Bitcoin is fighting to hold above $63,000 after momentarily falling below $61K this morning, just hours before the FOMC meeting. Yesterday saw Bitcoin fall by 8%, the biggest one-day decline since the collapse of FTX, which has made traders extremely wary. The world’s biggest and most established cryptocurrency fell to $60,951.91 on Wednesday morning before […]
Bitcoin trying to hold $63K ahead of Fed meeting Read More »
These days, Bitcoin’s trajectory has been somewhat unpredictable. The price fell sharply after reaching a record high of nearly $74,000 last weeks. Many analysts predicted a “healthy” retracement before another uptrend and warned that a 20% decline was possible. However, the community is interested in knowing how low the property could go. We decided to
Factors Affecting Bitcoin’s Decline in Value and Potential Path to $60K Read More »
In a swift turn of events, the cryptocurrency market has witnessed a significant downturn, with a staggering $230 billion wiped off its market capitalization within a mere six days. This abrupt decline has been notably marked by Bitcoin’s retreat of 11.65% from its record high of $73,949 over the past five days. The primary catalyst
Understanding the Recent Crypto Market Downturn Read More »
MicroStrategy, a well-known business intelligence company and self-proclaimed pioneer in Bitcoin development, has once again grabbed attention with its latest action in the cryptocurrency realm.
MicroStrategy, a software company known for its interest in bitcoin, recently bought more bitcoins. They used $623 million to purchase 9,245 bitcoins, each costing around $67,400. This money came from $592.3 million raised through a special type of loan and $30.7 million from their extra cash.
MicroStrategy’s Latest Purchase Pushes Holdings to Over 1% of Bitcoin’s Total Supply Read More »
The Government Pension Investment Fund (GPIF) of Japan declared on Tuesday that it was investigating ways to diversify into illiquid assets like gold, farms, Bitcoin, and forests. In line with its goals for fiscal year 2023, it intends to conduct research and receive feedback on a number of investment-related topics. However, the proposal does not
Bitcoin (BTC) experienced a flash crash to $8,900 on BitMEX exchange the previous night. Flash Crash describes a situation in which the value of an asset drops dramatically and then quickly rises back up.
Bitcoin Price Alert: Bitcoin Price Flash Crashes to $8.9K on BitMEX Exchange Read More »
It has become difficult for the Bitcoin price to overcome the $68,800 barrier in the last 3-4 days. Its price is falling, and further declines may occur below the $65,000 support. Bitcoin Price Faces A Tough Resistance The Bitcoin price once again tried to rise above $65,500. It rose above $67,200 and $68,000. However, the
Bitcoin Price May Fall More Before Marching Towards $70,000 Read More »
