Bitcoin price recently reached an all-time high of $73,880, sparking bullish sentiment among investors.
The impact of inflation must be considered when assessing...
The U. S. Securities and Exchange Commission officially approved the first US-listed exchange-traded funds to track Bitcoin.
The US SEC has approved eleven applications...
Market capitalization is the product of price and supply, representing the current total market value of an asset
The prevalent misconception revolves around...
After the 2012 halving, Bitcoin saw a substantial price increase, eventually reaching over $1,000. Similarly, following the 2016 halving, Bitcoin crossed the symbolic $20,000 mark in 2017. The most recent halving in 2020 preceded Bitcoin's historic run to nearly $70,000 in 2021. While these instances have fueled speculation about a direct correlation between halvings and bull runs, it is essential to cautiously approach such claims, as past performance does not guarantee future results in the dynamic cryptocurrency market.
The recent Bitcoin price developments bear minimal weight and fail to mirror any substantial modifications in Bitcoin's inherent value.
The current cryptocurrency market...
Bitcoin dominance, a metric that measures the percentage of Bitcoin's market capitalization to the total cryptocurrency market cap, has surpassed the 50% mark.
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Many factors affect the value and price of cryptocurrencies, but supply and demand have proven the most significant. Supply and demand have prominent factors that determine the value and price of cryptocurrencies. For instance, if users are not interested in buying a particular coin, the demand for that coin falls, leading to a bearish price trend.
Treatment centres worldwide are now considering cryptocurrency trading as a fast-growing addiction, with some asking for as high as US$90,000 to treat the...
According to Matrixport, 85% of Bitcoin buys have been by USA-based institutions
85% of Bitcoin buys responsible for the Bitcoin surge have occurred...
Of course, one of the exciting (if not frustrating) things about crypto remains its unpredictable nature. The foregoing provides a general overview of the crypto industry in 2023 (based on current trends). Nevertheless, it is almost certain that 2023 will also throw up more than a few surprises.
