Cryptocurrencies are having a tough day, with Bitcoin plummeting below $65, 000. This dip follows a broader market trend, reflecting a similar decline in traditional stock markets. Over the past 24 hours, Bitcoin has lost more than 2. 5% of its value, dashing hopes of hitting the $70, 000 mark that seemed possible just a week ago. This downward spiral highlights the ...
Bitcoin's price is soaring, reaching about $68, 000, up by 9. 5% over the past week and 2. 8% in a single day. This surge is fueled by investors flocking to U. S. spot bitcoin ETFs, which saw a massive inflow of over half a billion dollars in one day. According to Farside, this is the largest daily inflow since June. Fidelity's Wise Bitcoin Origin Fund led the way wi...
The price of bitcoin has been on the rise, reaching as high as $61,337 on Tuesday. This significant jump is attributed to the anticipation of the Federal Reserve's rate cut, which is expected to be announced at the end of the central bank's two-day policy meeting. The rate cut is believed to lead to looser lending conditions, which can encourage more speculative beha...
FTX's downfall was marked by its poor balance sheet and liquidity crisis, which led to a $10 billion fraud committed against customer funds. The company's collapse sent shockwaves throughout the crypto industry, causing a ripple effect that left several other companies reeling. BlockFi, Voyager, Celsius, Genesis, and Gemini, all of which had direct or indirect connec...
The cryptocurrency market is notorious for its volatility, and Bitcoin is no exception. Recently, its price plummeted from $70,000 to around $50,000, leaving many investors wondering what's next for this digital darling. But, in a remarkable turn of events, Bitcoin's price has rebounded back to $60,000, sparking renewed optimism in the crypto community. So, what's d...
It's September, which means the cryptocurrency market is once again entering its most infamous month. Since 2013, the market has historically taken a nosedive in September, with negative returns in eight of the past eleven years. But, this year, whispers of an impending Federal Reserve rate cut are stirring up hope among investors. Could this be the year that breaks ...