Bitcoin bulls encountered rejection at the key resistance level of $64.5K, subsequently retreating to $62K. Within the past 24-hour trading window, the price of BTC dropped by 2.3%, hitting a low of $62,111. Due to this decline, the global crypto market witnessed a 1.3% drop in market capitalization. Meanwhile, the
According to the most recent statistics, Bitcoin exchange inflows have hit a level not seen in over ten years. Since Bitcoin’s all-time high of $73,800, daily BTC inflows have declined dramatically, according to data from on-chain analytics platform CryptoQuant. There is no desire among Bitcoin traders to hold currency on
Bitcoin (BTC) has recently experienced a whirlwind of events, showcasing its volatility and resilience in equal measure. Over the past month, the crypto landscape has seen significant developments, ranging from regulatory approvals to protocol launches, ultimately influencing BTC’s price trajectory. Hong Kong’s approval of spot Bitcoin and Ethereum exchange-traded funds
For the second month in a row, venture capital financing for cryptocurrencies has exceeded $1 billion. According to RootData, the total financing for April amounted to $1.02 billion, spread over 161 investment rounds. This is a little decrease from March, when $1.09 billion was reported from 186 rounds. Two consecutive
Bitcoin (BTC) eased its bearish week by rebounding above $64,000 after a 1.5% spike in the last 24 hours. Last week, BTC dipped to its 10-week low of $56,552. BTC laid a “bullish hammer” weekly candle, closing the week positively. Notably, a bullish hammer candle often indicates the possibility of
The Bitcoin network has hit a monumental milestone, processing its one billionth transactions. This historic event took place as transaction 1,000,000,000 was mined into block 842,241 on May 5, as per data from Clark Moody’s Bitcoin dashboard. Since Satoshi Nakamoto mined the network’s first block on January 3, 2009, Bitcoin
Twitter co-founder Jack Dorsey has donated $21 million to the nonprofit OpenSats, demonstrating significant support for the future of Bitcoin and decentralized social media. His belief that Bitcoin is the de facto money of the internet is reinforced by this behavior. This investment from Dorsey’s #startsmall campaign will boost all
The most recent research from Fidelity Digital Assets indicates that pension funds are becoming more open to the prospect of pursuing crypto asset investment exposure. At a London event, Fidelity Digital Assets VP Manuel Nordeste saw that investment committees of defined benefit plans and other pension funds are in the
With US nonfarm payrolls coming in substantially lower than predicted, raising the possibilities of a dovish stance by the Fed, the price of Bitcoin soared quickly after the announcement of the data on May 3, Friday. The seven-day losing streak for US Bitcoin ETFs came to an end as a
A further two months of waiting have been imposed upon 7RCC Global after almost five months of waiting for the US Securities and Exchange Commission (SEC) to render a verdict on its spot Bitcoin ETF application centering on carbon credits. In order to decide on whether to adopt, reject, or
