Latest on-chain reports from Glassnode show that cryptocurrency investors withdrew Bitcoin (BTC) at the most aggressive rate ever recorded in June, with exchange outflows topping 151,000 BTC worth over $3 billion. Notably, the number of active addresses has plunged by 13% since November 2021, following the commencement of the bear cycle. As of July 4, […]
On-chain analytics platform Glassnode suggested in a recent report that Bitcoin (BTC) has hit its lowest level in the ongoing bearish cycle as network activity plummets on a lack of new users. Glassnode asserted that June was Bitcoin’s worst trying month in over ten years, adding that the benchmark cryptocurrency is near its bottom as […]
Last Thursday, Jacobi Asset Management announced that it plans to launch the first Bitcoin exchange-traded-fund (ETF) in Europe on the Euronext exchange. This comes despite the raging volatility currently getting recorded in the crypto market, signaling notable confidence in the market. The digital asset management company noted that its Bitcoin ETF would begin trading on […]
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Bitcoin (BTC) has dropped by an additional 21% over the last two weeks with miners suffering a serious backlash from the crash. Now, a recent report from Bloomberg shows that several loans backed by mining rigs are in distress. CFO and co-founder of Luxor technologies, Ethan Vera, estimated that about $4 billion worth of mining […]
As the crypto market valuation tanks under the $1 trillion mark and Bitcoin (BTC) struggles with the $20,000 mark, China has heightened its anti-Bitcoin campaign. State-run Chinese newspaper Economic Daily recently advised Bitcoin investors to adopt extreme caution as it predicted that the benchmark cryptocurrency is “heading to zero.” This misinformation comes as an ongoing […]
Cryptocurrency exchange Paxful recently reported that Nigerians ranked among the highest in Bitcoin (BTC) trading over the last seven months. This was despite the existing restrictions by the Central Bank of Nigeria on crypto transactions within the country and falling prices. In its report dated June 20, 2022, Paxful revealed that crypto transaction volume by […]
Bitcoin (BTC) and the crypto market are in a race to the bottom as waves of sell-offs continue to erode massive value from the industry. The last 24 hours have been one of turmoil for the crypto market, with liquidations running in the hundreds of millions. BTC surrendered the critical $20,000 base yesterday, slumping to […]
Chief investment officer (CIO) of global fixed income at Blackrock, Rick Rieder, remains bullish on Bitcoin and cryptocurrency despite the ongoing carnage ripping through the crypto market. Block rock is the world’s largest asset manager with a whopping $10 trillion in assets under management (AUM). The Blackrock executive made some bullish comments and projections for […]
