After experiencing a significant downtrend, Bitcoin (BTC) has encountered buying from the green support range of $66,666 – $65,80012. The price of Bitcoin is currently $67,338.98, with a 24-hour trading volume of $41,274,351,584.21. The market capitalization of Bitcoin is $1,394,246,700,172, making it the largest cryptocurrency by market cap. The recent downtrend in Bitcoin’s price resulted in a…
Following the approval of Bitcoin Spot ETFs, many analysts believe that the current downturn is a classic case of a “sell the news” scenario. Today, the price of BTC experienced a sharp decline of nearly 10%, plummeting to $41,500. Simultaneously, a substantial amount of liquidation activity has inundated the cryptocurrency market over the past hour….
Over the past week, the non-fungible token (NFT) market has experienced a 12.26% drop in sales, reaching a total of $463.87 million. This decline follows a trend from the previous week. Notably, Bitcoin-based NFTs led the market with sales amounting to $265.61 million, despite a 13.71% decrease from the week before. Concurrently, Solana’s NFTs have…
Bitcoin is on track to conclude 2023 as one of the year’s top-performing assets, with its value in U.S. dollars surging almost 160% since the year began. Outshining this impressive rise, only the shares of semiconductor leader Nvidia have exhibited stronger performance over the same period. Significant events have played a role in fueling Bitcoin‘s…
As holiday decorations light up neighborhoods worldwide, Bitcoin (BTC) encounters a subdued Christmas atmosphere, not mirroring the festive spirit. Read Exeton Tech on Google News The current price of Bitcoin hovers around $43,161.88, marking a slight decline of 1.2%. This downturn has prompted a warning about potential volatility in the market. Contrary to the common…
Despite Bitcoin’s growing popularity and acceptance, doubts about its longevity persist. Since its creation nearly a decade and a half ago, Bitcoin has been dismissed by skeptics many times, including several instances in 2023, even as it has shown a consistent uptick in value. Prominent voices in the cryptocurrency space, each with a significant online…
Bitcoin (BTC) has been fluctuating within the $40,000 to $45,000 bracket, struggling to break through the key resistance level amid extended market stabilization. However, a technical analysis of Bitcoin suggests a likelihood of the asset reaching new peaks, based on patterns observed in past price trends. Notably, Bitcoin is on the verge of completing its…
Renowned macro expert and cryptocurrency fund manager Dan Tapiero forecasts a significant surge for Bitcoin (BTC) in 2024. Speaking to his 111,000 followers on a popular social media platform, Tapiero highlights Bitcoin’s exceptional performance as a top asset. He anticipates it will continue to achieve substantial gains in the coming year, following its remarkable rise…
Bitcoin is a digital currency, categorized as a cryptocurrency, designed for online transactions. It gained widespread attention in 2017 when its value surged dramatically throughout the year. Subsequently, in 2020 and 2021, Bitcoin witnessed another meteoric rise, attracting traders seeking rapid wealth. However, it experienced a significant drop in value in 2022, prompting diverse opinions…
Bitcoin, widely recognized as the pioneering cryptocurrency, emerged in 2009, setting the stage for a new financial era. However, the digital currency landscape extends far beyond Bitcoin, featuring a diverse array of “altcoins,” which are essentially alternatives to Bitcoin. While Bitcoin remains the most prominent in terms of market presence and value, other cryptocurrencies have…
Bitcoin mining involves generating new bitcoins by solving complex mathematical problems that validate transactions in the digital currency. This process rewards miners with a specific amount of bitcoin upon successful mining. Bitcoin, a well-known cryptocurrency, has attracted significant attention due to its dramatic fluctuations in value and substantial appreciation since its inception in 2009. With…
The rapid fluctuations in the value of cryptocurrencies like Bitcoin and Ethereum have raised significant tax concerns among crypto traders. The United States Internal Revenue Service (IRS) is intensifying its regulatory actions, and it’s crucial for everyone involved with cryptocurrencies, whether through holding or trading, to be aware of the legal implications to avoid potential…
The cryptocurrency community is buzzing with speculation regarding the Hong Kong government’s potential launch of a spot cryptocurrency Exchange-Traded Fund (ETF). This development is occurring against the backdrop of regulatory uncertainty in the United States, introducing an intriguing dynamic to the global cryptocurrency market. Arthur Hayes, co-founder of BitMEX, has expressed his enthusiasm for this…
