Cryptocurrency

The 13.3% drop in Bitcoin price between April 12 and April 13 forced many traders out, primarily those who had leveraged their positions. This significant movement triggered $387 million in forced liquidations of long positions and reduced the open interest by $5.4 billion. At first glance, the price action and its effect on the derivatives markets […]

Hong Kong regulators on Monday approved the launch of spot bitcoin and ether exchange-traded funds (ETFs), asset managers said, following U.S. moves this year to bring these products to market. Bitcoin was trading around 3% higher at 7:11 a.m. ET after a rough sell-off over the weekend. Three ETF providers have been approved by Hong Kong’s Securities and Futures […]

On April 13, Iran initiated a drone strike on Israel followed by reports that unmanned aerial vehicles (UAVs) were intercepted by Israeli, U.S., and other Western allied forces. Concurrently, bitcoin and the broader crypto economy experienced a significant downturn, with many analyzing the fundamentals in the context of a potentially intensifying military conflict. Community Reacts […]

Only six altcoins among the top 50 tokens by market cap have managed to outperform Bitcoin so far this year, asBitcoin dominance reached a three-year high over the weekend. The memecoin Dogecoin stands as the best-performing altcoin in the top 50, having posted year-to-date gains of just over 77% — climbing from $0.09 on Jan. […]

Over the past 15 months, Bitcoin (CRYPTO: BTC) has absolutely been on fire. It is up over 320% and is currently trading near its all-time high of $73,750. Right now, Bitcoin has a market cap of more than $1 trillion. So, what if I told you that Bitcoin was just getting started and that it could gain another […]

Bitcoin market cap dominance has hit its highest level in three years as altcoins feel renewed price pressure. Data from Cointelegraph Markets Pro and TradingView shows Bitcoin’s share of the total crypto market cap spiking to 56.3% on April 12. Altcoins see “real damage” in wake of BTC price rout BTC price action suffered into the weekend with a liquidation cascade […]

Bitcoin’s next halving event is now just one week or approximately 1,000 blocks away, according to The Block’s Bitcoin Halving Countdown page. The estimated countdown is based on Bitcoin’s average block generation time of 10 minutes, setting a potential date of April 20 at around 9 a.m. UTC (5 a.m. ET), to reach the next halving […]

Bitcoin price plummeted over 8.4% on April 13 after Iran launched an attack on Israel, escalating  geopolitical conflicts in the Middle East. The cryptocurrency price dropped from around $67,000 to $61,625, wiping out over $130 million in market capitalization within minutes following the attack. The sell-off is also affecting other cryptocurrencies. At the time of […]

Bitcoin’s surge in 2024 and impending fourth halving raise questions about its potential to reach another all-time high in April. Bitcoin (BTC -5.29%) has been on a remarkable run in 2024, defying expectations and once again capturing the attention of investors worldwide. With a staggering 55% surge in value since the beginning of the year […]

The potential approval of the first batch of spot Bitcoin exchange-traded funds (ETFs) in Hong Kong could be a big catalyst for Bitcoin’s halving rally, commentators say. Hong Kong could approve 4 Bitcoin ETFs before halving The Securities Regulatory Commission of Hong Kong (SFC) could approve the first batch of spot Bitcoin ETFs by April […]