Glassnode reports that over the previous two days, Binance has received Bitcoin worth over $300 million. There were two major inflows marking this surge: over $200 million went to the exchange on October 11, and another of $120 million on October 12. The majority of these transactions are in the
Utilizing CMC’s statistical analysis, CoinMarketCap Research seeks to provide distinctive insights into the cryptocurrency industry. It wants to work with other influential voices in the sector to build a community where individuals can learn about and share their admiration for cryptocurrencies. The latest “According to CMC” report, which covers the market overview, major
Bitcoin (BTC) has experienced a significant downturn, marking its fourth consecutive day of losses. The world’s largest digital asset by market value fell below $26,600, a level not seen since the beginning of October. Several factors have contributed to this decline, including concerns related to the ongoing conflict in the
Bitcoin, the leading cryptocurrency by market capitalization, is currently experiencing a turbulent October. It began the month by breaking the $28,000 resistance level, but as of now, the price has dipped to $27,097. While various factors are contributing to this instability, the crypto community is abuzz with speculation about the
By enforcing severe fines on unregistered crypto service providers (CSPs), Cyprus is working to strengthen its oversight of the crypto industry. The government has recommended a change to the “Prevention and Suppression of Money Laundering Law.” The purpose of this change is to bring Cyprus in conformity with the standards
On Monday, cryptocurrency prices fell along with global equities markets and surging oil costs due to fresh unrest in the Middle East. On Monday, the violence between Israel and Hamas entered its third day. Oil prices seemed to be affected by traders’ speculation that the war may disrupt supplies if
Bitcoin’s growing preeminence over other cryptocurrencies such as Ethereum is highlighted by recent market statistics. Yesterday, there was a significant drop in the value of altcoins, which include all cryptocurrencies other than Bitcoin. As a result of this sell-off, ETH has hit fresh lows against Bitcoin. Since the beginning of
In a week marked by increasing geopolitical tension, Bitcoin (BTC) managed to maintain its stronghold above the $28,000 mark. The oldest cryptocurrency closed the week on October 8th, recording its third consecutive week in profit after briefly dipping below $25,000 on September 12th. Over the weekend, Bitcoin demonstrated resilience, avoiding
In light of the United States government’s unfavorable position against Bitcoin and cryptocurrencies, OpenAI CEO and creator of the famous ChatGPT app Sam Altman has voiced his dismay and profound concern publicly. According to Altman, this persistent stance reflects a government’s desire to assert control over a global currency that
According to market researcher Rekt Capital, there is one more significant downturn on the cards before the next halving occurs, since Bitcoin’s price behavior in 2015 and 2019 both indicated substantial falls at this time. In a follow-up post, the analyst said that he intends to dollar-cost-average into Bitcoin for
