MicroStrategy Bitcoin Acquisition MicroStrategy (MSTR), the renowned business intelligence firm, continues to make waves in the crypto markets with its latest bullish move. The company has recently announced the purchase of an additional $147.3 million worth of Bitcoin (BTC), expanding its already impressive holdings to a staggering 158,245 BTC. This strategic acquisition further solidifies MicroStrategy’s…
Understanding Bitcoin Halving Bitcoin halving is a pivotal event that occurs approximately every four years within the cryptocurrency realm. By understanding its mechanics, traders can explore potential avenues for profit in this dynamic market. This article sheds light on Bitcoin halving and how traders can capitalize on its implications. Understanding Bitcoin Halving: What is it…
Bitcoin range formation after $31K rally Not so long ago, BTC’s consolidation which lasted for several months caused some uncertainty on the clear direction of price. According to previous analyses on 3rd June and 18th June, we speculated that BTC was merely preparing for a big move. There were a lot of analysts who shared…
The world of cryptocurrency continues to captivate investors and enthusiasts as Bitcoin miners reach new milestones. In a groundbreaking development, Bitcoin miners have sent a staggering $128 million in revenue to cryptocurrency exchanges. This record-breaking achievement highlights the immense growth and profitability of Bitcoin mining, as well as the increasing integration of cryptocurrencies into the…
Bitcoin’s price has been on a tear in recent days, surging to over $30,000 for the first time since January 2022. The rally has been driven by a number of factors, including growing institutional adoption, increasing investor demand, and positive regulatory developments. One of the biggest drivers of Bitcoin’s recent rally has been the growing…
BlackRock, the world’s largest asset manager, filed for a spot in Bitcoin ETF on June 10, 2023. If approved, this would be a major milestone for the crypto industry, as it would open up Bitcoin to a wider pool of investors. Spot ETFs are physically backed by the underlying asset, in this case, Bitcoin. This…
The past 10 days have been a wild ride for Bitcoin and the crypto market. There have been some positive developments, such as the filing of a spot Bitcoin ETF by BlackRock and the SEC’s temporary deal with Binance.US. However, there have also been some negative developments, such as the Fed’s interest rate hike and…
Bitcoin and Gold are often compared as investment assets due to their perceived store of value and potential to act as a hedge against economic uncertainties. Even though Gold did not directly bring about the inception of Bitcoin, I’d like to think that Satoshi Nakamoto took into consideration the fixed supply and scarcity of Gold…
Bitcoin is a highly influential example of public blockchain viability, demonstrating that a large-scale, decentralized business model can indeed work. Individuals, companies, and organizations have resorted to Bitcoin as a safe haven to combat inflation and a pool of other financial inconsistencies involving the use of fiat currencies. Since Bitcoin was incepted in 2009, there…
Bitcoin is a decentralized digital currency that was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. This digital asset operates on a technology called Blockchain, which is a distributed ledger that records all transactions across a network of computers. Bitcoin is the biggest payment network in decentralized…