Bitcoin miner Core Scientific has posted $150 million in revenue from digital asset mining in the first quarter of 2024, boosting its gross margin to 46% from 26% in the previous year.
Read more on Cointelegraph
- Crunch
- Global
Bitcoin’s potential for a significant price increase has been highlighted by CryptoQuant CEO Ki Young Ju, who suggests the cryptocurrency could see its market capitalization triple, pushing its value above $260,000. Young Ju’s analysis, posted on X on May 8, emphasizes the growing hash rate to market cap ratio—a sign of increased mining activity and investor interest. This growth could sustain Bitcoin’s price to potentially reach $265,000.
Supporting this optimistic forecast, Crypto Ceaser aligns with Young Ju, observing a bullish cup-and-handle pattern on Bitcoin’s weekly chart, indicating a likely rally toward $273,693. As Bitcoin approaches critical price levels, analysts emphasize the importance of surpassing the average short-term holder acquisition price of $59,500 to maintain its upward trajectory.
Market sentiment remains bullish as Bitcoin prepares to break above crucial technical levels. If it successfully surpasses the 50-day simple moving average, significant price milestones could be on the horizon, possibly reaching up to $85,200 before summer, according to Glassnode co-founders. This scenario presents a robust outlook for Bitcoin, reinforcing its resilience and ongoing appeal to investors.
Bitcoin’s dull range-bound action is likely to continue for a few more days as the bulls and the bears battle for control of BTC price.
Read more on Cointelegraph
Founder: Evan Kaloudis
Date Founded: 2019, block 563345; incorporated in 2023
Location of Headquarters: No HQ; fully remote
Amount of Bitcoin Held in Treasury: Not disclosed
Number of Employees: 2
Website: https://zeusln.com/
Public or Private? Private
On April 26, 2024, Evan Kaloudis drew a line in the sand.
In the wake of the news of the Samourai Wallet developers getting arrested and Phoenix Wallet halting service to US customers, he made it public that he was going to fight like hell for self-custody Bitcoin and Lightning Network wallets like the one he created, ZEUS, to continue to exist.
pic.twitter.com/Me5ixLeBT0
— EVAN KALOUDIS (@evankaloudis) April 26, 2024
The…
Read more on BitcoinMagazine
Ordinal Derangement Syndrome (ODS) is a real phenomenon. As a neutral observer from Bitcoin Magazine, I aim to address the misconceptions and dismissive attitudes toward Ordinals in the Bitcoin community, revealing the overlooked complexities and potential within what I term ‘Ordinal Derangement Syndrome’ (ODS).
ODS emerges as a significant phenomenon within a segment of the Bitcoin community, characterized by an oversimplification and dismissive attitude toward Ordinals, often cavalier in nature. As an employee of Bitcoin Magazine, who remains neutral toward Ordinals but is tired of the baseless criticism aimed not just at our publication but at Bitcoin innovations at large, I feel…
Read more on BitcoinMagazine
Max Keiser, a vocal Bitcoin advocate and former financial journalist, has sparked excitement among cryptocurrency enthusiasts with a recent post on X. Keiser, known for his bullish Bitcoin forecasts, reaffirmed his prediction that Bitcoin could reach a staggering $220,000. Citing a new, critical factor, he tweeted about the impending arrival of a “God candle,” signaling a potential massive price surge.
Keiser’s confidence stems from what he describes as a “demand shock meets supply shock” scenario. This insight was bolstered by a tweet from X user @Vivek4real_, who noted that the Bitcoin supply on exchanges has significantly diminished, reaching all-time lows. The tweet hinted at an imminent supply shortage, adding weight to Keiser’s optimistic outlook.
Amidst growing anticipation, Keiser believes the combination of decreasing supply and increasing demand will catapult Bitcoin to the $220,000 mark. His followers on X are abuzz, closely watching market trends for signs of this monumental rise.
The Morpheus Network and 6079 are leading a movement to challenge the supremacy of Big Tech giants by employing decentralized, permissionless AI technology.
Read more on Cointelegraph
Originally published on Unchained.com.Unchained is the official US Collaborative Custody partner of Bitcoin Magazine and an integral sponsor of related content published through Bitcoin Magazine. For more information on services offered, custody products, and the relationship between Unchained and Bitcoin Magazine, please visit our website.
The following is an excerpt from “Your Wealth is Melting”, an in-depth report on the technological and financial thesis for bitcoin. Click here to download the full 37-page report. Prepared by Joe Burnett for Unchained.
Bitcoin is a… Read more on BitcoinMagazine
The rewards will be active until July 7 and will incentivize users to trade, earn, deposit, and borrow on the platform.
Read more on Cointelegraph
BIGCAP COINS:
- Pepe: Market Cap of $3.3 Billion.
- Bitcoin: Market Cap of $1.2 Trillion.
- Render: Market Cap of $3.9 Billion.
MIDCAP COINS:
- Super Trump: Market Cap of $7.1 Million.
- Ethena: Market Cap of $1.3 Billion.
- Ondo: Market Cap of $1.1 Billion.
RISING COINS:
- Grok: Market Cap of $74.2 Million.
- DEXTools: Market Cap of $63.5 Million.
- OpSec: Market Cap of $78.1 Million.
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
Join CryptoCrunchApp on Telegram Channels – Click to Join