Bitcoin Archives - Cryptolifedigital

Bitcoin Poised to Outperform Stock Market? Crypto Trader Kevin Raises Bullish Flag

26Apr

By Daniel AbangNo Comments

Bitcoin

Bitcoin Poised to Outperform Stock Market? Crypto Trader Kevin Raises Bullish Flag

Cryptocurrency enthusiasts received a spark of optimism after Kevin, a well-known crypto trader, hinted at Bitcoin's potential to outperform the S&P 500. Taking to X, a popular social media platform, Kevin (@OG_Yomi previously) shared his analysis of the Bitcoin (BTC/USD) chart relative to the S&P 500. He highlighted a consolidation pattern forming for Bitcoin just below its all-time highs, suggesting a possible bullish breakout against the stock market. Read Also: Consensys Sues SEC in Bid to Protect Ethereum's Future https://twitter.com/Kev_Capital_TA/status/1783543419253543287 Chart Signals Potential Shift in Market Dynamics Kevin's post included a chart that visually represented the relationship between BTC/USD and the S&P 500, hinting at a potential turning poin...

The Rise of Bitcoin Halving: What It Means for the Digital Economy

22Apr

By Kayode Oke MichaelNo Comments

Bitcoin

The Rise of Bitcoin Halving: What It Means for the Digital Economy

The recent Bitcoin halving, a programmed reduction in mining rewards, has generated widespread interest and discussion within the cryptocurrency community. This noteworthy event is considered a pivotal moment in Bitcoin's history, and experts are analyzing its far-reaching implications for the future of the ecosystem. Bitcoin Halving – A Landmark Event in Cryptocurrency From a technological perspective, Avalanche founder Emin Gün Sirer has expressed his view that the halving could lead to a temporary reduction in network security. However, Sirer also recognizes the positive impact the event has had on generating market speculation and attracting new investors to the crypto space. He predicts significant growth for the industry, with expectations of a tenfold increase in the crypto space....

The Rise and Fall of Bitcoin: Lessons to Learn from its Volatility

20Apr

By Kayode Oke MichaelNo Comments

Bitcoin

The Rise and Fall of Bitcoin: Lessons to Learn from its Volatility

In the past year, Bitcoin (BTC) has experienced substantial growth, surging over 145% in value. However, another cryptocurrency has overshadowed Bitcoin's growth by gaining 350% in the same period. Kaspa (KAS), a project with high block speeds and high security, has given Bitcoin a run for its money in the last year. Kaspa’s (KAS) Price Movement in the Last 12 Months Over the past year, Kaspa's value has been on a wild ride. At the start of April 2023, Kaspa's value hovered around the $0.03318 mark and plunged to $0.01571 by the end of June. Like the rest of the market, Kaspa went through a consolidation stage during the summer period. The token traded in a tight range between $0.02537 and $0.031. Between October and November, Kaspa hit its highest-ever price as it traded at $0.14738...

Bitcoin Successfully Halves, But Price Impact Remains Unclear

20Apr

By Raliat IdrisNo Comments

Bitcoin

Bitcoin Successfully Halves, But Price Impact Remains Unclear

The highly anticipated fourth Bitcoin halving event has come and gone, with miner rewards for each block cut in half from 6.25 BTC to 3.125 BTC. This programmed event, occurring roughly every four years, directly impacts the rate of Bitcoin creation. Slower Bitcoin Production and Future Halvings With the halving, the daily production of Bitcoin will be cut in half, dropping from an average of 900 BTC to 450 BTC. This follows a decade-long trend of decreasing mining rewards, with previous halvings occurring in 2012, 2016, and 2020. The next halving is expected around the first quarter of 2028, at a block height of 1,050,000. The halving process will continue until roughly 2140 when all 21 million Bitcoins are mined. Read Also: Shiba Inu Marketing Fuels Optimism in India, Despite Price ...

Exclusive: Arthur Hayes Unveils Bitcoin’s Future Growth Prospects at Token2049

19Apr

By Kayode Oke MichaelNo Comments

Bitcoin

Exclusive: Arthur Hayes Unveils Bitcoin’s Future Growth Prospects at Token2049

During the Token2049 conference in Dubai, BitMEX’s co-founder, Arthur Hayes, discussed the monetary policies of several economic giants, including the US government, China and Japan. Hayes highlighted Bitcoin as the ideal solution for times when central banking balance sheets are expanding. Hayes began by explaining that real yields will continue to be negative, as the US Fed and Treasury are actively managing to maintain this trend by borrowing funds at lower rates. If this trend continues, Bitcoin and other cryptocurrencies will continue to increase in value. However, he warned that there is a slim chance that the real yields will turn positive anytime soon. Read Also: Bitcoin Halving Countdown: Excitement Builds Among Crypto Enthusiasts Hayes also expressed his belief that ...

Bitcoin Ethereum Remarkable Price Performance After Coinbase Court Victory

8Apr

By Daniel AbangNo Comments

Bitcoin, Ethereum

Bitcoin Ethereum Remarkable Price Performance After Coinbase Court Victory

Bitcoin and Ethereum are on a tear thanks to a gigantic uptrend after Coinbase's court triumph throughout the end weekend. Adding to the bullish sentiment, Bitcoin Minetrix (BTCMTX), a new cloud mining project, keeps on producing publicity - with its presale closing in the $13 million milestone. Read Also: Cardano Price Prediction: Bullish Targets Up to $9.71 Envisioned by Cardano Ghost Fund Co-founder BTC And ETH Take Off Investors in the crypto market are buzzing after BTC and ETH surged following a rush of purchasing pressure. Bitcoin has risen above 4% to $72,500 - its highest price in almost a month. Ethereum is likewise flaunting, up a faltering 7% to $3,640, which is a level unheard of since March 31. Because of these developments in price, the Crypto Fear and Gree...

Bitcoin Price Soars to $69,000 Just Before 4/20 Halving

4Apr

By Kayode Oke MichaelNo Comments

Bitcoin

Bitcoin Price Soars to $69,000 Just Before 4/20 Halving

Over the past 24 hours, the price of Bitcoin has seen a 5% increase, reaching $69,139. This marks a reversal of the downward trend that had pushed the leading cryptocurrency below $70,000 and nearly touched $65,000 on Tuesday before bouncing back on Thursday. What is Bitcoin Halving and how does it surge the Bitcoin Price The Bitcoin halving is a network event that occurs every four years and reduces the reward miners receive for producing a new block of BTC. Its objective is to slow down the growth of the circulating supply and curb inflation, which typically leads to a rising price for the asset. Read Also: $1 For LUNC Is Possible After Bitcoin Halving, Here Are What Could Make It Possible In anticipation of the next halving, scheduled for April 20, the price of Bitcoin surged in...

Bitcoin Sets A New All-time High: Factors Behind the Surge

11Mar

By Daniel AbangNo Comments

Bitcoin

Bitcoin Sets A New All-time High: Factors Behind the Surge

The crypto-positively trending market is now going full speed ahead as Bitcoin slips into its price disclosure phase after triumphing above its previous all-time high. In the midst of this phase, BTC has kept on recording new ATH values, outperforming past assumptions. In any case, one of Bitcoin's significant price surges came up today as the asset pushed over the essential obstruction edge at $72,000, setting to a new high level of $72,226 recently. In spite of confronting an obstruction at this price, BTC holds above $71,900. Read Also: Factor That Suggest Bitcoin’s Next Move Reason Behind The New ATH As the crypto asset hopes to leverage another rise to hit above $72,000, information in the market has uncovered some of the reasons and significant variables that are responsible ...

20Feb

By OLAJIDE SAMUELNo Comments

Bitcoin

Factor That Suggest Bitcoin’s Next Move

Bitcoin has dazzled traders excellently, taking off from $42,280 on January 1 to $52,369.03 at the hour of composing in the wake of jumping by 4.60% in 24 hours or less. The development came following the endorsement and growth of the spot Bitcoin ETF product by the US SEC. With the enormous surge that has procured Bitcoin a 22.48% increase Year-to-Date (YTD) presently slowing down, a reboot is expected to light further interest in the coin. Read Also: Coinbase Kicked out Bitcoin, Retain Shiba Inu According to the expert Ali Martinez, Bitcoin's 10-minute chart illustrates what's on the horizon. Per the examiner, the help trendline for the TD Consecutive indicator is fixed at $51,700 with resistance locked at the $52,515 price mark. https://twitter.com/ali_charts/status/17597283...

World 10th Largest Asset: Bitcoin Ahead Of Tesla

12Feb

By Daniel AbangNo Comments

Bitcoin

World 10th Largest Asset: Bitcoin Ahead Of Tesla

It is no newer that Bitcoin has over the years established itself as the leading crypto asset, it has in recent information made another remarkable headway as one of the top 10 ranking assets in the world, leading ahead of giant Technological Companies like Tesla, owned by Elon Musk and a well-known communication giant Visa. Read Also: History Repeated: Bitcoin volatility Collapse According To Data From Market Strategist Bitcoin Market Cap By the ranking. the largest crypto asset was only preceded by companies like Golf Silver and a few techs. Companies like Amazon, Microsoft, Apple, etc Bitcoin hit this achievement with a market capitalization of nearly $1 trillion with the price of the coin at $48,179. Bitcoin, Tesla, Visa, and JPMorgan have a market cap of $947.07 billion, $616....