Bitcoin

Bitcoin is a type of digital currency or cryptocurrency, a medium of exchange that exists solely online. The currency broke into mainstream consciousness in 2017 as its price climbed dramatically over the year. More recently, after plummeting significantly in 2022, the crypto soared in late 2023 and early 2024 with the impending approval of Bitcoin…

After a significant market correction, the crypto landscape is ripe with opportunities. In recent days, the crypto market has undergone a substantial sell-off. Such corrections, while not uncommon, had not been seen for quite some time. Despite this, the total crypto market cap has increased by 40% year-to-date. Following a sustained rise throughout most of…

Bitcoin’s Market Tumble Triggers Over $145 Million in Liquidations In a volatile 24-hour window, more than $145 million in Bitcoin long positions were liquidated as prices tumbled to their lowest in months. Market analysts attribute the sharp decline primarily to reduced interest from investors in the United States, which significantly influenced the recent market downturn.…

Coinbase, the largest U.S. cryptocurrency exchange by trading volume, announced today that it is rolling out support for the Lightning Network. This integration offers a faster and more cost-effective method for its users to send, receive, or pay with bitcoin directly from their accounts. Previously, bitcoin transactions on Coinbase were processed on-chain, meaning they could…

Australia Ramps Up for Major Bitcoin ETF Rollouts in 2024 As of now, the U.S. boasts 11 operational Bitcoin spot ETF products. The U.S. Securities and Exchange Commission gave the green light to these in January. The introduction of these ETFs sparked a notable surge of interest among major investors, with these ETFs accounting for…

As dusk settled on April 19, the much-anticipated halving event for Bitcoin (CRYPTO: BTC) unfolded. Across the globe, cryptocurrency enthusiasts are celebrating a pivotal moment that historically heralds the onset of a new bull market phase for Bitcoin. Bitcoin’s Built-In Monetary Blueprint It’s not widely recognized that Bitcoin emerged in response to the 2008 financial…

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…