Bitcoin Keeps Bleeding And Nears $40K, 4 Scenarios For Q1 2022
Bitcoin starts yet another 2022 week in the red with a 2% loss in 24 hours and a 13.5% loss in 7 days. The benchmark crypto has been on a downtrend since the end of 2021 and could potentially dip further due to macroeconomic factors. Related Reading | TA: Bitcoin Key Indicators Suggest A Strengthening Case For More Downsides At least, the above seems to correspond with the general sentiment in the market. The U.S. Federal Reserve is turning more hawkish due to a rise in inflation metrics, hitting new highs for the first time in 40 years. Thus, turning potential price expectations for....
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Well over a decade ago, on January 3, 2009, the size of the Bitcoin blockchain was 0.285 kilobytes (kB) or around 285 bytes. Today, however, the blockchain’s ledger is nearly half a terabyte, or roughly 432 gigabytes. Bitcoin’s Blockchain Nears 500 Gigabytes in Size On October 15, 2022, the Bitcoin (BTC) blockchain is getting closer to reaching 500 gigabytes, or roughly half a terabyte of space, in order to store the entire distributed ledger’s history on a drive. At the time of writing, storing the entire BTC blockchain requires more than 432,000 megabytes (MB) or 432....
Analyzing Federal Reserve policy decisions in addition to data from the purchasing managers’ index can give us three scenarios for the bitcoin price.
The federal government of Russia should be ready with different regulatory scenarios for the country’s crypto market by the end of next working week, documents from a recent meeting have indicated. The executive power in Moscow favors regulation over the prohibition of cryptocurrencies and related activities. Government Inclined to Legalize Rather Than Ban Cryptocurrency in Russia The Russian government, which is hosting the ongoing debate on the future of decentralized digital money in Russia, is going to produce alternative scenarios for crypto regulation by Feb. 11. The Russian....
Bitcoin was up 30% the past week. Long awaiting but finally it has broken through the psychologically important US$500 mark. The price has been stagnating between $400 and $500 in the past month. Bitcoin price is really volatile but lets hope that this volatility happens over $1.000 really soon. In the cryptocurrency world everything is around the exchange rates. The segment leaders and the economist are being asked about prediction at all times about the future and expected rates. Let’s see 8 scenarios and the potential value of one Bitcoin according to those scenarios.
Ki Young Ju, CEO of blockchain analytics firm CryptoQuant has expressed strong support for Binance founder Changpeng Zhao (CZ) as he nears the end of his detention. The former Binance CEO and influential crypto figure is currently serving a four-month sentence after pleading guilty to violating the US Bank Secrecy Act (BSA) in November 2023. […]