Bitcoin (BTC), the largest cryptocurrency by market cap, has continued to display its dismal price trends ever since the start of July. Following BTC’s price dip, the global crypto market shed over a hundred billion dollars, returning it to $2.05 trillion. Notably, over the last 24 hours, Bitcoin formed a
Another contentious examination of Bitcoin (BTC) including the Exchange-traded Fund (ETF) has been produced by economist and proponent of gold, Peter Schiff. Schiff drew attention to the present trends in trading and the influx of Bitcoin ETFs. Stating that the “smart money” sells BTC on the spot market. Conversely, individuals
This week, the cryptocurrency market will be watching closely for important economic data and events that might influence the price of Bitcoin and other cryptocurrencies. Significantly, the last several weeks have been very unpredictable, with Bitcoin’s price seeing a precipitous decline last week. Bitcoin and altcoin euphoria seem to have
Bitcoin miner capitulation gauges are getting close to the market bottom after the FTX crisis in late 2022, suggesting a potential bottom for BTC, according to market intelligence company CryptoQuant. As a means of survival or “earn yield or hedge their Bitcoin exposure,” some miners may cut down on operations
Inflows into spot Bitcoin ETFs have rebounded sharply following the July 4 holiday, reversing the outflows seen earlier in the week. This recovery coincides with the Bitcoin price drop below $54,000 on Independence Day. The recent inflows into spot Bitcoin ETFs despite the panic selling in the market show that
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
Investors and traders are putting their faith on Friday’s U.S. employment data to contain the unstoppable fall in bitcoin (BTC) prices. Bitcoin fell below $54,000 in early Friday trading after news spread that the now-defunct Mt. Gox exchange had transferred $2.6 billion worth of bitcoin, purportedly to pay off creditors.
In the UK general election, the Labour Party defeated Rishi Sunak’s conservative party by a wide margin, marking the first time in fourteen years that the party has been out of power. There is a lot of anticipation within the crypto community in the UK. As they await the outcome
Bitcoin, the leading cryptocurrency, has continued to show a downtrend for the last month. BTC hit its four-month low, declining 8.55% to $53,485. The noted decline and selling pressure are paralleled with the defunct crypto exchange Mt. Gox’s Bitcoin repayments to its creditors. Mt. Gox wallets actively moved 47,229 BTC
