Bitcoin is the world’s largest cryptocurrency, and its price is notoriously volatile. It is common for Bitcoin to experience significant price swings, both up and down. On November 4, 2023, Bitcoin is down approximately 0.03%. This is a relatively small price movement, but it is still worth asking why Bitcoin is down today. There are…
Bitcoin (BTC) price cooled off after an impressive 30% monthly gain in October 2023. However, MicroStrategy CEO Michael Saylor remains bullish on BTC, saying that “you can never have too much Bitcoin.” Saylor’s bullishness on Bitcoin is based on his belief that it is a superior form of money to fiat currencies. He has said…
The cryptocurrency market is notoriously volatile, but that hasn’t stopped analysts from making price predictions for Bitcoin and other cryptocurrencies. Here are five of the most popular BTC price predictions for 2024 and beyond: $45,000 by the end of 2023, with post-halving BTC price targets reaching a giant $250,000. This prediction comes from Matrixport, a…
Bitcoin’s halving event is scheduled to occur in April 2024, and it is one of the most anticipated events in the crypto market. Halvings occur every 210,000 blocks mined, which is roughly every four years. During a halving, the number of bitcoins rewarded to miners is reduced by half. This reduction in supply is expected…
On November 1, 2023, CME Bitcoin futures hit an all-time high of $3.65 billion in open interest. This metric measures the total value of all outstanding Bitcoin futures contracts, regardless of their expiration date. The record-breaking open interest suggests that institutional investors are increasingly interested in Bitcoin derivatives. However, it is important to note that…