Bitcoin Cash (BCH) experienced a notable fluctuation in its value surrounding its most recent block reward halving, initially dropping to $ 565 just before the halving but later recovering to around $ 676, marking an 11% increase for the day and nearly 20% for the week. The halving event, which reduced the reward …
On Wednesday, bitcoin’s trade volume and overall value provided insights into its current technical situation. With a daily trading volume reaching $ 45.30 billion and a total market value of $ 1.29 trillion, the cryptocurrency’s liquidity and market breadth still stands strong. However, recent downturns have left traders wary. Currently, bitcoin has declined …
This week, the value of gold soared to an unprecedented peak, hitting $ 2,233 per troy ounce as of March 29. In contrast, silver has not exhibited the same level of brilliance, with its value standing at $ 24.97 per troy ounce, a significant 91% decline from its all-time high of $ …
The price of bitcoin saw a significant fluctuation after remaining fairly consolidated over the past two days. After bulls managed to see bitcoin’s price rise to $ 71,754, the value dropped to a low of $ 68,557 per unit shortly after reaching the daily high. Liquidations Rise Following Bitcoin Price Drop Over the …
Global investment bank JPMorgan has cautioned that bitcoin is still overbought despite the crypto’s recent price decline. JPMorgan’s analysts expect continued selling pressure on bitcoin as the halving approaches, “particularly against a positioning backdrop that still looks overbought despite the past week’s correction.” JPMorgan: ‘Bitcoin Remains in Overbought Territory’ JPMorgan’s analysts, led by global strategist […]