bitcoin

  1. Hanno Labuschagne

    Bitcoin price surges after false report about ETF approval

    Bitcoin price surges after false report about ETF approval A brief 10% surge in Bitcoin on Monday gave traders a glimpse into the possible impact of a looming US Securities & Exchange Commission decision on whether to allow exchange-traded funds investing directly in the token. An erroneous...
  3. Hanno Labuschagne

    Bitcoin sees first quarterly decline of the year

    Bitcoin sees first quarterly decline of the year As September comes to a close, Bitcoin is poised to end the quarter on a down note in its first quarterly decline this year. The largest cryptocurrency by market value is down about 12% since June, and traded at around $26,800 on Friday...
  4. Hanno Labuschagne

    Bitcoin stalling around $30,000

    Bitcoin stalling around $30,000 After reaching a fresh high for the year earlier this month, Bitcoin has market observers questioning whether the momentum is sustainable with prices again trading in a very narrow range. The largest cryptocurrency has been stuck between $29,500 and $31,500...
  5. Hanno Labuschagne

    Major international bank says Bitcoin will surge past R2 million by end of 2024

    Major international bank says Bitcoin will surge past R2 million by end of 2024 Standard Chartered is ramping up its bullish Bitcoin prediction, targeting as much as $120,000 (R2.24 million) by the end of 2024 — almost quadruple the current price — as increasingly cash-rich miners reduce sales...
  6. Hanno Labuschagne

    Litecoin surges ahead of halvening — boosts Bitcoin investor sentiment

    Litecoin surges ahead of halvening — boosts Bitcoin investor sentiment Bitcoin investors are drawing succor from a surge in the smaller token Litecoin over the past year that has outstripped the broader crypto market. That’s because one of the drivers of Litecoin’s near 90% climb over the...
  7. Hanno Labuschagne

    Crypto miners selling Bitcoin at current highs

    Crypto miners selling Bitcoin at current highs Bitcoin miners, many of whom have traditionally held onto the cryptocurrency after creating the digital assets, have been selling the tokens during the current rise in prices. The percentage of miner revenue sent to exchanges hit all-time highs in...
  8. Hanno Labuschagne

    Bitcoin Cash price doubles in a week

    Bitcoin Cash price doubles in a week Bitcoin Cash, one of the early offshoots of the original digital currency, has more than doubled in value over the past week. The surge began after a new crypto exchange backed by firms including Citadel Securities, Fidelity Digital Assets and Charles...
  9. Hanno Labuschagne

    Binance restores Bitcoin withdrawals after two halts

    Binance restores Bitcoin withdrawals after two halts Binance restarted withdrawals of Bitcoin after citing congestion on the token’s blockchain for two halts in less than 12 hours, suspensions that weighed on cryptocurrency markets. The company said higher fees have been applied to pending...
  10. Hanno Labuschagne

    Sars seizes Bitcoin mining hardware worth R10 million

    Sars seizes Bitcoin mining hardware worth R10 million Police and South African Revenue Service (SARS) agents raided an unauthorised warehouse in Vryburg, North West, on Thursday, 4 May 2023, confiscating Bitcoin mining equipment and illegally-manufactured alcohol. In its statement announcing...
  11. Hanno Labuschagne

    Next Bitcoin halving could catapult price over $50,000

    Next Bitcoin halving could catapult price over $50,000 Bitcoin’s rebound is just the start of a rally that will take it past $50,000 (R906,000) next year courtesy of a process known as halving that curbs the supply of new tokens, according to projections from crypto analysts. The largest...
  12. Hanno Labuschagne

    Ethereum jumps after Shanghai upgrade

    Ethereum jumps after Shanghai upgrade Ether has grabbed the limelight from Bitcoin as cryptocurrencies extend their rebound this year. The second-largest digital asset is up 14% this week, outstripping larger rival Bitcoin’s 9% gain over the period, courtesy of optimism engendered by the...
  13. Hanno Labuschagne

    Bitcoin struggles to advance beyond $28,000

    Bitcoin struggles to advance beyond $28,000 Bitcoin’s rally this year has caught a lot of attention. Yet the coin has seemingly stopped its advance at $28,000, a key trading point around which it’s been meandering in recent days. The largest cryptocurrency has hit a proverbial wall at that...
  14. Hanno Labuschagne

    Bitcoin outperformed all other asset classes in Q1 2023

    Bitcoin outperformed all other asset classes in Q1 2023 Bitcoin’s surprising fast exit from its “crypto winter” has once again put the notoriously volatile digital currency atop the leaderboard in the first quarter for being the best-performing asset class by a wide margin. With a roughly 70%...
  15. Hanno Labuschagne

    Bitcoin liquidity at 10-month low despite price rally

    Bitcoin liquidity at 10-month low despite price rally Bitcoin might be astounding investors with its double-digit rally this year, but liquidity in crypto markets remains desiccated. One measure of how easily the largest cryptocurrency can be bought or sold has fallen to 10-month lows...
  16. Hanno Labuschagne

    Bitcoin rally to $30,000 picks back up

    Bitcoin rally to $30,000 picks back up Bitcoin resumed its push back toward $30,000 (R543,234) and smaller digital tokens rallied as a broad renewal in risk appetite prompted investors to downplay a widening regulatory crackdown. The oldest cryptocurrency gained as much as 5.2% to trade around...
  17. Hanno Labuschagne

    Bitcoin surge could keep momentum

    Bitcoin surge could keep momentum Bitcoin is hurtling toward a quarterly gain bigger than any since the start of 2021, the year when it went on to hit a record high. Some analysts argue the token is being viewed as a hedge against the woes in the US and European banking sectors and benefiting...
  18. Hanno Labuschagne

    Bitcoin having a field day amid big banking sector concerns

    Bitcoin having a field day amid big banking sector concerns Turmoil in the banking sector, hotter-than expected inflation data, and renewed hopes for a dovish Federal Reserve has Bitcoin reaching levels not seen in about nine months. The largest digital asset topped $28,000 (R515,579) for the...
  19. Hanno Labuschagne

    Bitcoin rebounds after US said it would support banking sector amid Silicon Valley Bank collapse

    Bitcoin rebounds after US said it would support banking sector amid Silicon Valley Bank collapse Bitcoin jumped the most of almost a month after US authorities sought to stem concern about the health of the nation’s financial system. The largest cryptocurrency gained as much as 5.3% to...
  20. Hanno Labuschagne

    The horror — Bored Ape creators launching first Bitcoin-based NFTs

    The horror — Bored Ape creators launching first Bitcoin-based NFTs The creators behind Bored Ape Yacht Club, one of the most successful nonfungible-token projects to date, is launching its first collection of Bitcoin NFTs, setting the blockchain’s new functionality up for an important test...
  21. Hanno Labuschagne

    Bitcoin rally fizzle a bad sign of things to come

    Bitcoin rally fizzle a bad sign of things to come Bitcoin’s subsiding two-month rally contains a warning for investors if history is any guide. The February jump in the largest digital token has withered to about 2% and pales compared to January’s 39% surge, data compiled by Bloomberg show...
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