Category: BTC
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Crypto Exchange Spot Volumes Plunge 60% Post BTC Halving
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After a record-breaking March driven by Bitcoin’s (BTC) equally impressive performance, spot trading volumes at the 10 largest cryptocurrency exchanges fell by more than 60% in April. According to a benchmark released by Finance Magnates Intelligence, its trading volume fell from $2.1 trillion in March to just under $1.3 trillion…
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Bitcoin Price Signals Bearish Continuation, Why BTC Could Drop Below $60K
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Bitcoin price started a new decline from the $62,000 resistance area. BTC is falling and remains at risk of further losses below the $60,000 level. Bitcoin started a new decline after failing near $62,000. The price is trading below the $61,000 level and the 100 hourly simple moving average. There…
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MicroStrategy Bought 122 Bitcoin In April, Now Holds 214,400 BTC
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MicroStrategy, a leading business intelligence and software company, continued its steadfast commitment to Bitcoin by purchasing an additional 122 BTC in April at a total cost of $7.8 million, said founder and CEO Michael Saylor. Announce today. BREAKING: MicroStrategy bought another 122 #Bitcoin For $7.8 million. pic.twitter.com/IZWUNj0kHY – Bitcoin Magazine…
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US Mega Banks JP Morgan And Wells Fargo Unveil Bitcoin Exposure As BTC Drops To $60,000
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JP Morgan and Wells FargoTwo of the largest banks in the United States announced their investments in spot bitcoin ETFs, revealing their exposure to BTC, the world’s largest cryptocurrency. This important development comes amid the ongoing decline in the cryptocurrency market, which has led to… BTC price drop Just over…
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El Salvador’s Bitcoin Beach Launches Campaign To Advance Circular BTC Economies Worldwide
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Bitcoin Beach, in collaboration with Geyser and the Federation for Bitcoin Circular Economies (FBCE), announced… Bitcoin Beach Grants A tour aimed at promoting circular economies for Bitcoin globally. This initiative aims to support emerging Bitcoin circular economies seeking to grow through local Bitcoin education, merchant adoption, and community initiatives using…
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South Korea’s Bitcoin Kimchi Premium Drops: What Does it Mean for BTC?
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The price of Bitcoin kimchi in South Korea has fallen significantly amid a broader market decline, indicating weak enthusiasm among digital asset investors in the country. according to Data From CryptoQuant The price of Bitcoin Kimchi fell 1.5% on Friday during the afternoon trading session in Asia. Bitcoin Kimchi Premium…
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South Korea’s Bitcoin Kimchi Premium Drops: What Does it Mean for BTC?
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The price of Bitcoin kimchi in South Korea has fallen significantly amid a broader market decline, indicating weak enthusiasm among digital asset investors in the country. according to Data From CryptoQuant The price of Bitcoin Kimchi fell 1.5% on Friday during the afternoon trading session in Asia. Bitcoin Kimchi Premium…
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WIF, TON Explode by Double Digits as BTC Taps $63K Amid Minor ETF Outflows (Market Watch)
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Bitcoin price volatility has increased in the last few hours as the asset briefly rose towards $64,000 but was halted and pushed back to $63,000 now. RNDR continues to rise in price with another impressive daily increase that pushed it to over $11. Most of the other alternatives are also…
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WIF, TON Explode by Double Digits as BTC Taps $63K Amid Minor ETF Outflows (Market Watch)
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Bitcoin price volatility has increased in the last few hours as the asset briefly rose towards $64,000 but was halted and pushed back to $63,000 now. RNDR continues to rise in price with another impressive daily increase that pushed it to over $11. Most of the other alternatives are also…
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Ethereum (ETH) Capital Inflows Pales in Comparison to Bitcoin (BTC)
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During the ongoing cycle, BTC and ETH have seen increasing divergence in their respective performances. According to Glassnode results, this can be attributed to the overall trend of weaker capital turnover, especially compared to previous cycles and all-time high breakouts. Ethereum is receiving weak capital inflows In the run-up to…
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DOGE, SOL, AVAX Keep Plummeting as BTC Slumps Toward $62K (Market Watch)
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Bitcoin’s positive price movements at the start of the business week were short-lived as the asset has lost over $3,000 since then and is now struggling to stay above $62,000. Altcoins are not in better shape, with DOGE, SOL, and AVAX down 5% or more in the past 24 hours.…
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Dogecoin (DOGE) Bull Run, Bitcoin (BTC) Price Recovery, and More: Bits Recap May 6
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Turkish lire; Dr Bitcoin has rebounded from recent lows to over $64,000, indicating resilience and potential upward momentum. DOGE is seeing a notable weekly rise of 12%, driven in part by Tesla’s acceptance, showing continued investor interest. XRP maintains bullish momentum, reaching around $0.53 amid ongoing legal action with the…
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Bitcoin Price Rejects Key Resistance, Time For Another Drop In BTC?
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Bitcoin price started to rise steadily above the $62,500 resistance level. BTC is once again struggling to clear the $64,500 and $65,000 resistance levels. Bitcoin is showing positive signs and is facing hurdles near $64,500. The price is trading above $62,500 and the 100 hourly simple moving average. There is…
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Nasdaq-Listed Coal Miner Adds 425 BTC To Balance Sheet
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on First quarter earnings call Yesterday, Alliance Resource Partners, a $2.8 billion coal mining company that trades under the ticker ARLP on the Nasdaq, reported that it is mining Bitcoin and currently has 425 Bitcoin on its balance sheet. Nasdaq listed Alliance Resources $ARLPa $2.8 billion coal mining company, mines…
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BTC Price Surges Above $59K as Spot Bitcoin ETF Outflows Ease Up
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After days of suffering huge losses that led to its price rising to $56,500, Bitcoin rebounded on Thursday and during the early hours of Friday. This coincided with a slowdown in outflows from spot bitcoin exchange-traded funds (ETFs) in the United States compared to the record outflows of the previous…
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Prepare for a Bitcoin Chop Before the Positive Impacts of the BTC Halving Take Place: Bitfinex
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Bitcoin is struggling to rise above the $60,000 level after a devastating downtrend this week. Bitfinex analysts shared their latest insights on BTC for May, predicting that the world’s leading cryptocurrency will continue to act as a benchmark for price movement in the market, indicating the market capitalization of the…
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BlackRock’s Spot Bitcoin ETF Sees First Outflows Amid BTC Price Slump
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Bitcoin exchange-traded funds (ETFs) in the United States recently observed a noteworthy trend, marked by a period of six consecutive days of outflows. Notably, BlackRock’s IBIT ETF experienced its first case of outflows just yesterday. This development coincides with Bitcoin going through its most challenging month since the aftermath of…
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Bitcoin Investors Remain Unmoved Despite BTC Drop Below $60,000, The Worst Is Almost Over
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Wednesday, Bitcoin It fell sharply, falling below The critical support level is $60,000. Despite this recent downtrend in the market, Bitcoin investors remain confident as they believe that major cryptocurrencies are still accessible. new Horizons In this market cycle. Some say this may be what Bitcoin needs before making another…
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‘Buy the Dip Crypto’ Searches Jump to a Two-Year High as Bitcoin (BTC) Falls to Monthly Lows
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Turkish lire; Dr Despite the recent price decline in the cryptocurrency market, including Bitcoin, some investors appear to be interested in potential buying opportunities, which is reflected in an increase in searches for “buy low crypto.” On-chain metrics such as the MVRV ratio and shifts in open interest indicate a…