Bitcoin News

An analyst with a rapidly growing following has set a target for Bitcoin’s (BTC) potential bottom before a possible bullish reversal.

Gold bug and prominent Bitcoin skeptic Peter Schiff recently criticized the cryptocurrency’s performance, pointing out that Bitcoin’s gains for the year were largely concentrated in the first two months.

Bitcoin, the world’s leading cryptocurrency, has garnered both ardent supporters and critics. Its rising popularity is evident, with the coin recently hitting a peak of $73,000, a significant achievement considering its historical price trends.

Bitcoin is currently experiencing turbulent price movements, with a recent 10% drop raising investor concerns.

A prominent cryptocurrency analyst suggests that Bitcoin’s traditional four-year halving cycle may no longer be relevant.

A recent analysis reveals that major Bitcoin investors, often referred to as whales, are rapidly accumulating Bitcoin, potentially leaving smaller retail traders at a disadvantage.

IREN recently joined the ranks of publicly listed Bitcoin (BTC) mining companies on Wall Street, posting a remarkable increase in revenue over the past year thanks to the rising value of cryptocurrencies.