Bitcoin | ForkLog

ForkLog 10 07.08.2024

Bitcoin’s Uncertain Path: Analysts Weigh Future Prospects

Following a significant correction, the leading cryptocurrency shows no clear signs of a definitive trend. Experts and market participants are divided on Bitcoin’s future trajectory. Technical analyst and head of Factor LLC, Peter Brandt, believes that digital gold is poised for a major breakthrough. He observes that the coin may be repeating the post-halving pattern […]

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ForkLog 9 06.08.2024

Gold and Bitcoin Serve Distinct Roles in Institutional Portfolios, Says Expert

eToro analyst Josh Gilbert asserts that major investors are unlikely to view the leading cryptocurrency as a safe-haven asset akin to gold. This was reported by Bloomberg.

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ForkLog 7 05.08.2024

US Economic Concerns Weigh on Bitcoin, Says 10x Research

The price of the leading cryptocurrency risks remaining below the psychological threshold of $50,000 amid growing concerns about the economic stability of the United States. This is according to a report by 10x Research, as cited by Cointelegraph. Marcus Thielen, the company’s founder, noted that the manufacturing sector’s business activity index (ISM) recently showed a […]

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ForkLog 40 05.08.2024

Galaxy Research Questions the Viability of Bitcoin’s Layer 2 Solutions

Most Bitcoin Layer 2 networks may prove unsustainable in the long run, despite their popularity as a promising method for maintaining cheap, fast, and decentralized payments. This conclusion was reached by Galaxy Research. there are dozens of rollups being “built on bitcoin” but only a small few will launch & survive on bitcoin bitcoin doesn’t […]

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ForkLog 45 05.08.2024

Donald Trump Sees Bitcoin as a Solution to US National Debt

Bitcoin could become a key tool in addressing the growing US national debt, which has surpassed $35 trillion, according to Donald Trump, the Republican presidential candidate, in an interview with FOX News. Trump with a word salad about crypto: “Crypto is a very interesting thing. Very high level in certain ways. Intellectually very high level. […]

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ForkLog 25 05.08.2024

Bitcoin Falls Below $50,000 as Ethereum Dips Under $2,200

Overnight on August 5, the leading cryptocurrency plummeted nearly 13%. Briefly, the coin dropped to $49,000. 15-minute BTC/USDT chart from Binance. Data: TradingView. At the time of writing, digital gold has slightly recovered and is trading at $52,700. According to CoinGecko, its market capitalization is approximately $1 trillion. The total cryptocurrency market cap has fallen […]

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ForkLog 22 02.08.2024

VanEck CEO Predicts Bitcoin Could Reach $350,000

The maturation of the leading cryptocurrency will eventually see its market capitalization reach half that of gold, according to VanEck CEO Jan van Eck in an interview with Fox Business. VanEck CEO: Bitcoin will hit $2.9M by 2050https://t.co/V3QLjWk3WG — FOX Business (@FoxBusiness) August 1, 2024 Based on the current market capitalization of gold, this forecast […]

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ForkLog 53 02.08.2024

Add the cat: why Bitcoin’s potential OP_CAT upgrade matters

Upgrades to the bitcoin network are infrequent—the last soft fork, Taproot, was activated in November 2021. By comparison, since then Ethereum has shipped Shapella, Dencun and The Merge, with the Pectra upgrade already slated for the first quarter of 2025. Meanwhile, the community is only debating the possible implementation of an improvement proposal dubbed OP_CAT […]

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ForkLog 47 01.08.2024

Tucker Carlson’s Affection for Bitcoin and CIA Conspiracy Theories

American journalist Tucker Carlson holds the first cryptocurrency in high regard, yet he is convinced it was created by the Central Intelligence Agency (CIA). During a private event at Bitcoin 2024, the former Fox News host remarked that Bitcoin is the “best in the world” tool for ensuring financial sovereignty. “Obviously, it was the CIA, […]

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ForkLog 26 31.07.2024

Goldman Sachs CEO Considers Bitcoin as a Potential ‘Store of Value’

David Solomon, CEO of Goldman Sachs, described blockchain technology as “extremely interesting,” highlighting its potential to address issues within the financial system. He made these remarks in an interview with CNBC. However, the executive noted that he views cryptocurrencies as a “speculative investment” and does not see “real use” for them. When asked about the […]

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ForkLog 16 31.07.2024

Mt.Gox Transfers $2.25 Billion in Bitcoin

The bankrupt cryptocurrency exchange Mt.Gox has transferred another 33,964 BTC ($2.25 billion) to an unknown address and conducted an internal transfer of 47,229 BTC ($3.13 billion), according to data from Arkham. Analysts have been unable to determine the owner of the wallet, beginning with “bc1q26”, to which the funds were sent. The latest transaction follows […]

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ForkLog 18 31.07.2024

Senator Cynthia Lummis Proposes Bill for US Bitcoin Reserves

A forthcoming bill from Senator Cynthia Lummis aims to enable the United States to establish a reserve of the leading cryptocurrency, Bitcoin. This was reported by The Block, citing a draft document. According to the preliminary version, the initiative is titled the “Act to Stimulate Innovation, Technology, and Competitiveness through Streamlined Investments Nationwide 2024,” or […]

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