Bitcoin ETF outflows hit 170 million dollars in a single day. On September 6, withdrawals reached 170 million dollars, according to Spot On Chain. Fidelity’s BTC was the hardest hit, losing 85 million dollars. Grayscale’s BTC followed with 52.9 million dollars in outflows. This investor exodus points to growing uncertainty. It’s been a rough 1st […]
Bitcoin remains bearish amidst rising hashrate and market challenges. Despite the fact that on September 1, 2024, the network hashrate of BTC reached a record 742 exahashes per second, the cryptocurrency is exhibiting bearish trends. The price of Bitcoin fell by 10% in the last ten days, from $64,190 to $57,800 on September 3. 📰 […]
Ethereum (ETH) Current StatisticsThe current price: $2,373.61Market Capitalization: $285.62BTrading Volume: $13.37BMajor supply zones: $3,500, $4,000, $4,500Major demand zones: $2,500, $2,000, $1,500 Ethereum (ETH) Price Analysis September 05, 2024Ethereum’s (ETH) price declines after rejection at the 21-day SMA and the resistance at $2,800. Buyers have failed to sustain the price above the $2,800 level and the […]
Bitcoin (BTC) has experienced weak momentum over recent weeks, fluctuating between $55,000 and $65,000. The leading cryptocurrency has found it challenging to return to the $70,000 mark, let alone push to a new all-time high (ATH). According to analysts at IntoTheBlock, Bitcoin’s inability to reach a new peak is largely due to the significant number […]
Understanding Bitcoin: The Foundation of a New Era Bitcoin, a digital currency, has revolutionized how we think about money and investments. Its creation in 2009 by an unknown person or group under the pseudonym Satoshi Nakamoto was driven by the desire for a decentralized financial system, free from the control of governments and financial institutions. […]
As we approach 2025, the question of whether this year will herald mass Bitcoin adoption in the U.S. remains a topic of debate among experts. The crypto industry is buzzing with discussions about the factors that could drive widespread acceptance of Bitcoin and other cryptocurrencies.In a recent roundtable discussion led by Rob Nelson, experts weighed […]
Bitcoin is Grappling with Ongoing Bearish Pressure as Buyers Fail to Break Through the Crucial $65,260 Level Bitcoin bulls, currently trading around the $58,590 mark have been struggling to regain their footing after making significant efforts in recent days. Last week, the bullish momentum was derailed as buyers were unable to penetrate the $65,260 resistance […]
El Salvador’s President Nayib Bukele recently shared his thoughts on the country’s bold move to make Bitcoin legal tender. In a candid interview with TIME Magazine, Bukele admitted that Bitcoin hasn’t been adopted as widely as he had hoped, but he still sees many positives in the experiment. TIME’s new cover: How Nayib Bukele’s “iron […]
Bitcoin Battles for Bullish Momentum Bitcoin price retreats to $61,510, battling for bullish momentum. The cryptocurrency market has experienced a shift in Bitcoin’s (BTC/USD) direction, with sellers managing to alter the trajectory of the crypto’s price action. After reaching the $65,040 significant level, buyers encountered strong resistance and were unable to drive the price higher. […]
