Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said. Share prices of Bitcoin miners soared as high as 24.4% on Oct. 28 as Bitcoin rallied over $70,000 — with an analyst pointing to an increasingly favorable macroeconomic climate and miners’ continued diversification into AI.…
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Meta wants to reduce its dependence on Google and Microsoft Bing and hopes an in-house search engine will do the trick. Tech giant Meta is reportedly looking at creating its own AI-powered search engine in a bid to reduce its reliance on existing search products, including Google and Microsoft’s Bing. The new search engine will…
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Bitfinex analysts say Bitcoin could reach a new all-time high following the US election, with market conditions forming a “perfect storm” for a major price push. Donald Trump’s chances of winning the presidential election, combined with historically bullish market conditions could be the “perfect storm” of price action that could push Bitcoin to a new…
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“Old noise” may be a new name for FUD, as Tether defends itself from a report in The Wall Street Journal about US government investigations. The United States federal government is investigating stablecoin issuer Tether, The Wall Street Journal reported in an “exclusive” article on Oct. 25, citing “people familiar with the matter.” Tether CEO…
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Microsoft’s upcoming vote on whether or not to build a Bitcoin position is just another sign of corporations’ and institutional investors’ growing interest in BTC. On Oct. 24, a filing by Microsoft Corp. (MSFT) with the United States Securities and Exchange Commission (SEC) revealed an unexpected item on the agenda for its upcoming annual shareholder meeting on…
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According to the paper, central banks collectively hold $2.2 trillion in gold as of Q1 2024 and continue to expand their gold allocations. A recent paper from the Bitcoin Policy Institute titled The Case for Bitcoin as a Reserve Asset argued that central banks should adopt Bitcoin as a reserve asset to hedge against rising inflation, geopolitical…
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A crypto analyst highlighted a 65% increase in Ethereum held in accumulation wallets since the start of 2024, arguing that it’s no longer just for “tech enthusiasts.” Just over $50 billion worth of Ether is currently locked in accumulation wallets — nearly 65% more than the beginning of 2024, according to a crypto analyst. “By…
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The unknown crypto trader invested only $3,000 into a new Solana-based memecoin before its price rally. A savvy cryptocurrency trader profited more than $9 million on his initial altcoin investment, showcasing the potential of memecoin trading. The trader made a 3,000-fold return on his investment in the Solana-based Numogram (GNON) token, a low-market capitalization memecoin…
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Solana price is up today as a combination of technical and onchain factors paint a bullish outlook for SOL. Solana price is up today, buoyed by a modest recovery in the broader cryptocurrency market. SOL’s rebound follows Bitcoin’s recovery to 2021 record highs as a number of technical and onchain indicators hint at more gains…
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Bitcoin RSI is either on track to deliver a six-figure BTC price next year or “this time is different,” analysis says. Bitcoin is technically on track to hit $233,000 — and that could come as early as Q1 2025. In a new BTC price forecast, X analytics account Bitcoindata21 used the relative strength index (RSI) to…
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