After yet another volatile weekend, Bitcoin (BTC) has jumped by about $3,000 from a seven-day low. Altcoins also posted a positive recovery today, following a $200 billion dip over the weekend. The total cryptocurrency market valuation bottomed at $1.4 trillion yesterday, from a high of $1.6 trillion. The primary cryptocurrency has battled unsuccessfully with the […]
Bitcoin regained slight bullish traction earlier today and crossed the $40k mark following an announcement from the Biden administration on the US spending budget. The President of the United States, Joe Biden, will submit a $6 trillion spending budget proposal later this week. Although Bitcoin rallied at the news, it failed to sustain the bullish […]
The recent crypto market crash reportedly sent the Bitcoin (BTC) premium on Grayscale down a -21% slope, a multi-year low. However, the premium appears to have stabilized a bit around -4% over the past few hours. That said, this metric could return to positive levels later next month, as many GBTC investors will cash out. […]
Reports show that over $400 billion left the cryptocurrency space over the weekend, in what has been one of the worst sell-offs in the crypto industry history. Total market capitalization trades around a multi-month low of $1.47 trillion in the early Asian session on Monday. The market correction sent the industry’s cap down by about […]
Bitcoin (BTC) resumed its bearish spiral earlier today, as the benchmark cryptocurrency looks to retest this week’s low at $30k, according to Bitstamp. Bybt revealed that the crypto market recorded liquidations of over $1.2 billion over the past 12 hours. At press time, BTC is down by -13%. Meanwhile, the total cryptocurrency market cap fell […]
Two weeks after Elon Musk’s infamous tweet about Tesla ending BTC acceptance for its vehicles due to Bitcoin’s carbon footprint, two leading global exchanges (FTX and BitMEX) have announced that they would go completely carbon neutral. San-Francisco-based trading platform FTX asserted its commitment to the green cause via a tweet on Friday. Although the exchange […]
Bitcoin (BTC) and the rest of the cryptocurrency market underwent an extremely volatile session over the past 24 hours. The benchmark cryptocurrency slumped to its lowest level since January at $30k and rebounded by about $10k over the hours. Bitcoin suffered terribly following negative announcements from Tesla and China. The recent slump is said to […]
New reports show that roughly 9 out of 10 Bitcoin (BTC) mining pools support the Taproot activation. This network upgrade could significantly improve the Bitcoin network scalability and privacy features. However, considering that Bitcoin is in a Difficulty Epoc, an upgrade seems unlikely. BTC.TOP became the latest mining pool to endorse the Taproot upgrade and […]
The charismatic founder of Bridgewater Associates, Ray Dalio, has warned that the success of Bitcoin (BTC) and other cryptocurrencies could become a big anchor at the Wall Street Journal “Future of Everything Festival” last week. The Bridgewater founder noted that: “Its own biggest risk is its success because as a store hold of wealth, no […]
