The trillion-dollar crypto market witnesses yet another notable 24-hour drop of over 6%. Prices of the largest crypto members declining to further lows — Bitcoin (BTC) dropped below $26,500 and Ethereum (ETH) below $1,700 — drew major attention. Amid this downtrend, Ripple’s XRP and Litecoin (LTC) recorded maximum double-digit losses
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Bitcoin, the pioneer cryptocurrency, has experienced bullish momentum over the past 48 hours. However, despite the positive trend, BTC has struggled to breach the significant $30,000 mark. Meanwhile, the release of the US Consumer Price (CP) data, which jumped to 3.2% in July, a lesser than expected 3.3%, led to
Bitcoin, the dominant cryptocurrency by market capitalization, recently surged to $30,144 just a few hours ago, sparking excitement within the community after two weeks of anticipation. However, this surge was short-lived as the price swiftly plummeted to $29,940 within half an hour. Notably, this was followed by Novogratz, a cryptocurrency
In the cryptocurrency realm, a significant trend emerges as more investors embrace a patient approach. A substantial portion of Bitcoin, about 68.54% of the total supply, has remained dormant for at least a year, reflecting a preference for a long-term investment strategy. Data from Glassnode, a blockchain analytics firm, reveals
Glassnode, a blockchain analytics company, reports that the number of Bitcoins held by long-term holders has hit a new high of 14.599 million. A total of 43,949 Bitcoin, or almost $1.274 billion has been added to these wallets during the last week. Addresses that have held Bitcoins for 155 days
Investors in Bitcoin (BTC) are in a bind as the value of the leading cryptocurrency continues to consolidate. Crypto whales are being driven away as evidenced by the 30% volume drop. The price of Bitcoin is $29,054 at the time of writing as per data from CMC. Earlier on Aug
Bitcoin, the largest cryptocurrency by market capitalization, is currently causing concern among investors and traders due to its strong bearish momentum. On August 2nd, BTC broke through its downtrend week, reaching the $29,995 mark, and briefly exhibited a bullish moment following an announcement from MicroStrategy. The company revealed plans to sell
The first half of 2023 has been a roller-coaster ride for the cryptocurrency world, with a series of significant events and developments that have left a profound impact on various altcoins. As Bitcoin hit a remarkable $30,000 upmark and the SEC lawsuit took a surprising turn, altcoins experienced unprecedented volatility,
After the last halving event on Aug 5, 2019, Litcoin Halving happened yesterday (Aug 2, 2023) as per the schedule. The expectation of the halving event kept predominantly to impact the price with a surge yet the result ended up with a drop of 6% in approximation. However, a total
