Cryptocurrency

In previous halving cycles, the price of Bitcoin has soared. Will it happen again this year? One of the most anticipated events of the year — the upcoming Bitcoin (BTC 4.03%) halving — is now just weeks away. For crypto watchers, this event is just as dazzling and awe-inspiring as a total solar eclipse is for stargazers and astronomers. […]

U.S. crypto-related stocks looked set to start the week on a positive note after bitcoin (BTC) climbed through $72,000 for the first time since mid-March as its reward halving draws closer. Coinbase (COIN), the only U.S. traded crypto exchange, added 4.9% in pre-market trading, MicroStrategy (MSTR), the largest corporate holder of bitcoin, rose 10% and BlackRock’s bitcoin exchange-traded fund (IBIT), […]

Bitcoin is resetting multiple key metrics as the BTC price drop flushes out leverage. BTC/USD 1-hour chart. Source: TradingView Bitcoin RSI returns to key support Data from Cointelegraph Markets Pro and TradingView shows BTC/USD currently acting around $66,000 after falling 5% in a single hourly candle. Bitcoin may be down 7% in April, but a retest of support is […]

Spot Bitcoin exchange-traded funds witnessed a spike in trading volume in March, reaching $111 billion. This was nearly three times the trading volume recorded in February, as Grayscale and BlackRock ETFs dominated the market. According to data shared by Bloomberg ETF analyst Eric Balchunas, spot Bitcoin ETF trading volume hit $111 billion in March, compared to $42.2 […]

Bitcoin fell for a second day to start the new month and quarter amid rising Treasury yields and strength in the U.S. dollar. The flagship cryptocurrency fell more than 4.76% on Tuesday to $66,134.00, bringing its two-day loss to 7%, according to Coin Metrics. At one point it fell as low as $64,572.00. On Monday morning, […]

Bitcoin is a global, decentralized currency that is beyond the control or guarantee of any country. Recent months in the Bitcoin ecosystem have been marked by a fever pitch of optimism based on the approval of Bitcoin spot market exchange-traded funds. These ETFs are driving Bitcoin’s adoption into the mainstream through the retirement accounts of […]

Volatility continues to be the name of the game in cryptocurrencies and today is no different. But unlike most of 2024, the market is working against investors today. As of 1:45 p.m. ET, the value of Bitcoin (CRYPTO: BTC) has dropped 2.8%, Ethereum (CRYPTO: ETH) is down 5.2%, and Bonk (CRYPTO: BONK) has fallen 9.4%. The move was impacted by a long holiday weekend in parts […]

The cryptocurrency realm is witnessing an unprecedented phenomenon: a surge of fascination from both enthusiasts and skeptics alike for Option2Trade (O2T), a new artificial intelligence-driven token. This burgeoning interest is not merely about the technology behind O2T but its potential to rival the market cap holdings of giants like Bitcoin (BTC) and Ethereum (ETH). Initially […]

What are Bitcoin whales? Bitcoin whales are people or organizations with substantial Bitcoin holdings who are capable of influencing the market through their trading tactics. The term “Bitcoin whale” is colloquially used to denote a holder with a significant stake compared to smaller participants, often referred to as “smaller fish” within the market. The owner […]

This month we have witnessed a continuous expansion in the stablecoin domain, eclipsing the $150 billion mark on March 20, 2024, with an infusion of an additional $1.4 billion into the arena since then. Leading the pack in supply growth for March was Ethena’s USDE, soaring by 194.9% over the last 30 days. Top Dollar-Pegged […]