Bitcoin’s recent surge past the $62,000 mark has sparked optimism among investors, with many attributing the rally to Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium. In his address, Powell’s remarks suggested a more accommodative monetary policy stance, which appears to have been the catalyst Bitcoin needed ... Read more
TRON DAO is in the limelight after withdrawing approximately 12,000 BTC from the reserves backing its decentralized stablecoin, USDD. These funds, valued at several hundred million dollars, were transferred to HTX, formerly known as Huobi Global. This significant movement in assets comes as the Tron ecosystem continues to strengthen its ... Read more
In a week filled with economic uncertainty, digital asset investment products saw modest inflows totaling $30 million, as detailed in Coinshare’s Weekly Report. This influx reflects how markets are treading cautiously due to recent macroeconomic data that says the Federal Reserve may not add a 50 basis point interest rate ... Read more
Bitcoin continues to hover in a critical range that has been satisfactory enough but not enough to provide the impetus for the Bitcoin to spike. While the cryptocurrency stays stagnant over fully forming, the market analysts and investors observe the situation, most of them expressing worried over the extended steady ... Read more
Bitcoin (BTC) has recently shown signs of bearish behavior and faced notable volatility. Despite these short-term problems, analysts are still very optimistic about Bitcoin’s prospects in the future, forecasting a possible bullish breakout of this cryptocurrency. In the last seven days, BTC dropped by 2.49%, while for the last 30 ... Read more
Two senior officials at the IMF have outlined a groundbreaking plan to fix the environmental impact of cryptocurrency mining and data centers. In an August 15 blog post, Shafik Hebous, deputy division chief of the IMF’s Fiscal Affairs Department, together with Nate Vernon-Lin, an economist in the Climate Policy Division, ... Read more
Bitcoin (BTC) again proved its resilience amidst market fluctuations. Following a drop to $49,200, a recent low that sent ripples of concern through the crypto community, BTC has made an impressive comeback. This rebound has successfully reignited interest from investors and has set BTC moving up again. However, it would ... Read more
Australia’s Bitcoin ETF, IBTC broke a new record achieving its highest single-day volume day on the 5th of August. A staggering 136.88k units worth AUD 1.16 million were exchanged, marking a significant milestone for the fund. Proponents of Bitcoin have hailed this achievement calling it a testament to the growing ... Read more
Bitcoin witnessed a steep fall, and its effects were felt across the whole cryptocurrency market. In the last 24 hours, BTC slipped more than 16% to break below the key $50,000-level area. This tugging downward pulled traders into a difficult position, with unrealized profit margins of traders falling to the ... Read more
Bitcoin currently faces a highly turbulent period as its value declines sharply. The flagship cryptocurrency struggles to hold above the important level of $60,000, considered critical in preventing further downward momentum. At the moment, BTC holds this level but is under heavy pressure. In the last week, BTC was down ... Read more
