As of now, the price of bitcoin has decreased by 23.4% from its peak of $ 73,737, reached on March 14, 2024, about four months ago. Metrics indicate that this is the longest period in bitcoin’s history without a 25% decline during a bull market. In contrast, both the 2017 and 2021 bull markets …
On Wednesday, the price of bitcoin demonstrated strong growth, escalating by more than $ 4,200 from its daily low. This 7.1% increase against the U.S. dollar propelled bitcoin past the $ 66,000 threshold, reaching a peak of $ 66,461 per coin on Bitstamp. Consequently, the entire cryptocurrency market rose by 6.2%, resulting …
Similar to Bitcoin’s onchain fees, the cost of transacting on the Ethereum network has recently seen a significant decline. Over the previous 68 days, since March 5, 2024, Ethereum’s network fees have fallen by 93.7%, from $ 30.33 per transfer to $ 1.91 per transaction. Declining Ethereum Fees: A 68-Day Overview Transacting on …
Stakeholders in Nigeria’s cryptocurrency sector argue that the Central Bank of Nigeria’s previous decision to exclude cryptocurrency entities from the banking ecosystem has fueled the growth of peer-to-peer crypto trading. Nigerian authorities are reportedly seeking to ban peer-to-peer crypto trading. One stakeholder has urged participants in the Nigerian crypto space to ‘identify the bad actors […]
Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has significantly increased its bitcoin holdings, which have now surpassed 252,011 BTC, representing an approximate notional value of $ 18 billion. This substantial increase reflects a stronger-than-anticipated influx of retail investor demand, exceeding even the CEO’s initial expectations. Blackrock CEO Larry Fink: ‘I’m …