Casey

Casey

I’m a Crypto author and Blockchain enthusiast. I have been writing about Bitcoin, Ethereum, and other Cryptocurrencies for over 5 years. My work has been featured in major publications such as Forbes, CoinDesk, and VentureBeat. I’m also a regular speaker at Blockchain conferences around the world.

2025 Crypto Predictions: What’s Ahead for Bitcoin, Ethereum, Solana, and XRP?

The crypto market is gearing up for an exciting year in 2025, with analysts projecting significant milestones for major cryptocurrencies like Bitcoin, Ethereum, Solana, and XRP. Here’s a simplified breakdown of what could be on the horizon: Bitcoin: $200K to $250K on the Cards? Bitcoin is expected to dominate 2025 with potential price targets between $200,000 and $250,000, and in an optimistic scenario, even reaching $280,000. Lark Davis, a leading crypto analyst, predicts this could happen as early as March or April, based on historical data and tools like Fibonacci extensions. However, the journey may not be smooth, with sharp price movements and consolidations likely along the way. For Bitcoin enthusiasts, the advice is clear: prepare for volatility but keep an eye on those psychological benchmarks. Ethereum: Can It Hit $15K? Ethereum’s price could soar to $7,500, $11,000, or even $15,000, according to Davis. Recent price fluctuations are seen as part of a larger consolidation phase, setting the stage for a strong breakout. Thanks to the success of Ethereum 2.0 and its role as the backbone for DeFi and NFTs, the second-largest cryptocurrency could see massive growth. As always, the key lies in timing the market. Solana: Aiming for Triple-Digit Gains After a 30% pullback, Solana is gaining momentum. Davis highlights potential price targets of $420, $680, and even $950 to $1,100, as Solana builds on its reputation for fast, low-cost transactions. While optimism is high, caution is advised—taking profits during upward trends could protect traders from unexpected reversals. XRP: A Long-Awaited Comeback? XRP could finally break free from its legal troubles and reach new heights in 2025. Predictions range from $5 to $10, with Fibonacci projections hinting at a cap near $11.70. While XRP’s growth might be slower compared to other coins, its potential for cross-border payment solutions keeps it in the spotlight. Dogecoin and Meme Coin Mania The king of meme coins, Dogecoin, could see another surge, with targets set between $1.20 and $3. However, the rise of new meme coins might dampen its momentum, making 2025 a competitive year in this niche. The Bigger Picture: A $10 Trillion Crypto Market? The entire crypto market could achieve a total market cap of $4 trillion, $6.7 trillion, or even $10 trillion at its peak. Davis warns, though, that such “pico peaks” are often short-lived, emphasizing the importance of timing exits. Takeaway for Investors 2025 could be a year of historic gains, but with opportunity comes risk. Whether you’re betting on Bitcoin, Ethereum, or other coins, staying informed and making timely decisions will be key. As Davis puts it, “Take the money and run” when the market presents profitable exits.

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Stablecoin Market Breaks $200 Billion Barrier: A New Chapter in Crypto

The stablecoin market has hit a groundbreaking milestone, surpassing $200 billion in total value. This achievement underlines the increasing trust and adoption of stablecoins in the global financial system. Leading the pack is Tether’s USDT, which dominates with a massive $142.9 billion share. USD Coin (USDC) follows as the second-largest player, holding $42.3 billion. Other stablecoins, like USDe with $6 billion, DAI with $4.5 billion, and FDUSD with $1.9 billion, are also making their mark in this growing market. What’s Driving the Surge?The explosive growth can be traced to a surge in interest from traditional investors. The recent launch of Bitcoin ETFs in the U.S. has opened doors for many to explore the crypto space, with stablecoins acting as a convenient bridge between fiat currencies and digital assets. Their role as a stable, reliable entry point into crypto has never been more evident. Adapting to New RegulationsAs the crypto world evolves, regulations are stepping in to shape the future. Europe’s upcoming MiCA framework, set to take effect on December 30, 2024, will introduce stricter rules for stablecoin issuers, such as mandatory reserves and electronic licensing requirements. In response, Tether has already discontinued its euro-pegged EURT stablecoin to comply with these new standards. Other players are also adjusting—Circle, the issuer of USDC, has teamed up with Binance to expand its global footprint. Meanwhile, Tether is exploring cutting-edge applications for blockchain-based artificial intelligence. U.S. vs. Europe: A Tale of Two ApproachesWhile Europe tightens its regulatory grip, the U.S. seems to be taking a more crypto-friendly path. With Donald Trump’s administration showing visible support for digital assets, many crypto companies might lean towards the American market, which offers a more welcoming environment for innovation. A Milestone That Signals StabilityThis record-breaking $200 billion capitalization cements the importance of stablecoins in the broader crypto ecosystem. As industry leaders adapt to regulatory changes and push forward with innovation, the stablecoin sector is entering a new phase of growth and maturity. The next chapter promises exciting developments, balancing compliance with creativity, as stablecoins continue to connect traditional finance and the crypto world.

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Bitcoin could hit $150,000 or $400,000 by 2025, depending on SBR and Fed interest rates – Blockware

According to cryptocurrency mining firm Blockware, Bitcoin’s potential price range in 2025 is very wide, but it depends on three main factors. Cryptocurrency mining firm Blockware Solutions says Bitcoin prices could quadruple by 2025, or increase by 58% in a worst-case scenario, under Donald Trump’s Bitcoin Reserve Plan and Federal Reserve policies. Blockware said in a market report on December 28 that Coinedict found that the “potential market” for Bitcoin in 2025 could see its price jump by 58%, from $94,981 to $150,000. Bitcoin price action in 2025 could play out in different waysAccording to Blockware, the market could potentially hit $150,000 if Donald Trump “doesn’t follow through” on his strategic Bitcoin reserve – an outcome the industry expects to occur early in his administration. Jack Marlers, founder and CEO of Strike, has said that Trump could issue an executive order on his first day in office to designate Bitcoin as a reserve asset for the US. Meanwhile, Blockware said that a weak market could also be the target. First, as the consumer price index (CPI) falls, the Fed will need to “step up.” Second, businesses should be quick to adopt Bitcoin, with one of the “Big Seven” — Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, or Tesla — adding Bitcoin to their portfolios. The bulls “will be turning away,” while long-term holders (those who have held BTC for more than 155 days) “will be aggressive” in buying Bitcoin. As a “case study,” Blockware is targeting $225,000, assuming the US government converts its Bitcoin holdings into strategic Bitcoin reserves, the Federal Reserve cuts interest rates in anticipation, and corporate withdrawals continue at their current pace – The US government needs to accumulate BTC to reach $400,000One such company, Microsoft, asked its shareholders to vote against the decision to add Bitcoin to the company’s balance sheet at the company’s annual meeting on December 12. 10. Related: US-listed Bitcoin, Ethereum ETFs See Net Inflows of $38.3 Billion in Launch Year Ultimately, the U.S. government will need to not only convert its current Bitcoin holdings into a strategic Bitcoin reserve, but also collect more Bitcoin—an outcome that Galaxy Digital says is unlikely. “The US government will not sell Bitcoin in 2025,” Alex Thorn, research director at Galaxy Research, said in a report on December 27. Thorne said the U.S. government will use its own Bitcoin to add to its inventory, and discussions about a Bitcoin reserve policy will continue.

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What is a crypto credit card: how it works and where to use it

Crypto credit cards allow users to spend their crypto holdings; they work by converting cryptocurrency to fiat currency at the point of purchase. A common complaint about cryptocurrencies is the difficulty users have in using them for everyday transactions. But crypto credit cards (to some extent) bridge the gap between cryptocurrency and traditional banking, allowing you to use cryptocurrency at millions of merchants around the world. These cards represent a major shift, with traditional financial systems increasingly being integrated with blockchain-based systems. Crypto credit cards are regulated in much the same way as regular credit cards, making everyday transactions difficult. From online shopping to dining out, crypto credit cards combine convenience and access to payments with security. These cards are a step forward in the integration of cryptocurrencies with traditional banking. This crypto credit card guide for beginners will explore how these cards work, their benefits, and how to use them properly. What is a crypto credit card? Crypto credit cards are payment cards that allow users to spend cryptocurrencies like Bitcoin and Ethereum directly from their wallets. Like a traditional credit card, you can use it online or at merchants that accept card payments. Offered by crypto platforms in partnership with payment processors like Visa and Mastercard, these cards make it easy to spend money by eliminating the need to convert cryptocurrency to fiat before making a purchase. This feature helps increase the cost of payment and facilitate online and offline transactions, including at merchants that may not support direct cryptocurrency payments. Additionally, some crypto cards offer incentives to reward you for purchases you make with the card. You can also use this card to withdraw cash at cryptocurrency ATMs. Cards tied to cryptocurrencies are vulnerable to the same security threats as traditional debit and credit cards. Therefore, you should keep your card and its information safe and private. How do crypto credit cards work? A credit card is a plastic card that connects a payment network to your bank account. It uses a chip or token to access your account, allowing you to pay when making purchases online or at a retail location. Crypto credit cards work in much the same way as traditional credit cards. Crypto platforms work with payment networks to facilitate seamless transactions on crypto debit cards. When you use the card, the payment network handles the transaction, automatically converting the cryptocurrency from your linked account into fiat currency, such as dollars, euros, or pounds, for the merchant. This allows merchants who accept debit or credit cards to seamlessly process online and offline payments. Crypto debit cards combine the convenience of spending cryptocurrency with the global acceptance of traditional card networks. They simplify the process of using digital assets in everyday life, making cryptocurrency a convenient tool for ordinary people. Crypto Debit Cards and Crypto Debit CardsCrypto cards come in two forms – debit and credit – and offer different features to suit different spending habits. Here’s a comparison of crypto debit cards and credit cards: Cryptocurrency Debit CardsCrypto debit cards work similarly to prepaid cards. You need to link your crypto wallet to your crypto debit card to make payments and withdrawals. These cards have a maintenance fee and a withdrawal fee. In addition to fees such as ATM withdrawal fees and annual or monthly fees, crypto credit cards may charge fees for converting crypto to cash at the user’s discretion. Some issuers offer users perks such as cash back, airport lounge access, travel rewards, and subscription fees. For example, Crypto.com offers cash back on its native cryptocurrency, CronosCRO share price down $0.1493. Crypto credit cards are convenient for everyday transactions, but you can only spend what you have in your account. crypto credit cardsCrypto credit cards are like traditional credit cards, in that you can defer payments for a certain period of time. You can also earn cryptocurrency as a payment when you use a crypto credit card. If you don’t pay your balance each month, you may be charged interest or late fees. This card may charge an annual fee and transaction fees. Like any credit card, this card affects your credit score, so it’s important to understand the terms and conditions of use. Crypto credit cards are great for large purchases, offering convenience and incentives to credit cards.

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Uniswap CLO says IRS DeFi broker rules ‘must be seriously challenged’

Uniswap’s chief legal officer said the IRS’s DeFi broker rule “must be seriously challenged,” with Consensys lawyers saying the ruling was issued “on the last Friday of 2024, during the holidays.” Cryptocurrency regulators and legal experts have expressed doubts about the long-term viability of the new U.S. Internal Revenue Service (IRS) rules that require decentralized exchanges to meet the same reporting requirements as traditional brokers. “There are no shortage of ways to challenge this, and it should be seriously challenged,” Katherine Minarik, chief legal officer of cryptocurrency exchange Uniswap, said in a Dec. 27 post. Regulators want the ruling overturned“So all sorts of technology inside and outside the industry are going to be looking for the same policies,” Minarik said. “The IRS is saying that ‘any service that facilitates transactions’ is a merchant … and then it’s classifying DeFi technology as a merchant … because it only applies to a certain segment.” Uniswap CEO Hayden Adams said he hopes the ruling will be overturned under the Congressional Review Act, and if not, he doesn’t think it will survive a “legal challenge.” Dec. On the 27th, the US Internal Revenue Service released final rules requiring traders to report digital asset transactions, expanding existing reporting requirements to cover previously unreported areas (such as leveraged transactions). The rule, which will take effect in 2027, will require traders to report significant amounts of money from the sale of cryptocurrencies and other digital assets, as well as information about the taxpayers involved in those transactions. The final rule states that “the only DeFi participants who will be considered traders are those who provide the underlying services.” Robin Singh, CEO of crypto tax initiative Koinly, told Cointelegraph that the costs of implementing the required reporting systems will be prohibitive. “For businesses operating in the DeFi space, meeting these requirements will require working with new technology,” Singh said. “Most importantly, modern platforms lack the robust infrastructure required for traditional media, which creates significant problems for many companies,” Singer said. “All costs, no benefits,” Consensys lawyers sayBill Hughes, a lawyer for blockchain development company Consensys, said that from a financial perspective, the ruling is “all costs, no benefits.” – The government is not going to go quietly. The fight is on,” Hughes said in his Dec. 27 statement. Hughes said the ruling would require front-end platforms to track and report on U.S. and global users and would affect purchases of all digital assets, including non-fungible tokens (NFTs) and stablecoins. Echoing Uniswap’s Adams, Hughes said the legislation would be reviewed by Congress but would be rejected. – This legislation has been in the works for a long time. It looks like they just scrapped it last Friday in 2024.

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US-listed Bitcoin and Ethereum ETF sees net inflows of $38.3 billion in its launch year

Nearly 80% of Bitcoin ETF orders come from retail, but industry analysts expect institutional demand to increase in 2025. By 2024, Bitcoin’s net inflows will reach $35.66 billion, far exceeding industry expectations, while spot Ethereum ETFs are performing strongly, with net inflows of $349.3 million in the past four trading days, adding $2.68 billion to its value since launch. BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the way with a net inflow of $37.31 billion, while Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) saw net outflows of $11.84 billion and $2.49 billion, respectively, rounding out the top three. The net outflows fell short of Galaxy Digital research director Alex Thorn’s estimate of $14 billion in the first quarter. However, spot Bitcoin ETFs didn’t end the year on a strong note, with $1.33 billion in outflows as of Dec. 12. 19. Five of the past six trading days have seen net outflows, with IBIT seeing the largest outflow of $188.7 million on December 24. A report on October 25 from cryptocurrency exchange Binance found that nearly 80% of demand for Bitcoin ETF shares came from retail, not institutional, investors. However, industry analysts like Bitwise Chief Investment Officer Matt Hougan predict that more institutional investors will enter the market by 2025 as more Bitcoin ETF spot trading platforms come online.This is one of the drivers behind Bitwise’s bullish prediction that Bitcoin prices will hit $200,000 by 2025, while VanEck predicts that Bitcoin prices will top $180,000. Ethereum ETFs are performing stronglyAccording to Farside Investors, the Ethereum product has raised $2.68 billion by 2024 since its launch on July 23. Excluding the outflows from the recently converted Grayscale Ethereum Trust ETF (ETHE), the figure is $6.29 billion. BlackRock’s iShares Ethereum Trust ETF (ETHA) and Fidelity Ethereum Fund (FETH) generated net inflows of $3.52 billion and $1.56 billion, respectively. The low-cost Greyscale Ethereum Mini Trust ETF (ETH) is third with net inflows of $608.1 million, while the Bitwise Ethereum ETF (ETHW) has topped $400 million. Currently, ETH’s performance is behind Bitcoin and Solana Sol Items fall $194.87Bitwise predicts a rebound in 2024 and a peak of $7,000 in 2025. Hougan and Bitwise’s head of Bitcoin research, Ryan Rasmussen, said that growth is expected to increase Ethereum layer 2 operations, increase Ethereum ETF spot trading, and “significant growth” in in the symbol of stablecoins and global assets.

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Bitget, Uniswap, FTX rise to lead top crypto gains, best financial indicators rise again

The Christmas holiday is a big event for the crypto market, with Bitcoin and Ethereum coming back from their recent peaks. Despite the movements of the major market leaders, some altcoins have a lot of strength, while others have increased, giving reasons to celebrate the owners. This includes the 3 main exchanges – Bitget, Uniswap, and FTX – all of which have experienced strong growth. Meanwhile, another token called Best Wallet Token is also growing in popularity, raising over $5.5 million in its ongoing ICO. Bitget Token ($BGB) Takes Parabolic Movement The last few years have been very busy for Bitget as the regulations on cryptocurrency trading in the main regions are still strict. While some competitors have backed down from legal challenges (sometimes leaving the country altogether), Bitget has taken notice. Overall, BGB is up 415% in December alone, leaving the rest of the market behind as of this writing. Investors waiting for a rebound can focus on key psychological price levels (such as $6, $5, and $4) before the price has a chance to return to the previous resistance at $3.50. At this point, it may be several weeks before BGB’s price movement enters its next phase, giving market players plenty of time to develop new strategies. Uniswap ($UNI) Pending UNI has risen 8.6% in the past 24 hours, reaching the second spot on CoinMarketCap’s list of winners. The market-leading DEX has benefited greatly from the massive meme-making activity this year, but for now, its price remains in a mixed mood: On the one hand, UNI is forming a head and shoulders chart pattern that, if completed, would send the price down to $10. This would represent a -29% decline from the current price. However, from a bullish perspective, UNI remains in an uptrend, showing strength through the presence of a large daily wick from seven days ago. This recovery could signal that UNI will escape its current troubles and head back up to $19.50, representing a 39% gain for investors. Bulls and bears alike have plenty of money to spend on UNI, but those who like big plays will find this next coin to be a better bet… Will FTX Token ($FTT) 4x in 2025? FTX is a name that is rarely mentioned because it made a lot of headlines when it crashed in 2022, following the lawsuit, trial, and imprisonment of some of its executives. Since then (and a -93% drop in the value of the FTX token in November 2022), FTT has become increasingly popular among traders who are unwilling to accept its high-risk nature. The daily price chart of FTT shows a new phase in the rapid growth of this cryptocurrency: To say that FTT is “different” is an understatement – but if we zoom in, we see a significant opportunity. As FTT develops within the current ascending triangle pattern, the possibility of an upward breakout (as we saw earlier on the BGB chart) increases. If FTT were to reach parity with BGB, there would be little resistance between current prices and a full return to pre-crash values: Of course, this scenario (which involves a 438% increase) is unlikely to happen, on paper. That said, there are some weird things happening in the cryptocurrency market – especially when it’s really down. When Degenwhale and the crypto community truly support an idea, anything is possible. So if FTT has a chance to return to its previous value, 2025 may be the year it does so. Is $BEST the next big utility brand?As we have seen in this article, crypto platform utility tokens have a lot of potential for growth and can generate very large profits. Looking ahead to 2025, the Best Wallet Token ($BEST) will be the emerging utility token. The $BEST pre-sale has raised nearly $6 million to date, and has attracted the interest of savvy investors looking to diversify their holdings. The $BEST token powers the Best Wallet ecosystem, offering everything from the most convenient and secure wallets to crypto exchanges (via Best DEX), iGaming, and all the best services using mobile apps (available for iOS and Android) All Cryptocurrency Services. Investors Need to Know About Trading—Before Tokens Are Available for Trading. $BEST token holders will have access to exclusive access to pre-sale crypto, flight deals, exciting new token tips, iGaming bonuses such as loot boxes, free slots and wallets, low transaction fees across the ecosystem, governance votes, and Staking rewards. As Fireblocks offers security using MPC-CMP wallet technology, security-conscious users can relax and use the Best Wallet to its full potential. Those looking to capitalize on the best ICO should note that Best Wallet was the main target for pre-sale of Pepe Unchained tokens, which raised over $70 million after the launch of its DEX. The sales jumped 8 times. Best Wallet Tips helped investors get their hands on the Catslap meme coin before its grand launch, which was equally successful. Best Wallet’s goal is to capture 40% of the crypto wallet market (an $11 billion industry) and achieve this goal by 2026. It offers great value to investors.

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Bitcoin’s confirmed price hits annual low amid holiday uncertainty

Metrics such as the number of confirmed transactions can be used to gauge investor activity on the Bitcoin network. Daily Bitcoin transaction volumes have fallen to annual lows, reflecting the volatile nature of the holiday season. The total number of confirmed Bitcoin transactions fell to 623,434 on December 26, hitting its lowest point this year, according to Blockchain.com.A confirmed Bitcoin transaction is a transaction that has been approved by the blockchain’s blockchain and is permanently recorded on the blockchain, making it irrevocable. Metrics such as the number of confirmed transactions can be used to gauge investor activity on the Bitcoin network. On December 17, the price of Bitcoin surpassed an all-time high of $108,000, with over 857,000 confirmed transactions, a 37% increase from yesterday’s 623,000. Currently, Bitcoin analysts expect Bitcoin prices to rise above $105,000 shortly after the holiday season, driven by low transaction volume. Weakening public sentiment around Bitcoin signals imminent price recoveryWeakening public sentiment around Bitcoin signals imminent price recovery for the world’s largest cryptocurrency. According to Cointelegraph on December 12, public sentiment around Bitcoin has fallen to its lowest level since 2024, with the average ratio of positive news to negative news about Bitcoin at four to five. 22 However, market research firm Santiment wrote in a December 22 article that this sluggish trading pattern is a sign that Bitcoin’s breakout is imminent: “Healthy traders are showing significant FUD, which is good news for investors who know that the market is moving in line with trading expectations.” Other cryptocurrency analysts are also predicting that Bitcoin will end its rally below $100,000. On December 20, Bitcoin’s daily chart showed three consecutive red candles for the first time since the first week of November, which occurred before Donald Trump won the US presidential election. Ryan Lee, senior analyst at Bitget Research, told Cointelegraph that Bitcoin’s recent decline is a sign of the holiday season: “After Christmas, market activity will pick up again, with funds expected to be heavily allocated to sectors that will benefit from the upcoming Trump inauguration…BTC is trading at $94,000-$105,000 this week.” President-elect Donald Trump’s inauguration on January 1 could be the next big move for Bitcoin. August 20, 2025.

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Kyrgyzstan to cut cryptocurrency mining tax by 50% in 2024

Kyrgyzstan is considered a hotbed for cryptocurrency miners because it has yet to use renewable energy sources. While cryptocurrency values ​​have increased in 2024, crypto mining taxes have been reduced for Kyrgyzstan’s economy. Cryptocurrency mining taxes contributed more than 46.6 million Kyrgyzstani soms ($535,000) to the country’s economy this year, according to a budget document released by Kyrgyzstan’s Ministry of Economy and Finance on December 25. According to local media reports, this represents a reduction of more than 50% from the cryptocurrency mining tax introduced in 2023, which was 93.7 million soms, or more than $1 million. The cryptocurrency mining tax rate in Kyrgyzstan is 10% of the cost of electricity used by cryptocurrency miners in the country, including VAT and sales tax. The country is considered ideal for cryptocurrency mining due to its vast renewable energy resources, many of which are underutilized. According to a report by the International Energy Agency, more than 30% of Kyrgyzstan’s total electricity generation comes from hydroelectricity, but the country’s hydroelectricity capacity is only 10%. Cointelegraph has reached out to the Ministry of Economy and Finance of Kyrgyzstan for comment. Bitcoin mining could help secure future renewable energy grids Bitcoin mining could help secure future energy grids, as renewable energy sources often produce electricity intermittently and cannot be stored. Deutsche Telekom will use the remaining energy from renewable energy sources to power its Bitcoin mining operations. The company announced on November 11 that Bitcoin mining equipment will be installed at the Riva factory and the glass-blocking factory in Backnang, Germany, which will be operated by Metis Solutions. Deutsche Telekom’s pilot project is based on the increasing number of renewable energy sources that are not being wasted. Oliver Nyderle, head of digital trust and Web3 infrastructure at Deutsche Telekom MMS, said that the country’s increasing energy supply will come from intermittent sources such as wind turbines and that more infrastructure will be needed to monitor the power grid. Needle wrote in his post that Bitcoin mining could be used to manage power fluctuations in the national electricity grid: “We took this opportunity with Bankhaus Metzler and RIVA Engineering GmbH to test the impact of Bitcoin miner regulation on electricity production. The remaining energy is converted into digital value by miners. We call it digital currency photosynthesis.” The use cases for Bitcoin mining go beyond the financial benefits for miners. In Finland, a Bitcoin mine uses the heat generated by mining equipment to heat a city of over 11,000 inhabitants.

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How to Get Into Crypto Mining Without Expensive Equipment

Do you have a budget for crypto mining? Here’s how to get started without spending a lot of money or getting burned. Key points: Cloud mining is a way to mine crypto without expensive equipment, but it comes with an upfront cost and potential hidden fees. Low-cost hardware options, such as a cheap GPU or gaming PC, can help you get started mining without spending a fortune. When choosing a cryptocurrency to mine on your budget, choose coins that use low-power algorithms like PoS to reduce hardware requirements. For those looking to mine cryptocurrency on a budget, USB miners and browser-based mining are entry-level solutions. Cryptocurrency mining sounds like a high-tech dream that requires thousands of dollars in equipment and huge electricity bills, but that’s not all. What if it was an affordable way to join the party and raise money?While there are many methods that won’t make you rich overnight, they can help you learn the ropes and earn a small profit in the process. Let’s take a look at how much it costs to mine cryptocurrency and how to reduce it. How much does it cost to mine cryptocurrency? With high electricity bills and the cost of top-of-the-line equipment, mining Bitcoin in your basement isn’t as viable as it used to be. Yes, you might find some digital gold, but the chances of making a profit depend on your setup and where you live. Spoiler: it’s not cheap. First, you’ll probably need some pretty expensive hardware, like a graphics processing unit (GPU) and an application-specific integrated circuit (ASIC). Entry-level drill rigs start around $1,500, while professional-level models can cost more than $10,000. Now, let’s talk about power. The mining industry is a very energy poor industry. According to the global average, it takes about 266,000 kilowatt-hours (kWh) to mine 1 Bitcoin. However, some cryptocurrency miners have turned to new energy sources, such as hydro and solar power, to reduce costs and impact on the environment. Low-Cost Crypto Mining Options Cloud Mining If you’re looking to mine cryptocurrencies without having to do any work, cloud mining can be a low-cost option. You don’t need to buy expensive hardware, you can rent computing power from a mining farm via an online platform. It’s like taking on the heavy lifting while you stand by and watch your cryptocurrency grow. Another advantage? No noisy machines, no electricity bills, and no technical headaches. But it’s not always easy to get by, as cloud mining contracts require upfront payments, and sometimes there are no fees. Additionally, not all providers are the same, so it’s important to verify the provider before committing.Electricity costs vary to mine 1 BTC, with home electricity costs ranging from $13,300 to $133,000, depending on your location. Some locations may not be profitable, while others (if you’re lucky) may allow you to recoup your investment. To estimate your potential profits, you can use an online mining calculator that takes into account your hardware and electricity costs. While most popular GPUs and ASICs are pre-configured, custom computing power can also be imported. Bitcoin USB Miner Think Bitcoin mining is only good for large companies with deep pockets and industrial sites? The USB Bitcoin Miner is a compact plug-and-play device that brings the mining experience to the masses. It performs a fraction of the performance of high-end ASIC devices, but it provides a cost-effective and efficient way to access the Bitcoin network. By connecting to a mining pool, you can participate in the world’s efforts to verify transactions with low fees and risks. The GekkoScience Compac F is a USB Bitcoin miner with a hash rate of 200 gigahashes per second (GH/s) and costs between $120 and $150, depending on the retailer. However, saying that USB miners are plug-and-play is not the whole story. They still require careful setup, including proper cooling, power management, and reliable software, to run smoothly and avoid overheating or crashing. Gaming PCsIf you have a good gaming PC, you’re halfway to success. You can start with current hardware and upgrade as needed. For GPUs, low-end options ranging from $500 to $1,500 include the Nvidia GeForce GTX 1660 Super, AMD Radeon RX 570, or AMD Radeon RX 560, which can get you a good performance without a huge price tag. For the CPU, a low-end chip like the Intel Pentium G4560 or AMD Ryzen 3 1200 is sufficient. With the right setup, you can start mining cryptocurrency without spending a lot of money. Pool mining When it comes to other low-cost cryptocurrency mining options, pool mining may be your cheap ticket to the game. Instead of investing in an expensive mining rig, you can join a mining pool like CGMiner, BFGMiner, or EasyMiner. Pool mining allows you to join other miners and share profits based on the amount of work completed, meaning you don’t need expensive hardware to start earning cryptocurrency. However, mining pools typically have pool fees, which reduce the amount of money you earn, and sometimes reduce the reward based on the percentage of work completed. Browser-based mining Browser-based mining is an entry-level move that allows you to mine small amounts of cryptocurrency while you are online, using only your browser. While it won’t make you a millionaire overnight, it doesn’t require fancy hardware or expensive ASICs. Simply use a mining site like CryptoTab and let your computer’s processing power do the work. Another option is a built-in mining script, which runs on a website and uses the visitor’s computer power to mine cryptocurrencies in the background. The downside is that browser-based mining is slow, consumes system resources, slows down browsing, and offers little return compared to traditional mining setups. Which cryptocurrency is cheaper for me?Mining requirements vary for different cryptocurrencies because each cryptocurrency uses different algorithms, block fees, and network complexity, all of which affect the computing power and energy consumption required for mining. If you want to get into crypto mining on a budget, it’s important to focus on coins that use less resource-intensive…

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Is the Bitcoin DCA platform dead? Here’s what traders think

Some cryptocurrency traders are saying that altcoins are a better option than Bitcoin right now,” though not everyone agrees. As prices tumbled in the final days of 2024, Bitcoin’s dominance has returned to nearly 60%, and traders are clearly realizing that it’s time to shift their accumulation strategies to altcoins. “Currently, altcoins offer a much better R/R [risk-on-reward] than Bitcoin,” anonymous cryptocurrency trader Dyme said in a note on December 27, adding: “Bitcoin’s DCA period has now exceeded 1.5 years.” A survey published by Kraken on October 10 found that nearly 83.5% of crypto investors use a dollar-cost averaging (DCA) strategy, and 59% still use it as their primary method of buy crypto currency. 7. A DCA strategy involves investing a certain amount of money in an asset at set and consistent times to capture the highs and lows to reach an average selling price. Dyme said that the $64,400 mark could be a higher risk/reward ratio for the meme currency. However, Dyme said that Bitcoin’s price is currently down to $96,438 and investors should “stay the course and continue to move higher.” Soap Capital CEO Tyler Durdan echoed similar sentiments in a statement on Dec. 12. 26 X posted that “the next stage is going to be very clear.” Durdan added: “I think this is probably the last stage because the change is still the issue.” Adam Cochran, partner at Cinnaeamhain Ventures, seemed to agree, saying that the US Bitcoin Strategic Reserve is “not likely at this Conference,” making it difficult for Bitcoin to outperform the rest of the market in the short term. “Other assets benefiting from regulatory clarity, new product launches, the new era of ICOs, etc., will suck a lot of money out of the BTC space,” Cochran said in his December 26 post. A shift in America’s “top-down” attitude toward Bitcoin However, some observers, including Blockchain Association CEO Kristen Smith, say Bitcoin’s momentum is far from over, with new investor momentum still growing even at this stage of the cycle. In December. Smith told CNBC on February 26 that Bitcoin could hit $200,000 before falling to $50,000. That’s a 108% increase from Bitcoin’s current price, according to CoinMarketCap. Bitcoin is currently trading at $95,720, with CryptoQuant contributor Darkfost recently calling $95,000 a “useful point to implement a DCA strategy.” Smith also said that the incoming Trump administration, along with changing “on-the-ground” attitudes in the United States and the addition of more financial advisors, could lead to a new wave of capital inflows into Bitcoin. “As more financial advisors advise their clients to do this, I think more people will jump into Bitcoin,” Smith said. “People are still looking for more Bitcoin, not less,” he added.

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Bitcoin price drops 4% as TradingView ‘error’ leaves power to zero

Bitcoin on December 26th seemed to be a market reaction to the fake TradingView chart data. The apparent market error killed Bitcoin’s rise Bitcoin BTC prices quickly fell to $95,569, down 4%, ending the Christmas trading environment, according to data from Cointelegraph Markets Pro. Bitcoin fell to $95,000 as social media users reported the negative trend on TradingView’s Bitcoin chart. This shows that Bitcoin’s share of the cryptocurrency market cap has dropped to 0%. The error was later corrected, and is believed to have been the result of a knee-jerk reaction to the trading, sending BTC/USD lower. – So, there was a TradingView error around BTC’s power, causing people to panic buy? Is everyone dumping TradingView now? wrote trader Satoshi Flipper on X. Data from tracking source CoinGlass shows that $33 million in BTC longs have been liquidated in the past four hours at the time of writing. Bitcoin’s market cap has been the subject of increasing concern among traders in recent weeks as altcoins have struggled to maintain new highs. The dominance reached 61.5% in mid-November before the reversal and the expectation of a “different year”. – BTC’s dominance reached the point of destruction in 2021 and was rejected, – concluded the trading account Aqua in its latest analysis for X. “I think BTC’s dominance has reached the point where ALTs will start to outperform BTC in the coming months. Finally, we will see the real ALT moment.” Trader, analyst and investor Michaël van de Poppe compares the strength of altcoins to the dot-com bubble of the early 2000s. – Altcoin prices are still low. The total market cap is just $1.5T. “Dot.com is in a $10-15T bubble,” he said in a Christmas Day post. “This is a sound assessment for the highs over the next few years, and it wouldn’t be surprising to see a 20-50x increase by 2025.” Bitcoin Expects ‘Big Break’ in Q1 2025 Despite the volatility, market players remain bullish on the short-term outlook. Bitcoin and cryptocurrency investor Eljaboom is one of them, predicting that Bitcoin prices will continue to rise after the new year. “$BTC is poised for its next bull run,” he told X-Fans as he added a two-week chart. – The chart has just formed a candlestick pattern on increasing volume, right next to the lower end of the bullish pattern. This behavior indicates an imminent breakout – marked as part of the X-bar. ” If so, the gauge could move the speaker to $110,000 to $130,000 by the end of January, with $120,000 looking like a realistic target. The consolidation here is solid”

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