Today, bitcoin price reached a new all-time high of over $72,000. As per statistics from CoinMarketCap, the largest cryptocurrency reached a new peak of around $72,300. New spot bitcoin exchange-traded funds (ETFs) and expectations that the U.S Federal Reserve would soon reduce interest rates have likely pumped up BTC prices.
Bitcoin, the leading cryptocurrency by market cap, surged to a new all-time high of $69,170, marking its first record peak in over two years. The jubilation was short-lived, as BTC experienced a sharp decline, dropping to a 6-day low of $59,323. This volatility led to a 7% decrease in the
Since Bitcoin ETFs were introduced in January, the price of Ethereum, the second-largest cryptocurrency, has been in the focus. With numerous applications already filed with the SEC, investors think Ethereum’s chances of acquiring a spot ETF are strong. Coinbase has backed Grayscale’s proposal to convert its existing Ethereum Trust product
There has been a dramatic change in the Bitcoin liquidity scenario, especially on U.S cryptocurrency exchanges. The advent of exchange-traded funds (ETFs) in the U.S is largely responsible for the dramatic increase in liquidity shown in recent statistics. The liquidity dynamics of Bitcoin have changed significantly, with US-based crypto exchanges
Ethereum (ETH) has been on a remarkably bullish trajectory, with trading activity surging notably on the last day. This uptick in trading can be attributed to strategic investors positioning themselves ahead of the resumption of Bitcoin ETF trading sessions in the US. Sentiments daily trading volume tracking reveals a significant
Bitcoin whales have been increasing their holdings in recent weeks, as evidenced by data from Santiment showing a notable accumulation trend among wallets holding 1,000 to 10,000 BTC. These wallets have seen a rise in holdings from 24% to over 25%, with an upward trend beginning around January 22 and
The increasing demand for Bitcoin from institutional traders has helped push its price beyond $52,000 in recent times. A change in investor attitude is reflected in the spike in Bitcoin’s price. Since the middle of December, Ethereum’s price has remained within a narrow range. Ethereum has made tremendous gains in
With a price increase that has surpassed $51,000, Bitcoin has reached its highest level since November 2021. Moreover, for the first time in more than two years, the market capitalization of Bitcoin has surpassed the sought-after $1 trillion barrier. At the same time, Ethereum has shown remarkable resilience by breaking
Bitcoin is dominating headlines in the crypto community, especially amid the excitement of the Super Bowl festivities in the US. Crypto netizens’ focus is not on the game but has also turned to influential figures showing support for the largest cryptocurrency by market capitalization. Talking of it, Twitter Founder Jack
Bitcoin enthusiasts were treated to an electrifying start to the weekend as the leading cryptocurrency surged above the $46,000 mark, breaking a month-long lull. The excitement peaked when Bitcoin reached an impressive high of $46,318. However, the elation was short-lived as the price experienced a swift correction, dropping to $45,885
