Noteworthy developments are swirling in the
crypto sector. A future
U.S. Dollar Collapse Warning by the IMF has piqued interest in cryptocurrencies like
Bitcoin, Ethereum and XRP. Meanwhile, market watchers observe Bitcoin poised for a decisive move, with trading strategies sparking debate amidst conversations of
Bitcoin ETFs.
Australian securities exchange approved its first spot Bitcoin ETF, a move hinting at broader adoption in the financial industry.
Deutsche Telekom, one of the international telecom giants, is not only running nodes but has also expressed interest in
mining Bitcoin, adding to the coin's mainstream credibility.
On the price front, prospects for Bitcoin range from reaching $200,000 by 2025 to $1M within 10 years according to Bernard Bernstein. Amid these optimistic forecasts, Bitcoin recently plunged to $65,000, providing a slight jolt to the market.
On US policy front, the Biden Administration is planning to attend a
Bitcoin Roundtable with key congressional officials in DC. In other news, Chinese telecom provider Coolpad announced a $13.5m investment in bitcoin mining rigs dedicated to North America operations, indicating broader global participation in cryptocurrency industry.
Despite recent volatility in Bitcoin’s price, MicroStrategy continues to stick with its strategy, raising $500M to buy more Bitcoin. Speculations about Bitcoin whales protecting BTC from a $48K downside target are also gaining traction.
Bitcoin News Analytics from Thu, 09 May 2024 07:00:00 GMT to Sun, 16 Jun 2024 15:28:29 GMT -
Rating +6
- Innovation +7
- Information +8
- Rumor -2
