The recent approval of spot Bitcoin ETFs in mid-January sparked a significant surge in the crypto markets, with total capitalization increasing by a trillion dollars and Bitcoin reaching a new all-time high. However, Ethereum has struggled to surpass the $4,000 level convincingly, raising concerns among investors and analysts about its future prospects. Despite initial optimism,
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With the European trading hour in full swing, Bitcoin has soared past $71,000, surpassing its previous all-time high set just last week. The driving force behind this surge can be attributed to several critical factors that have renewed investor confidence and sparked a flurry of buying activity within the cryptocurrency market. One of the key
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The recent surge in Bitcoin transaction fees has caught the attention of market participants, with fees doubling in just one week. While many may attribute this surge to the upward trajectory of Bitcoin’s price, it is essential to consider the significant influence of Ordinals transactions in driving this trend. Ordinals transactions, which started the week
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The Stanford Blyth Fund, managed by students at the university, made a significant investment in Bitcoin (BTC) at a price of $45,000 in February. This decision came after a presentation by Kole Lee, a computer science major and leader at the Stanford Blockchain Club, who recommended allocating 7% of the fund’s portfolio to Bitcoin. Established
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Russia, as a prominent member of the BRICS alliance, recently unveiled plans for the development of a new blockchain-based payment system aimed at revolutionizing trade settlements among member nations. This initiative signals a strategic move to establish an independent mechanism for conducting transactions within the BRICS framework. Kremlin aide Yury Ushakov highlighted the importance of
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Bitcoin’s price is currently showing strong signs of surpassing its previous all-time high, reaching toward the $70K level. As the cryptocurrency market enters uncharted territories, predicting its future upside potential becomes increasingly complex. Technical and on-chain analysis can provide some insights into the possible trajectory of Bitcoin’s price in the coming months. Potential Targets and
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