The month of February was monumental for Bitcoin, with its value surging by over $18,000. This impressive performance has spilled over into March, pushing the Bitcoin price past the $65,000 mark for the first time since 2021. Many analysts, including Markus Thielen, the head of research at Matrixport, are optimistic about Bitcoin’s future price trajectory.
Bitcoin prices experienced a significant surge, reaching $65,500 in early trading on Monday, March 4. This surge propelled the asset to its highest price since November 2021, coming just 5% shy of its all-time high. Additionally, Bitcoin has seen a remarkable increase of over 300% from its cycle low of nearly $16,000 in December 2022.
Recently, Hong Kong’s Securities and Futures Commission (SFC) raised an alarm against suspicious websites that are posing as licensed crypto exchanges within the city-state. The warning highlighted the deceptive tactics employed by these websites, which impersonate legitimate entities like Hash Blockchain Limited and OSL Digital Securities Limited. These fraudulent websites have managed to mislead unsuspecting
In recent times, the cryptocurrency industry has witnessed the rise of niche asset classes during bull markets. NFTs and meme coins have emerged as major players in the market, gaining significant attention and driving profits for investors. With the ongoing bullish cycle in the market, experts are closely monitoring the trends to see if a
The recent surge in Non-Fungible Token (NFT) sales has garnered significant attention, with the Bitcoin network leading the way in impressive performance. Last week, the Bitcoin blockchain recorded over $162 million in transactions, marking a remarkable 76% increase from the previous week. This staggering figure solidifies Bitcoin’s position as a dominant force in the NFT
In the world of blockchain gaming, NFT Worlds faced a significant setback when Minecraft decided to ban NFTs in 2022. This move forced NFT Worlds to reassess its strategy and led to a complete rebranding as Hytopia. With the ban on NFTs disrupting their operations, NFT Worlds had to find a new way forward. This
Ilya Lichtenstein, once known for his involvement in the looting of billions of dollars from Bitfinex, has now taken a surprising turn by assisting federal prosecutors in building a case against Bitcoin Fog, a popular crypto mixing service. In a shocking twist of events, Lichtenstein pleaded guilty to money laundering charges last year after successfully
In recent weeks, Bitcoin’s price has seen significant increases, surpassing $62,000 and sparking speculation about the start of a major bull run. This rally in February represented the longest monthly green candle in the asset’s history, exciting cryptocurrency participants and shocking the naysayers. Despite the rapid ascent, there are several important factors that hint reaching
Recent data from exchange platforms has shown a significant uptick in bullish sentiment among Ethereum traders. According to IntoTheBlock, a staggering $906 million worth of Ethereum was withdrawn from crypto exchanges in the past week. This massive exodus of ETH from exchanges hints at a shift towards a holding mentality among investors, as they anticipate
As Bitcoin surges past the $64,000 price mark, on-chain indicators are sending warning signals that the leading cryptocurrency may be overheating. The rising traders’ unrealized profit margin and the high cost of opening new long positions in perpetual futures markets point towards a possible pause or correction in Bitcoin’s price. This suggests that a significant
The recent settlement between Binance and the U.S. Department of Justice has stirred up a hornet’s nest in Nigeria. The House of Representatives Committee on Financial Crimes has issued an ultimatum to Binance CEO Richard Teng, demanding his appearance before the committee by March 4th. This ultimatum comes on the heels of allegations of financial
In recent news, while Bitcoin has been experiencing a stall in its price momentum, meme coins have been dominating the headlines with incredible gains. One of the standout performers this week has been Dogwifhat (WIF), which has seen a remarkable surge in value. This surge has contributed to an overall increase in the total crypto
In a surprising turn of events, Shiba Inu token loyalists have been flocking towards the rival memecoin project, Golden Inu. This shift in loyalty was largely attributed to the promises made by the Golden Inu developers, including the launch of a play-to-earn game, a crypto ecommerce platform, and a crypto exchange. To the surprise of
Marathon Digital, a major player in the U.S.-based Bitcoin mining industry, recently released its quarterly earnings report, surpassing analyst expectations by a significant margin. Despite this positive outcome, the company’s stock price experienced a temporary dip following the announcement. The market reaction, however, is likely just a short-term fluctuation that does not accurately reflect Marathon