The overall crypto market entered a slump over the weekend, after prices fell yet another time this month. Amid increased volatility, prices have been struggling to sustain bullish movements in the past few months. This has resulted in fluctuating market sentiments and an uncertainty among investors. Notably, leading cryptocurrency, Bitcoin
The crypto community rejoiced at a full-fledged price recovery in the last 24 hours. After a prolonged price slump over the past few weeks, leading cryptocurrencies retraced to their previous trading levels. Bitcoin returned to the spotlight as prices reached $60K in the Asian early morning hours of September 14.
On Thursday, after recording negative flows the previous day, spot bitcoin exchange-traded funds in the US experienced daily net inflows of $39.02 million. Ark and 21Shares’ ARKB had the most net inflows yesterday, with $18.34 million flowing into the fund, according to SoSoValue statistics. Net inflows to Fidelity’s FBTC were
MicroStrategy Inc. (NASDAQ: MSTR), a leading business intelligence and software firm, has significantly bolstered its Bitcoin portfolio with the acquisition of approximately 18,300 BTC. Between August 6 and September 12, 2024, the company invested $1.11 billion at an average price of $60,408 per Bitcoin, including fees and expenses. The purchase
The mining wallets of the largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) have been through a consistent decline in the asset holdings since the mid-2024. However, a slight recovery in prices indicates that miners might increase their collective assets. According to the analytics firm Santiment, this drop in supply is
Bitcoin’s price performance has remained under pressure for the past few months. The largest asset’s crucial challenge is to break free from its narrow trading range of $50K to $60K. The ongoing market volatility blocks Bitcoin from making an upward movement. Over the past 24 hours, the asset has plunged
The data from the United States Bureau of Labor Statistics, released on Thursday, show that the US PPI inflation increased 0.2% in August. This aligns with the Dow Jones consensus estimate teased before the readings came out. This important inflationary gauge comes amid increasing speculations in anticipation of a rate
Market debates have been sparked by the investigation into the hiring procedures of US SEC Chair Gary Gensler. There are worries about the agency’s neutrality in recruiting methods. Since the probe, which was initiated by the House Republicans, suggests that it may be violating federal law by perhaps considering political
El Salvador has made headlines once again in the cryptocurrency world by consistently adding one Bitcoin to its national reserves every day for the past 665 days, regardless of market conditions. This accumulation strategy has brought the government’s Bitcoin holdings to 5,871 BTC, currently valued at approximately $342 million. 🇸🇻
A federal judge in the United States has dismissed a class-action lawsuit against Atomic Wallet, an Estonian-based crypto firm. Philip Brimmer, a judge in the Colorado district court, agreed, concluding there were insufficient grounds for the U.S. court to handle the case. Following a $100 million hack in June 2023,
