The cryptocurrency market staged a mild recovery last week. Despite Bitcoin (BTC) facing initial setbacks at the start of the week, it eventually recovered some lost ground, granting strength to the rest of the market. Some altcoins recorded impressive and more robust recoveries. This resulted in the global cryptocurrency market recouping $70 billion, eventually ending the...
Bitcoin is under pressure again on concerns about possible sales of the token by creditors of the failed Mt. Gox exchange, which has begun returning a roughly $8 billion hoard of the largest digital asset. The original cryptocurrency slid about 5% to trade at $54,400 as of 9:25 a.m. Monday in Singapore, some $19,000 below March’s...
Crypto market analyst Ali Martinez expects a price rebound for the Bitcoin (BTC) price in July after a month of bearish momentum. According to Martinez’s X post on Sunday, the Bitcoin price recorded an average price rebound of 7.98% in July after a “negative June.” Data shows that the BTC price plunged by 9.25% over the...
The global Bitcoin ATM market has seen significant growth. There are now over 38,000 Bitcoin ATMs worldwide, up from just over 10,000 in October 2020 and down by 2,000 from its all-time high (ATH) of nearly 40,000 in December 2022. According to data available on Coin ATM Radar, the global tally of installed Bitcoin ATMs stands at 38,279 as of...
Bitcoin’s (BTC) one-month bearish momentum seems to have ended as the miner selling pressure declines. BTC is up by 2.2% in the past 24 hours and is trading on the verge of the $63,000 mark at the time of writing. The asset’s market cap is sitting at $1.24 trillion. Bitcoin’s daily trading volume increased by 57%, reaching $21...
Russia’s sanctioned business association considers a national Bitcoin fund to enhance the use of digital financial assets in foreign trade. The Russian Union of Industrialists and Entrepreneurs (RSPP), a sanctioned Russian union representing the country’s wealthiest business figures, is considering launching a national crypto fund to use crypto in foreign trades as Russian business explores options...
It took almost nine years for Bitcoin to hit $10,000 for the first time, and a little over 12 years to crack $50,000. McKinsey argues patience will be needed with tokenization, too. There’s been no shortage of excitement about how the tokenization of real-world assets can change the world as we know it. One report by 21.co, published last October, enthusiastically...
The club, co-owned by Peter McCormack and backed by the Winklevoss twins, will receive payments in Bitcoin as part of the deal. Gemini, the well-known cryptocurrency exchange, just announced a five-year sponsorship deal with Real Bedford, a football club in Bedford, England. The entire sponsorship payment will be made in Bitcoin (BTC) and invested into Real...
Bitcoin’s historical data suggests July is a positive month for BTC holders. This bodes well after the asset lost nearly 10% of its value last month. Bitcoin (BTC) reclaimed the $62,200 level and approached $63,000 on Monday after a 2% bounce for the largest cryptocurrency on the market. CoinGlass data also showed that BTC’s move propelled it...
Heading into the first half of 2024, crypto investors are wondering about the future of Bitcoin, which continues to lose value after hitting an all-time high in March. According to Bloomberg, Bitcoin (BTC) has lost about 13% in value since March, after sharp surges of 67% and 57% in previous quarters. Amid the decline in the price...
