The price of Ethereum (ETH) has turned green, despite failing to maintain the momentum during the New Year. Bulls are extending the range formation and building up more trend impetus thanks to the robust purchasing action near the $2200 support zone. Breakout opportunities are enhanced by the surge in purchasing
Bitcoin soared past $45,000, reaching heights of $47,000, marking an unprecedented climb since April ’22. This surge is undeniably fueled by growing speculation around a potential Securities and Exchange Commission (SEC) approval of the first spot BTC exchange-traded fund (ETF). Analysts from Bloomberg Intelligence cite a staggering 95% likelihood of
With Bitcoin’s price rising back above $45,000, crypto investors had every reason to be excited at the start of the new week. Early reports indicated that on January 5, BlackRock bought $10 million worth of Bitcoin. The investment firm had anticipated a volume of over $2 billion for its Spot
The asset manager VanEck plans to compensate the Bitcoin core developers once its spot Bitcoin exchange-traded fund application is approved by the U.S. SEC. Ahead of any potential approval of their spot Bitcoin ETF application, VanEck announced on January 5th via Twitter that it would be contributing 5% of its
Q4 2023 saw record highs across the board for digital asset markets as institutional investors amplified their bullish positions in preparation for the anticipated approval of a spot Bitcoin ETF in the U.S. Increased optimistic mood prompted by several reasons contributing to good on-chain metrics is detailed in a new
A strategic purchase of Solscan, the renowned block explorer of Solana, has been announced by Etherscan, a major Ethereum network block explorer, API, and analytics platform. As stated in the release, the Solscan ecosystem is now officially a part of the Etherscan portfolio, including Bscscan, an explorer for the BNB
Prominent Bitcoin supporter Michael Saylor has declared 2024 “The Year of Bitcoin,” a reflection of the industry’s lofty ambitions. On December 27, 2023, MicroStrategy, headed by Michael Saylor, made a daring move by acquiring 14,620 BTC, which is worth almost $615 million. A total of 189,150 BTC is now in
Vitalik Buterin, co-founder of Ethereum, has shared his year-end reflections on the network and returning it to its cypherpunk origins. Reminiscent of Ethereum’s “cypherpunk” roots, the December 28 blog post restated the cryptocurrency’s fundamental principles. Bitcoin and Ethereum had lofty aspirations in their infancy, with the goal of creating a
Under the leadership of CEO Michael Saylor, MicroStrategy yesterday spent an unprecedented $615.7 million to purchase 14,620 BTC, at an average price of $42,110 in December. Renowned Bitcoin advocate Max Keiser explained Saylor’s lofty objective, which is at the heart of this and all earlier substantial transactions. Bitcoin Accumulation Spree
Bitcoin has bounced back from its losses in 2022, reaching a new annual high and exhibiting indications of a robust year-end. Looking at past trends, it seems like there may be more growth ahead. This month, BTC reached a new year high of more than $44,000, recouping most of the
