Bitcoin price volatility Bitcoin, the pioneer of cryptocurrencies, has captured the world’s attention with its unprecedented price movements and volatility. Why do prices swing so dramatically? It’s a valid question. After all, Bitcoin is no longer just a fringe asset used by a small community of enthusiasts; it’s a mainstream investment, traded by major financial…
Grayscale Bitcoin Trust As an individual or institutional investor, you may be considering ways to get involved in the exciting world of cryptocurrencies. The Grayscale Bitcoin Trust (GBTC) plays a significant role in the institutional adoption of Bitcoin and other cryptocurrencies. Let’s explore how this operates and its impact on the wider crypto market. What…
BTC Price Falls: Is There a Potential Reversal on the Horizon? Bitcoin has been plagued with low volatility after the widely celebrated rally to $30k on June 29. As usual, this has caused growing uncertainty among crypto enthusiasts in the past few weeks over Bitcoin’s subsequent decline to around $25k. Admittedly, according to popular opinion and expectation,…
August Bitcoin Outlook, here’s what to expect. Today marks the expiration of approximately $530 million worth of Bitcoin options, with BTC values at a six-week low as a result of reduced market activity and volatility. The 18,000 Bitcoin options contracts that expired today with a maximum loss of $29,500 show where most losses will occur….
What Happened in Crypto Today? The world of cryptocurrencies has been buzzing with significant events and developments today. From legal battles and regulatory decisions to calls for fair treatment, let’s take a closer look at what happened in the crypto today. Sealing of Documents: SBF’s Legal Battle Continues Sam Bankman-Fried, the former CEO of FTX,…
Bitcoin range formation after $31K rally Not so long ago, BTC’s consolidation which lasted for several months caused some uncertainty on the clear direction of price. According to previous analyses on 3rd June and 18th June, we speculated that BTC was merely preparing for a big move. There were a lot of analysts who shared…
The world of cryptocurrency continues to captivate investors and enthusiasts as Bitcoin miners reach new milestones. In a groundbreaking development, Bitcoin miners have sent a staggering $128 million in revenue to cryptocurrency exchanges. This record-breaking achievement highlights the immense growth and profitability of Bitcoin mining, as well as the increasing integration of cryptocurrencies into the…
Bitcoin’s price has been on a tear in recent days, surging to over $30,000 for the first time since January 2022. The rally has been driven by a number of factors, including growing institutional adoption, increasing investor demand, and positive regulatory developments. One of the biggest drivers of Bitcoin’s recent rally has been the growing…
BlackRock, the world’s largest asset manager, filed for a spot in Bitcoin ETF on June 10, 2023. If approved, this would be a major milestone for the crypto industry, as it would open up Bitcoin to a wider pool of investors. Spot ETFs are physically backed by the underlying asset, in this case, Bitcoin. This…
The past 10 days have been a wild ride for Bitcoin and the crypto market. There have been some positive developments, such as the filing of a spot Bitcoin ETF by BlackRock and the SEC’s temporary deal with Binance.US. However, there have also been some negative developments, such as the Fed’s interest rate hike and…