Chinese tech company Meitu recently sold all its cryptocurrency holdings, which included 940 Bitcoin and 31,000 Ethereum, for a total of $180 million. This decision came just before Bitcoin’s price soared to over $100,000. The company plans to distribute 80% of the profits from this sale as a special dividend to its shareholders. Initially, Meitu ...
In the last 24 hours, the cryptocurrency Market faced a major downturn, resulting in over $588 million in liquidations. XRP led the losses with more than $69 million, followed closely by Bitcoin and Ethereum, which saw liquidations of $60 million and $57.94 million, respectively. XRP’s price dramatically fluctuated, hitting a seven-year high before dropping. Bitcoin’s ...
The cryptocurrency Market is rapidly expanding, with its value growing from USD 5.08 billion in 2023 to a projected USD 15.39 billion by 2032, reflecting a compound annual growth rate (CAGR) of 13.13%. Key drivers include increasing technological innovations, rising institutional investments, and the surge of decentralized finance (DeFi) solutions. Major companies like Tesla and ...
Bitcoin ETFs are now holding a substantial amount of Bitcoin, nearly equal to what Satoshi Nakamoto, Bitcoin’s creator, has in their wallet. US-based ETFs own over 1 million Bitcoin, accounting for about 5% of the total supply, driven by remarkable Market performance. There are discussions in the Senate about potentially purchasing another million Bitcoin by ...
This weekend, several cryptocurrencies gained significant momentum, with XRP leading the charge as it became the third-largest cryptocurrency, right after Bitcoin and Ethereum. XRP surged 36% in just 24 hours and has increased 55% since Friday. Other notable movers include Chainlink, which rose by 17.6%, and Hedera, up 45.6%. Speculation around a potentially favorable environment ...
The U.S. government recently transferred around 20,000 Bitcoin, valued at approximately $1.9 billion, from a wallet linked to the Silk Road to Coinbase. This wallet still holds about $18 billion in Bitcoin. The move included a small test transfer of 0.001 Bitcoin before the substantial transfer to an intermediary wallet and then to Coinbase. This ...
The world of cryptocurrencies is back in focus as Bitcoin recently hit new heights. Many people may find terms like Bitcoin, blockchain, and crypto exchanges confusing. Bitcoin is the leading cryptocurrency, known for its wild price swings and lack of control by traditional banks. The blockchain technology supports Bitcoin, recording all transactions in a secure ...
Bitcoin began the week down 2%, trading at $95,000, influenced by weak traditional markets and concerns over the French government’s stability. This decline followed a failed attempt to surpass a significant sell wall at $100,000. However, there’s still optimism as data shows about 75% of Bitcoin is illiquid. With upcoming announcements from a Middle Eastern ...
Bitcoin has started the week on a low note, trading down 2% at $95,000 as traditional markets exhibit risk-averse behavior. This decline follows Bitcoin’s unsuccessful attempt to surpass a significant sell wall near $100,000. Despite the current downturn, analysts suggest there’s still hope for bulls, as nearly 75% of Bitcoin is considered illiquid. Meanwhile, Ethereum ...
Tom Lee from Fundstrat believes that the cryptocurrency Market is nearing a phase where smaller altcoins may outperform larger ones like Bitcoin. In a recent podcast with Anthony Scaramucci, Lee mentioned that his firm is advising clients to consider Ethereum and Solana for diversifying their investments. He anticipates an “altseason” where expertise in crypto may ...
