A crypto strategist known for accurately calling the 2021 digital asset cycle top believes Bitcoin (BTC) and altcoins are poised to bounce higher this week. The analyst pseudonymously known as Pentoshi tells his 855,900 followers on the social media platform X that the OTHERS weekly chart, which tracks the total market cap of crypto excluding … Read more
As times change, people’s attitudes towards energy have also changed. They rely on renewable energy sources such as solar and wind power to power new energy cloud mining operations, which greatly reduces mining costs and integrates electricity generated by surplus energy into the grid. It not only saves a lot of energy consumption, but also … Read more
A closely followed crypto analyst says one key metric indicates Bitcoin (BTC) may have a hard time breaking out anytime soon. In a new thread, crypto trader Justin Bennett tells his 115,800 followers on the social media platform X that the Tether dominance chart (USDT.D) is flashing bearish for Bitcoin. Many traders closely watch the … Read more
Introduction El Salvador is making headlines with its bold Bitcoin City project—an ambitious plan to create a tax-free, blockchain-driven hub that could represent a revolutionary step for crypto investors. But is this truly a golden opportunity, or merely another speculative fantasy? El Salvador’s Bitcoin City Project In 2021, President Nayib Bukele unveiled plans for Bitcoin … Read more
JPMorgan analysts believe that Tether will have to sell some of its assets in order to comply with US stablecoin regulations. In fact, the analysts suggested that Tether sell Bitcoin, precious metals, corporate paper, and secured loans. Tether being the largest stablecoin company could find itself in trouble over newly introduced regulations. The STABLE Act … Read more
Introduction to the Impact of U.S. CPI Data on Bitcoin Prices Bitcoin (BTC) has long been viewed as a hedge against inflation and economic uncertainty. As a result, the release of U.S. Consumer Price Index (CPI) data often plays a crucial role in shaping Bitcoin’s price movements. A ‘soft’ CPI report, indicating cooling inflation, typically … Read more
WLFI announced the fund on Feb. 11, and noted that the fund is intended to support the cryptocurrency projects and permit their further role into the existing financial system. This intends to strengthen the stability of such assets by diversifying holdings across the tokenized asset spectrum for a more solid financial structure. Meanwhile, it will … Read more
North Carolina is making waves with a new Bitcoin Reserve and proposal to invest as much as 10% of its general and highway funds in Bitcoin. Spearheaded by House Speaker Destin Hall, the legislation signals a push to integrate digital assets into public finance, putting the state in the company of 20 others exploring similar … Read more
