This resurgence in Bitcoin price is partially credited to the uptick in holdings among whale wallets containing over 1,000 Bitcoins.
As block rewards will reduce by 50% after Bitcoin halving in April 2024, BTC miners are selling heavily to finance the purchase of more efficient mining rigs.
MicroStrategy acquired extra 850 Bitcoins for $37.2 million in January despite the poor stock performance since the beginning of the year.
The trial is also examining certain documents that are connected to Craig Wright’s supposed involvement with cryptocurrency before BTC was introduced.
CleanSpark plans to acquire a facility in Dalton, Georgia, with an initial $3.4 million payment. An additional $3.5 million investment will complete the project by April, expanding Dalton presence to three sites.
BTCFi comes when the overall market sentiment surrounding crypto, particularly Bitcoin, is overly positive. The foremost crypto asset is expected to undergo its four-year halving event in April 2024.
Cathie Wood stated that Bitcoin is generally easier to purchase than gold, or at least it appears that way to consumers.
Majority of the images were acquired by whitelisted investors during a five-hour exclusive buying period on Monday. Additionally, 313 collectibles were snapped up within the first two seconds of the public mint.
Analyst Markus Thielen draws attention to the correlation between US presidential election cycles and Bitcoin halving years, which have historically been bullish for BTC price.
Observers await the fourth BTC halving, anticipating it as the catalyst for the next bullish event to boost Bitcoin price.
Despite concerns from opponents, Bukele’s popularity is largely attributed to his security strategy, which led to a reduction in gang-related violence.
NYCB’s share price has tanked 40% within two days amid strong stress on its real-estate portfolio causing investor panic.
The vice president added that if reelected, Bukele’s government will proceed with plans to launch Bitcoin-backed bonds this quarter.
Cathie Wood-led Ark Invest believes Bitcoin price will rally exponentially in the confirmed bull cycle as more investable global assets amounting to $250 trillion proliferate to the digital asset class.
Hayes revealed that a weekend bailout could impact the price action of Bitcoin.