Bitcoin’s price dipped slightly to around $96,500 on Friday, following a modest recovery of over 2.5% this week. Historically, January has yielded average returns of about 3.35% for Bitcoin traders. Current on-chain data indicates that the bull Market is still in effect, suggesting that this is a cooling-off period rather than a peak. However, institutional ...
Bitcoin’s price has surged by 7% recently, surpassing the $97,750 mark, spurred by MicroStrategy’s significant $200 million purchase. Despite this rise, the number of daily active Bitcoin wallets has dropped to its lowest in 50 days, indicating decreased user activity. Investor confidence appears to be returning as crypto stocks like Coinbase and MicroStrategy also saw ...
Donald Trump’s recent election led to a surge in cryptocurrency prices, with Bitcoin reaching record highs. However, this momentum is now fading, and Bitcoin’s price has dropped significantly. The excitement stemmed from the belief that Trump’s policies would favor cryptocurrencies, contrasting with President Biden’s stricter regulations. Trump’s leadership choices, including pro-crypto figures, further fueled speculation. ...
Bitcoin’s price has dropped below $94,000, down from its recent high of $108,000. Over the past day, it has seen a slight dip of 1.29%, and it’s trading between $92,000 and $99,000. Analysts warn of a potential correction to around $80,000, as Market sentiment shifts towards bearish. The Relative Strength Index indicates a balanced Market, ...
The cryptocurrency Market is currently experiencing a bearish trend, with Bitcoin dropping below $95,000 and the overall Market value decreasing by around 2% to $3.27 trillion. Key altcoins like Ethereum and XRP are also on the decline, while Movement and Hyperliquid saw significant losses of 20% and 19%, respectively. Despite these drops, some positive developments ...
The U.S. Federal Reserve has lowered its benchmark interest rate by 25 basis points, bringing it to a range of 4.25% to 4.50%. This marks the third consecutive rate cut this year, totaling 100 basis points since September. While the Market anticipated this move, recent data indicated strong economic growth and rising inflation, leading to ...
Crypto investment products have surged in 2024, with net inflows reaching an impressive $3.2 billion just last week, according to CoinShares. This has pushed the total year-to-date inflows to a record $44.5 billion, surpassing previous years by four times. A significant portion of this growth is driven by U.S. spot Bitcoin exchange-traded funds (ETFs), which ...
Riot Platforms (NASDAQ: RIOT) saw its stock price drop by 14% on the first trading day of the week, largely due to a decline in Bitcoin (CRYPTO: BTC) prices and the announcement of a new $500 million capital-raising plan. This plan involves issuing convertible senior notes, which Riot intends to use for acquiring more Bitcoin ...
Today, cryptocurrencies experienced a dip as Bitcoin dropped from $100,000 to about $97,500, amidst rising Treasury yields and upcoming inflation data. Other major cryptocurrencies like XRP fell significantly, while meme tokens like Dogecoin and Shiba Inu also dropped. Interestingly, MicroStrategy announced a substantial Bitcoin purchase, holding a total of $25.6 billion in the cryptocurrency. Meanwhile, ...
Bitcoin has recently achieved a significant milestone, surpassing the six-figure mark for the first time. As of now, it is around $99,000, with a peak of $103,844 earlier. If you had invested $1,000 in Bitcoin one year ago, it would now be worth $2,305, reflecting a 130% gain. Over five years, that investment would have ...
