The global cryptocurrency Market is expected to grow by USD 34.5 billion from 2024 to 2028, driven by increasing investments in digital assets and growing acceptance among retailers. During this period, the Market is projected to grow at an average rate of 16.64% per year. While major players like Binance and Coinbase dominate the scene, ...
Bitcoin’s price briefly fell below $92,000, marking a steep decline of over 10% from its record high. This sudden drop caused more than $1 billion in liquidations across the cryptocurrency Market within just 24 hours, with the majority coming from long positions. However, Bitcoin quickly bounced back to around $96,500, indicating strong demand despite the ...
Bitcoin’s price sits at $95,300, slightly recovering from a recent dip. MicroStrategy’s co-founder, Michael Saylor, emphasized Bitcoin’s future importance during a pitch to Microsoft, suggesting it represents a key technological wave. Despite a small outflow of $136.5 million from Bitcoin spot ETFs last week, stablecoin reserves on Binance have hit a record high, indicating renewed ...
Bitcoin balances on cryptocurrency exchanges have fallen to historic lows, indicating a significant reduction in available supply. A recent report by 10X Research underscores this trend, noting a sharp drop in the amount of Bitcoin that can be purchased. Unlike previous trends, there has been no recent influx to replenish exchange reserves, leading to a ...
In a remarkable move, over 55,000 BTC, worth around $5.34 billion, were withdrawn from exchanges in just 72 hours, indicating strong demand and accumulation among investors. Currently, Bitcoin’s Fear & Greed Index shows “extreme greed,” a sign that may foreshadow Market corrections based on historical trends. With Bitcoin surpassing $99,000, exchange reserves are at their ...
Despite recent geopolitical tensions impacting Bitcoin’s price, history shows it tends to recover quickly. Events like the ongoing Israel-Gaza war and Russia’s involvement in Ukraine have led to short-term price dips, such as an 8.4% drop after an Iran-Israel attack in April 2024. However, experts believe Bitcoin often bounces back within 50 days and may ...
On November 28, 2012, Bitcoin experienced its first halving, reducing the mining reward from 50 BTC to 25 BTC. This pivotal event, celebrated on its 12th anniversary, marked a significant milestone in Bitcoin’s history. The halving, designed by creator Satoshi Nakamoto, occurs approximately every four years and will continue until the total supply reaches 21 ...
