Bitcoin

Groundbreaking Launch In its inaugural week, the newly introduced Runes token standard on the Bitcoin network has amassed an astonishing 2129 bitcoins in transaction fees, equating to roughly $135 million. Runes utilizes Bitcoin’s UTXO model and the OP_RETURN opcode, presenting a more streamlined method for tokenization compared to the existing BRC20 standard, which relies on…

The cryptocurrency market cap has seen a decrease of approximately 4%, now standing at roughly $2.48 trillion. This decline is predominantly driven by Bitcoin, which was trading at around $64,253 early Thursday in the Asian markets, after struggling to breach the significant $67k resistance level. More than $212 million in crypto assets were liquidated recently,…

The cryptocurrency market experienced a sharp decline today as a substantial volume of long bets were offloaded, affecting major cryptocurrencies. Bitcoin, Ethereum, Solana, among others, saw their prices drop significantly due to the selling of long positions. Significant cryptocurrencies like Bitcoin and Ethereum experienced notable losses today. As of the latest data from CoinGecko, Bitcoin’s…

In the latest market movements, Bitcoin (BTC) witnessed a downward adjustment, finding its footing around the $66,000 mark, as market enthusiasts grappled with the resurgence of Treasury yields and the looming prospect of postponed Federal Reserve rate adjustments until later this year. Concurrently, Ether (ETH) hovered just above the $3,300 threshold, and the broader CoinDesk…

With Bitcoin’s market capitalization reaching a historic high of $1.451 Trillion, investors are gearing up for potential gains well ahead of the upcoming Division. The largest cryptocurrency by market cap has shown a notable reversal in late 2023 and this trend has continued into 2024, affirming the dominance of the bullish market sentiment. The surge…

The digital currency industry continues to exhibit significant changes in the landscape, suggesting increased price action in the market. Furthermore, the market leader, Bitcoin, has already secured a new all-time high of over $73,000, highlighting a positive outlook for the market in the upcoming period. On the other hand, the altcoin leader, Ethereum, had surpassed…

As Bitcoin’s valuation skyrockets, the cryptocurrency community eagerly anticipates the approaching ‘halvening’ event, sparking debates over its impact on the market surge. Depending on one’s standpoint, the halvening is either a pivotal juncture, solidifying Bitcoin’s standing as a prized digital asset due to its escalating rarity, or dismissed as a mere technical maneuver hyped by…

LONDON, March 11 (Reuters) – Bitcoin skyrocketed to yet another historic milestone on Monday, surpassing the remarkable threshold of $70,400, indicating a relentless surge in the premier cryptocurrency’s value. It surged to $70,488.50 in early European trading, as data from LSEG illustrated. The cryptocurrency’s meteoric rise has been fueled by an influx of funds into…

After Bitcoin’s recent surge, Ethereum is charting its own path towards a significant price increase. Analysts anticipate a bullish momentum that could potentially drive the price of Ethereum to new heights, mirroring Bitcoin’s recent achievements. The cryptocurrency shows no signs of slowing down, with expectations of robust price action in the near future. Following Bitcoin’s…

Whether we like it or not, the world of cryptocurrency has altered the way we view personal finance.