Bitcoin (BTC) experienced a significant downturn today, plunging to a 10-day low of $66,045, marking an 8% decrease in value. This decline triggered a broader correction across the cryptocurrency market, with the top ten altcoins also witnessing corrections ranging from 6% to 12%. Also, the global crypto market has seen
Bitcoin (BTC) is more appealing to young people than gold, according to renowned crypto skeptic and businessman Peter Schiff, since it is more likely to see growth during their “short lifetimes.” It has become more clear that Bitcoin is a superior asset than more conventional ones, such as gold. The
March saw the most financing for cryptocurrency firms in 18 months, as a result of a deluge of early-stage investments into crypto and blockchain-related businesses. As per statistics, over $1.4 billion has been invested in cryptocurrency firms. March was the biggest month for the sector’s fundraising since September 2022, when
Craig Wright, who has claimed to be Satoshi Nakamoto, the creator of the Bitcoin network, has had £6 million ($7.6 million) in assets frozen by a court in the United Kingdom in order to prevent him from avoiding court expenditures related to this matter. After a court ruling disproved Wright’s
In a remarkable feat since their launch in January, nine out of the 10 new spot Bitcoin exchange-traded funds (ETFs) have collectively amassed over 500,000 BTC, now constituting 2.54% of the current circulating supply. This milestone, achieved within a mere 54 trading days, underscores the growing significance of ETFs in
With open interest (OI) for bitcoin futures hitting a new high on centralized exchanges, trading activity surrounding Bitcoin has been on the rise. Friday saw a record-breaking amount of aggregated open interest for bitcoin futures, reaching $38 billion, according to CoinGlass. The daily open interest in bitcoin futures has climbed
Since the introduction of spot exchange-traded funds (ETFs) in the U.S, approximately $10 billion worth of Bitcoin has deserted cryptocurrency exchanges. Glassnode, an on-chain monitoring company, reports that exchanges have witnessed outflows of more than 136,000 BTC since January 11th. Due to large withdrawals from exchanges this quarter, the supply
After abandoning Gold, his beloved asset, for the first time, Bitcoin detractor Peter Schiff has found a new adversary for BTC. Hardline crypto critic Peter Schiff confirmed that the Truth Social SPAC (DWAC), an official business trading under the ticker DJT, founded by former US President Donald Trump, is a
The cryptocurrency market is growing rapidly and has soared over the 2 trillion market cap range. This comes from investors’ endless quest for profit opportunities in every corner of the market. We have seen new coins rise with so much potential, such as Floki, Wen, Pepe Coin and Bitgert. However,
Bitcoin (BTC) accumulation is showing resurgence and has caused the supply of Bitcoin on crypto exchange Coinbase to hit a nine-year low and recapture the $70,000 threshold. On March 25, Bitcoin reached its highest point since March 15 as it recovered the $70,000 level, according to statistics from CoinMarketCap. In
