Cryptocurrency exchanges continue to record large outflows as reports show that $1.8 billion worth of Bitcoin (BTC), Ethereum, and Tether have recently left the market. Analysts have pointed at the extreme fear in the market as the catalyst for this outflow. Ethereum posted the highest outflows, with $748 million worth of ETH leaving centralized exchanges. […]
Bitcoin (BTC) has reacted positively, surprisingly, to the US Federal Reserve’s recent rate hike, as the benchmark cryptocurrency tapped $41,470. The US Fed raised its interest rate to 0.50%, its first rate hike in four years. The Fed’s decision comes after the Bank of England (BoE) raised rates by 25 basis points (bps) along with […]
Following a difficulty plunge to 1.49% to the 169 EH/s area two weeks ago, Bitcoin (BTC) has seen its hashrate jump by over 15% ever since, as the network hashrate hovers over 200 exahash per second (EH/s). On March 3, Bitcoin’s difficulty dropped by 1.49% after six consecutive upward difficulty adjustments. At press time, the […]
Recent reports show that the supply of Bitcoin (BTC) on cryptocurrency exchanges has depleted significantly over the last few days. CryptoQuant reported that the total supply of coins on exchanges today has dropped to 2.32 million BTC, the lowest amount in over three years. The total number of BTC on trading platforms in March 2019 […]
Shark Tank star Kevin O’Leary recently announced that he has millions of dollars in cryptocurrency. O’Leary, a former critic of Bitcoin and the crypto industry, now compares investing in cryptocurrency to investing in giant corporations like Google and Microsoft. In 2019, the Canadian TV star described Bitcoin as “worthless,” “useless currency,” and called it “garbage […]
Bitcoin (BTC) and the broader crypto market have undergone a roller coaster ride in the past 24 hours, leading to the liquidation of over $215 million within the same period. The benchmark cryptocurrency recorded a sharp price surge above the $42,000 mark yesterday following the leak and eventual signing of the highly-anticipated digital asset executive […]
Following its crash from the $40,000 level in early March, some pundits have opined that Bitcoin (BTC) is most likely going to hit $50,000 by the end of March. Though the cryptocurrency has had a choppy trading session from the past few weeks, the CoinMarketCap community asserts that it should stage a +23% rally from […]
CEO of Devere Group Nigel Green has predicted that Bitcoin (BTC) would hit $50,000 by the end of March. Devere operates as an independent financial advisory and asset management company with its headquarters located in the UAE. Green made his bullish projection last Tuesday after BTC surged by over 10% within 24 hours, noting: “As […]
Recent reports show that Bitcoin (BTC) whale accounts, large accounts holding at least 100 and 1,000 coins, have begun massively stacking up on BTC, once again. Meanwhile, BTC accumulation wallets, active BTC accounts that have refused to sell their tokens, have hit a new record high. The financial world has been rocked by a series […]
