Today, the global cryptocurrency market is displaying a resurgence, with Bitcoin rebounding from a recent dip of $53,489 to surpass the $56,000 mark. At the time of writing, Bitcoin’s price is trading at $56,650, marking a 3.87% increase in the past 24 hours. This recovery follows significant inflows of $143.1
Cryptocurrency remittances to Venezuela have increased dramatically in the last year, reaching over $460 million. In general, the country’s remittances have increased as a result of the large number of migrants caused by the severe economic circumstances. Crypto adoption has been on the rise in Latin America and other regions
Taiwan’s second-largest telecom operator, Taiwan Mobile, has stepped into the cryptocurrency space. The company has applied to become the nation’s 26th Virtual Asset Service Provider (VASP) operator. Acquiring the license, it aims to establish its cryptocurrency exchange. According to the local media report, Taiwan Mobile gained approval after submitting its
The crypto community amidst its expectancy for bull runs has received shock waves this past week. In an additional remark, the crypto market recorded a $110 million liquidation in under an hour, during the Asian morning hours of July 5. With such high liquidation rates, the market has dipped into
U.S Spot Bitcoin ETFs again are seeing withdrawals, with the most recent reaching $35 million, after a short period of inflows. Lookonchain, a blockchain analytics platform, disclosed today that Grayscale (GBTC) withdrawals were $30.7M. The investment asset management organization now has 274,734 units of Bitcoin ($15.76 billion), after this $30.7
The crypto market’s window opened on an anxious note, sliding back to a valuation of $2.13 trillion. With a dip of 4.76%, Bitcoin (BTC) plunged to a two-month low of $57.2K. The fall has caused the altcoins herd to perform at its lowest. Notably, the largest altcoin Ethereum (ETH) fell
The overall crypto market witnessed a 3% dip in market cap in the last 24 hours, constituting two consecutive days of bearish trends. Leading cryptocurrencies have incurred price dips over the past week causing the initiation of a selling pressure in the market. The second largest cryptocurrency, Ethereum has shown
In the realm of cryptocurrency investments, developments are unfolding amidst regulatory uncertainty and market fluctuations. Bitwise, an asset management firm, has advanced its plans with the United States Securities and Exchange Commission (SEC) to launch a spot Ethereum exchange-traded fund (ETF). According to a filing on July 3, the firm
Bitcoin, the leading cryptocurrency, showed further price declines in the last 24 hours. The token has experienced several bearish price movements in June, after its bullish trends in the previous months. The leading digital asset’s persisting price dips have caused concern in the market. Notably, over the last 24 hours,
The 11 U.S spot bitcoin ETFs had a net withdrawal of $13.62 million on Tuesday, marking a return to negative flows after five consecutive days of inflows. According to SosoValue statistics, GBTC (Grayscale) witnessed outflow of $32.38 million and BITB (Bitwise) shed $6.76 million. In contrast, $14.12 million came into
