Michael Saylor Predicts Bitcoin’s Meteoric Rise to $13 Million
MicroStrategy’s co-founder and executive chairman, Michael Saylor, remains a steadfast advocate for Bitcoin, even amid recent fluctuations in the cryptocurrency market. Saylor, known for his bullish stance on Bitcoin, has projected that the leading digital asset could soar to an astounding $13 million per coin over the next two decades. MicroStrategy, a business intelligence firm […]
Bitcoin Price Takes a Sharp Dip as Market Volatility Persists
The cryptocurrency market has had a tough week, with Bitcoin leading the charge downward. Investors hoping for a market recovery were met with disappointing news, as Bitcoin’s price continued to fall sharply over the past seven days. Bitcoin’s Steady Decline Bitcoin experienced a significant price drop this week, plunging by over 9%. As of Friday, […]
Bitcoin’s Path to $50K: Market Correction or Prelude to New Highs?
In a recent analysis, Arthur Hayes, co-founder of BitMEX and a well-known voice in the cryptocurrency space, suggested that Bitcoin may experience further price corrections before rebounding toward new highs. Hayes, recognized for his in-depth crypto essays and macroeconomic commentary, has revised his earlier prediction that the Bitcoin bull market would surge in September, cautioning […]
Bitcoin Mining Profitability Hits Record Lows as Hash Rate Rises – Report
Bitcoin mining profitability has reached unprecedented lows, according to a recent research report by JPMorgan. The report, cited by CoinDesk, highlights that Bitcoin miners earned an average of $43,600 per exahash per second (EH/s) in daily block reward revenue in August, marking the lowest rate on record. This represents a steep decline compared to the […]
Bitcoin Resilience Tested as Exchange Reserves Hit Multi-Year Low
Bitcoin’s recent market movements underscore its volatile nature, with the leading cryptocurrency bouncing back from a low of $57,250 to regain ground above $58,000 on Monday, September 2. This recovery comes as cryptocurrency exchanges report a significant drop in Bitcoin reserves, marking a notable shift in market dynamics. Data from CoinGecko shows that Bitcoin’s price […]
BlackRock’s Bitcoin ETF Sees First Loss Since May Amid Broader Market Decline
In a notable shift for the Bitcoin investment landscape, BlackRock’s iShares Bitcoin Trust (IBIT) has posted its first loss in nearly four months, losing $13.5 million in net outflows on Thursday, August 29th. This marks a significant event for the world’s largest spot Bitcoin exchange-traded fund (ETF), which had seen steady growth in assets since […]