CryptoQuant data shows that Bitcoin miners are actively selling their mined coins at a pace exceeding their production rate. According to the data, miners are capitalizing on the current high price of Bitcoin, which has surged by more than 12% in the last 30 days, according to CoinMarketCap. The data reveals that miner reserves, measuring […]
BTCUSD Drops Before Reaching the $45,000 Resistance BTCUSD drops in price, thereby experiencing a decline, failing to breach the $45,000 resistance level. Despite encountering resistance during its initial attempt in early December, where it faced an immediate rejection and dropped to $40,200, subsequent efforts to approach this significant level were met with a similar outcome, […]
MicroStrategy, a prominent software company specializing in business intelligence solutions, has reaffirmed its commitment to Bitcoin (BTC) with a substantial investment. On Wednesday, the company disclosed the acquisition of 14,620 BTC, valued at approximately $615.7 million. This move elevates MicroStrategy’s total Bitcoin holdings to an impressive 189,150 BTC, worth around $5.9 billion. Michael Saylor, the […]
INTRODUCTION The cryptocurrency market cap doubled in 2023, signalling the end of its “winter” and a significant transition. While positive, it’s premature to label it a victory over sceptics. Despite hurdles, the past year’s developments defy expectations, affirming crypto’s permanence. Now, the challenge is to capitalize on the moment and innovate further. Theme 1: Bitcoin […]
Entering a New Era of Decentralization Decentralization is a pivotal tool in democratizing crypto systems, promoting competition, and expanding user choices and ownership of Internet infrastructure. While challenges persist in achieving decentralization at scale, the evolution of web3 governance models, influenced by the “living laboratory” of web3, is paving the way for unprecedented levels of […]
BTCUSD is Hesitating to Make the Lunge Towards the $45,000 Price Bitcoin (BTCUSD) is hesitating in approaching the $45,000 price level. Despite a robust bullish trend initiated in October, the cryptocurrency has encountered resistance at the $45,000 level, facing swift rejection and subsequently retracting to the $40,200 support level. Bitcoin Key Levels Supply Levels: $45,000, […]
Nigeria’s Central Bank lifted the crypto ban, boosting Bitcoin’s bullish outlook. Nigeria’s Central Bank (CBN) has recently removed constraints for banks handling cryptocurrency transactions., signaling a bullish trend for Bitcoin (BTC). This move is expected to fuel heightened competition rising within Nigeria’s crypto-fiat exchanges and peer-to-peer (P2P) markets. CRYPTO BREAKING NEWSNigeria Central Bank Lifts Restrictions […]
Hong Kong regulators have expressed openness to approving spot cryptocurrency exchange-traded funds (ETFs), potentially ushering in a new era for digital assets in the region. The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) jointly declared on Friday a willingness to consider authorizing spot crypto ETFs. This marks a pivotal shift […]
BTCUSD Bullish Formation May Aid its Breakout Beyond $45,000 BTCUSD bullish formation is very promising at the moment. It is expected to potentially facilitate a breakout beyond the $45,000 threshold. The recent market movements suggest that Bitcoin is poised for an upward surge, surpassing not only the $45,000 price level but also initiating a breakout […]
