Bitcoin Slips to $65K Amid Stronger Dollar, But Analyst Says the ‘Pullback Is Over’
Bitcoin could consolidate first before reclaiming the $69,000 level to reignite its uptrend, one trader noted.
Bitcoin could consolidate first before reclaiming the $69,000 level to reignite its uptrend, one trader noted.
The broker expects a 7% reduction in hashrate post-halving from shutdowns versus 15% earlier, the report said.
The cryptocurrency does not operate in a vacuum, and its price is also affected by non-crypto influences, such as macro factors, the report said.
The latest in blockchain tech upgrades, funding announcements and deals. For the period of March 21-26.
The latest in blockchain tech upgrades, funding announcements and deals. For the period of March 21-26.
The approval of Bitcoin ETFs in January was a catalyzing event for crypto, says Gregory Mall, head of investment solutions at AMINA bank. How will the upcoming halving affect markets going forward and which projects are likely to win out over the long-term?
Several months ago, the halving was expected to take place on April 28; now it’s on track to land on April 15. Blame the surge in bitcoin’s price, which has attracted more mining power and sped up the network.
The firm partnered with CFTC-approved exchange Bitnomial to offer cash-settled hashrate futures.
The latest price moves in crypto markets in context for March 19, 2024.
Japan’s state pension fund, GPIF, is seeking information about bitcoin as part of a broader strategy initiated in response to significant economic and societal changes and technological advancements.