[ad_1] The publicly listed Bitcoin miner from Wall Street, HIVE Digital Technologies (NASDAQ: HIVE) announced today (Thursday) a significant expansion of its BTC mining capabilities, ordering 5,000 new Avalon A15-194T ASIC miners from Canaan. It marks the second major purchase this month as the company positions itself for the Bitcoin price approaching $100,000.Wall Street Bitcoin Miner HIVE Expands Mining Fleet The latest acquisition follows a previous order of 6,500 Avalon miners earlier in November, bringing HIVE’s total new miner purchases this month to 11,500 units. The company expects these upgrades to boost its operational capacity to 6.4 exahash per second…
Author: dfrancis36
[ad_1] Bitcoin‘s recent upside strength has sparked speculations within the crypto community about its move to the $100,000 level and beyond in the current market cycle as many crypto experts predict that the digital asset could witness a rally to the price range shortly. Bitcoin’s Path To $100,000 And Beyond Inevitable As the community anticipates Bitcoin’s ascent to a 6 figure value, Ali Martinez, a market analyst, and investor has forecasted BTC’s price spike to the $150,000 mark in the ongoing cycle while offering insights on the potential timeline for the milestone. Ali Martinez’s bold prediction which has triggered excitement…
[ad_1] Este artículo también está disponible en español. Ethereum (ETH) has consolidated since November 12, when it hit a local high of $4,446. Despite Bitcoin’s impressive rally capturing market attention, Ethereum has struggled to maintain upward momentum and reclaim its yearly highs. The price action reflects a period of indecision, as ETH faces challenges in breaking through significant resistance levels that could reignite bullish sentiment. Related Reading While Ethereum lags behind Bitcoin in performance, analysts remain optimistic about its potential for a breakout. Notably, Carl Runefelt, a prominent crypto analyst, recently shared a technical analysis suggesting that ETH is on…
[ad_1] In a step toward regulatory clarity for Bitcoin holders in China, a Shanghai court has issued an opinion stating that personal ownership of digital assets is not illegal under Chinese law. Personal Bitcoin Ownership Legal The opinion, articulated by Sun Jie, a judge at the Shanghai Songjiang People’s Court, was published on the official WeChat account of the Shanghai High People’s Court. Sun emphasized that while individuals are permitted to own cryptocurrencies, business entities in China are still prohibited from engaging in cryptocurrency investments or token issuance without regulatory approval. This clarification was part of the court’s review of…
[ad_1] Este artículo también está disponible en español. Bitcoin (BTC) achieved a new record high of $94,730, continuing a significant uptrend that began on November 5. Analysts are dubbing this rally the “Trump trade,” as the recent political developments surrounding Donald Trump’s victory have instilled renewed confidence among investors in BTC and the broader crypto market. Analyst Forecasts 42% Increase For BTC Despite the impressive surge, analysts believe Bitcoin’s price discovery is far from complete, indicating substantial potential for further growth. Among those sharing this bullish sentiment is analyst Ali Martinez, who draws parallels between Bitcoin’s current price movements and…
[ad_1] A recent analysis by CryptoQuant analyst tugbachain sheds light on an important aspect of Bitcoin market behaviour — the UTXO Realized Price Age Distribution. This metric plays a significant role in understanding the holding patterns of different investor groups and the market’s response to price fluctuations. The realized price, calculated as the Realized Cap divided by the total supply, is pivotal for identifying cost bases among long-term holders and recent buyers. According to tugbachain, the realized price levels for one-month and three-month periods often serve as critical zones during bull market corrections. These levels provide a lens through which…
[ad_1] Data shows the hype around Bitcoin has stayed low on social media recently despite the asset’s latest record. Here’s what this could mean for BTC. Bitcoin Sentiment On Social Media Is Still Just Mildly Positive In a new post on X, the analytics firm Santiment has discussed about the recent trend in the Positive Sentiment vs. Negative Sentiment Ratio for Bitcoin. This metric, as its name suggests, tells us about how the positive sentiment compares with the negative one on social media platforms. The indicator sources its data from the posts/threads/messages that are appearing on the major social media…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] Este artículo también está disponible en español. In a recent interview with FOX Business, Brad Garlinghouse, CEO of Ripple Labs, shared insights on the so-called “Trump trade” impacting crypto prices, as evidenced by Bitcoin’s recent streak of consecutive all-time highs over the past 48 hours. Garlinghouse also discussed how Ripple, and the broader digital asset industry, fit into the upcoming regulatory landscape expected under President-elect Donald Trump in the coming year. Ripple CEO Optimistic About Trump’s Pro-Crypto Stance Garlinghouse emphasized that since its inception, Ripple has focused on addressing the inefficiencies of traditional cross-border payments, which he described as…
[ad_1] Bitwise, a digital asset management firm known for its spot Bitcoin and Ether exchange-traded funds (ETFs) in the US, is now targeting a spot Solana ETF. It has registered a statutory trust for this purpose in Delaware, as first reported by Cointelegraph. However, the company has not yet filed an S-1 registration statement with the Securities and Exchange Commission (SEC).The Race for Altcoin ETFsRecently, Bitwise registered a similar trust for a spot XRP ETF and filed the S-1 form with the regulator a day later. However, a decision on that filing is still pending.Bitwise is not the first to…