Cryptocurrency

On Tuesday, March 19, cryptocurrencies like Bitcoin and others were given a reality check. The market saw a correction last week after reaching a record high, with the price of Bitcoin falling by almost 6% in a single day. There are several variables that have combined to cause this decline. …

Standard Chartered raised anticipation regarding Bitcoin’s price during the remaining months in 2024, the bank sees the new estimate on the back of exchange-traded funds, broadly known as ETFs, driven positive market conditions. The bank previously predicted that Bitcoin could hit $100,000 by year-end. The current estimate is even higher …

Last week, the market’s attention was squarely fixed on a slew of US economic indicators, aimed at deciphering clues regarding future interest rate trajectories and the Federal Reserve’s timeline for ending its monetary tightening stance and initiating quantitative easing. However, the latest US data, particularly the Consumer Price Index, US …

Bitcoin’s price has been surging recently, and with the upcoming “halving” event in April, there’s a lot of expectations about what it might mean for the future price of the most famous crypto asset. But what exactly is this halving, and how will it influence Bitcoin’s value? Scarcity Principle: Fewer …

Demand Surges as Regulatory Approvals Pave the Way Bitcoin, the leading cryptocurrency, achieved an unprecedented milestone on Monday, surpassing the $71,000 mark amidst a continued surge in demand for digital assets. Regulatory developments, including the recent announcement from Britain’s Financial Conduct Authority (FCA), have further propelled the cryptocurrency market forward. …

Last week witnessed several important events and movements in terms of their impact on overall trading transactions. The week closed with a sharp decline in the US dollar in addition to weak performance of risk-linked assets amid mixed risk appetite due to the growing importance of the statements and data …

Early on Thursday, traders saw a surge in the price of bitcoin as bulls began to reduce their stakes in the biggest cryptocurrency in the world. It peaked earlier on Tuesday at $69,202, then later on Wednesday, it dropped to about $60,000.The digital currency has experienced a spectacular rise, rising …

As of this writing, Bitcoin is down 7.17% from its previous daily closing price of $68359, primarily due to profit-taking and risk aversion. However, as Bitcoin and Ethereum take centre stage in the market, altcoin season is picking up steam. The market is gaining further excitement and confidence right now, …

The market capitalization of Bitcoin, the leading cryptocurrency by market value, surged to a historic high of $1.35 trillion before experiencing a slight downturn. Bitcoin climbed to $67.5 thousand, edging close to its previous record of about $69 thousand set in November 2021. Presently, Bitcoin is trading at $66.5 thousand, …

Mohammed Hashad, Head of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented on the key developments across financial markets and the performance of the most important assets, in an interview on Dubai TV. Asked about cryptocurrencies, in light of Bitcoin’s recent surge …