Bitcoin

The much-anticipated Bitcoin halving, scheduled for April 20, 2024, has stirred several discussions within the crypto community. While historically, halvings (a process in which the reward for mining Bitcoin is halved, theoretically controlling inflation) have resulted in increases in Bitcoin’s value following each event, questions remain about whether this trend will continue in 2024. Bitcoin halving…

The Bitcoin community is rallying behind a petition demanding the proposal of a Bitcoin emoji. The movement, termed 'Bitcoin Emoji', started in March and has so far garnered close to 7,500 signatures. The goal, however, is to reach 1.35 million signatures. The campaign is lagging in momentum despite the support of 25 large crypto organizations.…

Analysts at the Brisbane-based crypto exchange, Swyftx, have identified the 'magic' breakeven number for Australian Bitcoin investors. They have estimated $39,780 to be the average price at which local Bitcoin investors are either making a profit or suffering a loss. This breakeven price means that if Bitcoin drops below that value, a majority of Australian…

Bitcoin, the notorious digital currency, surpassed a notable benchmark reaching over AU$100,000, sparking celebration within the cryptocurrency arena. Analysts predict that the cryptocurrency's value might shatter its previous record of US$67,000 (AU$102,900 per the existing exchange rate) and ascend to record peaks this week, driven by its current uptrend. Yesterday, Bitcoin witnessed a surge in…

Bitcoin, the leading cryptocurrency, reached a record high, briefly touching US$69,210 (AU$106,400) before slipping 6% to US$63,087 (AU$96,980). Since January, Bitcoin has increased by 45% from US$42,600 (AU$65,400) largely due to institutional demand, bringing its market cap to US$1.2 trillion (AU$1.84 trillion). The previous peak of US$68,980 (AU$106,070) in November 2021 occurred at the height…