Bitcoin transaction fees have recently experienced a significant surge, doubling in just one week as the market rallies towards the $70,000 mark. While this surge can be partly attributed to the upward trajectory of Bitcoin’s price, the sudden rise in Ordinals transactions has played a crucial role in driving up transaction fees. A closer look
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The recent bold proclamation by cryptocurrency trader KALEO and other analysts has sparked an interesting discussion about Dogecoin’s potential to reach $1 in the current market cycle. The crucial market data from IntoTheBlock reveals a strong price correlation of 0.95 between Dogecoin and Bitcoin, highlighting the significant influence of broader cryptocurrency trends on Dogecoin’s market
Bitcoin has once again made headlines with its price surging past the $70,000 mark, reaching a peak of $70,171. This milestone has sparked a renewed wave of enthusiasm among investors, signaling a positive sentiment in the cryptocurrency market. The steady climb of Bitcoin throughout the week, with a sustained 12% rally, has captured the attention
Bitcoin has recently achieved a new all-time high, surpassing $70,000. Noteworthy crypto analyst Michaël van de Poppe sees this as just the beginning, suggesting that there is still room for significant upward movement. He believes that Bitcoin remains “heavily undervalued” and has the potential for even higher value. Van de Poppe emphasizes the role of
A recent report has shed light on the total Bitcoin assets held by the companies of tech magnate Elon Musk – Tesla and SpaceX – as well as the profits they have garnered from their investments. The report, published by Arkham Intelligence, an AI-based blockchain analytics platform, delves into the Bitcoin holdings and transactions of
In a whirlwind of excitement and anticipation, Bitcoin skyrocketed to a two-year high, bringing it within touching distance of its all-time record value. Surpassing $68,000, with a peak price of $68,800, the leading cryptocurrency has been on a remarkable journey. As of the latest data from Coingecko, Bitcoin is currently trading at $67,980, marking a
Bitcoin has experienced a remarkable surge in value in recent months, with February alone witnessing an increase of over $18,000. This upward momentum has spilled over into March, propelling the Bitcoin price to surpass the $65,000 mark for the first time since 2021. As BTC continues to trade in the green, there is a prevailing
The recent reports of a sharp decrease in the availability of Bitcoin (BTC) on Over-the-Counter (OTC) desks have significant implications for the market dynamics. According to Caitlin Long, the CEO and founder of Custodia Bank, there was a noticeable scarcity of BTC available for sale on the big OTC desks. This scarcity points towards a
Hunter Horsley, the Chief Executive Officer (CEO) of Bitwise, a crypto index fund manager, has recently made bold predictions about the future of Bitcoin. In a Twitter post, he confidently forecasted that Bitcoin’s price could surge to $250,000, surpassing its current value of $62,000. Horsley also suggested that Bitcoin could potentially surpass gold as a
Bitcoin (BTC) has surged by 5% in the last day, edging closer to the highly anticipated $60,000 mark. The surge in price can be attributed to the growing investor interest in the world’s largest cryptocurrency, reaching levels not seen since the 2021 boom. This increase in demand was accompanied by spot bitcoin exchange-traded funds (ETFs)