Billionaire investor Peter Thiel recently shared some skeptical views on the future potential of Bitcoin. He expressed his belief that Bitcoin may have already hit a plateau in terms of its value, suggesting that significant price increases may not be on the horizon. Thiel’s regret for not investing in Bitcoin sooner reflects his uncertainty about
Crypto
Bitcoin’s recent price movements have been turbulent, with a slight rebound following a recent dip. Santiment’s analysis indicates that there is a prevailing wave of negative sentiment among the crypto community. This growing impatience could be a signal of a potential market turnaround, as extreme pessimism often precedes a price recovery. Key Indicators to Watch
David Portnoy, well-known entrepreneur and influencer, recently shared his intentions to purchase more Bitcoin when the price aligns with his strategy. In a video shared on his X account, Portnoy disclosed the specific price level at which he would consider buying more BTC. As a long-term holder of the cryptocurrency, Portnoy expressed his reluctance to
Bitcoin recently experienced a significant drop in value after hitting $71,000, losing 14% of its value and falling below $60,000. Despite this, there is optimism for a possible reversal in the near future. The current price action suggests a strong buying zone around $58,000, a historical level of support. Additionally, the 200-day moving average, along
In a groundbreaking move for the ApeCoin DAO, ApeChain will now be equipped to support efficient, low-cost zero-knowledge proof verification. This integration with zkVerify, a modular protocol developed by Horizen Labs, is set to revolutionize Web3 gaming on the Jenkins Testnet, known as the Arbitrum Orbit Chain. By leveraging zkVerify’s technology, developers on ApeChain will
In a recent announcement on June 27th, 2024, AdEx revealed the launch of its updated platform, positioning itself as a valuable tool for Web3 advertisers looking to connect with the wider Web2 audience. The new platform comes with several groundbreaking improvements, including the integration of Artificial Intelligence (AI) and Zero-Knowledge (ZK) privacy protocols. Enhancements for
Crypto miner Core Scientific Inc (NASDAQ:CORZ) has recently caught the attention of analysts at BTIG, who have raised their price target for the company to $15 from $10. This increase is based on new data center contracts and the overall growth potential in the Bitcoin mining sector. The BTIG BTC mining basket, which consists of
In the realm of cryptocurrency, political meme coins have been gaining significant traction, with former President Donald Trump leading the pack over his rival, Joe Biden. These tokens, known as “PolitiFi” coins, have seen a surge in volume and value as the upcoming U.S. presidential election approaches. While the market for these tokens is relatively
The recent downward trend in Bitcoin price can be attributed to the significant decrease in mining revenue. Following the reward halving that took place on the Bitcoin network in April, cryptocurrency miners experienced a 50% reduction in their income. This led to many mining companies having to sell off their Bitcoin holdings to cover their
The recent decline in Bitcoin price can be attributed to concerns over U.S. interest rates and anticipation of key inflation data. This has kept traders biased towards the dollar, leading to a 2.4% drop in Bitcoin’s value in the past 24 hours. The overall sentiment in the market is bearish as traders remain skeptical about