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The economy is heating up as the Consumer Price Index, the top measure of inflation, skyrockets to 3.4% in April. This unexpected surge has experts buzzing and consumers bracing for impact. But that’s not all – in a wild twist, the price of Bitcoin has also shot up to a staggering $64k in just 24 … Read more
Bitcoin (BTC) enthusiasts held their breath on Monday as the cryptocurrency seemed to be gearing up for a bullish run. However, Tuesday brought a sudden shift in the market, causing BTC to plummet to $61,735 (BTC/USD). Amidst a tumultuous global economy plagued by soaring inflation rates, investors have been eagerly anticipating a resurgence in Bitcoin’s … Read more
Bitcoin takes a tumble over the weekend, shedding 3.95% of its value and crashing to the $60,000 mark against the US dollar. Investors hold their breath as the once-stable cryptocurrency shows signs of volatility. The cryptocurrency market was buzzing with excitement this morning as the token made a strong comeback, signaling a bullish trend for … Read more
Bitcoin’s (BTC) network is experiencing a dramatic decrease in activity, with traders noticeably reducing their transaction pace in the past two months since the cryptocurrency hit its record-breaking peak. The hidden patterns within the world of cryptocurrency, data analytics firm Santiment has shed light on a surprising trend: a decrease in on-chain activity on the … Read more
Wells Fargo, a leading American bank, has boldly ventured into the world of cryptocurrency by investing in Grayscale’s cutting-edge spot Bitcoin ETF. Banking giant Wells Fargo has made a bold move into the world of cryptocurrency by investing in a Bitcoin ETF from both Grayscale and ProShares. With 37 shares of ProShares Bitcoin Strategy ETF, … Read more
Enter the world of cryptocurrency and behold the mighty Bitcoin, a constantly evolving giant that never fails to captivate. Its latest move, the elusive “Golden Cross” appearing on its daily chart, has once again stolen the spotlight. As we reflect on previous surges in value, the air is thick with anticipation of a potential upward … Read more
Shaking off the remnants of yesterday’s sluggishness, Bitcoin (BTC) has burst back to life with a remarkable 3% surge today. The sudden revival is being linked to the ongoing rollercoaster ride of market emotions, all while a major event loomed on the horizon: the expiration of 18,000 Bitcoin options. Bitcoin’s (BTC) recent price surge has … Read more
Bitcoin stands strong in the volatile market, rising confidently after a shaky start to the week. With its value surpassing $63,000 yesterday, the bulls are determined to maintain this upward trend and potentially reach new heights of $66,000. The key to solidifying last week’s gains lies in Bitcoin’s ability to close above this crucial level. … Read more
Bitcoin’s recent performance has been lackluster, with the price remaining stagnant and uninspiring. Despite a minor dip on May 8th, the market is still dominated by sellers, as evidenced by their push against resistance levels for potential gains. The day ended with a doji, signaling a possible advantage for buyers, but a significant breakthrough is … Read more
In the year 2024, Bitcoin has made waves with its skyrocketing prices and rollercoaster ride of ups and downs. Despite facing obstacles like market volatility and regulatory scrutiny, Bitcoin has proven its strength and potential for growth. Even with its recent dip below $62,000, industry experts like CryptoQuant CEO Ki Young Ju are still confident … Read more