Bitcoin is currently dominating the crypto Market, reaching a dominance level of 63.6% and nearing a critical 64% threshold, which may threaten the growth of altcoins. If Bitcoin maintains this dominance, it could hinder the anticipated altcoin season and push altcoin values further down. Altcoins, despite some recent interest, are struggling to recover from their ...
The Swiss National Bank (SNB) has decided against holding bitcoin as part of its reserves. SNB President Martin Schlegel expressed concerns about the liquidity and volatility of the cryptocurrency Market, stating that these factors do not meet the bank’s high standards for currency reserves. Despite arguments from the Bitcoin Initiative suggesting that adding bitcoin could ...
Bitcoin, with a Market cap of $1.85 trillion, may be the largest cryptocurrency, but it lags behind rivals like Ethereum, Solana, and Cardano in developer activity. Despite this, investors shouldn’t be discouraged; Bitcoin’s value relies more on its supply dynamics, like mining difficulty and scarcity, rather than on a bustling ecosystem of applications. While other ...
In April, Bitcoin’s price skyrocketed from $74,450 to $94,900, resulting in a $26 billion increase in wealth for long-term holders. However, many short-term holders sold at a loss during this period. Bitcoin’s recent 30% correction aligns with historical patterns, suggesting possible support levels around $88,750 and $91,000. As Bitcoin’s supply becomes increasingly profitable, analysts predict ...
The cryptocurrency Market is witnessing a major shift as retail investors take the lead, moving from the sidelines to becoming a dominant force. Once mainly for tech experts and big institutions, trading has opened up to the masses, with retail traders now accounting for over 45% of all trading volume. This growth has been fueled ...
In the rapidly evolving digital economy, more conservative investors are starting to consider Bitcoin as a viable investment option. Once regarded as speculative, Bitcoin is increasingly seen as a stable asset, similar to digital gold, attracting institutional interest worldwide. As global markets face uncertainty, Bitcoin’s low correlation with traditional assets makes it an appealing choice ...
Bitcoin is currently testing a critical resistance level at $88,000 for the second consecutive day, demonstrating a 1.7% increase and building on its gains from earlier this week. This rise follows a notable low in early April, where Bitcoin was down by about 20%. Notably, U.S. equities have been experiencing volatility due to political pressures, ...
Bitcoin, a leading asset in the crypto world, has a significant portion of its supply—around 62%—sitting idle in wallets, creating untapped financial potential. This dormant Bitcoin could unlock new opportunities in decentralized finance (DeFi) by providing liquidity and earning yield without the need for selling. Integrating this idle Bitcoin into DeFi platforms can stabilize the ...
Bitcoin kicked off the week with a strong rally, climbing over 3% to nearly $88,000. Former BitMEX CEO Arthur Hayes suggests this could be a final opportunity to buy BTC below $100,000. His optimism is partly supported by economist Timothy Peterson, who predicts Bitcoin could soar to $138,000 in three months based on past price ...
In April, the number of Bitcoin addresses holding over 1,000 coins increased significantly, indicating that large investors, or “whales,” are actively accumulating Bitcoin. According to data from Glassnode, 60 new wallets were created since March, bringing the total to a four-month high of 2,107. This surge mirrors past spikes seen when the Market was booming. ...
