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This week was quite a volatile rollercoaster for the primary cryptocurrency and the rest of the market, perhaps driven by actions undertaken by the US government. Recall that BTC’s price had stalled at around $69,000 last Friday as the bulls had failed to overcome the $70,000 level. Following a relatively quiet weekend, in which BTC stayed at around the same levels, it went on the offensive once again on Monday to over $71,000. However, Bitcoin failed to overcome that...

A meme began making its way around crypto Twitter earlier this month, pointing out that Bitcoin now has the number of active users that the Internet had in 1997. But the reality is even more interesting: Bitcoin most likely has far more users today than the Internet had the year Amazon debuted on Wall Street. That means Bitcoin investors may be running out of time to capitalize on stellar market returns driven by growth in user adoption. Our Sources: 70M Internet Users 1997 |...

Bitcoin has returned to $70,000 once again after falling below that level yesterday and failing to overcome it decisively during its recovery phase. Several altcoins, like ETH, BNB, DOGE, and SHIB, have turned red on a daily scale, but SOL has performed better and stands close to $200. BTC Returns to $70K After a relatively quiet weekend, Bitcoin’s business week started on a positive note as the asset soared from around $64,000 to $66,000 before it shot all the way up to...

Following a couple of weeks of consolidation and correction, the cryptocurrency market is starting to heat up again. Most of the coins are trading well in the green, pushing the total capitalization to just shy of $2.8 trillion. Bitcoin’s price recorded an impressive performance, increasing by around 10% in the past seven days. It is currently trading at around $70,000, where it seems to have solidified throughout the past few days. The increase started at the beginning of...

Over the weekend, the fifth richest Bitcoin address transferred $6 billion worth of the asset to three new wallets. The transfer occurred amid increased institutional interest in BTC, driven perhaps by the upcoming halving in April. Bitcoin Wallet Transfers $6 Billion in Bitcoin Initially funded with 94,500 BTC ($6.05 billion) in 2019, the address remained untouched until last weekend when it was split and distributed across three new addresses, according to blockchain...

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....

All eyes are on the upcoming Bitcoin halving scheduled for mid-April 2024, which will reduce the rewards granted to miners for validating transactions by half. This will mark the fourth occurrence of a halving event in Bitcoin’s history. Although the market is currently experiencing a downturn, Bitcoin has seen significant growth of more than 150% since mid-October last year. According to the latest “handbook” by Coinbase, this strong performance will continue up to and after...

Bitcoin’s price movements over the weekend have been somewhat underwhelming as the asset has calmed at just over $64,000 after the previous week’s volatility. The altcoins are, in general, also less volatile today, with a few exceptions like Dogecoin, which has surged by around 7%. BTC Calms Last business week started on a highly unfavorable note for the primary cryptocurrency, which had recovered most of the losses from the end of the previous one. The asset stood at $69,000...

BTC’s price troubles are not over yet as the asset tumbled to $62,500 yesterday before managing to recover around two grand. The altcoins have also bled out on a daily scale, and the total crypto market cap has remained well below $2.6 trillion. Bitcoin’s Latest Issues The start of the current business week and how it went were in total contrast to the previous one when BTC skyrocketed above $73,000 to chart its latest ATH. However, the bears have taken control of the market...

Things move fast in the cryptocurrency space, and the landscape tends to change quickly, especially price-wise. This has indeed been the past within the past seven days. It was just a week ago when Bitcoin’s price was soaring high, charting fresh all-time highs almost daily. The latest peak came last Thursday when BTC neared $73,800 for the first time ever. However, the situation started to change a day later when the cryptocurrency dumped to $66,000, and it’s even worse...