Bank of America: The Correlation of Gold and Bitcoin Has Increased
The two assets are depreciating against the backdrop of a rise in the US dollar.
The two assets are depreciating against the backdrop of a rise in the US dollar.
Catherine Wood, head of management company ARK Invest, has predicted that the capitalization of BTC will hit $4.5 trillion.
The influx of cryptocurrencies to exchanges fell to the lowest level since 2020.
The total volume of lost Bitcoins, as well as BTC stored in the wallets of long-term crypto investors, has reached a five-year high at 7,554,982.124 BTC.
After the latest adjustment to the difficulty of Bitcoin mining that took place yesterday, the figure is up 13.55%.
A Northern District of California jury has charged a local resident with using cryptocurrencies to launder more than $5.3 million in drug proceeds.
Analysts at Ark Invest have found that long-term investors or so-called hodlers have been buying up bitcoins over the past few months.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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