Bitcoin has experienced a notable surge in the past weeks, breaking through consecutive price resistances and reaching new yearly highs, surpassing $44,000 with a 15% gain in the last 7 days. Beyond the excitement surrounding spot Bitcoin ETFs, on-chain data reveals heightened activity among significant holders. Santiment, an on-chain analytics platform, notes a correlation between…
On December 4th, Bitcoin (BTC) experienced a surprising rise in its age-consumed metric, pointing to a notable increase in coins that were previously inactive now re-entering circulation. This noteworthy change, with a 400% surge within a single day, might suggest that the Bitcoin market could see increased price volatility in the near future. Decoding Cryptocurrency…
Big investment company BlackRock is diving into the world of Bitcoin with a substantial move. They got $100,000, often called “seed capital,” on October 27, 2023, to kickstart a new type of Bitcoin investment known as an exchange-traded fund (ETF). Think of seed capital as the initial boost to kickstart a project. In the case…
Right now, all the cryptocurrencies put together are worth the most they’ve been since May 2022. Back then, things took a downturn in the crypto world after Terra faced some issues, starting what people called the “crypto winter.” Now, it seems like the market is bouncing back and reaching new highs. Just recently, Bitcoin reached…
Bitcoin’s value has surged above $42,000, reaching its highest point in 20 months. This significant increase is attributed to several factors, including the potential approval of a Bitcoin ETF by the SEC, resolution of market controversies, and an upcoming halving event. The combination of these positive developments has contributed to the renewed confidence and enthusiasm…
Bitcoin (BTC) has now become one of the top 10 largest assets based on market capitalization. This means that Bitcoin’s overall value is among the highest globally, showcasing its significance in the financial landscape. As per Infinite Market Cap, Bitcoin (BTC) has outpaced major players like Berkshire Hathaway, Tesla, and Visa. The data from the…
Bitcoin’s price surged close to $40,000, resulting in short sellers facing losses of over $100 million in the last 24 hours. Interestingly, while the overall cryptocurrency market experienced positive momentum, the gains were not reflected in the supply of wrapped Bitcoin (wBTC) on the Ethereum network. Crypto Market Witnesses Over $140 Million in Liquidations Amid…
Ethereum has recently made a significant move that could pave the way for reaching $3,000. Ethereum (ETH) has shown strong bullish signs by breaking an important resistance level. The recent charts depict an upward trend, sparking discussions among investors and analysts about the potential for the ETH/USD chart to hit the sought-after $3,000 mark soon….
The collaboration marks a significant shift in how traditional Web2 banks can engage with cryptocurrency services. This partnership fundamentally transforms the way these banks and crypto services can cooperate, opening new avenues for integration and cooperation in the financial landscape. Binance has introduced a groundbreaking feature that allows institutional investors to store their trading collateral…
Bulls in the crypto market are eyeing the $40,000 milestone as the largest cryptocurrency, Bitcoin (BTC), hits an 18-month high, reaching $38,707 with a 2.5% gain. The surge in Bitcoin’s value is linked to various factors, such as positive sentiments from influential investors and shifts in economic conditions. These factors contribute to the cryptocurrency’s recent…