Binance CEO Richard Teng has highlighted the significant interest in bitcoin and other cryptocurrencies, noting that U.S.-listed bitcoin exchange-traded funds (ETFs) had attracted over $ 14.7 billion in net inflows over the past six months. Teng emphasized the industry’s robust long-term fundamentals and urged the community to stay focused and continue building despite market …
$50K to $100K — 9 AI Chatbots Predict Bitcoin Prices for Year-End 2024
At the end of April, Bitcoin.com News queried seven artificial intelligence (AI)-based chatbots about their year-end bitcoin (BTC) price predictions. A significant number of these generative AI chatbots offered optimistic forecasts, suggesting bitcoin could reach $ 80,000 or even surpass $ 100,000, according to Openai’s Chatgpt 3.5. We repeated the test with a …
Bukele Calls for Speculators to Stop Gouging Prices in El Salvador, Issues Ultimatum
Nayib Bukele, president of El Salvador, has issued an ultimatum for importers and food wholesalers to lower the prices of groceries and other articles, threatening to apply the same tactics he used against gangs with them. Bukele, who pushed the law that made bitcoin legal tender in the country, stated: “I’m going to issue a […]
Analysts Predict Second Trump Era Could Boost Gold Prices
Despite a general downturn in crypto markets, gold has appreciated by 3% over the past five days, currently trading at $ 2,391 per ounce this weekend. Supporters of gold anticipate the precious metal will continue its strong performance in the latter half of 2024. Similar to predictions for bitcoin, a Trump 2.0 era could …
Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall
With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $ 50 and hovering just above $ 47 per …