Bitcoin

On the 14th of February, the overall capitalization of the crypto market hit a major milestone as it crossed the $2 trillion mark. The main contributing factor in this remarkable rise is Bitcoin, the leading digital currency after it broke an important hurdle not broken ever since December ’21. The excitement is palpable among its […]

Bitcoin surged past the $50,000 mark on Feb 12th, 2024, and this remarkable spike coincided with heightened institutional demand and potential interest rate cuts. The imminent Bitcoin halving marks a significant departure from the conditions observed two years ago. The last time #BTC was at $50,000: – >50% of supply held by lettuce hands– Terra/Luna […]

A pivotal shift in Bitcoin market dynamics is on the horizon, as suggested by an insightful analysis from asset management firm Grayscale. With April’s highly anticipated halving event, experts predict that fundamental changes to cryptocurrency’s demand-supply equation will profoundly influence its price trajectory. Bitcoin has historically shown significant price increases following halving events, which reduce […]

Bitcoin’s on-chain volume hit $1.21 trillion in January 2024, surpassing any month since September 2022. The volume tripled September 2023’s $400 billion total, according to data from The Block. Bitcoin’s transaction volume has risen consecutively for the fourth month since January, rebounding from a low of $550 billion in September 2023. The January 2024 total […]

In a recent update, renowned crypto analyst and Bitcoin enthusiast Michael Van de Poppe provided valuable insights into the future trajectories of various altcoins, shedding light on potential opportunities for investors in the ever-dynamic cryptocurrency market. #Altcoins to buy or #Altcoins to sell. In this update, I'm talking about the recent movements and market corrections. […]

Bitcoin (BTC) rebounded strongly, reclaiming a crucial level at $42,000, while Ethereum (ETH) saw a modest uptick in its price. Santiment highlighted that Bitcoin underwent a decline, retracing to $38,500 before staging a slight recovery to $42,007 today. However, this positive movement in Bitcoin stands in contrast to the relatively lackluster performance of altcoins. However, […]

In the aftermath of the much-anticipated spot Bitcoin ETF launch, the market has failed to sustain a bullish momentum, triggering a bearish wave that has left investors on edge. The Bitcoin price, which initially experienced a minor upswing, is now grappling with significant pullbacks, raising questions about the cryptocurrency’s immediate future. Bitcoin Price Trend: From […]

The price of Bitcoin plunged below the key $39,000 support level earlier today, sparking apprehension and unease within the cryptocurrency community. While many market enthusiasts had anticipated a bullish resurgence for Bitcoin following the U.S. Securities and Exchange Commission’s approval of Spot Bitcoin ETFs last month, the stark reality of this latest price retreat seems to […]

The cryptocurrency market is facing a downturn for three key reasons. Amidst heightened volatility, the crypto market faces a $25 million Bitcoin outflow linked to Spot Bitcoin ETFs. The market cap is declining from a $1.80 trillion peak. Uncertainty looms over the impact of the imminent $25 billion Grayscale Bitcoin Trust (GBTC) liquidation on Bitcoin […]