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Andrew Tate has announced that he plans to abandon fiat currency and invest in Bitcoin. In a post to X, Tate says he plans to invest over $100M in Bitcoin. I know I’m not supposed to do this in chaotic times but I’m about to leave fiat completely and ape over 100M into btc . And I’ll even prove I did it. I’m done with the banks. I’m done with their money. Done with the scams. Then I’m going boating. — Andrew Tate (@Cobratate) May 15, 2024 “I’m done with the banks. I’m done with their money. Done with the scams,” Tate says in his post. The US dollar has been widely criticized over the past year for losing value, in part due to growing inflation and interest rate hikes. Tate’s decision would be big, as he has a substantial net worth in USD. Additionally, Tate mentioned in a follow-up post that he hasn’t finalized this decision yet because he has more cryptocurrency than fiat. However, he says that he might “leave fiat completely....

Bitcoin price rose to near $64,000 as stock futures climbed. The upside came after US inflation data showed consumer prices rose less than expected in April. Algotech, a new crypto trading project, continued to attract investors as its presale crossed $4.8 million. As stock futures rose on Wednesday, Bitcoin price jumped more than 2% to break above $63,700. The benchmark cryptocurrency’s rise towards $64,000 saw altcoins flip green. Amid the gains for alts such as Ethereum, Toncoin and Avalanche, new Crypto project Algotech swelled in presale. Bitcoin surges as CPI rises less than expected On Wednesday, data on inflation showed that the consumer price index (CPI), the US Federal Reserve’s preferred inflation gauge, only rose 0.3% in April. That was lower than the expectation of 0.4% for the month-on-month increase, CNBC reported. While the inflation reading remains above 3%, its overall dip to 3.36% year-over-year in April from the 3.48% repo...

According to on-chain data, a Satoshi era wallet has suddenly moved 500 BTC. The Bitcoin wallet last transacted when the BTC price hovered near $8. On-chain data shows a Bitcoin wallet that last transacted nearly 12 years ago has suddenly moved all 500 BTC it held. According to data Lookonchain shared on March 30, the said wallet had been inactive since July 2012. The last transaction that sent the 500 BTC to the wallet was at a time when Bitcoin price was a mere $8, Lookonchain noted. A wallet that had been dormant for 11.7 years transferred all 500 $ BTC ($34.78M) to multiple new wallet s. This wallet received 500 $BTC($3,786 at the time) on Jul 14, 2012, when the price of $BTC was only $7.57. Address: 1LUDXsAT6fQypinRbqVKatMiAbv6o9HjBc pic.twitter.com/zP3A3GlQHT — Lookonchain (@lookonchain) March 30, 2024 While the wallet owner’s identity is unknown, the transfer to new addresses comes as Bitcoin price hovers around $70k. The benchma...

After a brief period of fluctuating prices, analysts breathed a sigh of relief after Bitcoin appeared to be holding steady for now. The coin’s stable price, however, played a spoilsport for memecoins Dogecoin (DOGE) and Shiba Inu (SHIB), both of which witnessed a pullback.  According to market experts, the recent events might be linked to the rising popularity of spot crypto funds which were launched in the US. After a long regulatory tussle over ETF acceptance criteria , these financial products finally saw the light of day and have attracted huge volumes of investment since January. Among altcoins, experts are seeing bullish indications for both InQubeta (QUBE) and EOS (EOS) . The two crypto currencies have drawn experts’ attention with their consistent growth. While Eos is a developer-friendly platform, InQuebeta is a crowdfunding portal for AI startups.  What’s helping InQubeta generate global interest is its ICO gains, which rec...

Bitcoin skyrocketed in price touching a new high of $73,737 during mid-March this month. The phenomenal spike also led Shiba Inu to hit a new yearly high of $0.00004282 at the same period. The sudden spurt in price for Shiba Inu comes on the heels of the Bitcoin halving event. Also Read: Shiba Inu: Investment of $4,400 Grows To $50 Million Today For the uninitiated, the Bitcoin halving event is scheduled to take place next month on April 20, 2024. The event will make the supply of BTC cut into half making the cryptocurrency scarcely available. The development will make Bitcoin further shoot up in price as the demand will be high with limited supply. The move will make not only Bitcoin but also Shiba Inu and other leading cryptocurrencies sustainably scale up in the indices. Shiba Inu: What Will SHIB’s Price Be Post Bitcoin Halving? Source: Watcher Guru Leading on-chain metrics and price prediction firm CoinCodex has painted a rosy picture for Shiba Inu. According to t...

Bitcoin (BTC) has once again captured the spotlight as it skyrockets to unprecedented heights. Over the weekend, the king coin shattered its previous records and soared to new heights. As of the latest update, BTC is trading at an impressive $71,128, marking a notable 2.53% daily surge. The asset is tantalizingly close to breaching the $72,000 mark, demonstrating its robust bullish momentum. Source This surge follows a brief dip below $68,000 earlier in the day. However, as the new week unfolds, market participants are eagerly re-entering the fray, propelling the price upwards once again. Bitcoin’s ability to consistently reach new all-time highs, such as the recent milestone of $70,000, indicates a strong underlying support for the ongoing rally, particularly in anticipation of the impending halving event. The concept of “FOMO” (fear of missing out) is expected to play a pivotal role in driving Bitcoin’s rally further. With each new record reached by ...

Former US Presidential candidate Robert F. Kennedy Jr. embraced Bitcoin last year making it a centerpiece of his political campaign. Kennedy Jr. hailed Bitcoin as a financial savior of the American middle class and embraced the broader cryptocurrency market. He also stressed that he could make Bitcoin a legal tender in the US if he’s elected President in 2024. Robert Kennedy Jr. was seen at the Denver Crypto Conference talking about Bitcoin while wearing a Shiba Inu shirt. Also Read: Cryptocurrency: Top 3 Coins to Buy Under $0.01 For Stellar Profits A picture of Robert Kennedy Jr. in a white shirt with the Shiba Inu logo has ruffled a lot of feathers in the cryptocurrency market. While some investors praised him for being diverse, others lashed out at him for ignoring Bitcoin. Robert F. Kennedy Jr. Weaves A Tale of Cryptocurrency, Bitcoin, & Shiba Inu Source: Spectrum News Author and Bitcoin maximalist Sunny Decree took to Twitter to express his frustration abou...

Bitcoin (BTC) is rallying in the heavily in the charts and touched a yearly high of $68,912 on Tuesday. BTC delivered stellar returns in the last 30 days surging in price by nearly 50%. The leading cryptocurrency saw an influx of funds after the SEC approved the BTC ETF early this year in mid-January. BTC’s spike in price lifted the broader cryptocurrency market to new yearly highs where altcoins like Cardano’s ADA, Ripple’s XRP, and VeChain’s VET delivered handsome profits to investors. Meme-coins such as Shiba Inu, Dogecoin, Pepe, and BONK nearly went to the moon with more than 100% returns. Also Read: Ripple (XRP) Forecasted To Climb Above $1.7: Here’s When Now that Bitcoin is heading north, will the king cryptocurrency climb above its all-time high of $69,044 level? In this article, we will highlight a price prediction on how high BTC could trade in the next 12 months or more. Bitcoin (BTC) Might Reach $87,000: Predicts Finder Experts Sourc...

A new research project by ByBit has brought forth interesting insights. The report outlines that Bitcoin and Ethereum are top choices for institutional investors to explore and hold. The research also shows that investors are actively exploring Ethereum, touting it as the next breakthrough crypto coin.  Bybit’s research further elaborates on the reasons for the increased interest of investors in ETH. The report says that upcoming advancements in the ETH blockchain are poised to help Ethereum gain better market momentum.  Also Read: Ethereum: How High Can ETH Go in March 2024? Why Ethereum? Bitcoin’s remarkable market rally and its recent $57K touchdown are proof enough for investors to hold BTC in the near future. However, the sudden inclination of investors towards Ethereum has stirred a flurry of reactions.  The report streamlines how investors are keenly looking forward to Ethereum’s technological advancement in terms of upgrades and updates....

Sei (SEI) Sui (SUI) and THORChain (RUNE) were among biggest decliners on Thursday as Bitcoin and Ethereum struggled. Declines for BTC came amid ongoing sell-off from Grayscale, which had deposited over $1.7 billion in BTC to Coinbase Prime since January 12. The crypto market flipped red on Thursday afternoon as Bitcoin price fell below $41,500 again. Altcoins were also struggling, with Ethereum below $2,500 as the global crypto market cap shrunk by about 2.4% to $1.71 trillion. Among the biggest losers on the day were Sei (SEI), down 15%; Sui (SUI) down 10%; and THORChain (RUNE), down 13% at the time of writing. Grayscale dumping BTC amid ETF redemptions The crypto downturn came as Grayscale transferred another 9,840 BTC worth $418 million to Coinbase Prime, with the total amount of BTC moved from the G BTC ETF issuer reaching 41,478 BTC . In total, Grayscale has moved over $1.7 billion in BTC to Coinbase Prime since January 12, with these sold as the c...

At the beginning of the year, Bitcoin [BTC] kicked off with positive momentum. Despite its present state of unpredictability and inactivity, there has been a continuous influx of optimistic speculations regarding the leading crypto currency. Anthony Scaramucci, the founder and managing partner at SkyBridge Capital, has now joined the ranks of those making bullish forecasts. He envisions a remarkable increase in Bitcoin’s value. He suggested it could surge by an impressive 2,662% from its current market capitalization of around $543 billion. In a recent podcast, Scaramucci calculated that based on BTC’s fixed supply of 21 million coins, the crypto currency’s market capitalization suggests a price of more than $700,000 per Bitcoin. This stands in contrast to the current price of the asset, which is $27,747.01. He added, “I think bitcoin could easily be a $15 trillion asset. Bitcoin in many ways is more valuable than gold. We own a lot of Bitcoin here.” ...

The S&P 500 index’s [ SPX ] performance has not been impressive lately. A recent Analysis by Bloomberg pointed out that 19 trading sessions have passed so far in August without a single consecutive gain registered by the benchmark stock index. If the SPX wraps up August this way, the index will create a new 22-year bearish record. Specifically, the report noted, “ It will be the first month without two consecutive up days since May 2010 in the aftermath of the global financial crisis. “ Source: Bloomberg Also Read: MicroStrategy’s Balance Sheet Comprises of ~75% Bitcoin By the end of July, the SPX was up almost 30% from its October lows. Nevertheless, the latest struggle is a reflection of the lack of conviction among investors after the sharp AI rally. Furthermore, investors initially believed that the Federal Reserve would shift to cutting interest rates once the economy cooled. However, with no respite in sight, market conditions have worsened. Acc...

Bitcoin enjoyed a positive month in January as the coin surpassed $24,000 from a low of $16,000. However, BTC dropped back to $21,657 alongside other coins amidst the whole SEC staking drama and more. Source: Tradingview The charts reveal that BTC rebounded close to $22,000 before dropping back to its current price. The data also reveals that BTC/USD displayed minute spikes on Feb 12. The price drop over the last few weeks triggered the brief uptick. Read more: Baby Doge Coin Burn Portal to Go Live on Monday, Enters 78th Rank The bearish market was likely affected by the scrutiny of Kraken and cryptocurrency staking, which triggered single-digit losses in the market. BTC is trading at $21,915 at press time, with a 22% drop in trading volume over the last 24 hours. Source: CNBC Bitcoin and the cryptocurrency market to react next week’s CPI data? The cryptocurrency market has a previous history of reactions to the Consumer Price Index (CPI) data release. The n...

In mid-November 2022, Bitcoin’s market cap dominance dropped down to 35.27%. Post a gradual recovery, the number now stands at ~40%. The market cap dominance reveals the asset’s percentage share in the total crypto circulating market cap. Thus, the higher the percentage, the more dominant and vice versa. Leaving aside the crypto industry, Bitcoin’s market cap exceeds a host of prominent names from traditional finance. Multinational financial service companies and investment banks like Bank of America , Insurance Corporation of British Columbia [ ICBC ], and Wells Fargo are currently valued at $273 billion, $218.4 billion, and $161.6 billion respectively. China Construction Bank , one of the “big four” banks in China, is worth $160.1 billion, while Charles Schwab ’s valuation currently stands at $155.03 billion. Trading at a price of $16.7k at press time, the cumulative worth of Bitcoin stood at $324.6 billion. Only JPMorgan Chase had a hig...