bitcoin price Prediction Archives

Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Price Analysis Cryptocurrency: Bitcoin ETF Demand Soars, But $52,000 Resistance Looms

Price Analysis Cryptocurrency: Bitcoin ETF Demand Soars, But $52,000 Resistance Looms

Crypto News and Updates / Logan / February 18, 2024

Bitcoin’s price has recently experienced a hefty surge, crossing the $52,000 mark. This sharp increase reflects a vigorous demand for Bitcoin exchange-traded funds, which, as per CryptoQuant, make up over 75% of fresh Bitcoin investments. Yet, the price analysis cryptocurrency indicates a potential resistance around the $52,000 mark, hinting at an imminently saturated market. While it’s difficult to pinpoint when this surge will climax, history has taught us that every euphoric period in the cry

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin Mining Difficulty Skyrockets Ahead of Imminent Halving Event

Bitcoin Mining Difficulty Skyrockets Ahead of Imminent Halving Event

Crypto News and Updates / Logan / February 18, 2024

The impending fourth Bitcoin halving event has triggered an over 8% increase in Bitcoin mining difficulty, recording a new all-time high. This alteration, which adjusts every 2,016 blocks according to miner count, maintains the block production ratio as more miners join. Despite cryptocurrency restrictions in China and a bear market in 2022 and 2023, the Bitcoin mining difficulty has quadrupled since February 2021, exceeding 81T. This surge indicates the steadfastness of the Bitcoin network, par

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Crypto Market Valuation Soars to $1.45 Trillion & Bitcoin Price Prediction hits $130,000

Crypto News and Updates / Logan / November 25, 2023

Bitcoin, the leader in the world of cryptocurrencies, has set a ‘Bitcoin new record’ by witnessing a price increase to $38,400. This significant achievement can be attributed to various factors, including the expected approval of the BlackRock Bitcoin Spot exchange-traded fund (ETF) and rumours surrounding BlackRock’s impact on Bitcoin’s price through substantial buying pressure on Coinbase. This record-breaking achievement has not only elevated Bitcoin’s value but also led to a rise in other pr

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Binance’s DOJ Settlement Fuels Bitcoin Price Increase

Crypto News and Updates / Logan / November 23, 2023

Binance’s settlement with the US Department of Justice has triggered a significant increase in Bitcoin’s price. This development has reignited traders’ hopes for the approval of a spot Bitcoin Exchange Traded Fund (ETF), which is expected to bring substantial capital into Bitcoin, thereby driving up prices across the crypto market. Despite Binance co-founder Changpeng ‘CZ’ Zhao’s guilty plea and a hefty $4.3 billion settlement, the market noticed Binance wasn’t suffering from a massive funds exo

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Differing Opinions on Bitcoin's Future Amid Expectations of ETF Authorization

Differing Opinions on Bitcoin’s Future Amid Expectations of Bitcoin ETF Authorization

Crypto News and Updates / Logan / November 13, 2023

The crypto community eagerly awaits the US approval of Spot Bitcoin ETFs, anticipating it could launch a bullish Bitcoin surge. However, noted economist Peter Schiff counters this optimism, projecting a Bitcoin crash ahead of the SEC’s approval of spot Bitcoin ETFs. He recently used a social media survey to predict when the next Bitcoin downturn might occur. Despite most of his followers thinking the crash will happen post-ETF approval, Schiff asserts it will take place beforehand.

Sch

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