The US Federal Reserve has opted to cut interest rates by 50 basis points in a monumental development. The move is a massive moment for the US economy, as it sees the Central Bank cut rates for the first time in four years. The move negatively affected many stocks on the market, seeing them dip…
Este artĂculo tambiĂ©n estĂĄ disponible en español. Bitcoin (BTC) could be gearing up for a new All-Time High (ATH) this year if it breaks through key resistance levels at $60,000. Despite experiencing substantial volatility and price instability over the past few months, analysts express bullish optimism for the cryptocurrency in the coming months. New Bitcoin…
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this…
MicroStrategy has increased its convertible debt offering to $875 million from $700 million to purchase more Bitcoin, according to a Sept. 18 statement. The Virginia-based company aims to raise these funds by selling convertible senior notes with an interest rate of 0.625% annually. These unsecured senior obligations will be available to institutional investors in a…
Traders on the Chicago Mercantile Exchange (CME) have been increasing their short positions on Bitcoin futures ahead of the US Federal Reserve’s interest rate decision, according to K33 analyst David Zimmerman. This move indicates a cautious approach in the market, as the Federal Open Market Committee (FOMC) is expected to announce its latest interest rate…
Bitcoin is a legitimate financial asset that offers new opportunities, says BlackRock chief executive officer Larry Fink. What does this mean for other cryptocurrencies like Bitcoin Dogs (0DOG)? Bitcoin is a legitimate financial asset, Larry Finks says While the Blackrock CEO acknowledges his previous skeptical stance around Bitcoin and crypto, he says heâs learned about…
Bitcoinâs price surge to $60,654 reflects a 4.30% daily increase, nearing key resistance levels. Whale transfers and a $186.76 million inflow into the U.S. Spot Bitcoin ETF highlight institutional interest. Bitcoin is currently experiencing significant upward momentum, trading at $60,654, reflecting a 4.30% increase over the past day. This price is nearing a key resistance…
An analyst has explained how the worst could be behind for Bitcoin, and Q4 may bring back bullish momentum if history is anything to go by. Q3 Has Historically Been The Worst Time For Bitcoin Investors In a new post on X, Capriole Investments founder Charles Edwards talked about how investors are going through the…
Bitcoin prices are fluctuating as central banks hint at interest rate cuts. Many wonder if these cuts could push Bitcoin to new highs. Also Read: Ripple: XRP Outperforms Top 10 Cryptocurrencies, Rallies 8.8% How Central Banksâ Rate Cuts and Bitcoin ETFs Could Propel Bitcoin to $100K Source: Freepik.com Anticipation Builds for Fed Rate Decision The…
On September 18, 2024, a congressional hearing will include former senior officials of the United States Securities and Exchange Commission (SEC) who are scheduled to provide testimony against the agency. The hearing, entitled âDazed and Confused: Analyzing the SECâs Politicized Approach to Digital Assets,â will examine the SECâs contentious rules on crypto under Chair Gary…
Bitcoin (BTC) remained above $60,000 early Wednesday, after a brief decline below this threshold during late U.S. hours. Traders anticipate that U.S. Federal Open Market Committee (FOMC) chair Jerome Powell will announce interest rate reductions during the upcoming meeting. BTC was trading at slightly above $60,300 at the time of reporting, reflecting an increase of…
September 18, 2024 at 10:30 AM GST updated: September 18, 2024 at 09:23 AM 1 min read News Bitcoin (BTC) reclaims the $60,000 price level reigniting bullish sentiment. One analyst highlights the strengthening of the Hidden Bullish Divergence pattern. The analyst expects Bitcoin (BTC) to hit a new high of over $116,000 this bull run….
Este artĂculo tambiĂ©n estĂĄ disponible en español. The recent XRP price action has sparked a broader bullish sentiment among crypto investors and analysts. The cryptocurrencyâs 10% surge in the last week has driven the price above levels not seen in nearly a month, continuing its green performance in most long-term timeframes. As a result, some…
The cryptocurrency market has been on a roller coaster ride lately. Bitcoin (BTC) has struggled to maintain its position over the $60,000 mark. The last seven days, however, have played out positively for the king coin as it surged by over 7% and managed to rise to a high value of $61,000. BTC traded at…
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edymeâs foray into the crypto universe is nothing…
The rise of decentralized finance is particularly strong in regions with weak banking systems, such as Sub-Saharan Africa, Latin America, and Eastern Europe. Experts believe this is because defi offers financial tools and services traditionally unavailable to people in these areas. Experts point to the user-friendliness and security of defi compared to traditional financial institutions…
As the crypto community awaits the Federal Reserve’s (Fed) rate cut announcement on September 18, the stakes are high for Bitcoin (BTC) and the broader financial landscape. This upcoming decision marks the first central bank rate cut since the Fed slashed its key rate to near zero in March 2020 amid the COVID-19 pandemic. Will A…
Rumors have been circulating that Coinbase is issuing Bitcoin IOUs (or âpaper Bitcoinâ) to BlackRock, which ultimately was manipulating the price of crypto lower. Coinbase CEO Brian Armstrong, as well as other industry experts, quickly put the rumors to bed on Monday, after an X user brought the rumors to light over the weekend. X…
Este artĂculo tambiĂ©n estĂĄ disponible en español. BlackRockâs iShare Bitcoin Trust (IBIT) registered its first daily net inflow in three weeks, leading to US spot Bitcoin exchange-traded-funds (ETFs) witnessing a combined net inflow of $12.8 million, data from Farside Investors confirms. BlackRockâs Spot Bitcoin ETF Attracts Net Inflows, How About Other ETFs? BlackRock forayed into…
After being publicly condemned by governments worldwide, Bitcoin (BTC) emerged as a popular asset. Several nations have developed a new interest in the cryptocurrency sector. While countries like El Salvador have been going all in, a few others, like India, have been taking it fairly slower. Amidst this, a small country with a GDP of…
Bitcoin increased about 6% to surpass $61,000, concluding a three-day decline and recovering. The most valuable crypto globally is currently trading at $60,935, reflecting a 5.5% increase in the last 24 hours. The broader crypto market saw signs of revival, increasing its total value by over $45 billion, with Bitcoin and Ethereum spearheading the resurgence….
September 17, 2024 at 08:50 PM GST updated: September 17, 2024 at 06:14 PM 2 mins read News Toncoin, Polkadot, and Tron are primed for growth as Bitcoin rallies.  Toncoin excels in decentralized communication with fast, scalable transactions.  Polkadot boosts cross-chain interoperability while Tron powers decentralized apps for digital content.  Altcoin season is almost here,…
On Monday, BlackRockâs Bitcoin ETF, IBIT, posted its first net inflows in two weeks, according to data from Farside Investors. The iShares Bitcoin Trust (IBIT), the largest of the bitcoin ETFs by assets under management, drew $15.8 million of new money yesterday. The exchange-traded fund ended a streak of 13 days of flat or negative…
Bhutan, a small Himalayan monarchy, has emerged as a prominent player in the cryptocurrency world, with 13,011 Bitcoin (BTC) worth around $780 million, according to Arkham Intelligence. Bhutanâs Bitcoin reserves are unique in that they are the outcome of large mining operations, as opposed to other governmentsâ Bitcoin assets, which are frequently derived from seized…
Several traditional banks have been embracing the digital wave by testing cryptocurrency water. Singaporeâs largest bank, DBS, has joined the ranks of its counterparts as it announced the launch of over-the-counter (OTC) Bitcoin (BTC) and Ethereum (ETH) options trading as well as structured notes. The bankâs institutional clients will be able to employ this service…
Peter Schiff warns of a potential Bitcoin drop to $15K before any chance of reaching extreme highs like $1 million. Schiff continues to criticize Bitcoinâs long-term value, contrasting sharply with bullish forecasts and urging caution amid high volatility. Following a recent update, we discussed Peter Schiffâs recommendation that all companies should sell their assets, buy…
Este artĂculo tambiĂ©n estĂĄ disponible en español. Crypto analyst Ali Martinez has revealed the bearish sentiment among Binanceâs top traders towards Bitcoin. This development suggests that the flagship crypto might soon experience significant downward pressure. Binance Top Traders Are Shorting BTC Martinez revealed in an X (formerly Twitter) post that 51.41% of the top traders…
Bitcoin saw a significant recovery, attracting $436 million in inflows as market optimism grows over potential U.S. Federal Reserve interest rate cuts. Ethereum faces $19 million outflows due to concerns over profitability in its Layer 1 operations, while Solana continues to attract positive inflows. Digital asset investment products have rebounded dramatically, with CoinShares reporting inflows…
Bitcoin prices sit near $58,000 as markets await the Federal Reserveâs rate decision. BTC has also seen wild swings lately, as did almost the entire market. Mining profits are down, even as network computing power rises. Letâs dive right in and explore this topic further. Scroll down for more info! Also Read: Shiba Inu (SHIB)…
Bitcoin price showed a modest price dip in the last 24 hours. The cryptocurrencyâs daily trading volume surged by 20.27% as per CMC data. The crypto market seems determined to abstain from upward movements in the past few months. The May bull run left investors hoping for huge price actions in the following months which…
MicroStrategy Incorporated intends to privately issue $700 million in convertible senior notes maturing in 2028, contingent upon market conditions. The business anticipates granting an option to acquire an additional $105 million in notes to first purchasers within 13 days of the notesâ issuance. The funds will be allocated to redeem its $500 million senior secured…
Tetherâs USDT stablecoin now holds more than 75% of the stablecoin market, a considerable increase from 55% in 2022. This increase is attributed to the growing demand for USDT as a reliable middleman between fiat currencies and digital assets. With a circulating supply of $118 billion, USDT has witnessed consistent adoption throughout crypto marketplaces, bolstered…
Hillsborough and Campbell, California, residents have been alerted to a new email scam, according to local police departments. Scammers are sending emails containing personal details and photos of victims’ homes, threatening to release private information unless they pay $2,000 in bitcoin. The email warns recipients to pay “confidentiality charges” or risk having personal footage shared…
September 17, 2024 at 10:27 AM GST 3 mins read News Understanding the impact of the Fed rate cut is crucial for traders and investors. The Fed rate cut could lead to a parabolic effect in the crypto market. Financial experts weigh in on the expected Fed rate cut and its effect on the crypto…
Este artĂculo tambiĂ©n estĂĄ disponible en español. Data shows that the sentiment of the Bitcoin market has switched to fear after the retrace. BTC has seen a $58,000 level during the past day. Bitcoin Fear & Greed Index Is Pointing At âFearâ Now The âFear & Greed Indexâ is an indicator created by Alternative that…
Peter Schiff predicts Bitcoin may drop to $15,000â$20,000, citing a possible triple top pattern. Crypto Rover and Fred Krueger remain bullish, seeing Bitcoin as a potential disruptor to traditional banking. Bitcoin continues to divide experts and influencers, with predictions ranging from bearish crashes to bullish rallies. According to Peter Schiff, a longtime critic of Bitcoin…
Bitcoin shows hidden bullish divergence, hinting at a potential rally. Analyst Javon Marks highlights key support and resistance levels to watch. Confirmation of the divergence is crucial for validating the bullish signal. Bitcoin (BTC) may be on the verge of another bullish move, according to crypto analyst Javon Marks. He points out a hidden bullish…
Zhaoâs upcoming release is fueling speculation about a potential positive impact on Binance and BNB, potentially boosting Bitcoin sentiment. Market analysts see Zhaoâs release as a key catalyst, suggesting further gains for Binanceâs BNB coin and potential ripple effects on Bitcoinâs performance. Following the case of Binance founder, Changpeng Zhao, who faced a potential sentencing…
Este artĂculo tambiĂ©n estĂĄ disponible en español. As Bitcoin (BTC) grapples with a challenging market environment, it has struggled to regain momentum, hovering around the $53,000 and $60,000 levels for six consecutive weeks. After losing the crucial $70,000 threshold on August 1, the largest cryptocurrency remains at risk of further declines, particularly with the upcoming…
Este artĂculo tambiĂ©n estĂĄ disponible en español. Investors are once again accumulating Bitcoin (BTC) despite previous price declines. Reports indicate that approximately $1.3 billion worth of Bitcoin has been withdrawn from various crypto exchanges, signaling a renewed interest and confidence in the leading cryptocurrency. Bitcoin Accumulation Frenzy Resumes Data from IntoTheBlock has revealed a new…
By adopting Bitcoin, El Salvador hopes to end its reliance on foreign debt by 2025. President Bukele is introducing self-financed budgets, aiming for fiscal independence without international loans. El Salvador President Nayib Bukele announced that the country will no longer rely on external debt beginning in 2025. This bold pledge signals a watershed point in…
The 2024 US election is imminent, with crypto donations totaling $190 million, signifying an increasing connection between the crypto sector and politics. This rise is substantial, as both Democratic and Republican candidates strive to gain the support of the crypto community, indicating a crucial juncture for incorporating digital assets into mainstream politics. The surge of…
Este artĂculo tambiĂ©n estĂĄ disponible en español. Bitcoin (BTC) appears to be bouncing off its summer slumber, say analysts who believe the asset could rebound in the coming months. Recent technical indications and charts suggest that BTC could be on the cusp of a significant price move. The cryptocurrency is geared for a bounce that…
Este artĂculo tambiĂ©n estĂĄ disponible en español. Glassnode co-founders Jan Happel and Yann Allemann recently indicated that a Bitcoin crash to $37,000 would be a good thing. They also explained why they wouldnât be sad about such a massive price decline for the flagship crypto. Bitcoin Dropping To $37,000 Would Be A Steal Happel and…
September 16, 2024 at 01:50 PM GST updated: September 16, 2024 at 01:10 PM 2 mins read News A popular crypto enthusiast, Miles Desutscher says Q4 could catch investors off guard. He goes on to share crucial factors that could prepare investors for upcoming challenges. He expects a monumental market shift for the crypto market…
Bitcoin price recorded a 2.38% decline in daily price movement as per CMC data. The cryptocurrencyâ s daily trading volume surged by 67.96% in the last 24 hours. The overall crypto market entered a slump over the weekend, after prices fell yet another time this month. Amid increased volatility, prices have been struggling to sustain…
Bitcoin velocity measures the rate at which coins are circulating within the market. It is calculated by dividing the trailing 1-year estimated transaction volumeâor the cumulative sum of transferred tokensâby the current supply of Bitcoin. Velocity is an important metric because it indicates the level of economic activity in the network. A higher velocity means…
September 16, 2024 at 10:13 AM GST 2 mins read News BTC market power has reached 57%, its highest level since April 2021. The rise in Bitcoinâs dominance images a move toward stability, as investors focus on BTC during volatile market conditions. Bitcoinâs growing market share presses altcoins, leading to a consolidation trend as investors…
September 16, 2024 at 10:00 AM GST 2 mins read News The launch of Bitcoin futures at CME Group can prove market price formation efficiency and reduce fluctuations in the crypto market. The launch may lead to a higher number of institutional investors entering the cryptocurrency market. Bitcoin futures open up new opportunities for managing…
Marathon Digital Holdings (MARA), a prominent Bitcoin mining enterprise, has augmented its Bitcoin reserves to 26,200 BTC, approximately valued at $1.5 billion. The corporation acquired more than 4,144 BTC on August 14, increasing its reserves to over 25,000 BTC. As of the end of August, MARAâs Bitcoin holdings totaled 25,945 BTC. MARA adheres to a…