Tag: NASDAQ:COIN
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Bitcoin Surges Past $45K, Coinbase Spotlights $74 Billion Blockchain Savings, and Latest Crypto News
Bitcoin surpasses $45,000 on Thursday In the last 24 hours, Bitcoin (COIN:BTCUSD) has crossed the $45,000 mark, coinciding with the historical peak of US stock market indices. Fernando Pereira, an analyst at Bitget, shared his view on Bitcoin’s immediate future, highlighting two potential paths: “I see 2 possibilities for the short term in BTC. Failing…
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Crypto: Valkyrie Selects BitGo as Custodian, Chainlink Surges 35% in the Week, and More
ARK Invest sees Bitcoin at $2.3 million with asset diversification and market updates ARK Invest predicts that Bitcoin could reach $2.3 million with a reallocation of 19.4% of global assets. The report highlights Bitcoin (COIN:BTCUSD) as an attractive investment, with an annualized return history of 44% over the past seven years, outperforming other assets. ARK…
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Crypto: Tether Records Historic Profit, Co-founder of Ripple’s Accounts Breached, and More
Bitcoin stabilizes after bear resistance Bitcoin (COIN:BTCUSD) has plateaued after bears blocked its growth, keeping the price at $43,578 with a 1.44% increase in the last 24 hours. Analyst Ali Martinez sees this level as a buying opportunity, especially after the MVRV index fell below the 90-day average, indicating potential recovery. On the other hand,…
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Crypto: Abracadabra Finance Assets Affected by Hack, Invesco and Galaxy Reduce Fees, and More
Jump in Solana’s transaction volume in January The Solana blockchain witnessed a significant increase in transaction volume in January, reaching $951.9 billion, a 30% growth compared to December’s volume. This surge marks a significant recovery in network activity, surpassing the levels of 2022 and 2023 by a wide margin. Contributing to this wave, the value…
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Crypto: GRIID Nasdaq Debut, OKX Leads Crypto Inscription Innovation, and more
Reduction in contracts boosts Bitcoin price The recent rise in Bitcoin (COIN:BTCUSD) above US$43,000 may be related to the decrease in open interest in bitcoin options, especially at US$40,000, according to analyst Gordon Grant. After the options expired at the end of January, there was a notable decrease in these contracts, potentially freeing the Bitcoin…
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Crypto: Bitcoin Surpasses $42K on Friday, Canaan Raises $50 Million for Expansion and R&D, and More
Bitcoin surpasses $42,000 with reduced selling pressure and favorable economic outlooks Bitcoin (COIN:BTCUSD) saw a significant increase of 5.3%, reaching $42,020, buoyed by the reduction in outflows from the Grayscale Bitcoin Trust (AMEX:GBTC), easing investor concerns and propelling weekly gains into positive territory. Fernando Pereira, analyst at Bitget, highlighted the bullish scenario for cryptocurrencies, supported…
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Crypto: Tesla’s 4Q BTC Holdings, Final Ethereum Update Tests, and More
BTC price experienced a slight fluctuation following an optimistic US GDP report Bitcoin (COIN:BTCUSD) dropped by less than 1%, approaching $39,600, after the US reported a 3.3% growth in fourth-quarter GDP, surpassing expectations of 2%. While this growth was lower than the 4.9% seen in the previous quarter, it nearly matched December’s inflation rate of…
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Crypto: Avalanche Memecoin Criteria, OKB’s Rapid Decline and Recovery, and More
Bitcoin falls below $40,000 On Monday, the cryptocurrency market experienced a significant setback, with Bitcoin (COIN:BTCUSD) dropping notably below the $40,000 mark, marking its lowest value of the year. By Tuesday, Bitcoin had stabilized, trading at $39,482. Meanwhile, Ethereum (COIN:ETHUSD) continued its downward trend, priced at $2,220, a decrease of 3.93% from the previous day.…
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Crypto: BTC Dips Below $41,000, UMA Token Surges 112%, and More
Widespread fall in the cryptocurrency market: Bitcoin drops to the level of US$40,000 The cryptocurrency market faced a sharp drop, with bitcoin (COIN:BTCUSD) falling below US$41,000. At the time of writing, Bitcoin was trading down 1.6% at $40,608. Ether (COIN:ETHUSD) also followed the downward trend, declining by 1.3% to US$2,434. This devaluation affected the entire…
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Crypto: GBTC Outflows Boost ETF Alternatives, Trump’s Stance Against CBDCs, and More
Opposing trends: Cryptocurrency decline and dollar rise after Bitcoin ETFs The recent approval of Bitcoin ETFs has generated a surge in trading volume in the cryptocurrency market. However, an unexpected premium on spot Bitcoin points to an unusual market. The price of Bitcoin, undergoing an ongoing correction, has been exacerbated by growing risk aversion among…