Bitcoin has once again captured the spotlight with its meteoric rise, trading at $59,334.26 with a staggering 4.94% surge. In just 24 hours, BTC broke major key resistance levels at $57,000, $58,000, and $59,000, and is now tantalizingly close to the $60,000 mark. Notably over the past seven days, BTC
Cryptovsummit, an event organized by DoubleMorgan and led by its founder Mena Botros, has become a cornerstone in the crypto industry, particularly in the Dubai region. With a successful track record of five years, this annual event has consistently drawn investors, fostering crucial long-term business relationships. The upcoming edition on
Bitcoin (BTC) continues its upward trajectory, rallying toward the $58,000 mark amidst heightened demand for spot Bitcoin ETFs. With BTC ETF trading volumes surpassing $3.05 billion for the second consecutive day, the market witnesses significant activity, notably with IBIT setting a new record of $1.32 billion in trading volume. The
Recent developments in Bitcoin exchange-traded funds (ETFs) have captured the attention of both seasoned investors and newcomers alike. A surge in trading volume, reaching a staggering $3.24 billion, has underscored a profound shift in investor sentiment toward the cryptocurrency market. The growing popularity of spot Bitcoin ETFs signals a departure
Bitcoin (BTC) has surged past $57,000, marking its highest level in more than two years. The largest cryptocurrency has defied expectations of a looming price correction, climbing steadily in 2024. The rally, which saw Bitcoin reach $57,148, displayed a significant 12% increase from its previous trading range. This surge comes
Some market observers were caught off guard last week by the sudden explosion in daily activity of VanEck’s spot bitcoin ETF. The relatively new investment product recorded more than $400 million in trading volume, a gain of almost 1,400% compared to the second most active day of the exchange-trade fund.
MicroStrategy, a business intelligence software company, announced on Monday that it has purchased another 3,000 bitcoins for about $155 million, bringing its total bitcoin holdings to 193,000 BTC. The company’s executive chairman and co-founder, Michael Saylor, said that the company and its subsidiaries now own nearly $10 billion worth of
On Hedera, an open source public network governed by leading international organizations, the whole catalog of Pyth Price Feeds is now accessible. Through this collaboration with the HBAR Foundation, over 400 Pyth Price Feeds have been launched on Hedera. Moreover, Hedera developers now have permissionless access to real-time pricing data for
The impending Dencun upgrade, which will boost throughput and decrease the cost of certain network transactions, may have contributed to Ethereum’s recent price increase, according to asset manager Grayscale Investments. However, many market watchers are relating the rise in prices to optimism surrounding the potential approval of a spot ether
Bitcoin is expected to undergo its fourth halving in April 2024, which will reduce the block reward from 6.25 BTC to 3.125 BTC, making new coins scarcer and more valuable. Amidst this, JPMorgan said that its upcoming halving in April 2024 is already factored into its price, and that a
