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Trump Flips Stance on Bitcoin: “I’m Not Sure If I’d Want to Take it Away At This Point”
11.3.2024
Republican presidential frontrunner Donald Trump took to CNBC Monday to reveal he is unsure whether he would want to get rid of bitcoin despite chastizing it in the past, going so far as to say he has “fun” with the cryptocurrency. Trump's comments come amidst a promising bitcoin rally, with...
As Bitcoin Hits New Highs, Nasdaq-Listed Miners Face Unexpected Declines
11.3.2024
Despite bitcoin reaching another all-time peak on Monday, publicly traded mining stocks commenced the day with percentage declines. Stock linked to companies such as Marathon, Cleanspark, Riot, and various others have diminished in value compared to the U.S. dollar, even as bitcoin celebrates fresh...
Ethereum Price Prediction as ETH Crosses $4,000 Level – New All-Time High Coming?
11.3.2024
Ethereum (ETH) is back trading comfortably above $4,000, a level last seen in late 2021. The cryptocurrency underpinning the most commercially important blockchain rallied 14.3% over the last 7 days, outpacing market leader Bitcoin (BTC), which rallied 9.7% this week. Ethereum’s market...
Microstrategy Boosts Bitcoin Holdings to 205,000 BTC After $800 Million Capital Raise
11.3.2024
Microstrategy has bought 12,000 more bitcoins after completing a $800 million convertible note offering. The Nasdaq-listed company now holds a total of 205,000 bitcoins, acquired for an average of $33,706 per coin. The note offering “was well received in the marketplace and upsized to...
Mudrex to Offer US Spot Bitcoin ETFs to Indian Investors
11.3.2024
Mudrex, an Indian cryptocurrency investment platform, has announced plans to offer US spot BTC ETFs to institutional and retail investors in India.
The post Mudrex to Offer US Spot Bitcoin ETFs to Indian Investors appeared first on Cryptonews
Bitcoin’s Climbing Value Outshines Global Silver Market in Historic Pre-Halving Surge
11.3.2024
Bitcoin’s ascent past the $72,000 mark has elevated its market capitalization beyond the combined worth of all the world’s silver. The cryptocurrency has seen a 52.7% increase in value relative to the U.S. dollar over the past month, with 41.1% of this uptick occurring within a mere...
Bitcoin’s Hashrate Reaches 618 EH/s, Establishing a New 7-Day SMA Record in 2024
11.3.2024
Bitcoin’s computing power has reached a new peak, ascending to 618 exahash per second (EH/s) as shown by the seven-day simple moving average. Currently, 56 entities are contributing at least 916.26 megahash per second (MH/s) to the network, with the mining pool Foundry USA at the forefront...
Trades lower the chance for Spot Ether ETF May approval
11.3.2024
Spot Ether ETF is the next desirable crypto ETF product in the community. It was slated for approval in the middle of 2024 or May 2024. The first deadline could now be far from becoming a reality since crypto traders have dragged down the approval possibility to 24%. A concrete reason has not been...
Ethereum Technical Analysis: ETH Secures Position Above $4,000 Following Key Resistance
11.3.2024
On March 11, ethereum’s price action painted a bullish picture, closing at $4,053 after touching a low of $3,800. With oscillators signaling mixed sentiments and moving averages strongly favoring buyers, the digital currency showcased a strong performance amidst a trading volume of $27.57...
Ethereum nears $4,000 while its Network Fees hit 2-year high
11.3.2024
Ethereum recently hit a 4% surge to almost reach the $4,000 mark. The coin stopped at $3,998, according to Coinmarketcap data. Its latest upward momentum was noteworthy, given the boorish performance of standard equities. Ethereum and Bitcoin outperform SP500 returns by 14.7% and 10%, respectively....
Bitcoin Technical Analysis: Oscillators and Averages Signal Strong Upward Momentum
11.3.2024
Bitcoin’s price on Monday, March 11, 2024, shows a bullish trend is undeniably in the air. The day unfurled with bitcoin dancing between $67,785 and $71,837, revealing a bullish sentiment amidst traders. This swing is underpinned by a robust market capitalization of $1.4 trillion, with...
South Korean Crypto Exchanges Outpace Stock Market in Trading Volume Amid Bitcoin Rally
11.3.2024
The recent surge in Bitcoin prices has reignited a cryptocurrency trading frenzy in South Korea, with trading volumes on local exchanges surpassing those of the stock market last week.
The post South Korean Crypto Exchanges Outpace Stock Market in Trading Volume Amid Bitcoin Rally appeared first...
SHIB and XRP compete while leading the race for memecoins
11.3.2024
SHIB has been seen forming a symmetrical triangle. Analysts speculated that it would continue the bullish run. Recent reports go on to invalidate the same sentiment, as the token has lost its momentum and resistance level. Suggestions for another 40% increase are in the picture but not the timeline...
Bitcoin Pushes Past $71,000 to Make a New All-Time High
11.3.2024
Bitcoin’s price has reached a new all-time high, surpassing the $71,000 mark with the rally still in progress. Over a period of six days, the world’s leading cryptocurrency has seen a more than 40% increase in value, bringing it close to surpassing the $72,000 threshold. The milestone...
Hong Kong Financial Institutions Eye Ethereum ETFs to Bolster Global Crypto Market Position
11.3.2024
In the wake of the successful launch of Bitcoin spot ETFs in the United States, financial institutions in Hong Kong are gearing up to tap into the growing demand for cryptocurrency investment products.
The post Hong Kong Financial Institutions Eye Ethereum ETFs to Bolster Global Crypto Market...
How Monero became extremists’ privacy coin of choice?
11.3.2024
Cryptocurrencies have been the preferred medium for financial transactions among extremist groups, resulting from their use of pseudonyms and organization structure. In the beginning, these groups centered on Bitcoin, but now they have shifted to some other privacy coins, e.g., Monero, so attention...
‘Wolf of All Streets’ Sees Start of Major Bull Run for Bitcoin and Broader Crypto Market — Warns of a ‘Huge Bubble’
11.3.2024
Scott Melker, also known as the “Wolf of All Streets,” believes that we are at the start of a major bull run for both bitcoin and the broader crypto market. “We will likely see a huge bubble and that coins with no fundamental value will also skyrocket before it inevitably...
US Court of Appeals Reverses Lower Court’s Ruling in Favor of Binance
11.3.2024
The United States Court of Appeals has reversed a lower court’s ruling dismissing U.S.-based users’ damages claim against Binance. Aggrieved users will once again attempt to prove that their claims do not constitute an “impermissible extraterritorial application” of U.S....
Ether Locked in Liquid Staking Platforms Skyrockets to $54.34B With a $26.85B Rise in 64 Days
10.3.2024
The volume and worth of liquid staking derivatives (LSDs) have expanded significantly since the beginning of the year, with 1.56 million ether being added to LSD protocols since Jan. 6. The total value of ethereum stored surged by $26.85 billion in the last two months. LSD Market Flourishes:...
Bitcoin Whale From 2015 Moves ‘Sleeping Bitcoins’ Worth $163M as Historic Wallets Wake Up
10.3.2024
As bitcoin remains stable above the $69K mark, an entity from 2015 made onchain waves by moving 2,352.62 bitcoins valued at more than $163 million. This individual executed the transfer through 80 distinct transactions, after letting the bitcoins remain untouched for more than eight years. 2015...