Bitcoin investment Archives - Cryptolifedigital

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...

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...

Bitcoin Achieves New All-Time High in Argentina, Surpassing 10 Million Argentinian Pesos

15Aug

By OLAJIDE SAMUELNo Comments

Bitcoin

Bitcoin Achieves New All-Time High in Argentina, Surpassing 10 Million Argentinian Pesos

In a groundbreaking development for the world of cryptocurrencies, Bitcoin has reached a new all-time high (ATH) in Argentina, with its value soaring past an impressive milestone of 10 million Argentinian pesos. This remarkable achievement has sent shockwaves through both the global cryptocurrency community and Argentina's financial landscape. https://twitter.com/BitcoinNewsCom/status/1691181953272197120 Bitcoin hits ATH in Argentina Bitcoin enthusiasts and financial experts alike have closely monitored the cryptocurrency's performance in various regions, but the recent surge in Argentina's Bitcoin market has garnered significant attention. This substantial price increase signifies the growing importance of cryptocurrencies as an alternative financial asset, particularly in countries ...

Bloomberg Strategist Mike McGlone Reiterates $100,000 Bitcoin Price Prediction Despite Potential Dip

25Jul

By OLAJIDE SAMUELNo Comments

Bitcoin

Bloomberg Strategist Mike McGlone Reiterates $100,000 Bitcoin Price Prediction Despite Potential Dip

In a recent interview with crypto influencer Scott Melker, Bloomberg Intelligence's senior macro strategist, Mike McGlone, reaffirmed his long-term prediction of Bitcoin (BTC) reaching $100,000. However, he cautioned that the cryptocurrency could experience a significant dip before achieving that milestone. McGlone emphasized that he initially made the call for Bitcoin to reach $100,000 when it was trading below $20,000. While he remains confident in the six-figure price target for the long term, he believes it is more likely for Bitcoin to undergo a 50% correction and fall to the $20,000 level or even establish a new low before embarking on a parabolic trajectory. Read Also: Binance Heeds LUNC Rebel's Call for More Trading Pairs on LUNC To support his forecast, McGlone pointed to...

Grayscale CEO Believes Approval of Spot Bitcoin ETF by SEC Imminent

13Jul

By Adaralegbe Tosin MNo Comments

Bitcoin

Grayscale CEO Believes Approval of Spot Bitcoin ETF by SEC Imminent

In a recent tweet that sparked excitement within the cryptocurrency community, the CEO of Grayscale Investments, Michael Sonnenshein, expressed his confidence in the eventual approval of a spot Bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC). Sonnenshein's tweet read, "It's a matter of when, it's not a matter of if" a spot #Bitcoin ETF gets approved by the SEC, igniting speculation about the future of cryptocurrency investment. https://twitter.com/BitcoinMagazine/status/1679176669108617230 The announcement by the influential CEO, whose firm manages the world's largest Bitcoin investment trust, comes after years of attempts by various entities to gain regulatory approval for a Bitcoin ETF. The SEC has historically been cautious about approving s...

CBOE Bitcoin ETF Applications Forge Surveillance-Sharing Agreements with Coinbase, Await SEC Decision

12Jul

By OLAJIDE SAMUELNo Comments

Bitcoin

CBOE Bitcoin ETF Applications Forge Surveillance-Sharing Agreements with Coinbase, Await SEC Decision

In a significant development for the cryptocurrency industry, all five spot Bitcoin exchange-traded fund (ETF) applications submitted by the Chicago Board Options Exchange (CBOE) have reached surveillance-sharing agreements with Coinbase, a leading cryptocurrency exchange. This news, shared by Bitcoin Magazine, has sparked anticipation as market participants eagerly await the Securities and Exchange Commission's (SEC) decision on these groundbreaking ETF proposals. Read Also: Renowned Author of "Rich Dad, Poor Dad" Predicts the Demise of the US Dollar, Foresees Bitcoin Surging to $120,000 Next Year. https://twitter.com/BitcoinMagazine/status/1678774627743707138 Surveillance-Sharing Agreements Boost CBOE Bitcoin ETF Applications The CBOE's pursuit of Bitcoin ETFs has gained momentum...

Former SEC Chairman Praises Institutional Interest in Bitcoin as “Remarkable”

11Jul

By Onche Michael ONo Comments

Bitcoin

Former SEC Chairman Praises Institutional Interest in Bitcoin as “Remarkable”

In a recent tweet by Bitcoin Magazine, a former chairman of the U.S. Securities and Exchange Commission (SEC) he expressed his admiration for the growing institutional interest in Bitcoin. The former SEC chairman described it as "remarkable" that major financial institutions, including BlackRock, are willing to associate their reputations with the leading cryptocurrency. His comments reflect a shifting sentiment within the regulatory and financial sectors towards the recognition and acceptance of Bitcoin as a legitimate asset class. Read Also: Grayscale Expresses Concerns Over SEC's Differential Treatment of Bitcoin ETFs https://twitter.com/BitcoinMagazine/status/1678473730647793700 Former SEC Chairman (Jay Clayton) Praises Institutional Investors as Bitcoin take a significant move ...

Bitcoin Miners Transact Over $1 Billion Worth of BTC, Triggering Market Speculation

28Jun

By CryptolifedigitalNo Comments

Bitcoin

Bitcoin Miners Transact Over $1 Billion Worth of BTC, Triggering Market Speculation

Bitcoin miners have recently initiated a substantial movement of funds, transferring more than $1 billion worth of Bitcoin (BTC) to various cryptocurrency exchanges. This significant development within the crypto industry has ignited widespread speculation and sparked debates among market participants. https://twitter.com/cryptoquant_com/status/1673890203000512512 Bitcoin Miners Move Over $1 Billion Worth of BTC The movement of such a substantial amount of BTC by miners has raised eyebrows within the cryptocurrency community. As the backbone of the Bitcoin network, miners play a vital role in securing the blockchain and validating transactions. However, their decision to transfer such a massive sum to exchanges has triggered speculation regarding their intentions and the potential imp...

Fidelity Readies $4.5 Trillion Spot Bitcoin ETF Filing, Propelling Crypto Adoption

28Jun

By OLAJIDE SAMUELNo Comments

Bitcoin

Fidelity Readies $4.5 Trillion Spot Bitcoin ETF Filing, Propelling Crypto Adoption

In a groundbreaking move for the cryptocurrency industry, Fidelity Investments, one of the world's largest asset managers with $4.5 trillion in assets under management, is reportedly preparing to file for a spot Bitcoin exchange-traded fund (ETF). This development signals a significant step toward the mainstream adoption of digital assets and could have far-reaching implications for both the financial and crypto markets. https://twitter.com/BitcoinMagazine/status/1673786304956616706 Fidelity To Launch a $4.5 Trillion spot Bitcoin ETF Fidelity's decision to launch a spot Bitcoin ETF underscores the growing recognition of cryptocurrencies as a legitimate asset class among institutional investors. The move also highlights the increasing demand for regulated investment vehicles that provi...