Bitcoin Magazine has been duly updating Bitcoin’s journey so far. Its most recent record states that Bitcoin (BTC) is back at a market cap of over $600,000,000,000. This is indeed very exciting news for the crypto community.
Read CRYPTONEWSLAND onIt seems that the crypto market is gradually leaning towards the road to recovery. Presently, the price of Bitcoin (BTC) is $31,642, up by 3.2% over the last 24-hours. This week, Bitcoin is showing green and bullish signals.
These signs are a huge relief to many in the Bitcoin and crypto space. After 9 consecutive weeks of red candles on the Bitcoin chart, the crypto is finally going green. Adding to that, its market cap is also recovering well.
Clearly, Bitcoin still has a lot of support as many Bitcoin holders continue to hold the asset and await their long-term gains. Some of the crypto asset’s firm believers include the President of El Salvador, Nayib Bukele and venture capital investor, Tim Draper. The latter recently shared his prediction of the price of Bitcoin reaching $250,000 by the end of 2022 or start of 2023.
Meanwhile, MicroStrategy’s Michael Saylor is also a firm believer. Other analysts and traders like David Lark say the charts point at a steady recovery for Bitcoin. As the crypto winter continues, it is great to see that Bitcoin still has a strong community behind it.
From the tweet, we can see other engagements that show complete loyalty to the digital asset and its philosophy. In other news, Bitcoin Archive says 58% of the hash-rate in Bitcoin mining is now powered by sustainable energy. The tweet credits the Bitcoin Mining Council for this statistic.
This is certainly another positive contribution for the possible steady recovery of Bitcoin’s price. One of the biggest reasons to not support Bitcoin in its initial stage was due to its high energy consumption. Clearly, with Bitcoin miners relying on renewable energy, this is no longer a major concern.
🚀 Exciting times for crypto! 🌐 Discover how #Notcoin (NOT) & #DriftProtocol (DRIFT) are changing…
Discover how a costly Bitcoin transfer to Satoshi Nakamoto's address sparks intrigue and debate in…
Venezuela bans crypto mining to stabilize power, confiscating devices & targeting corruption. Public collaboration urged…
🚀💰 From Trump to Bieber: Top 5 Celebs Rocking the Crypto World! Check out who's…
#Venezuela halts #Bitcoinmining to ensure stable power and reduce blackouts, prioritising energy for citizens over…
Solana Blazes Ahead: 95M Daily Transactions! 🌐 CoinGecko's Latest Study Confirms SOL's Lead in Speed…