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In a rollercoaster week for the global cryptocurrency market, Bitcoin (BTC) led a bullish rally, nearly reaching a seven-week high of $28.3K on Monday, positively influencing various digital currencies. However, the market faced a sudden downturn today, plummeting by 2.56%. Bitcoin (BTC) Price Chart (Source: CoinMarketCap) Bitcoin experienced a surge
Bitcoin, the largest cryptocurrency by market capitalization, has been making significant strides with a remarkable bull run. Over the weekend, it surged from $27,132 to $28,494 before retracing to $27,601. Despite a bearish September, this past week has seen a resurgence of bullish sentiment, resulting in some price volatility. The
Now that Bitcoin is back in the limelight, industry watchers and investors are eager to forecast its next move. As experts referred to ETF optimism and seasonality as a few factors for the increases, BTC climbed past the $28,000 barrier early Monday to register the highest level in almost a
The price of bitcoin has witnessed slight correction lately after a significant rally to $27,200 mark. As a result, there is a great deal of unpredictability in the crypto market. Moreover, the SEC recently postponed a decision on a Spot Bitcoin exchange-traded fund (ETF) application from Blackrock, a global leader
On Friday afternoon, Singapore authorities detained Su Zhu, a co-founder of the defunct cryptocurrency hedge firm Three Arrows Capital, at Changi Airport. According to Teneo, which is in charge of winding down the failed hedge firm, he was attempting to escape the country when he was arrested. Both Zhu and
In light of the impending government shutdown in the U.S, the SEC has postponed a judgement on several proposals for spot Bitcoin ETFs, among them BlackRock’s. Separate filings from September 28 indicate that the SEC has also postponed the applications of Invesco, Bitwise, and Valkyrie for spot Bitcoin ETFs, and
As the U.S. stock market continued its downward spiral on Wednesday, bitcoin’s price made a failed attempt to regain the $27,000 barrier. For the cryptocurrency industry to see sustained development, it may need a strong catalyst such as a Spot BTC or ETH ETF approval. Bitcoin supply owned by U.S.
Bitcoin, the cryptocurrency with the largest market capitalization, has been facing sustained bearish pressure since the second quarter of this year. BTC has continued its downward trend, and on September 11, it reached a three-month low of $24,930. Although it briefly recovered to $27,488 on September 18, the past week
Cryptocurrency, like many other emerging technologies, was first ignored in India. It seemed as if Indians were hesitant to even acknowledge the industry existed. Lately, the government’s attitude on VDAs (virtual digital assets) has changed significantly due to widespread usage both internationally and in India. In 2022, this was formalized
The recent announcement by Citibank to provide blockchain technology for institutional deposits, convertible into “Citibank tokens” for round the clock cross-border transactions, is a major step forward in the evolution of the financial industry. Robert Kiyosaki, an investor and author, tweeted that Citibank’s recent engagement might mark a turning point
