Analysis Crypto by Thebittimes.Com

Bitcoin technology has evolved significantly since its launch. Bitcoin is continuously being developed as the community strives to improve privacy and scalability. The original Bitcoin client, Bitcoin Core, is currently on version 23.0, indicating that a lot has been happening behind the scenes — there were a total of 37 Github releases at the time of writing.  Read on to learn about five Bitcoin technology developments geared toward helping Bitcoin achieve its full potential.   Top Bitcoin Technology Developments You Should Know About Over the years, many Bitcoin Improvement Proposals (BIPs) have been presented to the community proposing various ways to improve the network. Some have been approved and implemented, while others have been rejected. Bitcoin Core developers and more than 800 contributors participate in the development process of Bitcoin.  Here’s a list of the top five Bitcoin technology improvements you should know about...

Bitcoin is hovering over the $19,500 mark on Tuesday and is trading on the razor’s edge in the indices. The king crypto is unable to push above its weight and breach the $21,000 level since September. BTC has been rejected at $21K thrice since last month and is finding it hard to break through above these levels. However, crypto analyst Michael van de Poppe revealed that he’s confident that Bitcoin will breach the $21K levels in the next two weeks. The leading analyst has predicted that BTC could reach $22,700 if it breakout above the $19,600 level. Also Read: Bitcoin Spending Metrics down to 2010 levels: Time to Panic? “The plan for Bitcoin. We’ll be having a breakout in 1-2 weeks and a clear breakout above that $19.6K probably activates $22.7K,” predicted Poppe. The plan for #Bitcoin. We'll be having a breakout in 1-2 weeks and a clear breakout above that $19.6K probably activates $22.7K. pic.twitter.com/DN7oTMehRk — Michaël van...

Source: Adobe Stock After reaching its all-time highest value of almost $67,800 in November 2021, the price of Bitcoin (BTC) has been on the decline ever since. The pioneering cryptocurrency has halved in value since the start of the year and has demonstrated an overtly bearish trend for much of this period. But things may be starting to turn around. Recent data collected across a variety of metrics now indicates that Bitcoin’s price bottom is in sight, and the market may be on the cusp of a sharp turnaround. And it appears that the institutional traders have already begun to make their moves. Bitcoin Open Interest Reaches ATH Defined as the total number of contracts that are held by market participants and not yet settled, open interest (OI) is often used to gauge market sentiment — with high open interest usually taken as a bullish indicator. Open Interest for Bitcoin perpetual futures on Binance, the world's largest cryptocurrency exchange, recently re...

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin (BTC) has been trading around $19,400, essentially unchanged over the previous 24 hours and down 5% over the past week. Now that the market has moved past “The Merge,” cryptocurrency prices are once again closely tied to inflation and interest rate dynamics. Bitcoin Price Predictions Prior to FOMC Meeting The FOMC meeting of the U.S. Federal Reserve (Fed) will take place later today, and the Fed is expected to announce an increase in interest rates at that time. The crypto market is likely to experience more volatility in the lead-up to this significant event, as has been the case over the previous month. After the most recent readings on inflation and employment, the market appears to have priced in another 75 basis points of rate hike. According to trading desk QCP Capital, these studies’ findings pointed to ongoing core inflation in the US currency. The company forecasts that ...