As Bitcoin prices plummet 11% this week, experts are wondering how far down BTC prices can go. With price volatility continuing, investors are anxious for answers as they assess the risk of further losses.
Cryptocurrency platform Rune has seen strong weekly growth of 30%, despite pressure from ongoing market uncertainty. BTC has yet to find a foothold above the $26,000 mark, leaving investors hesitating to re-enter crypto markets.
The launch of Europe’s first Bitcoin Exchange Traded Fund (ETF) has been met with disappointment as BTC prices dropped $1.5K since its debut. But could Bitcoin ETFs be “sell-the-news” events? Investors will need to assess if these new instruments service the crypto market effectively.
XRP, the world’s fourth largest cryptocurrency, is quickly gaining traction due to its low fees and fast transaction times. Analysts predict XRP could soon surpass Bitcoin, Ethereum, and Cardano in becoming the leading payment cryptocurrency.
In Q2 of 2020, TeraWulf’s self-mined BTC output increased significantly; concurrently, Hut8 is looking to merge with US Bitcoin Mining Corp. to allow it to gain further BTC mining power.
BTC failed to reach the $30K mark as bears aggressively sold and pushed the price back to $28.5K. Analysts suggest the benchmark cryptocurrency is rangebound and unable to exceed the key psychological level.
Speculators are bullish on Bitcoin futures as open interest, the number of contracts outstanding, reached levels not seen since late-2020, while trading volume fell to its lowest levels year-to-date.
BTC Inc. has announced that Marathon Digital Holdings, Inc., a leading digital asset technology company, has become a main sponsor of The Bitcoin Conference from 2020 to 2027. This eight-year agreement promotes the growth of the BTC ecosystem.
A leading figure in the Bitcoin world has bet a surprising sum of money that the currency will hit $100K before its next halving, an event expected to take place in May 2020.
Bitcoin miners have revealed the cost of mining a single bitcoin. According to Bernstein Research, mining one BTC can cost anywhere from $3,000-$17,100. The analysis also found that electricity costs can make up 90-94% of total mining costs.