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
In Argentina, Bitcoin (BTC) has surged to an all-time high, reaching an unprecedented value of ARS 40,378,016 ($48,705.62), according to CoinGecko data. This surge comes amidst the country’s grappling with a severe economic crisis, witnessing the peso’s value plummeting by a staggering 99% against the U.S. dollar since the onset
Bitcoin is dominating headlines in the crypto community, especially amid the excitement of the Super Bowl festivities in the US. Crypto netizens’ focus is not on the game but has also turned to influential figures showing support for the largest cryptocurrency by market capitalization. Talking of it, Twitter Founder Jack
Nine newly launched spot Bitcoin ETFs have accumulated more Bitcoins than MicroStrategy, the leading corporate investor in the cryptocurrency. The ETFs, which were approved by the US Securities and Exchange Commission (SEC) on January 10, 2024, have bought 216,309 Bitcoins, worth $10.3 billion, in just 20 days. HODL15Capital, a self-styled
At long last, the spot Bitcoin ETF that ARK Invest and 21Shares launched has entered the ranks of products with $1 billion in AUM. More than $1 billion worth of Bitcoin was recorded in 21Shares’ ARKB, its joint spot Bitcoin ETF with ARK Invest, as of February 9, according to
Bitcoin enthusiasts were treated to an electrifying start to the weekend as the leading cryptocurrency surged above the $46,000 mark, breaking a month-long lull. The excitement peaked when Bitcoin reached an impressive high of $46,318. However, the elation was short-lived as the price experienced a swift correction, dropping to $45,885
MicroStrategy, the leading business intelligence company, continues to captivate the crypto community with its bold Bitcoin investments, as evidenced by its recent quarterly report released for Q4 2023. Emphasizing the above statement, it disclosed a remarkable increase in its Bitcoin holdings alongside a decrease in revenue. The firm’s Bitcoin reserves
Crypto asset management company CoinShares stated that institutional crypto products had net inflows for the first time in three weeks in their most recent report. Following a precipitous drop of $500 million the week before, investors flooded the crypto market with $708 million last week. The most recent data shows
