Over the past few years, Bitcoin has captured the attention of institutional investors, leading to a surge in the number and capitalization of publicly traded Bitcoin mining companies, with heavyweights like BlackRock joining the fray. Despite this growing interest, the sector faces significant hurdles. Recent data indicates a collective loss of $2.75 billion across 17…
Bitcoin is known for its wild price swings. This is due to various factors like supply and demand, public opinion, regulatory shifts, and media attention. Essentially, Bitcoin’s volatility is measured by how much its price varies over a certain time, a concept known as standard deviation. This volatility can be a double-edged sword for investors,…
Sergey Nazarov, the co-founder of Chainlink, is pretty excited about the potential of blockchain tech, smart contracts, and Oracle networks. He believes they’re going to be a big deal in digitizing value as the web3 industry takes off. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is already making waves, with various organizations using it to safely move…
It’s been a full decade since a quirky Bitcoin fan birthed a phrase that’s now a staple in the crypto world: the “HODL” meme. Rewind to December 18, 2013. On this day, a BitcoinTalk user named GameKyuubi decided to post in the forums amid a significant Bitcoin price drop to $420, a stark contrast to…
The crypto scene has calmed down a bit after its rally since mid-October, with Bitcoin’s price just managing to stay over $41,000 as of Monday. The downturn began early last week, but there was a brief resurgence on Wednesday when the Federal Reserve hinted at three rate cuts in 2024. However, this recovery was short-lived,…
Lately, Bitcoin’s price has been playing it cool, just chilling after a period of really stepping up its game. Right now, it’s like we’re all on the edge of our seats, watching to see if it’s going to keep climbing or take a bit of a dive. Let’s dive into some technical analysis by TradingRage….
