Currently, analysts are trying to determine the future direction of the main cryptocurrency, whose price this week is experiencing increased volatility. For example, on February 20, BTC set a 24-hour high at $52,900 and a daily low at $50,950. The day ended with fluctuations in the $52,000 range.
IntoTheBlock's Chief Research Officer, Lucas Outumuro, highlighted five key factors that, in his opinion, will contribute to Bitcoin's growth beyond the $70,000 mark.
Billionaire Peter Thiel has once again invested his funds in Bitcoin. Throughout 2022, he earned $1.8 billion in cryptocurrency. His Founders Fund invested $200 million in Bitcoin and Ethereum in 2023, according to Reuters, citing sources close to the businessman. Thiel's investment instincts played...
Stephen McClurg, the Chief Investment Officer of Valkyrie Funds, anticipates the closure of several Bitcoin ETFs. According to him, the number of active Bitcoin ETFs will decrease by the end of 2024 as the number of creators of these derivatives decreases from 10 to 7-8. This is attributed to high a...
Beijing is set to implement a fresh policy aimed at reinforcing efforts to conserve energy across various aspects of the city's operations, with a focus on reducing carbon emissions and pollution. The strategy intends to heighten scrutiny on Bitcoin mining activities to curtail its impact.