Bitcoin recently made waves at the
Oslo Freedom Forum, bringing its merits for democracy to the fore. The
crypto market is showing signs of recovery, although there was a significant dip wiping $1.3B of Bitcoin's open interest. Market speculation has returned signalling a potential rally. Despite the increase in volatility, Bitcoin is witnessing ongoing inflows, namely with
US Bitcoin ETFs. On the downside, there is a pending liquidation risk of 1.38 billion dollars due to price fluctuations. Reports predict Bitcoin's rise to $83K, provided certain bullish parameters are met. Meanwhile, there are contrasting views with some suggesting alternative cryptocurrencies. These predictions coincide with a
Standard Chartered forecast that Bitcoin could reach $150,000 should Trump win the presidency. However, after a stronger-than-expected May jobs report, Bitcoin temporarily dipped below its pivotal $70k mark. Finally, exploding interest in
Bitcoin mining shows no signs of slowing. All these changes, along with the strengthening Lightning network, promise exciting times ahead for Bitcoin.
Bitcoin News Analytics from Thu, 09 May 2024 07:00:00 GMT to Mon, 10 Jun 2024 00:39:19 GMT -
Rating 3
- Innovation 6
- Information 5
- Rumor 2
