New on-chain metrics on Bitcoin (BTC) show that the network has recorded a positive feed after reports of non-zero wallets and wallets holding at least one BTC tapped new highs. This positive development comes after whales and other large entities moved significant chunks of their holdings around amid the ongoing Russia-Ukraine war. As the name […]
El Salvador President Nayib Bukele has announced the launch of the Bitcoin (BTC)-built veterinary hospital via Twitter on Saturday, noting that treatment at the monumental hospital would cost only $0.25 worth of BTC. Apart from breaking the record as the first sovereign nation to adopt Bitcoin as legal tender, El Salvador has also spent its […]
Bitcoin (BTC) suffered another wave of sell-off in the Asian session on Thursday, as it fell to the $34,337 low. The rest of the cryptocurrency industry suffered the same fate, as the total market capitalization fell to the $1.5 trillion mark again. Many analysts argued that the $35,000 level was a critical level for the […]
Recent reports from the El Salvador government show that the nation’s tourism sector has grown by over 30% in the last five months since the enactment of the Bitcoin Law last September. The announcement came from El Salvador’s Ministry of Tourism earlier this week, attributing the tourism influx increase to the Bitcoin Law, which saw […]
Bitcoin (BTC) suffered another debilitating blow on Tuesday as it fell to the lower $36,000 end amid the worsening geopolitical tensions between Russia and Ukraine. That said, many analysts now opine that $30,000 could come into view again. Today’s drop to the $36,370 low makes it the third consecutive daily decline for the benchmark cryptocurrency […]
Bitcoin (BTC) has refreshed its downward trend, as bears snapped the $40,000 support overnight and sent the price to the $38,000 low. The current bearish sentiment comes amid the growing Russia-Ukraine political tensions, which has prompted investors to dump risky assets like stocks and bonds for less risky ones like gold and safe-haven currencies. That […]
The US Senate Committee Foreign Relations released on Wednesday that Senators Risch (R-Idaho), Bob Menendez (D-N.J.), and Bill Cassidy (R-La.) recently introduced a bill dubbed the “Accountability for Cryptocurrency in El Salvador Act’’ (ACES Act). Per the announcement, the proposed bill mandates a report from the State Department regarding El Salvador’s recent adoption of Bitcoin […]
Bitcoin (BTC) continues to struggle to make any meaningful headway above the $44,500 top, as the benchmark cryptocurrency stalled around this barrier for the past 24 hours. Analysts opine that BTC has fallen into a sideways bias following new comments from the US Fed. The recently released FOMC minutes came with some surprises for the […]
Despite Bitcoin (BTC) currently trading about 36% lower than its November 10 all-time high of $69,000, new on-chain reports show that the number of BTC tokens on crypto exchanges has plummeted to its lowest levels in about ten months. According to prevailing statistics, the number of all BTC on crypto exchanges at a small 2.363 […]
