Bitcoin has been on a wild ride recently, with massive fluctuations in its price. From reaching almost $65,000 to dropping to a low of $56,500, the cryptocurrency has kept traders on their toes. The recent recovery saw Bitcoin climbing back up to over $63,000, demonstrating its resilience in the face of market volatility. Not only
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Bitcoin recently experienced a significant drop of more than 15% from its mid-March peak, falling to a ten-day low of under $62,000. Analysts have noted that despite the completion of the halving, Bitcoin continues to display red candles, indicating a correction in the market. The uncertainty surrounding the current geopolitical and macroeconomic situation has added
Following the recent halving event, Bitcoin experienced a dip in price to $62,500, causing concern among investors. Although there was a brief surge above $67,000, the cryptocurrency has been on a downward trajectory, with the current price hovering around $62,000. This price movement has led to over $100 million in liquidations among over-leveraged traders, highlighting
Following the latest halving event, the percentage of Bitcoin miner revenue generated from transaction fees has seen a significant decrease. According to a recent report from CryptoQuant, transaction fees now only account for 35% of total miner revenue, a stark difference from the 75% recorded just days before the halving took place. The fourth Bitcoin
The Bitcoin network recently achieved a significant milestone with its daily transactions peaking at 927,000, surpassing the previous record set in December 2023. This surge in activity was attributed to the launch of Runes, a new token standard on the Bitcoin blockchain, which has garnered substantial interest and utility in the world of cryptocurrencies. Runes
Bitcoin’s journey in 2022 was fraught with volatility and significant pullbacks, with the cryptocurrency experiencing a series of declines ranging from 21% to 23%. The bear market that gripped the market led to a substantial loss in value for BTC, causing it to plummet to $16,600, a level unseen since November 2020. The collapse of
In a groundbreaking announcement, Jack Dorsey’s fintech company Block Inc. revealed the completion of its highly anticipated advanced Bitcoin mining chip. This development marks a significant milestone for the firm’s mining project and sets the stage for the future of Bitcoin mining technology. Block’s three nanometre (3mn) Bitcoin mining chip represents a leap forward in
Michael Saylor, the founder of MicroStrategy, has been actively selling off shares of his brainchild over the past several months. As part of a stock-sale agreement entered into last year, Saylor has the authorization to unload up to 400,000 shares until April of this year. So far, he has successfully cashed in 370,000 shares, totaling
Bitcoin’s fourth halving recently occurred, reducing the Bitcoin block reward from 6.25 BTC to 3.125 BTC. This event is anticipated every four years and has significant implications for the cryptocurrency industry. The daily issuance of Bitcoin has now been cut in half, standing at around 450 Bitcoin compared to the previous approximately 900. This reduction
Binance, the world’s largest cryptocurrency exchange, was once banned by the Indian government. However, after agreeing to pay a penalty of approximately $2 million, Binance is now set to make a comeback in the Indian market. The agreement includes oversight by the finance ministry’s Financial Intelligence Unit (FIU), where Binance will have to comply with
