After a brutal sell-off over the last four days, the world's largest cryptocurrency Bitcoin has shown a healthy bounce back gaining 5%. The Bitcoin price has surged back above its 200-day moving average of $50,000. As of press time, BTC is trading 4.36% up at a price of $51,230 with its market cap just short The post Whale Re-accumulation Pushes Bitcoin (BTC) Above...
Binance, the...
Two days after appointing India-born Parag Agarwal as the new CEO of Twitter, founder Jack Dorsey has set himself for another mission. The Twitter founder is hinting at putting a major focus on developments in the blockchain and crypto space. On Wednesday, December 1, Dorsey's financial services firm Sqaure Inc. announced its rebranding to Block The post Jack Dorsey Takes A Big Bet...
Bitcoin has been under major pressure over the last week and facing strong resistance currently at $60,000 levels. As of press time, Bitcoin is trading 1% down under $57,000 with a market cap of $1.075 trillion. Although Bitcoin remains under pressure its on-chain fundamentals signify signs of major strength and accumulation. As on-chain data provider The post Non-Zero Bitcoin (BTC) Addresses Reach An...
Last week, El Salvador announced plans to launch a Bitcoin City along with launching $1 billion in Bitcoin bonds. However, the country's aggressive adoption of BTC hasn't gone well with the global community. El Salvador's Dollar debt has been tanking significantly and dropped another 2.2 cents on Monday, November 22. El Salvador’s dollar-denominated notes, due The post El Salvador's USD-denominated Bonds Take a...
The Latin American country El Salvador has announced its plans to launch the world's first 'Bitcoin City'. Country President Nayib Bukele took the center stage at an event on Saturday, November 20. As per the announcement, Bitcoin City will be initially funded by Bitcoin bonds. Besides, the city planned to the east of the country The post El Salvador Announces Bitcoin City, Plans...
Crypto market correction deepens further with Bitcoin (BTC) correcting an additional 7% and slipping under $56,000 levels. On the monthly chart, Bitcoin has formed a new bottom as it continues to break crucial support levels. The world's largest cryptocurrency has also extended its weekly losses to more than 15%. As of press time, BTC is The post Bitcoin (BTC) Price Slips Under $56,000,...
It has been a brutal week so far for Bitcoin and crypto investors. The world's largest cryptocurrency Bitcoin is down 10% over the last few days and is currently trading under $60,000 levels. Several analysts have been giving six- figure targets for Bitcoin while comparing it to the 2017 bull run. However, the founder of IntoTheBlock The post Bitcoin's Institutional Activity Is 8x from...
Last Saturday, November 14, Coingape reported that the long-term Bitcoin holders have started distributing their coins indicating a bearish move in the market and here were are today! Bitcoin (BTC) and the overall cryptocurrency market have corrected by 8% as of writing this story. As of press time, BTC is trading 8% down at a The post Crypto Market Bloodbath: Bitcoin (BTC) Tanks...
After hitting its all-time high of $69,000 earlier this week, the world's largest cryptocurrency Bitcoin (BTC) has been moving sideways. As of press time, Bitcoin is trading 1.75% down at a price of $63,823 with a market cap of 1.203 trillion. Some on-chain metrics show that long-term BTC holders have started with profit-booking and distributing The post Bitcoin (BTC) Long-Term Holder Distribution Begins,...
On Wednesday, November 10, the Bitcoin price shot up significantly to a new all-time high of $69,000 soon after the U.S. reported a 6.2% surge in the Consumer Price Index (CPI). This shows that inflation in the United States has been growing up at the fastest rate since the 1990s. Affected by the CPI data The post Bitcoin (BTC) Hits New ATH With...
The world's...
The U.S. market has just witnessed the launch of futures-linked Bitcoin ETFs in the market. However, there's been an increased demand for spot Bitcoin exchange-traded funds, which directly tracks the underlying asset class, from institutional players as well as lawmakers. Speaking at the Bloomberg Financial Innovation Summit on Thursday, November 4, Bitcoin evangelist and MicroStrategy The post Michael Saylor: Bitcoin ETFs Will Completely...
On Wednesday, October 27, Bitcoin (BTC) and the overall cryptocurrency market entered a strong correction with the BTC price slipping under $60,000 levels. Citing some opportunity here, the Latin American nation El Salvador bought the Bitcoin dip adding 420 Bitcoins worth $25 million to the Treasury. "It was a long wait, but worth it. We The post El Salvador Buys the Bitcoin Dip...
After hitting an all-time high last week above $67,000 Bitcoin (BTC) has once again come under pressure. The world's largest crypto is trading 1.79% down at $61,169 with a market cap of $1.156 trillion. But despite this, the general news and optimism around Bitcoin remain high. Valkyrie Investments, which launched its Bitcoin futures ETF last The post Bitcoin (BTC) Under Pressure, Can Valkyrie's...
The world's largest cryptocurrency Bitcoin (BTC) has been consolidating around $62,000 after last week's strong rally. The euphoria in the market has been pretty strong following the launch of the ProShares Strategy Bitcoin ETF last week. Since the Bitcoin ETF tracks the CME Bitcoin futures, the open interest for the CME Bitcoin Futures has surged The post CME Bitcoin Futures Open Interest Up...
On Wednesday, October 20, the...
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