Tag: Cryptocurrency market trends
Bitcoin’s Correlation with Gold Strengthening During Economic Downturns
During times of economic uncertainty, investors often look for safe-haven assets to protect their wealth. In recent years, both Bitcoin and gold have emerged as popular options for investors seeking to hedge against market...
Bitcoin Warning: First Mover Americas Sees Price Drop to $55K
Bitcoin experienced a slight drop in price to $64,500 during the European morning, after falling to $62,500 on Thursday. This price is close to the 50-day moving average, which is an important support line...
Bitcoin Price Prediction: VanEck CEO Predicts $350k Target Amid Regulatory Quantitative Easing
VanEck CEO, Jan Van Eck, recently shared his optimistic prediction that Bitcoin could potentially reach $350,000 per coin as central banks engage in quantitative easing. This positive outlook stems from the belief that Bitcoin...
Genesis Trading Returns $3 Billion to Customers, Transfers 32,256 BTC
Genesis Trading recently completed a significant transfer of assets, moving 32,256 BTC valued at $2.12 billion and 256,775 ETH worth about $838 million to various addresses. This transfer is part of the company's efforts...
Bitcoin Network Difficulty Reaches Record High Amid Price Volatility
Bitcoin’s network difficulty has reached a new high, hitting 90.67 trillion on August 2, 2024, as reported by CoinWarz. This achievement comes after a period of declining difficulty, indicating a resurgence in miner confidence...
Bitcoin Price Prediction: Analyst Forecasts BTC to Reach $700,000
Bitcoin's price has been on a rollercoaster ride, with analysts predicting both short-term losses and long-term gains. Despite recent price drops, some experts remain bullish on the cryptocurrency's future potential.Willy Woo, an on-chain analyst,...
Coinbase Earnings Threatened by Low Volume and Federal Headwinds, Analysts Warn
Coinbase's second-quarter earnings were considered solid by Wall Street analysts, despite a potential slowdown in the third quarter. The exchange reported total revenue of $1.45 billion, but revenue from transaction fees decreased by 27%.Analysts...
CleanSpark’s Bitcoin Treasury Grows by 567% Since 2023
CleanSpark, a public Bitcoin miner in the US, has seen a significant increase in its Bitcoin treasury, growing by 567% since 2023. The company reported mining 494 BTC in July 2024, with a total...
Bitcoin ETFs Accumulate Over 300K BTC in 2021
In 2021, regulated spot Bitcoin ETFs in the United States have been accumulating a significant amount of BTC, despite recent selling pressure that caused the price of Bitcoin to drop to a 6-month low...
XRP Price Surges as Shark and Whale Investors Increase
XRP, a popular cryptocurrency, has seen a surge in price recently as the number of shark and whale investors on the network has increased. These investors, known for holding large amounts of XRP, play...














