After posting 73% year-to-date (YTD) gains, investors still wonder whether the Bitcoin bear market is over. Examining historical trends and the current state of the legacy banking system may shed light on the state of the crypto market.
Multiple factors may contribute to the resurgence of Bitcoin and the impact of the global economic climate on the cryptocurrency industry.
The End of the Bitcoin Bear Market?
Bitcoin has experienced four consecu...
Bitcoin (BTC) has fallen by 2.5%, and crypto liquidations have reached nearly $140 million in the past 24 hours. But why are traders still greedy?
Bears have overtaken the crypto market, as Bitcoin is down by nearly 2.5% to $28,600. While the price of Bitcoin and major altcoins are down, the market sentiments have a different story to tell.
Traders Greedy Despite Liquidations
As of writing, the Crypto Fear and Greed index stands at 63 points, wh...
The rising electricity rates in the United States have increased Bitcoin mining costs. As the electricity demand grows and expenses increase, Bitcoin miners face higher operating costs, reducing their profit margins.
Electricity is a crucial factor in the process of Bitcoin mining, which is the process of verifying transactions and adding them to the blockchain. As the Bitcoin network grows, so does the demand for electricity to power the mining...
EGRAG CRYPTO posted two tweets regarding BTC this morning.
The trader’s first tweet highlighted that a bullish trend reversal pattern has formed on BTC’s chart.
In his second tweet, the trader stated that BTC’s price will remain on a battlefield until around August and September.
The crypto trader EGRAG CRYPTO shared his latest analysis for Bitcoin (BTC) via two tweets this morning. In his first tweet, the trader stated that a 5-day...
Crypto Market News: In what could be a significant step forward in expanding the crypto market reach to mainstream audience, a new Shark Tank style television show is set to come up. However, the new show would be entirely centered around crypto startups and web 3.0 ecosystem. In partnership with Hello Labs, price tracking platform CoinMarketCap is launching the show, at a time when there ar...
MicroStrategy Founder Michael Saylor posted a video of Senator Ted Cruz on Twitter.
Cruz says, “I’m incredibly bullish about crypto as a whole and bitcoin in particular.”
The senator reveals he’s a Bitcoin investor and owns more every Monday.
MicroStrategy Founder and Chairman Michael Saylor recently posted a video of Senator Ted Cruz on Twitter, where Cruz is seen explaining that he is incredibly bullish on Bitcoin (BTC).
The ...
Bhutan operates a state-owned Bitcoin mine utilizing its hydroelectric resources.
The earnings are to subsidize power and hardware costs.
Bhutan is in talks with Bitdeer to secure 100 MW of power access.
Bhutan, a tiny kingdom in the Himalayas, reportedly uses its vast hydroelectric resources to power a state-owned Bitcoin mine, making it one of the few countries with a sovereign mining operation.
This development was captured in...
Conor Grogan, the Director of Product Strategy at Coinbase, has discovered a ChatGPT jailbreak that can predict the Bitcoin (BTC) price and future events.
ChatGPT, an artificial intelligence (AI) language model, has certain restrictions that prevent it from making predictions or giving its opinions.
Whenever the chatbot is normally asked if Bitcoin will hit $100,000 in 2030, it replies, “As an AI language model, I cannot predict the future with...
If a nuclear war or deadly pandemic suddenly rocked the globe, would we suddenly all flock to Bitcoin? To put the matter simply, it is hard to say. But decentralized non-fiat currencies are adaptable in ways that others are not.
Imagine it. An event of seismic proportions suddenly rocks the globe. It could be a new financial crisis that makes the crash of 2008 look like a brief market correction. It could be a catastrophic invasion of a countr...
Last week’s Bitcoin price crash sent shockwaves through the crypto market, leaving investors and traders scrambling to make sense of the sudden drop. Among the various factors that contributed to this crash, the awakening of dormant whales played a significant role.
So what was the impact of these long-dormant whales, and what other factors are behind the recent Bitcoin price crash?
Crypto Market Overview
The crypto market is notoriously vola...
