Browsing: Bitcoin & Altcoins
Bitcoin faced a downturn early Monday, slipping below the $70,000 mark as volatility surged in anticipation of this month’s looming block reward halving. Currently trading at around $69,565, Bitcoin experienced a 1.1% dip within the day, according to data from
In a recent development, the Arizona State Senate has turned its attention towards incorporating Bitcoin exchange-traded funds (ETFs) into two of the state’s retirement portfolios. This move comes as a part of a resolution that is currently under review, aiming
Bitcoin adoption in El Salvador has proven to be a lucrative venture for the government, as it has amassed significant profits, with its Bitcoin holdings now valued at over $164 million. According to data from BitcoinTreasuries, the country’s holdings have
Crypto traders and several key metrics are pointing towards the imminent arrival of an altcoin season, marking a potential shift in market dynamics. Bitcoin witnessed a sharp correction following its all-time high of $69,324 on March 5. Meanwhile, altcoins, particularly
Bitcoin’s meteoric rise is fueling a surge in crypto wealth, with over 1,500 new millionaire wallets being minted daily, according to a report by Kaiko Research. These millionaire wallets, which hold substantial amounts of cryptocurrency, are witnessing a rapid increase as Bitcoin
In a monumental surge, spot bitcoin Exchange-Traded Funds (ETFs) in the United States experienced unprecedented inflows exceeding $1 billion in a single day, marking another milestone in the burgeoning cryptocurrency market. The data, sourced from BitMEX Research, underscores the escalating investor interest in bitcoin-related
Bitcoin fell below $27,000 for the first time in over 16 months on Thursday. This was amid concerns about rising inflation and the collapse of a controversial stablecoin project. According to Bitstamp data, Bitcoin sank as low as $26,595.52 Thursday morning. That marks
Bitcoin prices soar to new heights, surpassing $72,000, following the UK Financial Conduct Authority’s (FCA) decision to greenlight cryptocurrency-linked exchange-traded products (ETPs). In an announcement on Monday, the FCA disclosed its willingness to entertain requests from recognized investment exchanges seeking to introduce
In a recent statement, Bitwise Chief Investment Officer Matt Hougan urged caution among investors, highlighting the prevalence of overvalued cryptocurrencies amidst surging prices. Hougan pointed out that not all tokens experiencing price hikes in the cryptocurrency market are deserving of
According to the latest FBI Internet Crime Report 2023, losses stemming from cryptocurrency investment scams in the United States skyrocketed to $3.94 billion in the past year, marking a significant 53% increase from $2.57 billion recorded in 2022. The FBI’s report