Institutional investors take advantage of the Bitcoin price correction to accumulate the asset
According to an analyst at BlueBenx, digital currency needs to be evaluated based on three financial market trends that consider the performance of an asset in the short, medium and long term. The first quarter of the year was marked by euphoria and optimism in the crypto assets market. In April, Bitcoin surpassed US$ 63,000 […]
Chinese Bitcoin miners ‘don’t even feel like drinking anymore’
In China, Bitcoin mining is no longer as profitable as it once was. In fact, many miners have already packed up their bags and left the country in search of greener pastures. According to a recent report by Quartz, some of the largest Bitcoin mining facilities in China have seen a drastic decrease in operations. […]
Bitcoin is the king of cryptocurrencies and is here to stay’ says eToro CEO
As the value of Bitcoin soars to new highs, there is no doubt that the cryptocurrency is here to stay. This is according to eToro CEO Yoni Assia, who believes that Bitcoin is the king of all cryptocurrencies. “Cryptocurrencies are here to stay, and Bitcoin is leading the pack,” said Assia. “Despite some bumps along […]
Bitcoin soars again after plunging to the lowest price in 2021
Bitcoin rose on the morning of Wednesday (23), after sinking below $ 30,000 and reaching the lowest price of 2021, yesterday (22). The cryptocurrency was accelerating above $34,000 toward the value it traded in the four weeks before it plummeted. Around 10:00 am (GMT), the world’s largest digital currency advanced 4.9% to $34,199. (Bitcoin soars […]
Elon Musk and China are unable to destroy’ bitcoin
Bitcoin has been testing the $40,000 for about a month, after hitting a historic high of $65,000 in mid-April. Although the currency registered a 285% increase in the last 12 months, it has fallen around 18% in 30 days. In May, Elon Musk’s Tesla revealed it had bought $1.5 billion worth of bitcoin and would […]
Research shows that Americans choose gold over Bitcoin for the next 10 years
It seems that Americans still don’t have that much confidence in Bitcoin. A recent survey found that more Americans are willing to invest in gold than in BTC over the next ten years. The survey was conducted by Bankrate, a consumer financial services company based in New York. And it shows a good difference between […]