Bitcoin’s market is constantly changing and its high volatility stays as a magnet so that investors are ready to continue investing because of the opportunity of making big profits. Lately, the situation with Bitcoin has proven its volatility compared to other established currencies and the triggers that cause these fluctuations. Whether it’s a quick spike or a sharp decline, a grasp of the market mechanism behind Bitcoin’s movements is a must for an investor who...
Read More »This Is Where We Are In The Bitcoin Cycle Based On History
How close is the current “Bitcoin cycle” to its bull market peak? History suggests it could be closer than most think. Lead Glassnode analyst James Check showcased a chart on Monday comparing Bitcoin (BTC)’s price action over the last three years to that of other Bitcoin epochs after touching their respective all-time highs. The Bitcoin Cycle Top, According To Glassnode By Check’s measure, Bitcoin is effectively in the same position it was back in December 2020. At the time,...
Read More »Bitcoin Halving Sparks Migration of US Mining Equipment to Low-Cost Power Countries: Report
As the much-anticipated Bitcoin halving event looms in late April, a migration of outdated mining equipment from the United States to regions offering cheaper electricity is underway. This migration is driven by the need to maintain profitability due to reduced mining rewards and escalating operational costs. US Bitcoin Miners Prepare for Halving According to a Bloomberg report, approximately 6,000 aging Bitcoin mining machines are set to be decommissioned in the U.S., with...
Read More »La poste suisse permet désormais à ses clients de s’exposer aux cryptomonnaies
PostFinance, l’entité financière de la Poste Suisse, permet désormais à ses clients de s’exposer aux cryptomonnaies. Bémol important : Il ne s’agit que d’une simple exposition, le service ne permet pas de transférer les bitcoins acquis vers votre propre portefeuille. « Négociez en toute autonomie des cryptomonnaies dans l’environnement sécurisé de PostFinance, directement dans e-finance ou dans la...
Read More »Bitcoin Skyrockets Above $70,000 As BlackRock Deems Asset A “Good Portfolio Diversifier”
Bitcoin surged by more than 4.5% to above $70,000 on Monday, regaining lost ground after reaching an all-time high of $74,000 earlier this month. Until Thursday of last week, Bitcoin traded below $65,000 following a multi-day period of unusually small inflows to Bitcoin ETF products, coupled with monstrous outflows from the Grayscale Bitcoin Trust (GBTC). The asset’s price began to surge again on Friday following the Bitcoin Investor Day conference, when Robert Mitchnick –...
Read More »Binance Labs Invests in StakeStone amid Growing Interest in Restaking Sector
CoinspeakerBinance Labs Invests in StakeStone amid Growing Interest in Restaking Sector Investing in advanced restaking protocols aligns with Binance Labs' strategic focus on this domain. Binance Labs Invests in StakeStone amid Growing Interest in Restaking Sector
Read More »Crypto Market Records First Outflow in 7 Weeks Worth $942M
CoinspeakerCrypto Market Records First Outflow in 7 Weeks Worth $942M Despite the market sentiment, altcoins sparked investor interest, resulting in a net inflow of $16 million. Crypto Market Records First Outflow in 7 Weeks Worth $942M
Read More »Investor Hesitation Blamed as Crypto Investments See $942M Weekly Outflow: CoinShares
Investment products in digital assets witnessed a significant weekly outflow of $942 million, breaking the continuous seven-week streak of inflows reaching $12.3 billion. According to the CoinShares, this shift can be attributed to investor hesitation. Hesitant Investors Cause US ETF Inflows Dip The latest edition of Digital Asset Fund Flows Weekly Report revealed that the trading volumes in Exchange-Traded Products (ETPs) remained high and reached $28 billion for the week....
Read More »Ripple Price Analysis: XRP Pushes Toward $0.65 as Buyers Resume Control: Is $0.7 Coming?
Ripple’s price has been trending lower against BTC and consolidating against USDT. While XRP has been underperforming over the last few months, investors can still be optimistic as significant support levels are available. Technical Analysis By TradingRage The USDT Paired Chart Against USDT, the XRP price has been steadily declining since failing to break through the $0.7 resistance level. However, support has been found to be around $0.6, preventing further drops. Should...
Read More »Bitcoin (BTC) Bulls Eyeing $70,000 Again, Ethereum and Other Altcoins Set to Follow Suit, Predicts Analyst
CoinspeakerBitcoin (BTC) Bulls Eyeing $70,000 Again, Ethereum and Other Altcoins Set to Follow Suit, Predicts Analyst According to Michaël van de Poppe, most of altcoins have reached the bottom level and are now stabilizing. Bitcoin (BTC) Bulls Eyeing $70,000 Again, Ethereum and Other Altcoins Set to Follow Suit, Predicts Analyst
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