Bitcoin hit a new all-time high on Wednesday, surpassing the $73,000 mark as investors mostly shrugged off slightly hotter-than-expected U.S. inflation, betting it won’t derail interest rate cuts expected by the middle of the year. In the last 24 hours, Bitcoin jumped to an intraday peak of $73,127. It was last 0.9% higher at $72,920 … Read more
Home Business Bitcoin Touches $72,000 Mark; What’s Driving Surge In Cryptocurrency Market? The cryptocurrency has recently crossed its own milestone of $70,000 the main reason, as highlighted by the experts behind the Bitcoin rally, is the upcoming halving event in April. Bitcoin (PC-Pixabay) On March 11, Bitcoin again broke all the records to touch $71,577 … Read more
Home Business Bitcoin Rises To $66,000, Market Cap Crosses $2.5 trillion; What Led Rally In Cryptocurrency? Last week, Bitcoin passed the $60,000 mark on Wednesday, nearly approaching it’s all-time high since 2021. The current rise is seen after the approval of a new type of investment indexed to the cryptocurrency. Bitcoin (PC-Pixabay) World’s famous cryptocurrency, … Read more
Bitcoin retook the $57,000 level for the first time since late 2021, supported by investor demand through exchange-traded funds as well as further purchases by MicroStrategy Inc.The digital asset added as much as 4.4% to reach $57,039 before paring some of the jump to trade at $56,473 as of 10:22 a.m. Tuesday in Singapore. Bitcoin’s … Read more
Bitcoin slid to the lowest since mid-December as the speculative demand for the token sparked by hype about new exchange-traded funds dissipates, leaving the cryptocurrency in the red since the start of 2024. The largest digital asset briefly flirted with a drop below $40,000 before trading at $41,160 as of 6:30 a.m. Friday in Singapore, … Read more
The recent approval of 11 spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) has sent ripples of excitement through the global crypto community. This milestone has been heralded as a game-changer, with industry experts anticipating significant shifts in the market dynamics. Edul Patel, CEO & Co-founder of Mudrex, asserts, “The … Read more
Bitcoin has now more doubled in value this year in a surprising resurgence from a tumultuous 2022 that had some skeptics predicting the demise of digital assets. The largest cryptocurrencyby market value rallied for a third day, pushing the price back to around $35,000, the highest level in about 18 months. Bitcoin tumbled 64% last … Read more