2020-8-20 15:00 |
BlockFi’s Bitcoin reward card is inching forward.
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Many analysts previously forecast that Bitcoin would hit a price target between $180,000-$250,000 in 2025, but the price has fallen flat.
The rising Bitcoin network mining difficulty ensures the network remains sufficiently decentralized but also makes life harder for miners.
Bitcoin has outperformed precious metals over the last decade, but critics say the comparison doesn't hold up under shorter time horizons.
Bitwise CIO Matt Hougan said the Bitcoin four-year cycle is being replaced by a “10-year grind” characterized by steady returns rather than spectacular gains. Speaking on CNBC’s Crypto World, Hougan argued that institutional adoption, regulatory progress, and stablecoin growth are…
Mirae Asset Group is reportedly in talks to acquire South Korea’s crypto exchange Korbit in a deal valued at up to $100M, according to local media.
Bitcoin analysis said that while a retest of $93,500 could still occur by the yearly close, a red 2025 candle would threaten the four-year cycle theory.
Spot Bitcoin ETFs extended a six-day withdrawal streak as analysts point to seasonal factors rather than weakening institutional demand.