Tag: Bitcoin
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Bitcoin Rises, Then Falls as Fed Chairman Powell Says It Will Take Time to Beat Inflation
Following remarks by Federal Reserve Chairman Jerome Powell that the government is starting to contain inflation, bitcoin soared upward along with markets before settling down. However, Powell emphasized that it will take time to adequately control inflation. The digital asset first increased when the head of the US central bank predicted reduced inflation at a […]
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Bitcoin Surges +30% in 2023: Is a Price Correction Looming?
In 2023, rising Bitcoin prices Beginning in 2023, the cryptocurrency industry saw a significant upswing, led by rising Bitcoin values. Bitcoin managed to soar from a low of $16,900 to its current price of almost $23,000, representing a tremendous rise of over 30%. Is a Price Correction Coming for Bitcoin? A price adjustment period is […]
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Bitcoin Rally Brings Smiles to Investors: Should You Hold or Sell?
Increase in Bitcoin’s Price Brings Profits to Owners Many owners of Bitcoin (BTC) are now in a position to profit as a result of the recent rise in price. However, a lot of these holders have a propensity to sell rather than stick onto their investments. Price Increase in 2023’s First Month A huge increase […]
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In January, Riot Mined at an All-Time High of 740 BTC.
Riot Blockchain, a US-based cryptocurrency miner, generated 740 BTC last month, a 62% increase from January 2022 and a new monthly record for the business. Bypassing an ATH Riot generated a record-breaking 740 BTC worth of bitcoin in January despite having problems with their mining fleet. CEO Jason Les said that the Rockdale Facility was […]
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Grayscale Takes on SEC in Battle for Bitcoin ETF Approval
Grayscale Takes on SEC in Bidding for Bitcoin ETF Spot In its legal battle with the SEC over the transformation of the Grayscale Bitcoin Trust into a spot Bitcoin ETF, Grayscale has now presented its closing arguments. The business claimed that their filings were “basically identical” to earlier briefs but included more “citations and references” […]
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50% of all Bitcoin worth $86.4 billion remains untouched for 2 years
Half of All Bitcoin Has Been Unmoved for 2 Years A renowned crypto analyst known as “Documenting Bitcoin” has presented updated information revealing that 50% of all Bitcoin, equivalent to 9.64 million BTC valued at $86.4 billion, has not been shifted from its holders’ wallets for the past two years. The Significance of Unmoved Bitcoin […]
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Will there be a Valentine’s Day massacre on Bitcoin, or will the bulls regain $24,000?
On the back of positive macroeconomic winds, the cryptocurrency has been heading upward, but uncertainty still reigns supreme and could derail any upward momentum. Bitcoin Vs. Pow-Pow: A Coming Bull-Run As of this writing, the price of Bitcoin is circling around the $23,000 mark as the market waits impatiently for the Chairman of the U.S. […]
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Hut 8 Mining & US Bitcoin Corp. Merge to Create North America’s Crypto Mining Giant – Shares Soar 7%!
Merger Between US Bitcoin Corp. and Hut 8 Mining It has been reported that US Bitcoin Corp. and Hut 8 Mining Corp. of Canada would merge in an all-stock deal. It is anticipated that this action would establish a sizable crypto-mining organization in North America. The merged business intends to list on both the Nasdaq […]
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Bitcoin Surges to 10-Month High on Fear and Greed Index, Signaling Strong Bullish Sentiment
As the fear and greed index for bitcoin reaches a 10-month high, investor confidence is rising. Investor sentiment is improving, as seen by the recent 10-month high of 61 on the Fear and Greed Index for the most popular cryptocurrency, Bitcoin (BTC), as well as other digital assets. Following a price increase over the previous […]