Bitcoin’s prospects in light of the cryptocurrency market’s liquidity hitting a ten-month low.
The US banking crisis has coincided with Bitcoin reaching a new yearly high this month. Despite this, cryptocurrency enthusiasts are still apprehensive as the liquidity of BTC has hit its lowest point in the past ten months. The reason for this can be attributed to the closure of the SEN and Signet payment networks, previously […]
Bitcoin’s Accelerated Growth Propels it to a New High: What’s the Next Move?
Bitcoin had an exceptional week of price performance, with a 35.8% increase, which is among the best in history. Only 124 trading days have witnessed a larger 7-day upswing, and since 2015, only 16 days have experienced a similar trend. This is typically seen in bull markets, often during the later stages. This surge in […]
Correcting or Growing: Evaluating Bitcoin’s Recent Performance
Over the past few days, Bitcoin experienced a surge in value, but this was followed by a minor decline. Yesterday, Bitcoin’s price momentarily exceeded $26,300 before correcting to $24,700. The growth in Bitcoin’s value was reportedly driven by inflation data in the United States, which was recorded at 6%. However, this correction in Bitcoin’s price […]
American banks’ circumstances reignite demand for Bitcoin
Bitcoin surpassed the significant threshold of $22,000 on Monday and its value climbed to a little over $24,300 on Tuesday, March 14th. This rise follows the announcement of the rescue of depositors at Silicon Valley Bank, which has contributed to Bitcoin’s upward momentum. Despite earlier predictions of a decline and a test of the $19,500 […]
Bitcoin’s March Rate and the Impact of Significant Market Events
On March 9th, the market is experiencing a downturn with both Bitcoin and other altcoins, such as Ethereum, seeing a decline. However, despite a strong start to the year and a continuous rally in the first 45 days, Bitcoin has become increasingly volatile in recent weeks due to the SEC’s crackdown on crypto companies and […]
To Combat Bitcoin Profit-Taking, BTC May Require a Temporary Drop
Bitcoin (BTC), the largest cryptocurrency in the world, faced selling pressure last week. Fed Chairman Jerome Powell spoke to Congress on March 7th, mentioning a likely increase in monetary policy tightening. Powell noted that the overall market segments show minimal indications of disinflation, with the exception of the housing construction industry. He stated that there […]
Increasing Investor Enthusiasm, Bitcoin Outflow from Centralized Exchanges, and NFT Marketplace Face-Off
Market sentiment, correlations and volatility In February, the leading cryptocurrencies experienced a period of consolidation following substantial growth at the beginning of the year. By the end of the month, Bitcoin and Ethereum had only shown slight increases of 0.03% and 1.26%, respectively. During this time, there were several notable developments among the most active […]
The Intersection of Ordinals Project and NFTs on the Bitcoin Blockchain
The popularity of the Ordinals project is growing rapidly, causing debates within the community about the feasibility and potential of NFTs within the first cryptocurrency network. Bitcoin enthusiasts argue that the purpose of digital gold was not to incorporate images onto the blockchain, while others believe that this new opportunity could benefit the ecosystem and […]
Bitcoin Price Prediction
Bitcoin (BTC) has been able to show the potential for a rising trend since the beginning of 2023, but can BTC rise over the long run? Bitcoin is a cryptocurrency that has enhanced its significance, being referred to as a digital gold with no limits of logistics or national boundaries. The technology revolution has provided […]
Exploring the Factors That Could Ignite a Bitcoin Rally in 2023
As we enter 2023, the Bitcoin market is experiencing steady growth, offering a respite from the previous bearish conditions. Many investors are now asking whether this trend will continue and lead to a significant rally in the coming months. Recent data suggests that such a rally may indeed be on the horizon, with cryptocurrency quotes […]
What to expect from Bitcoin this February?
Bitcoin started 2023 briskly, but stalled in February The start of 2023 has been a strong one for Bitcoin, as it has seen its most intense rally in two years with a whopping 43% increase. However, in recent times, the momentum seems to have slowed down. The bulls appear to be facing some challenges, as […]
Explained: Makers, takers, and tariffs on crypto exchanges
Many crypto trading platforms operate on maker/taker systems. Users placing orders become either makers or takers. The market makers and takers pay commission for conducting trade on the exchange. However, the commission rates are dependent on the role the trader or client plays in the system. The rates also vary on different exchanges based on […]
4 Crypto Adoption Expectations to Play Out in 2022
There has been a lot of dramas in the crypto space in 2021. We are witnessing another year’s end where most cryptos have a firm ride on the bullish line. We witnessed different cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) reaching a new set of all-time highs. But there is an important question we […]
Fidelity becomes Canada’s first institutional Bitcoin (BTC) custodian
Fidelity Investments, a renowned financial services company, has unlocked another milestone. The company’s subsidiary, Fidelity Clearing Canada, has won the regulatory approval of the Investment Industry Regulatory Organization of Canada (IIROC) to launch the first institutional BTC custodial service in Canada. According to the report, Fidelity Clearing Canada will enable Canadian pension funds, mutual funds, […]
Bitcoin Season: Is It Real or an Excessive View?
This year, the crypto market has experienced strange happenings around Bitcoin and alternative coins (altcoins). We saw the possibility of a coin being an outlier despite the surge in Bitcoin’s price. Likewise, DeFi and NFTs are massively adopted across the space. Amidst all of these, there is a hot argument about the existence of “Bitcoin […]
Bitcoin Best Monthly High Since 2020: 5 Indicators for Coming Week
Despite the Bitcoin (BTC) price ending with more than $60,000 for a new all-time high price recorded, market participants are worried about the sustainability of the increase or the disappointment that may come with a price drop. Time and predictions will change the narrative of a $100,000 BTC price hike or a dip around $50,000 […]
Bitcoin sets new ATH; Triggers Pimco to consider trading cryptos
Bitcoin (BTC), the largest crypto by market capitalization, has surged to new heights after the ProShares Bitcoin Strategy ETF listed on the New York Stock Exchange (NYSE). The digital asset opened this week changing hands at $61,548.80 and surged to revisit the $64,000 level on October 19, the day of the ETF’s listing. The ETF, […]
Bitcoin Enters the Final Stage of the Major Bull Trend
Cryptocurrency analyst and trader Alessio Rastani believe that Bitcoin is entering the final stage of a major bull trend considering the recent surge in its price. Bitcoin seems to be reaching the much-anticipated $100,000 soon as it breaks out the classic bullish structure. Bitcoin to break all-time high soon In a recent interview, the experienced […]
BTC’s market cap peaks at $1.211T as the price approaches its ATH
Bitcoin (BTC), the largest cryptocurrency by capitalization, has unlocked another milestone after breaching past its initial market cap all-time high (ATH) of $1.206 trillion. The digital asset achieved this feat yesterday after its capitalization swelled to $1,211,242,526,571. At the time of writing, BTC’s market cap has had a slight downward correction from its peak to […]
Analysts stand divided on how BTC will fair after ProShares’ ETF launches
Bitcoin (BTC) has been making moon shots on expectations that the US Securities Exchange Commission (SEC) will approve ProShares BTC futures exchange-traded fund (ETH). With the regulator giving the company the go-ahead to launch the ETF today, analysts are conflicted on whether the flagship cryptocurrency will continue trending higher or crash once again. Some analysts […]
