Bitcoin’s recent surge over the weekend propelled the leading cryptocurrency to a fresh all-time high of nearly $73,000. This increase was supported by a positive start on Monday, setting the stage for a record-breaking achievement. The surge was not limited to Bitcoin alone, as several altcoins, including XRP, also experienced significant gains. Despite lagging behind
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Ethereum’s price has been on a rapid rally in recent weeks, surpassing various resistance levels. However, the price has now reached a significant level that could potentially halt the market’s upward momentum. Observing the daily chart, it is evident that the price has been consistently rising, creating higher highs and higher lows. The market has
Recently, Binance listed Metis (METIS) on its platform, which immediately had a positive impact on the price of the cryptocurrency. This listing came at a time when the broader cryptocurrency market was experiencing a resurgence, with major cryptocurrencies like Bitcoin (BTC) hitting record highs. Binance’s decision to list METIS aligns with its ongoing efforts to
Following the approval of spot Bitcoin ETFs in mid-January, the crypto markets experienced a significant surge of 60%, resulting in the addition of a trillion dollars to the total capitalization. While Bitcoin managed to chart a new all-time high, Ethereum, on the other hand, struggled to surpass the $4,000 level decisively. On March 11, Fox
Russia, as a member of the BRICS alliance, recently unveiled plans for the development of a revolutionary blockchain-based payment system. This system is intended to serve as an independent mechanism for facilitating transactions among BRICS member nations. The alliance, consisting of Brazil, Russia, India, China, and South Africa, is pooling its resources to create a
The Stanford Blyth Fund, a student-run investment entity at the university, made headlines in February when it purchased Bitcoin (BTC) at $45,000 following a pitch from a scholar. This move was part of the fund’s strategy to diversify its portfolio and explore new investment opportunities in the digital asset space. During the pitch to the
Bitcoin’s price is currently on the verge of breaking the previous all-time high to the upside, reaching towards the $70K level. This surge has brought cryptocurrency into uncharted territories, making it difficult to predict its future potential accurately. The Relative Strength Index is indicating overbought conditions, suggesting a possible correction or consolidation in the near
The recent surge of Bitcoin’s price past $70,000 indicates a promising future for the cryptocurrency. Despite the Federal funds rate for borrowing U.S. dollars remaining stable, Bitcoin continues to climb to new heights. This current rally is different from past surges, as it is not solely driven by low-interest rates. According to James Butterfill, head
The year 2022 marked a tumultuous time for the world of cryptocurrency lending, with many platforms facing insurmountable challenges. Among the casualties was Celsius, whose crash left investors reeling in the wake of a violent bear market. However, amidst the chaos, Nexo emerged as a shining example of resilience in the face of adversity. Despite
The recent introduction of spot Bitcoin ETFs has sparked a surge of interest among investors, leading to a noticeable uptick in trading volume. This surge in interest has not only affected Bitcoin’s market, but has also generated a sense of optimism for the overall cryptocurrency market. However, despite this positive momentum, the launch of a
Bitcoin has experienced a series of dramatic price swings in the past few days, with its price surging above $70,000 for the first time ever, only to be sharply rejected shortly after. This rollercoaster ride began with Bitcoin reaching a new all-time high of over $69,000 on Tuesday, followed by a sudden drop of nearly
Pantera Capital, a well-known crypto-focused asset manager, is currently in the process of raising funds from major investors to acquire heavily discounted Solana tokens from the bankruptcy estate of FTX. The company is looking to secure funds for the Pantera Solana Fund, which offers an enticing opportunity to purchase up to $250 million worth of
The discussion around cryptocurrency, particularly Bitcoin, has revealed a stark generational divide. As financial analyst Tom Lee pointed out in a recent CNBC interview, Millennials and Gen Z are more open to adopting cryptocurrency compared to Baby Boomers. This shift in attitude can be attributed to a variety of factors, including technological familiarity and a
Bitcoin’s market resiliency has been a topic of discussion recently, with lead Glassnode analyst James Check predicting a bullish trajectory for the cryptocurrency. According to him, the Bitcoin market has shown stronger foundations compared to previous cycles, citing the entry into a “bull market distribution phase” after the launch of U.S. Bitcoin ETFs by BlackRock