Tag: Bitcoin price fluctuations
El Salvador’s Bitcoin Experiment and its Impact on Inflation
El Salvador recently made headlines by becoming the first country in the world to adopt Bitcoin as legal tender. This move has sparked a lot of interest and debate among economists, policymakers, and the...
Bitcoin futures see all-time high surge in Open Interest (OI) by 29% in November
Bitcoin futures experienced a significant surge in Open Interest (OI) in November, reaching an all-time high increase of 29%. This surge indicates a growing interest in Bitcoin futures trading among investors.Open Interest refers...
Bitcoin Price Volatility Expected to Surge Before US Elections
Bitcoin's price volatility is expected to increase in the days leading up to the US presidential elections, according to Standard Chartered's global head of digital assets research, Geoffrey Kendrick. Kendrick pointed out that key...
Bitcoin Price Plunge Sparks $289M Market Liquidations
Bitcoin's price took a surprising turn, dropping below $70,000 after reaching a high of $72,900 yesterday. This sudden shift in the market caused a total of $289.93 million in liquidations within a 24-hour period,...
Bitcoin ETFs See Massive Inflows, BTC Prices Pause
Bitcoin prices took a slight dip after a week of gains, dropping around 0.5% over a 24-hour period before bouncing back to stabilize just above $72,400.There was a notable increase in inflows for U.S....
Understanding Bitcoin’s Price Volatility for Financial Advisors
In today's issue, we will discuss the recent fluctuations in the price of Bitcoin and how financial advisors can assist their clients in navigating this volatile market. Andy Baehr from CoinDesk Indices will provide...
Gold Hits Record High 30 Times, Bitcoin Only 5 – Yearly Comparison
Gold has been on a record-breaking streak this year, hitting all-time highs an impressive 30 times. In contrast, Bitcoin has only reached new highs 5 times in the same period. This disparity in the...
Bitcoin Dominates Crypto Inflows with $407 Million Amid Election Dynamics
Bitcoin continues to dominate the cryptocurrency market with an impressive $407 million in inflows, as reported by CoinShares. These positive flows are largely attributed to the recent political dynamics in the United States, particularly...
Bitcoin’s Longest Flat Market in Halving Year History
Bitcoin is facing its longest period of sideways trading during a halving year, potentially signaling a significant shift in market dynamics. According to CryptoQuant CEO Ki Young Ju, Bitcoin has historically taken up to...
Bitcoin Price Plunge Causes $196M Liquidations
Bitcoin recently experienced a significant drop in price, falling below $59,000 for the first time since September 18. This sharp decline led to a wave of long liquidations across the cryptocurrency market, resulting in...