Bit Digital has quickly become an upstart, generating huge excitement in the cryptocurrency sector. Most recently, they’ve taken a big step to increase their investment in Ethereum, in turn making a smart pivot towards the flexibility and programmability that Ethereum offers to the booming decentralized finance (DeFi) sector. The company’s...
Bit Digital's all-in bet on Ethereum is making waves, and frankly, it's got me thinking about the dot-com boom all over again. Remember pets.com? Brilliant idea on paper, disastrous in execution. Is Bit Digital’s move another similar flash in the pan, or are they really onto something? The market’s first...
Today within the increasingly competitive cryptocurrency space, firms are fighting more durable than ever to determine themselves and their strategies as progressive and forward-thinking. Bit Digital has apparently made a complete pivot from Bitcoin mining to … well, we’re not sure yet. This controversial step has sent shockwaves throughout the...
Is Bitcoin’s unstoppable surge to 65% dominance a death warrant for altcoins. The headlines scream "Altcoin Apocalypse!" Let’s face it, that’s a little over-the-top, right? In doing so, we’re missing the forest for the trees. Bitcoin’s strength is not a threat, it is the very thing which will force change.Bitcoin...
Bitcoin now boasts a commanding 65% share of the total cryptocurrency market capitalization. This flurry creates extreme strain on altcoins and further makes improbable the possibility of a forthcoming altcoin rally. Total 2 chart without BTC have been regularly kissed the long-term 200-day moving average. Despite this trend, we have...
Imagine a seasoned investment firm, steeped in tradition, suddenly pivoting its entire portfolio from blue-chip stocks to a promising tech startup. Bit Digital has divested all of its Bitcoin holdings, for an outstanding total of just over $30 million. Fast forward to today, the company has gone all in on...
No wonder Bit Digital’s stock price shot up – a healthy 20% – after they disclosed cashing out all their Bitcoin and switching to Ethereum. Makes you wonder, doesn’t it? Is this a great leap of unadulterated genius, or are we witnessing a high-stakes poker match on the verge of...
Bitcoin, the original cryptocurrency, has continued its reign of dominance in the crypto markets since it first started. Its first-mover advantage, deep embeddedness, occupations of developmental and institutional adoption, and general brand recognition have made sure that Bitcoin is the king of crypto. The emergence of thousands of alternative cryptocurrencies,...
New innovations are happening every day, and the crypto market continues to be a hotbed of development and activity. Cryptocurrency investors all have their favorite coins, and altcoin enthusiasts can’t wait for “altcoin season” to begin. This is an altcoin season, a period when other cryptocurrencies outside of bitcoin enjoy...
Forget meme coins and overnight riches. We're on the cusp of a potentially massive altcoin season, and smart money isn't just blindly throwing darts. At the end of the day, it’s data, strategy and the right tools. The real question is not whether altcoins will explode again, but how to...
