Author: Maria
Phoenix Group, a crypto company based in the UAE, is pushing hard to get into the US market. In a recent news release, the company said that its newest 50MW Bitcoin mining facility in North Dakota was now fully operational. News sources say that this new mining plant can boost the company’s current hash rate by up to 2.7 exahashes. The new crypto mining center has cutting-edge technologies and a better layout to make it work better and faster. The North Dakota project is Phoenix Group’s second crypto-mining facility in the country. The group’s first was a 25MW crypto mining…
After a lackluster 2024, Ethereum has started 2025 with a bang, surging over 13% since the year began. This impressive performance has reignited optimism among investors who are anticipating a bullish year for ETH and the broader altcoin market. Ethereum’s early strength has raised the critical question: Can it outperform Bitcoin in this post-halving year? Top analyst Daan recently shared insightful data highlighting ETH’s early lead over BTC, driven by positive sentiment and historical patterns of strong seasonality. In his analysis, Daan pointed out that ETH often performs well during the first quarter, particularly in post-halving years, setting the stage…
Bitcoin’s price skyrocketed to crazy new highs in 2024, leaving the financial world pretty stunned. It hit $108,000, which is a massive 124% jump for the year. That kind of climb pushed Bitcoin up to become the 7th biggest asset in the world by market value. It’s now sitting ahead of heavyweights like silver and Saudi Aramco, showing that digital assets are getting way more respect in traditional finance. Bitcoin ETFs Bring Big Money To The Table Spot Bitcoin ETFs have played a huge role in Bitcoin’s big rise this year. These ETFs have made it much easier for big…
A top executive of the largest cryptocurrency index fund firm expressed optimism about the impact on economic policies on the digital asset sector upon the official return of Donald Trump to the White House this month. Bitwise Asset Management CEO Hunter Horsley recently provided fascinating insights on how the Trump administration could transform the cryptocurrency industry. Deregulation Of M&As Horsley believes that the policies to be implemented by the incoming Trump administration could propel the cryptocurrency sector to new heights, especially liberalizing mergers and acquisitions, saying that it could allow major American companies to expand their business further through strategic…
Ethereum (ETH) surged past the local resistance at the $3,670 price level earlier today, rekindling hopes for a successful breakout through the persistent $4,000 resistance. Some crypto experts are optimistic that ETH might finally be poised to reach new all-time highs (ATH). Ethereum To Benefit From Inverse Head-And-Shoulders Pattern? Ethereum, the second-largest digital asset with a market cap exceeding $450 billion, appears set to target the critical $4,000 resistance level once again. For context, ETH has tested the $4,000 level three times since March 2024, failing to break through on each occasion. According to seasoned cryptocurrency analyst and trader Trader_XO,…
JAN3 joins tech and publicly listed companies in fully adopting Bitcoin and expanding its adoption. On its blog, the company shared that it has raised $5 million in funds, which it plans to use to develop and expand its AQUA Wallet. Popular investors, including Tether and Fulgure Ventures, support the company’s initiative to help expand Bitcoin’s use cases. It aims to address the crypto’s scalability and expand its adoption, particularly in regions with limited or no access to financial services. JAN3’s investment in this wallet reflects the growing demand for financial tools linked to Bitcoin. The project also highlights the…
Marathon Digital (MARA) is one of the largest players in the Bitcoin mining space, and it has just unveiled a new approach to managing cost of operations. In a bid to ease financial pressures and generate returns, the company is lending 7,377 BTC, or about 16% of its deposit. This strategic play demonstrates how the cryptocurrency sector is responding to increasing energy costs and intense competition. Using Bitcoin For Stability With nearly 45,000 BTC in reserves, or approximately $4.4 billion, MARA’s decision to lend some of its assets comes at a critical time. The company has set up short-term loan…
With momentum rising across the general market, several major crypto assets like Ethereum have transitioned toward an upside direction. As a result, optimism about ETH witnessing a rally in the short term has risen significantly among crypto enthusiasts, attributing the much-anticipated move to past cycle trends. A Major Rally For Ethereum Expected In January As the new year begins, market expert and trader Ether Naysonal has delved into Ethereum’s recent price action, highlighting a bullish outlook. After examining ETH’s movement in the monthly time frame, the expert underlined that the altcoin could be gearing up for a significant price surge…
Bitcoin’s rally in the early days of 2025 has given crypto enthusiasts plenty to cheer about. The flagship cryptocurrency surged by 6%, crossing the $98,000 mark and reinforcing its position as a market leader. But while Bitcoin continues to dominate headlines, the real excitement is bubbling in the altcoin market, where innovative projects are stealing the show. Altcoins Lead the Charge Solana ($SOL) stole the show with a 13% jump this week, solidifying its place as a top-tier altcoin. The growth isn’t random – it’s fueled by renewed interest in Solana-based projects like $SOLX. This promising Solana Layer-2 solution hit…
Several predictions for Bitcoin price in 2025 have emerged since the turn of the year. While many experts expect the premier cryptocurrency to build on its historical price action in 2024, some believe that its value has reached its top in the current cycle. A prominent crypto trader on the social media platform X — in his latest prediction — has made a significant bearish call for the Bitcoin price. Below is the potential path to a steep correction for the price of BTC over the next few weeks. Is A 20% Correction On The Cards For Bitcoin Price? Crypto…