Bitcoin Depot, the largest Bitcoin ATM operator in the United States, has reported robust revenues despite the highly volatile nature of cryptocurrency prices.
Bitcoin (BTC), the leading cryptocurrency, recently showcased its resilience by rebounding above $66,270, a significant recovery from a recent low of $62,000. This downturn was initially triggered by the onset of the Iran-Israel conflict, causing substantial liquidations among crypto investors. With that in mind, Bitcoin price prediction seems bearish, ahead of Bitcoin haling event.
BlackRock’s Bitcoin exchange-traded fund (ETF) stands out as the sole spot Bitcoin fund in the United States to experience inflows in the first day of the week, while other ETFs have reported either zero inflows or even outflows.
Norway is introducing a new legislation to regulate data centers nationwide and provide oversight on the activities of BTC miners, according to local Monday reports.
Popular Bitcoin critic Peter Schiff predicted on April 14 a potential slump in BTC’s price to $20K. He also warned that Microstrategy, the largest corporate holder of Bitcoin, could potentially lose an estimated $2.7 billion if the price crashes.
Bitcoin price prediction analyses see BTC trading at $64,950, up by nearly 2.50% amidst ongoing Middle East tensions. The volatile environment influences Bitcoin‘s market behavior, testing crucial support levels.
The Australian Securities and Investments Commission (ASIC) has received a nod from a Federal Court to appoint receivers for digital assets held by a group of collapsed crypto mining companies and their sole owners.
In 2017, a meme of Christian Langalis went viral after he held up a “Buy Bitcoin” sign during Federal Reserve Chair Janet Yellen’s Congressional testimony.
According to Grayscale, recent inflation figures may have a short-term negative impact on crypto, but continuous inflation will ultimately increase sentiment towards cryptocurrency.
Bitcoin mining equipment manufacturer Auradine has raised $80 million in a Series B funding round to expand its footstep in blockchain, security, and artificial intelligence industries.
This year’s massive crypto rally was driven by the Bitcoin spot market, with on-chain analysis offering a unique look into the current state of the market cycle, according to Glassnode’s Tuesday report.