Bitcoin trading volumes have collapsed in the past few days. According to data sourced from CoinGecko, daily Bitcoin trading volumes across major exchanges fell to as low as $14.5 billion on Monday, its lowest level since the 5th of March. That’s a huge drop after Bitcoin daily trading volumes surged as high as $70 billion…
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Bitcoin (BTC) is on its way to become the currency of choice for moving money between African countries, a new CNBC report has revealed. The wide-ranging report, authored by CNBC’s crypto reporter MacKenzie Sigalos, came three months after the conclusion of the inaugural Africa Bitcoin Conference in Accra, Ghana, and went into detail on how…
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The number of Bitcoin wallets holding a non-zero BTC balance continues to rocket higher, hitting a new all-time high of 45.388 million on Sunday, as per data presented by crypto analytics firm Glassnode. That’s a rise of over 2 million since the start of 2022 and is the fastest rate at which the Bitcoin network…
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Risks of a short-term pullback in the Bitcoin (BTC) price appear to be rising, according to chart analysis. Bitcoin was last changing hands close to $27,500, about 6% below the nine-month highs it hit on Friday in the $29,300s. The cryptocurrency’s repeated failure to hold above resistance in the form of the late-May 2022 lows…
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A widely followed suite of on-chain and technical metrics are sending bullish signs for the Bitcoin price, with BTC/USD holding close to nine-month highs just above $28,000 as markets digest Wednesday’s US Federal Reserve policy meeting. Bitcoin initially sold off on Wednesday in a “sell the fact” reaction to the US central bank lifting interest…
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A top Russian MP and the chief architect of the nation’s crypto legislation claims that Bitcoin (BTC) has “no future” – and claims that “ruble-backed coins” will prevail instead. The comments were made by Anatoly Aksakov, the State Duma’s Chairman of the Committee on Financial Markets, and reported by the news agency Interfax…. Read More:…
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Bitcoin spot and derivative trading volumes have been surging in the past few weeks in tandem with the cryptocurrency’s aggressive rally from early monthly lows under $20,000. That suggests there is a lot of conviction behind the recent move higher, which saw Bitcoin eclipse $28,000 this week for the first time in nine months…. Read…
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The Chief Technical Officer of the Bitfinex crypto exchange has claimed that El Salvador’s long-awaited Bitcoin (BTC) bonds will launch this year “around June to September.” But the bonds, he explained, may not be bonds after all. Instead, the issuance could take the form of digital securities. Speaking at Paris Blockchain Week, Paolo Ardoino, the…
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Despite the fact that most market participants interpreted the latest Fed policy announcement as more dovish than expected, hence the drop in the US dollar and US yields, Bitcoin markets saw a “sell the fact” reaction, with the BTC price pulling back sharply and long liquidations spiking. BTC/USD was last changing hands in the mid-$27,000s,…
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Ark Invest CEO Cathie Wood believes Bitcoin’s rally amid the recent banking crisis will only “attract more institutions.” In a recent interview with Bloomberg, Wood said Bitcoin’s price behavior through the crisis “is going to attract more institutions.” She claimed this could help build a bull case for the flagship cryptocurrency to surge to around $500,000. … Read…
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