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 […]
Cryptocurrency
Bitcoin dominance hits 3-year high as BTC price dip pressures altcoins
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 halving countdown continues with one week to go
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 nose dive as political tensions escalate in the Middle East
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 […]
Could Bitcoin Hit Another All-Time High in April?
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 […]
‘China is about to start bidding’ — Will Hong Kong Bitcoin ETFs spark the halving rally?
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 […]
Bitcoin Plunges to $66K, Altcoins Tumble 10-15% on Ugly Day for Risk Assets
Cryptocurrencies tumbled Friday as risk-off sentiment in traditional markets amid flared-up geopolitical risks spread over to digital assets. In fast downward afternoon action during U.S. trading, bitcoin (BTC) plunged below $66,000 after having challenged the $71,000 level just hours earlier. At press time, bitcoin had bounced back to $66,700, down more than 5% over the […]
GBTC fees will drop when Bitcoin ETFs ‘start to mature’ — Grayscale CEO
Grayscale’s flagship Bitcoin exchange-traded fund (ETF) will drop its fees, the highest of all United States spot Bitcoin ETFs, but only once the products “start to mature,” according to CEO Michael Sonnenshein. Sonnenshein said in an April 10 on-stage interview at Canaccord Genuity’s Digital Assets Symposium that “markets have tended to be very excitable” when commodity […]
Bitcoin Stable Near $71K as GBTC Outflows Pick Back Up
(BTC) is stable, trading above $70,900, as outflows from the Grayscale Bitcoin Trust (GBTC) pick up once again. (CheckonChain) Overall, $124.9 million flowed out of GBTC, according to on-chain data. In comparison, $4.6 million flowed into Fidelity’s FBTC, and $11.1 million went into Bitwise’s BITB. Up to Thursday, all the bitcoin ETFs have reported a weekly […]
Bitcoin no longer in ‘easy mode’ — expect a leverage wipeout, observers warn
Traders with leveraged positions in Bitcoin could be in for a nasty surprise as the cryptocurrency faces a critical crossroads, which could see the price bounce in different directions, analysts warn. “The market was in easy mode, but right now clearly there’s too much leverage and market makers are having a field day exploiting high emotions […]