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Bitcoin [BTC], the world’s largest crypto , is currently on an intriguing journey. According to the analyst Michaël van de Poppe, the king coin is expected to see a notable rise. His Analysis reveals that Bitcoin is expected to maintain a price range of $45,000 to $50,000 as it enters a new phase. Bitcoin’s halving is a prominent event that is slated to occur in April 2024. It's expected to see #Bitcoin reach $45,000-50,000 pre-halving, after which we'll have a heavy correction back to $32,000-35,000 and consolidate from there. Cycles repeat themselves and #Bitcoin has been suffering a lot the past two years. — Michaël van de Poppe (@CryptoMichNL) November 9, 2023 The analyst also notes that the asset could also witness a correction. Bitcoin following its surge is expected to dip back down to the $32,000 to $35,000 zone. This forecast coincides with Bitcoin bidding farewell to its period of accumulation. It is reportedly venturing into the initi...

Major cryptocurrencies faced selling pressure on Thursday following the release of the Fed eral Reserve’s latest meeting minutes. Investor concerns about the economic outlook weighed on digital asset prices. BTC fell around 2.6% to trade at $28,289, based on data from CoinMarketCap. The decline of Bitcoin began after the minutes from the Fed July policy meeting were published. The minutes outlined the central bank’s thinking around future interest rates. Fed’s tighter monetary policy signal caused Bitcoin price to drop The Fed is signaling its commitment to tighter monetary policy to combat inflation. As a result, Bitcoin and other cryptocurrency traders seem cautious about the potential for slowing economic growth. The declining prices across the crypto market on Thursday reflect ongoing uncertainty around how digital assets will perform in the current macroeconomic environment. Data from Coin Metrics shows that the correlation between Bitcoin and stocks...

Bitcoin (BTC), and the larger crypto market, have begun a slight pullback as investors brace themselves for the CPI (Consumer Price Index) data due on Wednesday, July 12. After a respite last month, markets universally anticipate another increase in interest rates. According to CME Group’s FedWatch Tool, there is a 92% chance of a half-basis point rate hike. The figure is down 95% last week. Source: CME Group According to the Twitter user “Tedtalksmacro,” core CPI would be the figure to watch for the Fed. As per the analyst, the headline, or total inflation, is expected to fall to 3.20% YoY (year-on-year). This figure, if achieved, would make it the lowest reading since March 2021. “The Cleveland Fed, University of Michigan + Truflation all anticipating a similar number,” the analyst noted. Also Read: China Inflation Eases to 0%: U.S. Dollar Rises, Yuan Dips Furthermore, the analyst also mentioned that core CPI is expected to fall to 5...

Polygon -based NFT (non-fungible token) marketplace, Magic Eden has launched a new marketplace for Bitcoin Ordinals. The new platform is similar to what Magic Eden offers its Polygon , Ethereum, and Solana-based NFT customers. Magic Eden’s move comes after a surge in the popularity of the Bitcoin Ordinals NFT collection. Welcome to a new dawn. Magic Eden is now on Bitcoin. Now, you can safely trade your favorite collectibles on the 1st audited marketplace with $BTC Explore 70+ collections on our marketplace: https://t.co/WiYYgIWPG5 Don't forget to follow @MEonBTC! pic.twitter.com/KNCrVFrCTu — Magic Eden 🪄 (@MagicEden) March 21, 2023 Just like with other chains, the Polygon -based marketplace aims to bring its expertise to the Bitcoin Ordinals space. By creating a marketplace on Bitcoin, the company challenges the established quo and demonstrates its capacity to go through technical difficulties. In January, Casey Rodarmor, a former Bitcoin core contributor, unveiled the new O...

Despite the uncertainty that mounts in the United States crypto market, Americans continue to pour their funds into digital assets. Recent research by Morning Consult highlights that Bitcoin [BTC] ownership across the United States is pretty evident. According to the study, millennials in the country were the most interested in bagging Bitcoin accounting for 29 percent of the asset’s ownership.15 percent of U.S. adults were seen holding BTC. Women accounted for only 7 percent while 24 percent were men. Source It should be noted that those with an income of more than $100K amounted to 25 percent. Those in the income ranges of $50K to $99K were at 19 percent. Only 11 percent of those with an income of below $50K owned Bitcoin. Custodia Bank founder Caitlin Long stepped up to point to suggest, “THE REAL NEWS HERE is that 25% of Americans with income >$100k owned # bitcoin as of Oct 2022. Given the power structure of the U.S., that’s significant (let...