As the cryptocurrency market and most of the equities market continues to plummet, the Bitcoin (BTC) Fear and Greed Index has slumped to alarmingly low levels. At press time, the Index has dropped to levels not seen since January, when the benchmark cryptocurrency traded at around $33,000. So far, May has not turned out to […]
Bitcoin (BTC) recorded a surge after a streak of downward momentum courtesy of the US Fed interest rate decision announcement. The benchmark cryptocurrency tapped the $40,000 top for the first time since April 28. As expected, the broader market reacted similarly to the news, as the total market cap added 5.7% to its value yesterday. […]
Top executives in the cryptocurrency space have written to the US Environmental Protection Agency (EPA) to address falsities and preconceived notions surrounding Bitcoin (BTC) mining. Not surprisingly, the letter was authored by MicroStrategy CEO Michael Saylor, along with Castle Island Ventures partner Nic Carter and Core Scientific co-founder Darin Feinstein. This address comes after some […]
Following news that Fidelity Investment plans to create a Bitcoin (BTC) plan in its 401(k) retirement accounts, MicroStrategy CEO and vocal Bitcoin supporter Michael Saylor has commended the move, arguing that BTC is perfect for retirement and better than bonds. Speaking to CNBC on April 26, the pro-Bitcoin CEO argued that BTC is significantly better […]
The launch of Australia’s first Bitcoin (BTC) exchange-traded fund (ETF), originally scheduled for April 27, has been postponed, with reports faulting a third-party broker. Last week, ASX Clear (Australian Securities Exchange), the nation’s equity capital market regulator, green-lighted the application to launch the first BTC ETF in the country. This approval came after four market […]
With the recent activities in the market, it has become evident that Bitcoin (BTC) and the stock market have begun moving in tandem again. On Friday, the benchmark cryptocurrency saw over 6% of its value chipped away within a few hours, falling to the $39,200 low, as the stock market exhibited similar momentum. The S&P […]
As Bitcoin (BTC) continues to struggle, the number of Google searches for the benchmark cryptocurrency has plummeted to its lowest level since late 2020. Meanwhile, the Bitcoin Fear and Greed Index has settled in “fear” territory, despite Bitcoin’s commendable performance over the past few days. While whale accounts continue to transact heavily with BTC, the […]
After dropping to the $38,560 low yesterday, following a prolonged consolidation around the $40,000 mark, Bitcoin (BTC) began to acquire a growing bearish sentiment over its near-term price action. However, many saw this dip as a good chance to stack up on BTC for less, and this strategy appears to have paid off over the […]
MicroStrategy CEO Michael Saylor has asserted that his company does not intend to slow down its Bitcoin (BTC) purchasing spree anytime soon. The Bitcoin proponent made the assertions in a letter addressed to company stockholders on April 14, ahead of the Annual Meeting of Stockholders scheduled for May 22. Saylor assured that the Nasdaq-listed corporation, […]
