On Friday, the price of bitcoin fluctuated within a daily span from $ 41,937 to $ 43,347, with its market value reaching $ 846 billion. The trading activity for the day tallied up to $ 17.35 billion, showcasing a spike in investor involvement and market liquidity, which tends to diminish as …
A recent international survey by Bitget has illuminated the crypto market’s hopeful perspective, drawing insights from close to 10,000 individuals across areas such as West Europe, East Europe, Southeast Asia, East Asia, MENA, and Latin America. More than half of the participants globally anticipate that bitcoin prices will hover between $ 30,000 and $ …
In the last quarter of 2023, Tether Holdings Limited registered a “record-breaking net profit of $ 2.85 billion.” Overall, the stablecoin issuer’s net profit in 2023 topped $ 6.2 billion. Tether’s secured loans ($ 4.8 billion), which are collateralized by highly liquid assets, were “fully covered by the undistributed accumulated profits known …
Veteran trader Peter Brandt has highlighted a bitcoin price pattern that frequently appeared in past major bull runs. “It is the Hump …Slump …Pump… Dump [HSPD] that keeps a bull trend healthy,” he explained, emphasizing: “Study past major bull runs in bitcoin and you will discover they were replete with HSPDs.” Bitcoin Bull Runs and […]
On Thursday, bitcoin experienced a decline, reaching a low of $ 40,600, and has since been hovering slightly above the $ 41,000 mark. The cryptocurrency world is abuzz with speculation about the duration of this downturn, especially as the excitement surrounding the spot bitcoin exchange-traded fund (ETF) begins to wane. Bitcoin The bitcoin …