Some analysts recently weighed in on Bitcoin price prediction as the prominent token appears set to embark on another rally.
High-impact news, including the CPI release and the US banking crisis, significantly contributed to Bitcoin price topping $26K.
Bitcoin hit an upswing ahead of the Fed’s inflation-focused meeting on March 22nd to decide rate hikes.
BTC price is 8% up in the past 24 hours and is trading at around $24,000.
The Fed and the FDIC have assured depositors that they could withdraw money from Silicon Valley Bank thereby instilling some confidence among crypto investors.
Along with the Silvergate contagion, the negative sentiment on Wall Street has contributed further to a steep correction in the crypto market.
The proposed NUSD stablecoin won’t depend on any USD reserves. Instead, it will solely depend on derivatives exchanges that list liquid inverse perpetual swaps, Hayes said.
TeraWulf is currently on an aggressive expansion and is planning to have a total operational capacity of 50,000 miners (5.5 EH/s) in early Q2 2023, which is nearly 160MW of power demand.
World-leading cryptocurrency miner Argo Blockchain recorded increased Bitcoin production despite the rise in network difficulty.
Yuga Labs has confirmed that the top 288 bidders will receive their inscriptions within the week.
With the new outfit, Block Inc will now have a defined presence, not just as a promoter, but as a major stakeholder in the Lightning Network ecosystem.
The company announced that it would continue adding more Bitcoin miners this year.
The Riot 2022 reports showed that the Bitcoin miner tripled its hashrate capacity to an all-time high of 9.7 EH/s.
Nearly a decade after, the end Mt.Gox case will solve historical injustice on early Bitcoin and crypto investors who lost potential high profits over the years.
The collection may be one of the highest-profile launches on Ordinals to date.