[Mar 4, 2023 5:53 AM] Galaxy Digital’s research unit believes that Bitcoin NFT marketplace will grow to a $4.5 billion market cap. From their projections, these growth figures will emerge by March 2025. NFTs have become increasingly popular across several blockchains…
[Mar 4, 2023 4:18 AM] Strong U.S. equities and a floundering dollar normally serve to boost BTC price action — but Silvergate is the elephant in the room.
[Mar 3, 2023 8:57 PM] Galaxy’s estimation was based on the rapid uptick of interest in Bitcoin NFTs, currency market infrastructure, and the potential to take some market-share away from Ethereum.
[Mar 3, 2023 4:30 PM] On March 2, 2023, FTX debtors released their second stakeholder presentation, which contains a preliminary analysis of the now-defunct cryptocurrency exchange’s shortfalls. The latest presentation reveals a significant shortfall, as…
[Mar 3, 2023 2:00 PM] According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin…
[Mar 3, 2023 1:15 PM] Concerning news from Silvergate Bank and FTX may have influenced investors’ decision to press the sell button, but the potential for further downside could be limited.
[Mar 3, 2023 11:30 AM] On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline…
[Mar 3, 2023 9:30 AM] Crypto assets such as Bitcoin and Ethereum have always been known to be impacted by the news, and the latest news today that resulted in a plummet in the market is the Silvergate fallout. This news has caused a sharp decline in two of the largest…
[Mar 3, 2023 8:30 AM] Over the last 24 hours, Bitcoin has seen a drastic decline in price. The digital asset’s value fell by over $1,200 in the space of one hour, dragging it back down to the $21,000 territory for the first time in almost one month. As a result…
[Mar 3, 2023 7:30 AM] Bitcoin dropped to a two-week low on Friday, as crypto markets continued to react to the uncertainty surrounding Silvergate. The solvency of the bank has been put into question, with Binance, Coinbase and other exchanges moving to halt…
[Mar 3, 2023 6:15 AM] Persistent inflation and a strong labor market create conditions for more Fed rate hikes in 2023, which may push Bitcoin down against the U.S. dollar.
[Mar 3, 2023 5:35 AM] Bitcoin saw its biggest long squeeze in four months at the start of the trading day in Hong Kong today, which briefly sent the price below $22,000. Within the last 24 hours, a total of over $73 million in longs were liquidated, and over $200…
[Mar 3, 2023 1:45 AM] In the last few hours, the Bitcoin price has experienced the most violent crash since the collapse of FTX. The BTC price crashed by $1,300 within an hour and briefly fell below $22,000. Remarkably, the price drop occurred with the start of the…
[Mar 2, 2023 9:43 PM] Bitcoin price declined sharply after another rejection near $23,650. BTC is now consolidating above $22,000 and remains at a risk of more downsides. Bitcoin is down over 5% and there was a sharp reaction from the $23,650 resistance zone. The price…
[Mar 2, 2023 4:40 PM] Bitcoin (BTC) continues its consolidation above $23,000. The largest cryptocurrency on the market has been stuck in a range following what appeared to be an uptrend poised to break new yearly highs and climb to the $30,000 level. As of press time…
[Mar 2, 2023 4:30 PM] On March 2, Xapo Bank announced its partnership with Lightspark, a company led by David Marcus, former crypto boss at Facebook. The partnership aims to extend the utility of bitcoin and the Lightning Network. Xapo revealed on Thursday that it is…
[Mar 2, 2023 2:30 PM] On February 7, 2023, Bitcoin golden crossed on the daily timeframe using spot price charts. The bullish buy signal failed to produce any significant upside. The same signal is close to firing on a “future” price chart, which could…
[Mar 2, 2023 12:00 PM] Alex Gladstein, the Chief Strategy Officer at the Human Rights Foundation, predicts that there will be more pressure for Bitcoin to change its consensus algorithm from proof of work to proof of stake. Bitcoin Is A Work Of Art? In a tweet on March…
[Mar 2, 2023 11:00 AM] Over the last month, the price of bitcoin has been in a decline. This comes after a fairly bullish month of January where prices of the digital asset returned to pre-FTX collapse levels. But while momentum has hit a roadblock, signaling that the…
[Mar 2, 2023 9:43 AM] Bitcoin wobbles over fresh concerns over crypto firm solvency, but BTC price performance remains stronger than Coinbase and Silvergate bank stock.
[Mar 2, 2023 7:30 AM] Bitcoin fell into the red on March 2, as markets reacted to further negative data from the United States. The nation’s manufacturing sector contracted for a fourth straight month in February, which comes as consumer confidence also fell last…
[Mar 1, 2023 9:25 PM] Bitcoin price is still well below the $24,000 resistance. BTC must clear the $24,000 barrier to move into a bullish zone and start a fresh rally. Bitcoin is still facing hurdles and trading below the $23,650 resistance zone. The price is trading…
[Mar 1, 2023 1:00 PM] A recent report published by market strategists from the investment bank and financial services company UBS says that the upcoming Mt Gox payouts won’t destabilize bitcoin’s value. While a new supply will come to the market, UBS…
[Mar 1, 2023 12:36 PM] Bitcoin started March on a positive note, but historically the month has recorded mediocre gains, which could be an early warning sign for crypto investors.
[Mar 1, 2023 10:30 AM] It’s no news Bitcoin has since been a millionaire-maker ever since its massive surge from its all-time low of trading below a dollar back in the day. And now, once again, data from on-chain analytics firm Glassnode shows the largest cryptocurrency…
[Mar 1, 2023 9:00 AM] Nine years and nine months ago, on May 9, 2013, coinmarketcap.com recorded 14 cryptocurrency assets, and bitcoin’s overall valuation was $1.24 billion, with 11.13 million bitcoins in circulation at the time. Today, the same website indicates…
[Mar 1, 2023 8:00 AM] Bitcoin rebounded on March 1, as markets reacted to the latest consumer confidence report from the United States. Confidence slipped last month, which appears to be a sign that higher rates are starting to take effect. Ethereum also moved higher on…
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