Bitcoin finally broke above $38,500 once more after trading low for a couple of days. This latest jump in price may come as a surprise to many but the factors behind it suggest that it had already been in the making. So here are three reasons that drove the Bitcoin price above $38,500. MicroStrategy…
Cramer has flipped bullish on Bitcoin ($BTC), stating, ‘If you like Bitcoin, buy Bitcoin.’ Markets were bullish, but Cramer’s change in position could mark a local top, thanks to the infamous Cramer Effect. The host of Mad Money has a habit of making inverse predictions. Cramer says buy a stock it plummets; Cramer says short…
In a recent report by Fortune Magazine, it was revealed that Wormhole, a messaging protocol that allows developers to communicate across different blockchains, has successfully raised an impressive $225 million, valuing the project at $2.5 billion. Notably, the fundraising represents the most significant funding round for a cryptocurrency project in 2023. While this was technically…
On-chain data shows a Bitcoin indicator has been forming a bearish divergence for a while now, a sign that the top may be close for the asset. Bitcoin Short-Term Holder SOPR Has Been Moving Opposite To Price Recently As an analyst in a CryptoQuant Quicktake post, a bearish divergence has been brewing in the Bitcoin…
The crypto exchange has undergone a significant leadership transition in the aftermath of Binance Holdings’ $4.3 billion settlement with the US Department of Justice (DOJ). According to Bloomberg, Richard Teng, the newly appointed CEO following co-founder Changpeng “CZ” Zhao’s departure, has expressed his commitment to maintaining the stability of the core team. Binance’s Core Team…
The UK’s HM Revenue and Customs (HMRC) has introduced a new system for taxpayers to “voluntarily” disclose any unpaid tax on various digital assets. The European country has been implementing a strategy to increase its oversight of the nascent asset class. This initiative, announced on November 29, 2023, encompasses a range of crypto assets, including…
Borrowing rates for USDC, one of the most liquid dollar-pegged stablecoin, remain high on Aave and Compound v2, two of the world’s top decentralized protocols. According to Kaiko, a blockchain analytics platform, rates have ranged from 4% to 15% on Aave and around 13% on Compound. It should be noted that this surge is when the crypto…
Argentina, Guatemala, Mexico, Colombia … or Suriname – which country will be the next to introduce a national Bitcoin strategy? Maybe the latest entry, Suriname! In a move that could position the small South American country at the forefront of the global movement, the South American nation is contemplating the adoption of BTC as a…
The sale of around $873 million in trust assets by the insolvent cryptocurrency exchange FTX can now begin, and the money will go toward paying back creditors who were affected by the business’s bankruptcy in 2022. A filing in a bankruptcy court in Delaware dated November 29 states that the debtors are given permission, but…
There is excitement in the Bitcoin community as they celebrate the 11th anniversary of the first halving. Polygon hasn’t shared the same sentiment as an increase in exchange inflow has caused a price drop. Bitcoin (BTC) Celebrates 11th Anniversary of its First Halving According to Bitcoin news, the Bitcoin community celebrates the anniversary of the…
