Bitcoin Update - Bull Trade Zone

Why Bitcoin Needs to Reach $80K: Understanding Miner Profits, Post-Election Trends, and the Key Q4 2024 in the Crypto Cycle

Bull Trade ZoneAugust 29, 2024

It requires the solving of complicated algorithms and this is a process that involves a lot of consumption of energy commodities. It also requires the use of some of the most expensive hardware known as mining hardware. Recent manufacturing cost analysis indicates that the manufacturing cost per Bitcoin is ranging from 65000 to 75000 USD....

Bitcoin Price Analysis 11 August: BTC Critical Demand and Supply Zones

Bull Trade ZoneAugust 11, 2024

Bitcoin’s price action has been turbulent, and the chart suggests significant upcoming movements. The digital asset, trading within a Bull Flag, is nearing critical supply and demand regions. Understanding these areas is crucial for traders seeking to capitalize on BTC’s next move. Current Market Dynamics As of now, Bitcoin is priced around $60,042.8, down by...

Bitcoin bulls are back, eyeing a $100K year-end target as BTC surges past $62K.

Bull Trade ZoneAugust 9, 2024

Introduction Bitcoin’s recent surge above $62,000 has rekindled discussions among crypto supporters and accountants regarding the probability of reaching the widely anticipated $100,000 mark before the end of the year. The ever-evolving areas of strength for money have reconsidered certainty, with abundant Bitcoin bulls surely getting back to their year-end cost targets. This article looks...

Bitcoin Price Regained 20% in a Single Weekly Candle: A Remarkable Rebound

Bull Trade ZoneAugust 8, 2024

The cryptocurrency market recently witnessed a dramatic surge as Bitcoin’s price regained 20% in a single weekly candle, signaling a potential recovery and renewed investor confidence. This significant price movement has caught the attention of traders and market analysts, as it reflects a possible end to the recent bearish trend that had gripped the market....

Bitcoin Falls Below $61K and BTC Dominance Rises, Crashing Altcoin Market

Bull Trade ZoneAugust 8, 2024

The cryptocurrency market is reeling from a dramatic drop in Bitcoin’s price, which has fallen below $61,000. Coupled with this decline is a notable rise in Bitcoin dominance, which has led to a severe crash in the altcoin market. This article explores the reasons behind Bitcoin’s recent drop, the impact of increasing Bitcoin dominance on...

Pakistan to regulate cryptocurrency, CBDCs as legal tender

Interest in cryptocurrency around the world has grown exponentially in recent years and so have governments trying to regulate and control cryptocurrencies. China and other countries have also started taking concrete steps towards regulating cryptocurrencies and searching for Central Bank Digital Currencies (CBDC). The shift puts Pakistan among a host of other countries looking to...

Turkish President Erdogan Condemns Israel’s Actions Following Hezbollah Leader Hassan Nasrallah’s Death

In a statement made quite recently, the president of Turkey, Recep Tayyip Erdogan, clearly denounced Israel’s actions in the Middle East specifically after the reported death of Hezbollah chief, Hassan Nasrallah. The remarks from Erdogan are happening during a period of elevated tensions in the region, as conflicts between Israel and Hezbollah have sharpened, in...

SEC Approves Options for BlackRock’s iShares Spot Bitcoin ETF

The U.S. Securities and Exchange Commission (SEC) has sanctioned choices for BlackRock’s iShares Spot Bitcoin Exchange-Traded Fund (ETF), indicating a major landmark in the growth of cryptocurrency investment products. This approval permits investors to deal in options on the BlackRock iShares Spot Bitcoin ETF, thus enhancing the financial instruments available for those wanting to achieve...

BRICS to Launch New Payment System, Challenging the US Dollar Dominance

BRICS, the union of five large developing societies including Brazil, Russia, India, China, and South Africa, is making a major shift towards liberating the association from the US Dollar monopoly and thus a new payment system is in the process of development. This decision, which was announced by Russian Foreign Minister, Sergey Lavrov, is intended...

Binance Founder Changpeng Zhao Set for Release from Prison This Month

The cryptocurrency industry receives a boost as Binance Founder Changpeng Zhao also known as CZ is due to be released from prison this Month. It has already made headlines and people have wondered if this news has any direct consequences for Binance or any other crypto-based company. Some Background Information about Binance and Changpeng Zhao...

Pakistan to regulate cryptocurrency, CBDCs as legal tender

Turkish President Erdogan Condemns Israel’s Actions Following Hezbollah Leader Hassan Nasrallah’s Death

SEC Approves Options for BlackRock’s iShares Spot Bitcoin ETF

BRICS to Launch New Payment System, Challenging the US Dollar Dominance

Binance Founder Changpeng Zhao Set for Release from Prison This Month

Grayscale to Launch First US XRP Trust: A Step Closer to a Potential ETF

NE

Latest Posts

Why Bitcoin Needs to Reach $80K: Understanding Miner Profits, Post-Election Trends, and the Key Q4 2024 in the Crypto Cycle

Bitcoin Price Analysis 11 August: BTC Critical Demand and Supply Zones

Bitcoin bulls are back, eyeing a $100K year-end target as BTC surges past $62K.

Bitcoin Price Regained 20% in a Single Weekly Candle: A Remarkable Rebound

Bitcoin Falls Below $61K and BTC Dominance Rises, Crashing Altcoin Market

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Pakistan to regulate cryptocurrency, CBDCs as legal tender

Turkish President Erdogan Condemns Israel’s Actions Following Hezbollah Leader Hassan Nasrallah’s Death

SEC Approves Options for BlackRock’s iShares Spot Bitcoin ETF

BRICS to Launch New Payment System, Challenging the US Dollar Dominance

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Pakistan to regulate cryptocurrency, CBDCs as legal tender

Turkish President Erdogan Condemns Israel’s Actions Following Hezbollah Leader Hassan Nasrallah’s Death

SEC Approves Options for BlackRock’s iShares Spot Bitcoin ETF

BRICS to Launch New Payment System, Challenging the US Dollar Dominance

Binance Founder Changpeng Zhao Set for Release from Prison This Month

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Pakistan to regulate cryptocurrency, CBDCs as legal tender

Turkish President Erdogan Condemns Israel’s Actions Following Hezbollah Leader Hassan Nasrallah’s Death

SEC Approves Options for BlackRock’s iShares Spot Bitcoin ETF

BRICS to Launch New Payment System, Challenging the US Dollar Dominance

Binance Founder Changpeng Zhao Set for Release from Prison This Month

Grayscale to Launch First US XRP Trust: A Step Closer to a Potential ETF

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Bitcoin Falls Below $61K and BTC Dominance Rises, Crashing Altcoin Market

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