Bitfinex: Bitcoin could hit $200k by mid-2025 with mild price corrections
Bitfinex analysts believe Bitcoin could reach between $140,000 – $200,000 by mid-2025 “Consistent buying pressure” with ETFs will see future Bitcoin price correction “shorter in duration” If Bitcoin follows the 2021 cycle, it has the potential to reach $339,000 Bitcoin could surge to $200,000 under “favorable conditions,” according to a new report from Bitfinex analysts. […]
Bitfinex Securities launches first tokenized US Treasury bill in El Salvador
Bitfinex Securities is teaming up with NexBridge to bring a tokenized US Treasury bill to El Salvador. USTBL leverages Bitcoin’s technology of Liquid Network and Blockstream AMP. Proceeds of the $30 million initial raise are to be allocated in iShares Treasury Bond 0-1yr UCITS ETF, per the announcement. Bitfinex Securities and NexBridge, a digital asset […]
US prosecutors urge judge to hand Bitfinex hack mastermind five-year sentence
The Bitfinex crypto hack resulted in the theft of 120,000 Bitcoin Ilya Lichtenstein used a series of sophisticated methods to hide the stolen funds between 2016 and 2022 He told his wife and co-conspirator about the hack in 2020 who then helped him to hide the stolen assets US prosecutors have told a judge that […]
Bitfinex analysts say BTC is in “transition”
The number of Bitcoin wallets with non-zero BTC balance recently hit a new all-time high of 45.388 million. However, daily active addresses and daily confirmed transactions have fallen. Bitcoin price remains bullish but analysts urge caution as on-chain metrics indicate weakness amid renewed correlation with S&P 500. Bitcoin price currently trends above$28,300, about 0.7% higher […]
Bitcoin on-chain metrics are now bullish: Bitfinex
Bitfinex market report points to bullish metrics for BTC Supply in Profit, Bitcoin Realised HODL (RHODL) Multiple and Reserve Risk ratio are all flashing green. Bitcoin has traded to above $23k again after slipping on Monday following broader market reaction to economic news. Bitcoin is trading around $23,360 at the time of writing, about 2.4% […]