Features Crypto News by Thebittimes.Com

In the past 24 hours, Bitcoin (BTC) has seen a significant price pullback in tandem with the wider cryptocurrency market, which marked a $300 billion loss over the weekend.  To be precise, BTC has lost 6.76% in value on the daily chart.  BTC price 1-day chart. Source: Finbold In contrast to the recent crash, institutional investors seem to have retained a bullish outlook.  In the past two months, 76 new entities that hold more than 1,000 BTC have joined the network, per an April 7 X post from renowned cryptocurrency technical analyst Ali Martinez. Chart depicting the number of entities holding more than 1,000 BTC. Source: Ali Martinez on X / Glassnode This represents a 4.6% increase in the number of accounts holding more than 1,000 Bitcoins. Despite the leading digital asset crashing below $80,000, institutional investors are not selling their holdings — so at least one aspect of Bitcoin demand remains stable. Institutional Bitcoin demand ...

There is no denying the fact that Shiba Inu (SHIB) has made quite an impact on the cryptocurrency industry. The dog-themed crypto has come a long way in its four-and-a-half-year history. Within its first year of launching, SHIB’s price skyrocketed by many million percent. Early investors made millions of dollars in profit with minimal investments. Also Read: DogWifHat (WIF) And Pepe Price Prediction For Mid January 2025 $100 Becomes $2.8 Million Today Source: Watcher Guru If you had purchased $100 worth of Shiba Inu (SHIB) on Aug. 2, 2020, and held on till today, the investment would have been worth $2.87 million. Your portfolio’s value would have risen by 2,879,899.48% (2.8 million percent). Source: Changelly Also Read: Cryptocurrency Market Loses $622 Million: Why Is It Down Today? SHIB hit an all-time high of $).00008616 on Oct. 28, 2021. If you had sold your holdings when SHIB was at its peak, the $100 investment would have become $10.3 million. In this scenario, your in...

The cryptocurrency bull run has faded recently as many investors take profits and wait for the next catalyst.  Bitcoin price has retreated from an all-time high of over $73,000 to $67,000. Similarly, Ethereum token has plunged from over $4,000 to $3,320. As a result, the total market cap of all digital coins has dropped from almost $3 trillion to $2.6 trillion. Despite these challenges,  BitBot has continued its bullish momentum as its token sale jumped to over $2 million. Why crypto bull run has faded There are two main reasons why the crypto bull run has faded in the past few weeks. First, there are signs that the much-anticipated rate cut by the Federal Reserve will not happen any time soon. This view was supported by Friday’s strong job numbers. According to the Bureau of Labor Statistics (BLS), the  American economy added over 303k jobs in March, higher than the median estimate of 212k. The economy has added jobs for 36 straight m...

Electricity demand worldwide could double over the next three years, mainly due to cryptocurrency mining and artificial intelligence. How will crypto keep up? AI and cryptocurrencies accounted for almost 2% of global electricity demand in 2022, which illustrates the scale of their energy impact. This increase is mainly due to the growing complexity and volume of computing operations for artificial intelligence and the ever-increasing number of cryptographic transactions. According to a recent report from Bloomberg, which cites the International Energy Agency, global demand for electricity from data centers, cryptocurrencies, and artificial intelligence could more than double over the next three years , amounting to the equivalent of Germany’s entire electricity demand . Source: International Energy Agency AI’s appetite to grow Artificial intelligence (AI) has become an integral part of modern life, streamlining various aspects. However, its extensive integration ...