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A new survey shows that institutional investors expect “a strong year ahead for bitcoin” and are confident about the cryptocurrency’s long-term valuation. In addition, 65% of institutional investors surveyed agree…
Bitcoin price has been on a tear, but analysts warn that resolving the U.S debt limit issue could trigger sharp downside for risk assets like BTC.
Persistent worries about Binance’s solvency, increased regulation of the crypto sector and questionable use cases are chipping away at BUSD’s market capitalization.
The EV maker continued to hold its estimated 9,720 Bitcoin, only losing $34 million on its investment due to price declines towards the end of 2022.
Bitcoin miners came under significant pressure during the bear market; however, Blockstream said institutional hosting customers were more “resilient.”
To this day, the exact identity of Satoshi Nakamoto remains a mystery.
Bitcoin’s prolonged breakout above $22,000 is easing pressure on razor thin profit margins for BTC miners.
The bullish market sentiment, aided by the price rebound, has also let many analysts believe that the Bitcoin price bottom is in.
Right now, Bitcoin is a day away from matching a nearly 10-year-old record and Ethereum could hit a significant milestone by Q2.
An increase in Bitcoin trading volume and positive on-chain data appear to be the primary forces behind BTC’s newfound strength.