Bitcoin Archives - Cryptolifedigital

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...

Terra Classic (LUNC) Amidst Bitcoin Halving: Google Bard’s Insights Illuminate Potential Price Trajectories

9Jan

By OLAJIDE SAMUELNo Comments

Terra Classic (LUNC)

Terra Classic (LUNC) Amidst Bitcoin Halving: Google Bard’s Insights Illuminate Potential Price Trajectories

In the lead-up to the Bitcoin halving, the cryptocurrency market is abuzz with speculation, particularly regarding the potential BTC price surge to an impressive $200,000 post-halving. This has led many to ponder the ripple effect on altcoins such as Terra Classic (LUNC), prompting a unique perspective from Google Bard on LUNC's potential trajectory based on various scenarios. Read Also: The Crypto Community's Symphony of Anticipation: Gensler's Warnings and the Impending Bitcoin ETF Decision Google Bard's Insights for Terra Classic (LUNC) Google Bard acknowledges the challenges in precisely predicting LUNC's future price, considering factors such as historical correlation with Bitcoin, LUNC's supply dynamics, and the unpredictable nature of the crypto market. Bard recently provided i...

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 ...

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...

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...

Renowned Author of “Rich Dad, Poor Dad” Predicts the Demise of the US Dollar, Foresees Bitcoin Surging to $120,000 Next Year.

11Jul

By CryptolifedigitalNo Comments

Bitcoin

Renowned Author of “Rich Dad, Poor Dad” Predicts the Demise of the US Dollar, Foresees Bitcoin Surging to $120,000 Next Year.

In a recent tweet that has sent shockwaves through the financial world, renowned author and financial educator Robert Kiyosaki, best known for his book "Rich Dad, Poor Dad," boldly declared the imminent demise of the US dollar and predicted a substantial rise in the value of Bitcoin in the coming year. Kiyosaki's tweet, which states, "US dollar will die. Bitcoin to $120k next year," has ignited both excitement and scepticism among investors and experts alike. Read Also: Former SEC Chairman Praises Institutional Interest in Bitcoin as "Remarkable" https://twitter.com/BitcoinMagazine/status/1678733049691885569 Kiyosaki's status as a prominent figure in the financial sector lends weight to his statements, as his books and teachings have influenced countless individuals seeking financ...

BONE Surpasses ETH and BTC, Attracting Attention from Seasoned Crypto Enthusiast Eric Cryptoman

4Jul

By OLAJIDE SAMUELNo Comments

Shiba Inu

BONE Surpasses ETH and BTC, Attracting Attention from Seasoned Crypto Enthusiast Eric Cryptoman

In a recent tweet, well-known crypto enthusiast Eric Cryptoman has drawn attention to the remarkable performance of Bone ShibaSwap's native gas token, BONE, which has surpassed the market giants Ethereum (ETH) and Bitcoin (BTC) by a factor of 4x. Cryptoman, renowned for his support of unconventional cryptocurrencies, highlighted the liquidity and potential investment attractiveness of BONE, further speculating on its prospects. Read Also: Terra Classic Community Divided Over Proposal To Appoint Binance CEO CZ As Ecosystem Leader Cryptoman Expresses bullishness towards BONE. Cryptoman's tweet, accompanied by a screenshot displaying an impressive 16.73% surge in the value of BONE, serves as a follow-up to his previous post from last month. In that post, he identified a support level for...

A Brief Guideline On The Unspent Transaction Output (UTXO)

3Jul

By Tolulope ZaccheausNo Comments

Crypto Guides

A Brief Guideline On The Unspent Transaction Output (UTXO)

Unspent Transaction Output Known as UTXO is one of the terms used in the cryptocurrency world to refer to transaction input and output. Be that as it may, it is quite important to take into consideration all the necessary terms that you come across as you navigate across the cryptocurrency space as a newbie. this article will give you an overview of the concept of UTXO. Definition of Unspent Transaction Output (UTXO) The Concept of Unspent Transaction Output (UTXO) is the output from a transaction that a user owns and can spend later in another transaction. The core principle of the Bitcoin and blockchain UTXO model structure overall is that The total input for a transaction must be equal to the total output. Read Also: 7 Crypto Exchanges Where You Can Stake Your Digital Asse...

Bitcoin Institutional Fund Accumulation Signals Increasing Confidence in Long-Term Potential

3Jul

By OLAJIDE SAMUELNo Comments

Bitcoin

Bitcoin Institutional Fund Accumulation Signals Increasing Confidence in Long-Term Potential

Institutional investors are displaying a notable surge in their accumulation of Bitcoin, signalling growing confidence in the long-term potential of the leading cryptocurrency. Analysis of fund holdings reveals a clear upward trend in institutional entities' cryptocurrency portfolios, demonstrating their keen interest in acquiring Bitcoin, even at its current price level. This accumulation pattern showcases a patient and strategic approach distinct from the short-term investment strategies employed by other market participants who closely monitor price fluctuations. Read Also: Binance Conducts 11th Terra Classic (LUNC) Token Burn Amid Community Disputes https://twitter.com/cryptoquant_com/status/1675678718659006464 Hedge funds Seeks long-term investment opportunities in Bitcoin He...