase to underweight on Tuesday.
JinseFinanceThe cryptocurrency market faces uncertainties as the bitcoin ETF catalyst loses its previous luster, impacting major players like Coinbase. Investors should tread carefully amidst potential market deflation.
SanyaBitcoin Whales Trigger Concerns: 70,000 BTC Sell-Off Sparks Price Correction Fears. Analyst Ali Martinez warns of potential retracement to $32,700 based on historical patterns. Current market volatility and $3 billion sell-off prompt caution among investors.
EdmundSharing insights into his diversified crypto portfolio, primarily consisting of Bitcoin and Ethereum, Hayes emphasizes the poor liquidity of other altcoins and their derivatives. He foresees the market initiating a substantial correction around March 12th if his projections materialize as expected.
Huang BoBitcoin faces short-term correction risks as sell pressure from short-term holders and a holiday-induced illiquid market persist. Analysts, including Bitfinex's Jag Kooner, highlight the potential for a pullback above $44,000, emphasizing the role of profit-taking by medium-term holders. Despite a prolonged streak of bitcoin profitability, historical market behavior suggests pullbacks before a projected $3.2 trillion high by 2024. The current valuation parallels past trends, indicating a potential pullback after reaching the $44,000-$45,000 zone.
SanyaDamage from FTX fallout has been widespread and Robinhood’s near-term outlook appears to be gloomy.
cryptopotatoThe bitcoin mining difficulty had dropped over the month of September, which led to a large increase in the bitcoin hashrate.
BitcoinistData shows the recent Bitcoin hashrate downtrend has lead to the largest negative adjustment in the mining difficulty during the ...
BitcoinistBitcoin mining difficulty has been adjusting for a while now. With the hashrate falling as more miners go offline due ...
BitcoinistThe new analytical reason shows that the derivatives have changed a lot in half a year, and the price increase of Bitcoin is more sustainable.
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