Bitcoin made an impressive run after the U.S. Consumer Price Index report came as expected. But two more key events could add to the positive sentiment this week. Bitcoin btc3.53%Bitcoin reached a new all-time high of over $93,400 hours after the U.S. CPI report was released on Wednesday. The inflation rate in the largest economy in the world […]
The Bitcoin network on Friday evening completed its fourth “halving,” reducing the rewards earned by miners to 3.125 bitcoins from 6.25. The price of bitcoin has been volatile ahead of the event, and fell about 4% this week to trade around $64,100, according to Coin Metrics. Mechanically, the halving itself shouldn’t affect the price of […]
Bernstein said Tuesday it expects the price of bitcoin could rise to $150,000 by mid-2025. The estimate is nearly five times the current price of $35,000. Last week, the price of bitcoin reached its highest level since May 2022, as investors remain hopeful for a green light on a bitcoin exchange-traded fund. The price of […]
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