Bitcoin - Coinanalytics

According to the IMF, Bitcoin is now a vital financial tool for protecting wealth in unstable financial markets

04/19/2024 by coinanalytics.tech

The IMF claims that citizens of nations with stringent financial laws are using Bitcoin to transfer money more freely across borders. In the midst of worldwide financial instability, Bitcoin (BTC) is becoming an increasingly important conduit for cross-border financial movements, according to a recent International Monetary Fund (IMF) research.The paper, titled “A Primer on Bitcoin … Read more

According to JPMorgan, Bitcoin is Likely to Decline After the Halving

04/19/2024 by coinanalytics.tech

According to the bank’s examination of open interest in bitcoin futures, there is still overbought demand for the cryptocurrency. JPMorgan stated that it anticipates a decline in bitcoin following the reward halving. According to the bank’s study, the bitcoin market is still overbought. The report stated that miners will be the most impacted by the … Read more

BTC and ETH Rises, As Hong Kong Bitcoin ETF Applicants Announce Approval

04/17/2024 by coinanalytics.tech

Hong Kong has granted approval for applications of spot Bitcoin (BTC) and Ethereum (ETH) ETFs (Exchange Traded Funds). This marks the second region to do so in 2024, following the historic decision by the Securities and Exchange Commission (SEC) in the US to approve 11 spot BTC ETFs. However, while the US has given the … Read more

A $10-billion hit to cryptocurrency miners could result from Bitcoin’s “halving”

04/17/2024 by coinanalytics.tech

A software upgrade known as the “halving” that occurs once every four years has long been considered by Bitcoin aficionados as one of the keys to maintaining the cryptocurrency’s value. This time, it’s also expected to result in multibillion-dollar income drops for the very businesses that guarantee the seamless operation of the digital currency, following … Read more

Bitcoin halving expected on April 20, Price surges to $70k

04/13/2024 by coinanalytics.tech

Bitcoin is preparing for its highly anticipated ‘halving’ event, which is expected to occur around April 20th. This event is widely regarded as one of the most eagerly awaited events in the cryptocurrency market and has recently caused a significant increase in the price of the digital asset, as reported by Bloomberg. Despite experiencing a … Read more

Bitcoin: The digital Gold

04/07/2024 by coinanalytics.tech

Table of content 1. Bitcoin and Gold 2. Definition, characteristics and historical evolution of Bitcoin and Gold 3. Bitcoin and Gold: The Similarities 4. Pros and Cons of Investing in Bitcoin and Gold 5. Security and Accessibility of Bitcoin and Gold 6. Regulatory Environment 7. Potential Challenges and Opportunities 8. Bitcoin Over Gold 9. Conclusion … Read more