Bitcoin News Alerts | Daily BTC News

Billionaire venture capitalist Tim Draper believes Bitcoin is hurtling toward a staggering $250,000 Bitcoin price tag. In a new exchange with the Observer, Draper says the king crypto (BTC) is at the start of a parabolic rally that will see Bitcoin generate gains of more than 900% in less than two years. Even if Bitcoin fails to go on a meteoric ascent by June this year, Draper says that the timeline could be extended to the end of next year. "I am almost 100 percent sure I will be right in 18 months." Learn more about your ad choices. Visit megaphone.fm/adchoices

BitMEX co-founder Arthur Hayes says he's preparing for a massive Bitcoin and crypto rally as the Biden Administration fights to keep contagion from spreading through the American banking system. In a series of tweets, Hayes says he believes the Federal Reserve will be forced to completely stop its rate hikes and begin to inject money back into the system, paving the way for an influx of capital into risk assets and particularly the crypto markets. "That's a fucking savage move in the 2yr. In case you think this is something other than what it is. The bond market is saying it's back to print dat money mode. Don't fight the Fed!!!!" Learn more about your ad choices. Visit megaphone.fm/adchoices

The market frenzy that started with the Silicon Valley Bank collapse is pushing the Bitcoin price higher, with some casualties left behind. The panic caused due to USD Coin's (USDC) depeg from the U.S. dollar manifested itself in a wrong order, costing traders $50,000 per BTC (the king crypto) albeit for several minutes. The BTC/USDC pair on Binance flash spiked to $50,000 on March 12 around 7:00 pm UTC. The reason for the impulse spike is unknown and was likely due to a "fat finger" trade of a large order. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin maximalist Max Keiser wrote an article for the Huffington Post in 2013 entitled: "What If All the Bitcoin Exchanges in the World Were Shut Down?" and now that many "Crypto" exchanges are shutting down, seems more relevant than ever. "With this added layer of price discovery in the bitcoin's existence as a currency, the possibility of scaling up to the multi-hundred billion valuations necessary to get it on the first rung of the global currency market becomes a possibility. Without it, we're talking about beaver pelts." Learn more about your ad choices. Visit megaphone.fm/adchoices

The Bitcoin and crypto ecosystem felt an immediate effect as USD Coin (USDC) depegged from the U.S. dollar due to a subsequent sell-off after Silicon Valley Bank (SVB) did not process $3.3 billion of Circle's $40 million transfer request. Widely followed crypto analyst Benjamin Cowen says that the Bitcoin and cryptocurrency markets could give up hundreds of billions of dollars in a correction similar to the dot-com collapse. Learn more about your ad choices. Visit megaphone.fm/adchoices

A widely followed crypto analyst and Bitcoin trader is predicting BTC's potential path forward over the near term. Analyst Jason Pizzino tells his 282,000 YouTube subscribers that while he is bullish on Bitcoin over the long term, BTC could fall by around 15% from current levels to below $19,000 in the short term. Learn more about your ad choices. Visit megaphone.fm/adchoices

A widely followed crypto analyst says that the actions of the U.S. Federal Reserve will crash Bitcoin and the crypto markets in general. According to Nicholas Merten, recent testimony from Fed Chair Jerome Powell is likely going to push BTC below the $20,000 level "very soon" as the Fed springs liquidity traps. Merten also notes that the past few weeks have proven just how interconnected crypto is with traditional markets and that Bitcoin bulls should be happy to grab BTC between $13,000 and $14,000 if it were to dip that low. Learn more about your ad choices. Visit megaphone.fm/adchoices

Over 50,000 Bitcoin, worth $1 billion, were moved from multiple wallets connected to United States Government law enforcement seizures and transferred to new addresses, with some of the king crypto moved to Coinbase on March 8. According to data shared by on-chain analytics firm PeckShield, three transfers were made from U.S. law enforcement agency's wallets. These wallets held nearly 51,000 BTC seized by U.S. agencies from the Silk Road marketplace in November 2021. The confiscated Bitcoin was consolidated into two wallet addresses. Learn more about your ad choices. Visit megaphone.fm/adchoices

An analyst who accurately called the big crypto crash of May 2021 says that Bitcoin going to its all-time high this year is not completely off the table. Pseudonymous analyst Dave the Wave, who also predicted BTC recovering from the bear market near the $20,000 level, lists four reasons why a Bitcoin rally up to its high at around $69,000 in 2023 is not an unreasonable expectation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Seasoned crypto trader Tone Vays believes that Bitcoin could be gearing up for a massive eruption to the six-figure level and go as high as $300,000 per BTC. In a new strategy session, Vays tells his 123,000 YouTube subscribers that Bitcoin could explode between 792% and 1,238% from current prices in the next bull market. Learn more about your ad choices. Visit megaphone.fm/adchoices