Tag: Cryptocurrency Market

Bitcoin (BTC), the largest cryptocurrency, surged 5% over the weekend, reaching $67,500. With the Bitcoin halving event just three weeks away, investors are starting to build up their positions in preparation. Famous investor and writer Robert Kiyosaki has stated that he intends to increase his Bitcoin holdings by an extra 10 Bitcoin before April, driven by the upcoming halving event.

An Ethereum (ETH) Initial Coin Offering (ICO) participant has resurfaced after more than 8.7 years of inactivity, sparking suspicion in the larger digital currency industry.

In recent days, bitcoin has regularly hovered above the $60,000 barrier throughout March. With its value skyrocketing, many long-term holders have begun to move large amounts of dormant bitcoins from wallets that haven’t seen activity in years. March has emerged as a critical month for transactions utilizing historical bitcoins.

With the native token of Solana facing an enormous wave of supply, the market value of the SOL token dropped to 3% this week. With escalating global tensions and the BTC price back at $65000, altcoins might see a landslide. Despite the fall, the SOL price seems poised for a rebound, with a bullish pattern showing on the charts. Will the cryptocurrency reemerge over $200 after a breakout run, or will it sink below $150 as expected?

Jim Bianco, a well-known financial adviser, recently came up to defend Tim Buckley, CEO of Vanguard, against the barrage of criticism that erupted following Buckley’s remarks on the company’s stance on spot Bitcoin ETFs. The dispute began when Buckley stated that Vanguard would not participate in the spot Bitcoin ETF market, which contrasted dramatically with moves taken by other major asset management firms. This article offers a thorough explanation of the matter, including Bianco’s defence, the industry environment, and the ramifications of Vanguard’s stance.

In a stunning turn of events that reflects Satoshi Nakamoto, the creator of Bitcoin,’s forewarnings, the financial system saw another striking difference between the struggling traditional banking sector and the booming cryptocurrency market.

Recent data from Binance highlights significant fluctuations in Bitcoin’s price over the past few hours. After briefly plummeting to $59,005, Bitcoin has since rebounded to $63,675. The heightened volatility has led to substantial liquidations across the network, totaling $1.183 billion in the last 24 hours. Long positions accounted for $892 million of liquidations, while short positions amounted to $291 million. Notably, a staggering 319,000 individuals were liquidated during this period. Moreover, the BitVol (Bitcoin Volatility) Index surged to 78.81, nearing its one-year high of 79.92 recorded on March 4.

Bitcoin surged to a historic high of $69,000 on March 5, marking a significant milestone in its price trajectory. This resurgence comes after 846 days, signaling a renewed bullish sentiment in the cryptocurrency market. Michael Saylor, a prominent figure in the industry, declared the onset of the “Bitcoin gold rush era,” attributing it to the launch of Bitcoin exchange-traded funds (ETFs) in January 2024. The rapid influx of institutional money into these ETFs, notably BlackRock’s, underscores the growing mainstream acceptance of Bitcoin as an investment asset. With Bitcoin adoption accelerating, fueled by both institutional and retail investors, these record-breaking price levels may soon become a distant memory, highlighting a paradigm shift in the financial landscape.

The chief investment officer of Bitwise asserts that a “massive supply-demand dynamic” is responsible for the potential price spike of bitcoin beyond $200K this year, stressing that “there’s too much demand and not enough supply” for the digital currency. Because of spot bitcoin exchange-traded funds (ETFs), he predicted “an even bigger wave” of demand for the cryptocurrency, saying, “It’s in a new era of price discovery and I think prices could go substantially higher from here.”

Tether’s USDT has achieved a significant milestone, hitting an all-time high market capitalization of $100 billion, showcasing a 9% growth since the year began. This milestone cements Tether’s position as the dominant stablecoin, outpacing its closest competitor, USD Coin (USDC). Despite this success, a lawsuit has emerged involving cryptocurrency platform FTX and its alleged misuse of Tether in a profit-making scheme, underscoring challenges in the stablecoin sector.