Singapore, Singapore, September 9th, 2024, Chainwire Merlin Chain, an innovative Bitcoin Layer 2 platform, has achieved remarkable milestones in just six months, establishing itself as the largest Layer 2 in the Bitcoin ecosystem. With a Total Value Locked (TVL) exceeding $1.2 billion and bridge transactions surpassing $16 billion, Merlin Chain has redefined user interaction with […]
Bitcoin and the U.S. dollar have historically had an inverse correlation, particularly when looking at the Dollar Strength Index (DXY). When the dollar weakens, Bitcoin tends to strengthen, and this relationship could potentially lead to the resumption of the BTC bull cycle. DXY The Dollar Strength Index (DXY) evaluates the U.S. dollar’s value against a […]
Arthur Hayes recently shared his thoughts on the struggle of Bitcoin’s price, even in the face of potential Fed rate cuts. Bitcoin experienced a brief surge to $64,000 before dropping to $57,400 on September 2nd. To read more about Arthur Hayes discussing Bitcoin’s challenges amidst potential Fed rate cuts, visit COINTURK NEWS.
According to data from a top crypto news site, Bitcoin experienced a difficult August with its price dropping by 8.6%. Despite 84 previously inactive bitcoin wallets becoming active last month, the total amount of vintage BTC spent was lower in August compared to July. Specifically, dormant wallets spent around 2,291 BTC from addresses that hadn’t […]
With only 65 days left until the U.S. presidential election, bitcoin concluded August with an 8.6% decrease from its starting point for the month. Historically, in the past two election cycles, bitcoin’s value has typically seen significant growth only after the election results were finalized. From 2012 to 2020: How Bitcoin has reacted to U.S. […]
President Nayib Bukele reflected on El Salvador’s decision to embrace Bitcoin and assessed its impact on the country thus far. In a recent interview with Time magazine, Bukele acknowledged that the growth of Bitcoin adoption in El Salvador has not met his initial expectations. However, he believes that making Bitcoin a legal tender has successfully […]
Hayes claims that promises to reduce interest rates created a temporary excitement in the market, but the true impact will be felt later on.
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