The monthly close of Bitcoin in March has painted a bullish picture, indicating a strong potential for the cryptocurrency to continue its upward momentum. This is an especially encouraging sign as the month also saw a significant increase in volatility. Above all the prices dropping as low as $50,000 before
The popular cryptocurrency company LunarCrush has announced plans to send a “treasure” to the moon. In this case, the prize will be the private key to a cryptocurrency wallet containing precisely 62 Bitcoins, or almost $1.7 million at the current exchange rate. The spaceship will have the secret code engraved
Being the first government to recognize Bitcoin as legal cash, El Salvador has made the bold move of abolishing all taxes on technological advancements. This action is being taken in tandem with the launch of El Salvador’s National Bitcoin Office (ONBTC), or “the Bitcoin office.” Moreover, to combat hyperinflation and
Tron’s Co-founder, Justin Sun, offers a deal to purchase 41,500 BTC which is worth approximately 1.2 billion USD at a 10% discount. The United States government wants to liquidate the bitcoins in a series of four batches this year – forfeited in the Silk Road case. As reported on March
Lately, Bitcoin’s price was slightly teeter-totters around the $28,000 mark. Despite the ups and downs, it has managed to hold its position as the leading cryptocurrency by market capitalization. BTC showed five massive transactions in 2023, all happened this March. The latest massive transaction that happened on March 30 was
In a recent tweet, US Senator Elizabeth Warren has again shown her anti-crypto position. Warren hasn’t been shy about how much she despises the crypto sector. She said that the FTX exchange’s demise should serve as a wake-up call for the US Department of Justice, the Securities and Exchange Commission,
Despite recent US governmental crackdowns on crypto businesses and accompanying uncertainties, Bitcoin’s price temporarily surpassed $29,000 on March 30. Bitcoin hit $29,159, the highest price since before the FTX cryptocurrency exchange went down in early November 2022, according to CMC. Despite a number of regulatory crackdowns in recent days. Including
The cryptocurrency market as a whole, including Bitcoin, has had a terrible 2022. Furthermore, Bitcoin, the world’s biggest cryptocurrency, lost approximately 65% of its market value in 2022. In the past 24 hours, Bitcoin price has witnessed nearly 6% rise as per CoinMarketCap. However, the price of Bitcoin has been
Bitcoin’s current consolidation phase has conquered the prime attention of the crypto community. The dominant cryptocurrency laid out a neutral price channel between $26.5K to $28.5K since last week. Remarkably, analytical findings pointed out the increasing investors’ profit-taking and confidence in Bitcoin. In the above chart, the relative strength index
The largest cryptocurrency market player, Bitcoin (BTC), started to outperform the market as a result of the failure of major banks like Silicon Valley Bank and Credit Suisse, which affected confidence in traditional financial institutions. Also, Bitcoin’s double-digit surge this year has surprised the crypto community. BTC began mid-March with
