Bitcoin and other cryptocurrencies were lately facing severe downtrend due to fears that FTX may unload its cryptocurrency holdings. This selling pressure resulted in Bitcoin drop terribly and a general decline throughout the cryptocurrency market. Fear of selling pressure from FTX subsided, however, and BTC prices climbed back over $26,500,
Inflation in the United States surged to an annual rate of 3.7% in August, surpassing the consensus expectation of 3.6%, according to the latest Consumer Price Index (CPI) statistics released by the U.S. Bureau of Labor Statistics. This marks the second consecutive month of rising inflation, with the CPI rising
One of the major topics of discussion in the crypto world today revolves around the collapsed digital asset exchange FTX, which has received approval from Judge John Dorsey overseeing its bankruptcy proceedings to sell billions in crypto assets. This development allows FTX to proceed with the sale of $3.4 billion
One of the biggest investing firms in the world, Franklin Templeton, has applied to the U.S. SEC for a spot Bitcoin ETF. Named the “Franklin Bitcoin ETF,” this innovative investment instrument has the potential to usher in the next phase of institutional involvement in the cryptocurrency market. Franklin Templeton’s selection
Bitcoin price has so far managed to avoid further decline by finding support around the $25,000 region; it was around this price that the last upswing to $31,500 began. BTC made a dramatic recovery after yesterday’s drop, climbing to around $26,000 earlier today. In a short time, the BTC price
In the ever-volatile world of cryptocurrency, Bitcoin, the largest market capitalization holder, has found itself facing relentless bearish pressure, sending shockwaves throughout the market. BTC price declined all the way till $$25,060, breaking the key support level of $25,510. This has resulted in a 14% decline over the past 30
The world’s leading cryptocurrency, Bitcoin (BTC), is navigating turbulent waters as it grapples with a series of setbacks, causing concern among traders and investors alike. Enthusiasm surrounding the swift approval of SEC’s spot Bitcoin ETFs has dwindled, and the Bitcoin value hovers precariously below the $26,000 mark, raising questions about
In Q4 2023, Bitcoin, the largest market capitalization holder, faced a relentless bearish pressure that sent shockwaves throughout the market. As September rolled in, BTC found itself locked in a battle for stability, with prices oscillating between $26,409 and a low of $25,404, marking its lowest point in nearly five
There are presently around 560,000 unconfirmed transactions on the Bitcoin network. Moreover, there have been considerable increases in transaction costs and delays in processing due to this congestion. The unusual network demand is related to the excitement around Ordinals and BRC-20 minting. According to the Mempool, miners are straining to
In a rollercoaster ride of hope and despair, Bitcoin, the largest market capitalization Cryptocurrency, sent ripples throughout the community when its price soared from $25,912 to $28,089, following Grayscale Bitcoin Trust’s (GBTC) triumph over the Securities and Exchange Commission (SEC) on August 29. However, this bullish momentum proved to be
