Bitcoin experienced a significant crash as the price fell below $66,000, dragging the rest of the crypto market down as well. The root cause of this crash can be linked back to Spot Bitcoin ETFs. These ETFs, which had been driving the bull run, started to show signs of weakening as institutions scaled back on
Bitcoin
MicroStrategy, a prominent American business intelligence and software development company, has recently made headlines with its plans to acquire an additional $500 million worth of Bitcoin. This move comes after the company had already purchased about 12,000 BTC valued at over $800 million, bringing their total Bitcoin holdings to a staggering 205,000 BTC. The decision
Samson Mow, the CEO of Jan3 and an avid Bitcoiner, has been vocal about his prediction that Bitcoin could reach $1 million in the near future. In a recent interview with ‘What Bitcoin Did’ host Peter McCormack, Mow reiterated his bold price projection. He emphasized that Bitcoin’s current setup is conducive to a parabolic run,
The recent surge in the price of Bitcoin has led to a significant increase in profits for the majority of BTC holders. However, as the price continues to climb, large Bitcoin whales are taking advantage of this opportunity to cash out some of their holdings. These whales, who hold at least 1,000 BTC in their
The recent surge in Bitcoin’s value beyond the $73,000 mark has sent shockwaves through the cryptocurrency world. This upward momentum can be attributed to the strategic moves made by industry giants like BlackRock and MicroStrategy. BlackRock, known for its dominance in asset management, has announced plans to incorporate spot Bitcoin ETFs into its Global Allocation
The world of cryptocurrency investment has been witnessing a significant shift in recent times, especially with the growing interest in spot Bitcoin Exchange-Traded Funds (ETFs). Matt Hougan, Chief Investment Officer (CIO) of Bitwise Asset Management, recently discussed the exponential rise in adoption of Bitcoin ETFs on CNBC’s ‘Halftime Report.’ This surge comes in the wake
Despite facing a minor setback with a 5% decrease in price over the past week, Cardano (ADA) remains resilient. Currently priced at $0.75, ADA’s 24-hour trading volume stands at $1.14 billion, with a market capitalization of $24 billion. Renowned crypto analyst Sssebi is optimistic about ADA’s future, emphasizing the significance of the weekly chart in
In a remarkable turn of events, Bitcoin has reached a new milestone by surpassing the $71,000 mark, solidifying its position as the digital equivalent of gold and outpacing the market capitalization of silver. This achievement, which has occurred with surprising frequency since early March, culminated in Bitcoin hitting a new all-time high of $72,750 today,
Bitcoin, the world’s largest cryptocurrency asset, has finally entered a new price threshold, surpassing its previous all-time high (ATH) of $69,000, accomplished nearly three ago. Following the latest milestone, crypto enthusiasts and experts are very bullish on the digital asset, predicting further upward movement to unprecedented heights in the upcoming months. Cryptocurrency analyst Doctor Profit
With the European trading hour in full swing, Bitcoin has soared past $71,000, surpassing its previous all-time high set just last week. The driving force behind this surge can be attributed to several critical factors that have renewed investor confidence and sparked a flurry of buying activity within the cryptocurrency market. One of the key