Bitcoin (BTC), after hitting a high near the $50,400 mark, displayed a slight downturn, testing the $48,406 level. However, the largest crypto is currently striving to surpass the $50,000 mark again amidst a backdrop of what analysts are terming a “golden bull phase” in the market. Despite the prolonged setback,
The Crypto Fear and Greed Index, a tool that measures the mood of cryptocurrency investors, has soared to its highest level since Bitcoin hit its all-time high of $69,000 in November 2021. The index tracks various indicators that affect the behavior of crypto traders and investors, such as Google Trends,
Inflation came in at 3.1% in January, according to figures released by the U.S. Bureau of Labor Statistics’ consumer price index (CPI). While this was better than market expectations of 2.9%, it was below the 3.4% inflation print from December. The report has also moved the U.S Federal Reserve’s rate
Investors in cryptocurrencies and stocks are waiting with bated breath for the U.S. Bureau of Labor Statistics to release January’s consumer price index (CPI) inflation statistics, which might provide fresh clues about potential Fed rate reduction. After a huge influx of buyers into spot Bitcoin ETFs, the price of bitcoin
Today signifies a significant milestone in the crypto year 2024 as Bitcoin reaches a two-year high of $50,375, while Ethereum surges past $2,500. The global crypto market cap stands at an impressive $1.87 trillion, marking a 4.32% increase over the last day. Additionally, the total crypto market volume over the
Stocks in the cryptocurrency and mining sector were upbeat after Bitcoin’s two-year high of $50,363 on February 12th. Crypto-mining equities and MicroStrategy (MSTR) both had double-digit increases over the last week, which is similar to BTC’s 17.5% rise. In the last day, MSTR stock has climbed 11% to $719, and
As Bitcoin (BTC) approaches its two-year high and the entire altcoin market shows upward trends, the leading GameFi cryptocurrency Beam (BEAM) hits an all-time high of $0.03014, with a 25% surge in the past 24 hours from $0.024. The bullish momentum for BEAM has been building since early December 2023,
The cryptocurrency market is witnessing an electrifying surge as Bitcoin, the world’s largest cryptocurrency, breaches the $50,000 mark for the first time in over two years. This rally comes on the heels of heightened expectations for interest rate cuts later in the year and recent regulatory approvals for U.S. exchange-traded
CryptoQuant, a company that provides on-chain data and analysis, has made a bullish prediction for bitcoin price in 2024. The company said that bitcoin price could hit $112,000 this year if the inflows from spot exchange-traded funds (ETFs) continue at the current rate. The company also said that the worst-case
In about two months, in the middle of April 2024, Bitcoin will see a significant update that will halve the reward given to miners for successfully completing a block. The occurrence, which is often referred to as a “halving,” is generally seen as positive for Bitcoin’s value because of the
