Sun, January 12

MicroStrategy’s Michael Saylor Unveils Ambition for Largest Bitcoin Bank

The founder and executive chairman of MicroStrategy, Michael Saylor, recently shared his bold plans for the future of the firm in an interview. He has lofty ambitions of making this company the largest Bitcoin bank. The price of Bitcoin might be influenced by this, which could be a factor of

October 11, 2024 2 mins read

US PPI Inflation Data Hits 1.8% in September, Outpacing Forecasts

Inflation in the United States came in at 1.8% in September, according to the long-awaited Producer Price Index (PPI), when market forecasts had it at 1.6%. Inflation is on the rise, and investors are worried about what it may mean for Bitcoin and other cryptocurrencies in light of recent US

October 11, 2024 2 mins read

Can Bitcoin Break Through the $62,000 Resistance Level?

The Bitcoin (BTC) price continued to dip, reaching as low as $58,895 before making an attempt to recover. At the time of writing, BTC is trading at $61,317 with a market cap of $1.21 trillion. The intraday high reached $61,437, but Bitcoin is finding it difficult to push above the

October 11, 2024 2 mins read

South Korean Law Recognizes Cryptocurrency in Divorce Settlements

Married couples in South Korea can now include cryptocurrency holdings in the division of assets during divorce proceedings. This comes after the clarification by the South Korean law firm IPG Legal, which explained that under the country’s legal framework, both tangible and intangible assets, such as cryptocurrency, are subject to

October 10, 2024 1 min read

Crypto Captivates 47% of Hedge Funds Worldwide

The hedge funds have focused on traditional asset classes and have exposure to the cryptocurrency market. Approximately 50% of the hedge funds have allocated capital to digital assets, marking an increase compared to previous years.  Reportedly, 47% of the hedge funds invested in traditional asset classes have ventured into cryptocurrencies

October 10, 2024 2 mins read

Is Bitcoin (BTC) Price Facing a Persistent Downward Pressure?

While the world mourns the passing of tech giant Ratan Tata, cryptocurrency prices fell in the last 24 hours. The community also received news about the US FBI’s creation of a new token to entrap suspects involved in market manipulation. Meanwhile, the largest cryptocurrency has yet again initiated a bearish

October 10, 2024 2 mins read

How the Bitcoin ETF Changed BTC for the Better 

It’s been less than a year, and yet it’s hard to remember Bitcoin without a spot ETF. Just as Bitcoin before the advent of stablecoins, centralized exchanges, or block explorers, is hard to fathom now, the pre-ETF times feel dark and distant. Bitcoin didn’t need the SEC to rubber stamp

October 9, 2024 4 mins read

Bitcoin (BTC) Slides Under the Bearish Cloud at $62K

Bitcoin (BTC) is currently hovering at $62K, showing brief signals of recovery from the steady plunge. Over the past few days, the largest asset has defied all bullish market predictions by extending its bearish rally to date.  BTC touched a high of the $66.3K mark in late September, ascending from

October 9, 2024 2 mins read

Bitcoin Faces Downward Pressure After Hitting $64K

The price of Bitcoin (BTC) fell nearly 2% over the last 24 hours, after reaching a peak of $64,443 on October 7. At the time of writing, Bitcoin is priced at $62,438, 3.76% down from its earlier high. The cryptocurrency briefly dipped to an intraday low of $62,152, even as

October 8, 2024 2 mins read
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