Bitcoin enthusiasts see the downfall of Silicon Valley Bank (SVB) as a silver lining for BTC, reminiscent of the 2013 Cyprus debacle that exposed deep cracks in the fractional reserve banking model. That fiasco spotlighted bitcoin’s virtues as a decentralized, censorship-resistant alternative, a financial refuge beyond the fragile grasp of centralized banks. Market analysts Joe…
Opportunities to prove bitcoin skeptics wrong have been plentiful throughout the first half of 2021. Most notably, this rollercoaster ride hit a dramatic twist last Sunday, when bitcoin’s value plunged to $47,073.37 — a steep dive from its freshly minted all-time peak of $64,888.99, set just 11 days prior. What Does a Bitcoin Bear Market…
On Tuesday afternoon, Bitcoin BTC$111,445.47 rocketed beyond the $93,000 mark, soaring by nearly 7%. This upswing came amid a fresh wave of investor confidence and budding hopes for easing tensions in the U.S.-China tariff saga. Yet, CryptoQuant, an analytics powerhouse, cautioned that some challenges remain that could limit further gains. Trade Truce Talk Sparks Market…
Speaking on CNBC Thursday, ARK Invest’s visionary leader, Cathie Wood, projected bitcoin [BTC]—the globe’s dominant cryptocurrency by market cap—to potentially hit a staggering $1.5 million by 2030, a bullish forecast that nudges her earlier $1 million estimate upward by 50%. “This SEC nod has ramped up the odds for our bull scenario. It’s an unequivocal…
Over the last day, Bitcoin nudged down a slight 0.11% to sit at $116,702, per CoinDesk figures, yet it still boasts a robust 25% climb year-to-date—only gold has edged it out with a 29% surge among the heavyweight asset categories, according to financial strategist Charlie Bilello’s data shared on X. This year, these two champions…