Bitcoin is gaining bullish momentum after the cryptocurrency bounced off the lower Bollinger Band. On Wednesday, a wave of selling dominated the BTC market after the price dropped below $56,000. BTC ready to rally to new all-time high Unfortunately, the selloff resulted in $1.4 billion liquidations, with some analysts suggesting that this is the last
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The cryptocurrency industry was a buzz of activity in the first-quarter going by massive investments by mainstream firms that saw digital currencies rally to record highs. With the race to mainstream adoption gathering pace, it promises to be an exciting year as investors jostle for opportunities in the nascent industry. ImToken Funding Round Chinese Startup
Transaction volume in the South Korean cryptocurrency markets exceeded the stock market’s daily average transaction volume, as BTC rose to a new all-time high of $61,000. Crypto market volume surges on BTC price rise to $61,000 CoinMarketCap data showed that the combined 24-hour volume to top south Korea-based digital currency exchanges Bithumb, UPbit, Korbit, and
Cryptocurrency markets dropped value significantly at the start of the week, with billions of dollars shaved off the cryptocurrency economy’s capitalization. Despite this, cryptocurrency derivatives are surging, with interest in BTC futures commandeering almost $19.1 billion on Tuesday. Bitcoin price continues to show the volatility On Sunday, BTC hit an all-time high of $58,354 per
The cryptocurrency sector continues to grow fast, but some with each network looking to attract more users. Crypto influencer Lark Davis has urged Ethereum network developers to quickly unveil ETH 2.0 to avoid losing users to other networks because of high gas fees. Ethereum developers should expedite ETH2.0 Davis has indicated that Ethereum competitors will
After hitting $50,000 at the beginning of the week, Bitcoin is holding around those levels. Its market capitalization is up to $923 billion. The largest cryptocurrency is on the path to hit the trillion-dollar crypto asset class. With the US dollar ending its winning streak on Thursday as quick economic recovery hopes dampen due to
Chinese asset manager CSOP Asset Management has launched the first exchange-traded fund in Hong Kong to track China’s Star Market. The Shanghai-based science and technology board has been drawing significant interest in the mainland since its establishment 18 months ago. CSOP Asset Management launches ETF to Track China’s Star Market The launch of CSOP Asset
Interest in bitcoin refuses to fade off even with the crypto appearing overvalued at record highs above the $40,000 mark. The meteoric rise has come at the back of increased investment interest worldwide. Indian cryptocurrency exchanges are the latest to register a four-fold increase in Bitcoin interest in recent weeks. Cryptocurrency exchanges and trading platforms
On Friday, Bitcoin price jumped over 20% to $38,566 after Elon Musk added #Bitcoin to his personal Twitter profile, thus fuelling speculation that he had acquired more BTC. Musk tweets driving stock sentiments A day before, the richest man in the world prompted CD Projekt shares to surge by 12% after stating that the latest
Bitcoin is trying to bounce back after a 30% plus correction from all-time highs. The flagship cryptocurrency has been in consolidation mode after plunging from record highs of $42,000 to two weeks of lows of around $30,000. The bounce back is being fuelled by capital inflows from traders who missed out on the initial rally
Bitcoin implosion from record highs of $41,000 continues to gather steam amid a surge in selling pressure. The flagship cryptocurrency is down by more than 12% from its all-time high, having struggled to bounce back after a steep pullback. Bitcoin Sell-Off For the first time in over a week, the cryptocurrency slipped below the $33,000
Bitcoin has exploded in recent weeks and showing no signs of slowing down. Over the past five weeks, the flagship cryptocurrency has rallied by more than 50% powering through the crucial $16,000 level. While Bitcoin price did plunge below the $16,000 level abruptly, traders quickly stepped in to defend the $16,000 level. Bitcoin Rally In
Can Bitcoin take out its all-time highs of $20,000? Well, that’s the million-dollar question making rounds trading cycles after a recent spike to one-year highs above $15,000. Bitcoin market value has increased by more than $20 billion since the start of the U.S election, with the cryptocurrency looking increasingly bullish. Bitcoin Bullish Momentum Bitcoin dominance
Bitcoin has struggled to show any distinctive price movement after coming under pressure above the $12,000 level. The flagship crypto has come down tumbling and clinging on to support slightly above the $10,000 level. The sell-off came at the backdrop of the U.S Dollar strengthening across the board after crushing in the past few months.
Bitcoin price has more than tripled after imploding in March. The flagship cryptocurrency has retaken the $11,000 threshold at the back of renewed investor interest. The surge in price has coincided with a decline in Bitcoin balances held in major crypto exchanges. Bitcoin Strong demand Bitcoin balances in crypto exchanges have dropped to levels not