Tag Archives: BTCGBP

Bitcoin’s volatile performance as of late continued in the past 24 hours as the asset touched $25,000 once again before falling back down by $500. Several altcoins are well in the green as well, with OKB stealing the show and tapping a new all-time high beyond $50. Bitcoin Stopped at $25K Again It was just several days ago when the primary cryptocurrency had dipped to $21,500 amid the ongoing regulatory scrutiny by the United States authorities. However, the landscape changed...

The largest creditors of bankrupt cryptocurrency exchange Mt. Gox have chosen a payment option that will allow them to receive a lump sum of their recovery payout in bitcoins rather than fiat. The creditors, now-defunct crypto exchange Bitcoinica and Mt Gox Investment Fund (MGIF), collectively represent about one-fifth of the bankruptcy claims. Gox Biggest Creditors Choose Bitcoin Payment Both entities have opted to receive up to 90% of their claims in BTC during the early...

The past seven days saw Bitcoin’s price increase by a whopping 10% in a few violent green candles that took place in the span of a couple of days. This brought a lot of positivity to the industry, and the total capitalization is also up by about $100 billion. At the time of this writing, BTC trades at around $24K, but it managed to paint a fresh high of above $25K for the first time since the summer of 2022. This has also had an impact on the entire market, as most of the...

Robinhood’s cryptocurrency trading volume hit $3.7 billion last month, a 95% increase compared to December 2022.  Contrary to the good start of the year, the 2022 bear market took its toll on the firm’s crypto revenue. It also dismissed nearly a third of its total headcount. Starting off on the Right Foot The cryptocurrency market made an impressive comeback during the first month of 2023, with most assets significantly increasing their valuation compared to the end of 2022....

The cash withdrawal restrictions imposed by the Central Bank of Nigeria (CBN) have made a strong case for Bitcoin as a solid store of value and a censorship-resistant currency. Nigeria is currently facing a shortage of physical cash after the CBN redesigned its banknotes, causing the old bills of the local naira currency to become useless. The policy prompted citizens to flood banks and ATMs to swap their old bills for new ones. Nigeria Limits Cash Withdrawals With the...

Milena Mayorga – ambassador of El Salvador to the United States – said the Salvadoran authorities might open a bitcoin embassy in Texas. The central American nation has already introduced a BTC office in the city of Lugano, Switzerland. The Second BTC Embassy Mayorga held a meeting with Jose “Joe” Esparza (Texas Deputy Secretary of State) to discuss the new initiative, outlining the financial connection between El Salvador and the region: “We discussed the opening of the...

The popular Canadian rapper – Aubrey Drake Graham (better known as Drake) – won $1,262,000 worth of bitcoin after the Kansas City Chiefs came out victorious on Super Bowl LVII and Patrick Mahomes scored a touchdown. His last year’s bet was also successful, bringing him a profit of $300,000 in BTC. Super Bowl is Immune to ‘Drake’s Curse’ The singer tried his luck on this year’s Super Bowl betting on numerous events. He wagered $700,000 worth of bitcoin on the Kansas City...

Robert Kiyosaki – the author of the bestseller “Rich Dad, Poor Dad” – thinks bitcoin will surge to $500,000 by 2025 due to an incoming market crash and a consecutive distrust in the US dollar.  He has previously warned people to avoid traditional fiat currencies during uncertain times and focus on BTC or gold.  Kiyosaki’s Latest Advice The American businessman, investor, motivational speaker, and author predicted that markets are up for serious correction, which will trigger...

Bitcoin had tapped $22,000 hours before the latest regulatory scrutiny coming from the US, this time going after Paxos and the BUSD stablecoin the company issues. Somewhat expectedly, the altcoins have reacted even worse, with HBAR, APT, FTM, GRT, and a few others dumping by double digits. Bitcoin Back Below $22K Bitcoin was performing a lot better at the start of the month when it pumped above $24,000 for the first time in over five months after the latest interest rate hike...

Bitcoin’s recent rally has improved the overall sentiment among market participants. This change of scene has spurred a positive momentum across the industry as signs of a bull market start popping. Technical Analysis By Shayan The Daily Chart The $25K price region has been the most significant barrier in Bitcoin’s path during the last eight months. Most recently, the price attempted to surpass this level and failed, resulting in a consolidation correction stage. However,...