BTC/USD Chart / Source: CoinDesk Bitcoin prices rallied recently, breaking through the $28,000 as the cryptocurrency experienced some notable gains. The world’s most prominent digital currency climbed to an intraday high of nearly $28,600 around 6 p.m. EST yesterday, according to CoinDesk data. Following this upward movement, bitcoin pulled back, trading below $28,300 at the…
Read more
Despite an array of uncertainties that have dotted the crypto horizon, recent data from Coinshares reveals a continuous faith in the sector, especially the foremost crypto giant, Bitcoin. Digital asset investment products have seen a steady and positive trend, recording net inflows for three weeks. Amid these inflows, Bitcoin emerges as the most dominant, presenting…
Read more
Bitcoin’s price performance last week may have disappointed investors, but there are indications of a growing momentum as the new week started. Bitcoin spiked up in the early hours of Monday to almost $28,000 before facing resistance that sent it back down. It would seem whales have been making moves to push BTC up, as…
Read more
Today, Bitcoin’s price experienced a swift rise from $27,900 to $30,000 following a false announcement regarding BlackRock’s Bitcoin spot ETF approval. The misleading information, originally shared on social platform X, led to a flurry of trading activity resulting in about $100 million in trading liquidations within just one hour…. Read More: Bitcoin Price Spikes Following…
Read more
Crypto yields platform Haru Invest has revealed plans to suspend its server as a cost-saving measure amid a fallout with one of its service partners. This new development comes a few months after the company suspended deposits and withdrawals in June 2023. The company’s CEO, Hugo Lee, made the announcement in an official post. According…
Read more
Data shows the crypto futures market has observed large liquidations in the past day as Bitcoin has recorded a sharp surge towards $28,000. Crypto Futures Observed $78 Million In Liquidations In Last 24 Hours A crypto futures contract is said to be “liquidated” when the derivative exchange with which said contract is open forcefully closes…
Read more
Bitcoin price just made one of its most volatile moves in some time on the back of what has amounted to be fake news regarding the approval of the BlackRock iShares spot BTC ETF. Within seconds of a fake X post, BTCUSD surged by over 7% in ten minutes – only to retrace the entire…
Read more
Bitcoin pumped from under $28,000 to $30,000 within minutes earlier on Monday as unverified rumors that the US Securities and Exchange Commission (SEC) had approved asset management giant BlackRock’s iShares spot Bitcoin Exchange Traded Fund (ETF) application began circulating across social media. In a now-deleted tweet, Cointelegraph’s Twitter account first reported the news. They then…
Read more
As analysts continue to debate the future of the flagship cryptocurrency, Bitcoin, the network’s hashrate has seen exponential growth, with this key indicator poised to experience an 100% increase (from the beginning of the year) before the year runs out. How Bitcoin’s Hashrate Has Grown The hashrate, which is used to measure the computational power…
Read more
The U.S. government has become one of the largest holders of Bitcoin (BTC), acquiring approximately 200,000 coins (worth around $5 billion) through seizures related to criminal activities. The digital assets were seized from cybercriminals and darknet markets and are securely stored offline in encrypted hardware wallets controlled by various federal agencies, including the Justice Department and the…
Read more
