Cryptocurrency news - Bitcoin
Bitcoin faces new ‘milestone’ in 2022 as new forecast predicts BTC price ‘in the millions’
Bitcoin “may be primed” for a quantum leap in its development thanks to inflation this year, a Bloomberg analyst has claimed. In a tweet on March 17, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, released a fresh bullish take on Bitcoin...
Russian Bitcoin (BTC) miners are reportedly running as usual despite the government’s invasion of Ukraine this week.
According to estimates from the Cambridge Bitcoin Electricity Consumption index, miners in Russia accounted for around 11.2% of the global BTC hash rate as of August 2021. With sanctions on the Russian government coming from the U.S. and allied NATO nations, it is unclear how the...
Bitcoin rejected after attacking $42K as trader says BTC price impulse move not 'done yet’
Bitcoin (BTC) zoned in on a multi-week high for the weekly close on Feb. 6 as a calm weekend helped fragile sentiment. Bitcoin should flip $41,000 to support Data from Cointelegraph Markets Pro and TradingView followed a mercifully non-volatile weekend for BTC/USD, whic...
Billionaire Investor Bill Miller Now Has 50% of His Personal Wealth in Bitcoin
Market-beating fund manager and billionaire Bill Miller is so bullish on bitcoin that it and investments tied closely to the crypto now represent 50% of his personal assets, he revealed in a video interview with WealthTrack published on Friday. Miller, who gained fame fo...
Bitcoin could outperform stocks in 2022 amid Fed tightening — Bloomberg analyst
The Federal Reserve’s signaling for tighter monetary policy in 2022 could provide short-term headwinds for risk assets such as stocks and cryptocurrency, but there’s a good chance that Bitcoin (BTC) still comes out on top as investors recognize its value as a digital...
Bitcoin dominance falls under 40%
Bitcoin’s market dominance has continued to fall, bottoming out below 40% this week. That’s very close to the all-time low of 36.7% in January 2018, according to data from TradingView. Bitcoin (BTC) market dominance refers to the ratio between BTC’s market capit...
This Bitcoin price metric just hit ‘oversold’ for only the 7th time in 8 years
A Bitcoin (BTC) price metric, which made BTC “look seriously cheap” at $56,000, is now in rare oversold territory. In a tweet on Dec. 6, Philip Swift, creator of analytics platform LookIntoBitcoin, returned to potentially bullish signals coming from Bitcoin’s Ad...
Salvadoran Ambassador to US: Bitcoin Challenges Your Authority
In September, El Salvador adopted bitcoin as legal tender, sending shock waves through the international monetary establishment. That, and other increasingly ambitious plans to put bitcoin at the center of its economy, are wagers that America’s global influence is waning. “I...
Miami Mayor receives 100% of his paycheck in Bitcoin
Francis Suarez, the current Mayor of Miami, has declared that he would earn his whole salary in Bitcoin. As a result, he is the first sitting politician to do so. Previously, NFL players and other athletes accepted to collect partial or even full payment in Bitcoin, but never a s...
Tesla at $1 billion profit from Bitcoin
Tesla's daring entry into the Bitcoin market has started paying off in 2021, with BTC's price rising in October to reach more over $58,000 on October 14. According to the online tracking portal Bitcoin Treasuries, Tesla now possesses around 43,200 BTC, which is worth approxi...