Bitcoin
Bitcoin ATM Installations Reach 38K, Below All-Time High
The global Bitcoin ATM the market has seen significant growth. There are now more than 38,000 Bitcoin ATMs worldwide, up from just over 10,000 in October 2020 and down 2,000 from its all-time high (ATH) of nearly 40,000 in December 2022.
According to data Available on Coin ATM Radar, the global number of installed Bitcoin ATMs stands at 38,279 at last count.
This expansion is driven by factors such as accessibility and ease of use, profitability for operators earning transaction fees above Bitcoin’s spot price, and favorable regulatory environments in many countries that support setup and expansion.
Additionally, Bitcoin ATMs offer greater privacy and security, allowing users to carry out transactions without disclosing personal information and enabling direct deposits into digital wallets.
Despite its advantages, the industry faces challenges. Many operators lack the experience, financial backing or business acumen needed to succeed, which is compounded by regulatory uncertainties in certain regions.
To address these issues, industry leaders emphasize the importance of public education about the benefits of cryptocurrencies and the need for reliable customer support. Building greater understanding and trust among users could encourage wider adoption of Bitcoin ATMs and digital assets.
As the demand for convenient and secure cryptocurrency transactions grows, the Bitcoin ATM market is poised for even greater expansion. Strategic approaches and supportive regulatory frameworks can propel this industry to a key role in the global adoption of digital assets.
Bitcoin remains stable at US$60 thousand
Bitcoin (BTC) the price trajectory in 2024 was marked by significant volatility and bullish momentum. March saw Bitcoin reach a new all-time high, surpassing $69,000 and briefly touching $73,000 before undergoing a correction.
That outbreak was driven by pivotal events this year: regulators approved the first spot Bitcoin ETFs in January, and April’s halving event reduced the block reward from 6.25 BTC to 3.125 BTC.
Experts to anticipate a new growth cycle in the cryptocurrency market, with the potential to peak between 2024 and 2025, in line with the four-year market cycle theory.
However, external factors such as global developments and regulatory changes can also influence Bitcoin’s price trajectory. Despite continued scrutiny of Bitcoin’s long-term perspectivesits historical resilience suggests the possibility of a recovery.
Analysts maintain optimism about Bitcoin’s future price movements, with some predicting it could surpass $80,000 in the coming years.
Over the past 60 days, the price of Bitcoin has increased by 7.3%, rising from approximately $57,000 to its current level of $61,532.
Bitcoin has lost out on an asset rally fueled by positive comments from the Federal Reserve, while a tight US election race casts doubt on whether Donald Trump will get the chance to implement his pro-crypto agenda.
The digital asset fell 2.4% on Wednesday, following a Fed-fueled surge in an index of megacap tech stocks Magnificent Seven by one of the largest margins in 2024. The token retreated further on Thursday, changing hands at $63,750 as of 6:10 a.m. in London.
Bitcoin
‘This is huge’ — Billionaire Mark Cuban issues ‘incredible’ Bitcoin and crypto prediction amid price slump
Bitcoin
Bitcoin
came back with a vengeance this year when former President Donald Trump Cryptocurrency boosts US presidential election in November with ‘revolutionary’ plan.
The price of bitcoin has surged to more than its all-time high in recent months, surpassing $70,000 per bitcoin and triggering a wave of mega-optimistic predictions about the price of bitcointhough it fell again this week, falling below $65,000 after the Federal Reserve kept interest rates steady.
Now, as Elon Musk suddenly breaks his silence on bitcoin and cryptocurrenciesBillionaire investor Mark Cuban called a California plan to digitize 42 million car titles using blockchain an “incredible step forward” and “huge” for cryptocurrencies.
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Mark Cuban, famous Shark Tank investor and billionaire owner of the NBA team Dallas Mavericks, has… [+] called a cryptocurrency update “amazing” amid bitcoin’s price slump.
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The California Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain, it was reported by Reuters, through technology company Oxhead Alpha on the Avalanche blockchain and designed to detect fraud and facilitate the securities transfer process.
“This is an incredible development for crypto,” Cuban, best known as an investor on TV’s Shark Tank and owner of the Dallas Mavericks NBA team, posted on X, joking that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler could sue the state as part of his hostility toward cryptocurrencies and blockchain technology.
“The reason this is huge for crypto is because people who hold the tokens will have an app with an Avalanche wallet,” Cuban said. “Tens of millions of Californians having and using a crypto wallet in the next five years, or however long it takes, normalizes the use of wallets and crypto.”
John Wu, president of Avalanche developer Ava Labs, told Reuters that California’s DMV is “creating a wallet that you can download on your phone.”
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Bitcoin’s price has rallied this year, triggering a wave of bullish bitcoin price predictions from… [+] people like billionaire Mark Cuban.
Forbes Digital Assets
Last month, Cuban predicted that if the US dollar falls as the global reserve currency, bitcoin could become “a global ‘safe haven’” and a “global currency.” potentially sending the price of bitcoin to a much higher level.
According to Cuban, bitcoin could become what its most ardent supporters “envision” — a means “of protecting our economies… This is already happening in countries facing hyperinflation.”
The price of bitcoin has skyrocketed over the past year, largely due to the world’s largest asset manager, BlackRock, leading a bitcoin attack on Wall Street.
Bitcoin
Bitcoin (BTC) miner Riot Platforms (RIOT)’s second-quarter loss widens to $84.4 million as costs rise
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At a national bitcoin conference in Nashville, Donald Trump finally laid out some of his crypto policy proposals, including a long-awaited part of his plan — building a strategic bitcoin reserve. CNN’s Jon Sarlin explains what it is and why the crypto industry wants it.
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