Bitcoin beginner guide Archives

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...

Binance Prioritizes Stability, Converts SAFU Funds to USDC

20Apr

By Tolulope ZaccheausNo Comments

Crypto Exchanges

Binance Prioritizes Stability, Converts SAFU Funds to USDC

Amidst heightened cryptocurrency volatility leading up to the Bitcoin halving, Binance, the world's leading crypto exchange, has announced a significant change to its emergency insurance fund, the Secure Asset Fund for Users (SAFU). SAFU Goes Stablecoin: 100% Conversion to USDC To enhance reliability and stability, Binance has fully converted SAFU's assets to USDC, a US dollar-backed stablecoin issued by Circle Internet Financial. This move away from Bitcoin and Binance's native token BNB highlights a strategic shift towards a more stable reserve for user protection. Read Also: Bitcoin Successfully Halves, But Price Impact Remains Unclear "We are transferring 100 per cent of SAFU's assets to USDC," stated Binance. "A trusted, audited, and transparent stablecoin strengthens SAFU's r...

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 ...

Bitcoin Halving Looms: Crypto Market Braces for Potential Surge, Cardano (ADA) in Focus

18Apr

By OLAJIDE SAMUELNo Comments

Cardano

Bitcoin Halving Looms: Crypto Market Braces for Potential Surge, Cardano (ADA) in Focus

The Bitcoin halving event, estimated to occur within 48 hours, has ignited discussions about its impact on the cryptocurrency market. If history is any guide, the halving could trigger a significant rally in Bitcoin's price, potentially leading to a broader market upswing. Past Halving as a Precedent Historically, each Bitcoin halving has been followed by a substantial surge in Bitcoin's price, often spilling over to other cryptocurrencies (altcoins) like Cardano (ADA). During the 2020 halving, Bitcoin witnessed a staggering price increase of over 700%, climbing from $8,500 to a peak of $69,000. This historical trend fuels expectations for the upcoming halving, with some analysts predicting Bitcoin reaching a price target of $500,000. Industry leader Anthony Scaramucci, founder of SkyBri...

Pepe Coin Consolidates After Price Dip, Eyes Gains Before Bitcoin Halving

5Apr

By OLAJIDE SAMUELNo Comments

Cryptocurrency

Pepe Coin Consolidates After Price Dip, Eyes Gains Before Bitcoin Halving

Pepe Coin price is currently consolidating after a correction, with its sights set on potential growth before the upcoming Bitcoin halving event. The meme coin sector experienced a significant downturn recently, mirroring a broader correction in the crypto market following Bitcoin's retreat from highs above $70,000 last week. Tokens like PEPE, WIF, and BONK saw their March gains considerably eroded. Read Also: Meme Coins Take Over: Shiba Inu Leads the Charge on Indian Crypto Exchange WazirX Pepe Coin Seeks Support, Eyes Uptrend Despite the bearish outlook, Pepe Coin is attempting a recovery following a 24% drop from its recent peak of $0.000009. The 200-day EMA (Exponential Moving Average) is acting as immediate support, potentially paving the way for a trend reversal. Howev...

The Crypto Community’s Symphony of Anticipation: Gensler’s Warnings and the Impending Bitcoin ETF Decision

9Jan

By CryptolifedigitalNo Comments

Bitcoin

The Crypto Community’s Symphony of Anticipation: Gensler’s Warnings and the Impending Bitcoin ETF Decision

In the fast-paced world of cryptocurrencies, excitement and tension are reaching a crescendo as the Securities and Exchange Commission (SEC) faces a deluge of Bitcoin ETF applications. SEC Chair Gary Gensler recently sent shockwaves through the crypto community with a carefully crafted series of cautionary tweets, creating a sense of electric anticipation. Read Also: Shiba Inu Investors Navigate Turbulent Waters as SHIB Dips Below $0.00001; Opportunity or Concern? Gensler’s Cautionary Symphony Gensler's Twitter thread was more than a casual scroll through crypto headlines; it was a meticulously orchestrated symphony of caution. He highlighted three critical points that grabbed the attention of the crypto community: Potential Non-Compliance: Gensler expressed concern about crypto ...

Chamber of Digital Commerce CEO Foresees Bitcoin at $1 Million by 2029, Advocating for Mass Adoption

30Dec

By CryptolifedigitalNo Comments

Bitcoin

Chamber of Digital Commerce CEO Foresees Bitcoin at $1 Million by 2029, Advocating for Mass Adoption

Bitcoin (BTC), the leading cryptocurrency by market capitalization, has been a focal point of attention in the financial realm, currently trading at around $43,000. Chamber of Digital Commerce CEO Perianne Boring, however, sees this as just the beginning, projecting a remarkable surge that could see Bitcoin's value reaching $1 million by 2029. In a recent CNBC interview, Boring shared her bullish outlook, attributing the potential surge to the increasing adoption of Bitcoin and the fundamental principles of supply and demand. Read Also: Terra Classic (LUNC) Emerges Victorious as Community Revives LUNC and USTC, Outperforming Terra (LUNA) Bullish Vision and Rationale Boring's optimistic prediction is not based on mere speculation. She relies on valuation models indicating Bitcoin's "fa...

XRP Joins Bitcoin in Bullish Surge: BlackRock’s Move and Bitcoin ETF Approval Prospects Spark Crypto Market Anticipation

29Nov

By Tolulope ZaccheausNo Comments

XRP News

XRP Joins Bitcoin in Bullish Surge: BlackRock’s Move and Bitcoin ETF Approval Prospects Spark Crypto Market Anticipation

In a remarkable turn of events, Bitcoin (BTC) has experienced a staggering surge from approximately $15,000 last year to an impressive $38,000, marking a significant upward trajectory. Notably, XRP has mirrored this positive momentum, surging over 56% from $0.3986 to $0.61 in the past year. As the two leading cryptocurrencies showcase praiseworthy performance, the crypto market is poised for a potential influx of capital, according to insights from Forbes contributor Billy Bambrough. Read Also: Bitcoin's Resilient Surge: Bulls Regain Control as Whales, Derivatives Traders Signal Strong Optimism XRP has mirrored this positive momentum of Bitcoin The catalyst for this anticipated surge is rooted in the prospect of the approval of a Bitcoin spot exchange-traded fund (ETF), a development ...

Bitcoin’s Resilient Surge: Bulls Regain Control as Whales, Derivatives Traders Signal Strong Optimism

29Nov

By Raliat IdrisNo Comments

Bitcoin

Bitcoin’s Resilient Surge: Bulls Regain Control as Whales, Derivatives Traders Signal Strong Optimism

In the past 24 hours, Bitcoin (BTC) has reclaimed its bullish strength, marking a 2.47% rise and revisiting the $38,000 milestone, according to data from CoinMarketCap. Despite a brief pullback to $37,912 as of the latest update, the cryptocurrency's upward momentum suggests growing odds of a breakout. Read Also: Solana (SOL) Rockets to New Highs Amidst Memecoin Frenzy and Broader Crypto Market Surge Derivatives Traders Drive Momentum This resurgence in Bitcoin's price is accompanied by a notable increase in speculative activity among derivatives traders. Open Interest (OI) in BTC futures and perpetual futures contracts has surged by 4.22% in the last 24 hours, as revealed by Coinalyze data. The simultaneous rise in both price and Open Interest is often indicative of a strengthening b...

US Congressman Criticizes Bitcoin Creator “Satoshi Nakamoto” for Lack of Innovation

27Jul

By CryptolifedigitalNo Comments

Bitcoin

US Congressman Criticizes Bitcoin Creator “Satoshi Nakamoto” for Lack of Innovation

In a recent controversial statement, a US Congressman has raised eyebrows within the cryptocurrency community by denouncing the creator of Bitcoin, whom he referred to as "Satoshi Nakamoto," for a perceived lack of innovation. The remarks, made during a congressional hearing on digital currencies, have sparked a heated debate among proponents and critics of the world's first decentralized cryptocurrency. US Congressman Says Satoshi Nakamoto is not Innovative. Here is Why https://twitter.com/WatcherGuru/status/1684245942541643776 The Congressman, whose name has not been disclosed at the time of this report, claimed that the anonymous creator of Bitcoin did not introduce any groundbreaking technology and merely built upon existing concepts. The comments came as a surprise to many, as Bi...