The price of bitcoin has skyrocketed, surpassing the $70,000 mark, which has sparked excitement among investors. The cryptocurrency experienced a steady increase throughout the week, with a 12% rally, driven by the introduction of spot bitcoin exchange-traded funds (ETFs) in the United States. Currently, Bitcoin is trading at $69,436, with a 2% gain in the
The year 2022 witnessed the downfall of several cryptocurrency lenders, with the Celsius crash standing out as one of the most devastating incidents for investors. The subsequent period saw a prolonged bear market characterized by low prices and minimal activity in the industry. However, fast forward two years, and the landscape has completely transformed. The
The recent introduction of spot Bitcoin ETFs has sparked a surge in investor interest, resulting in a significant uptick in trading activity. This development has instilled a sense of optimism not just within the Bitcoin community, but across the broader cryptocurrency market as well. While the launch of spot Bitcoin ETFs has been met with
The recent weekend has brought about a wave of excitement in the cryptocurrency community, particularly for Ethereum (ETH). The world’s second-largest cryptocurrency has experienced a price surge of 4.31% in the last day, bringing it closer to a critical resistance point of $4,000. This increase in price can be attributed to a significant rise in
Bitcoin recently made headlines by breaking above the $70,000 mark for the first time in history. However, this feat was short-lived as the cryptocurrency faced a sharp rejection shortly after reaching this milestone. The price of Bitcoin had been relatively stagnant for several days before this sudden surge. While Bitcoin stole the spotlight, several altcoins,
Crypto analyst Michaël van de Poppe recently shared his belief that Bitcoin, despite hitting a new all-time high of over $70,000, still has significant room for growth. He emphasized that Bitcoin is “heavily undervalued” and that its value is “way higher” than its current price. Van de Poppe pointed out that Bitcoin’s ability to hedge
As the hype around meme coins continues to rise, investors in dogwifhat (WIF) are now turning their attention to a new viral ICO called Sponge (SPONGE). With the potential for massive returns on investment (ROI) of up to 1000%, Sponge has caught the eye of many traders looking for the next big opportunity in the
Traders in the cryptocurrency market are closely watching the price movements of the Solana-based meme token, SMOG. With a recent 70% price increase, there is growing speculation that SMOG could potentially follow in the footsteps of other successful meme tokens like DogWifHat. The analysis of SMOG’s price trends indicates that there are still buying opportunities
Pantera Capital, a prominent crypto-focused asset manager, is making moves to secure funds from major investors in order to purchase heavily discounted Solana (SOL) tokens from the FTX bankruptcy estate. The company is in the process of raising capital for the Pantera Solana Fund, with the goal of acquiring up to $250 million worth of
In a recent interview with CNBC, financial analyst Tom Lee discussed the growing popularity of cryptocurrency among Millennials and Gen Z. He highlighted the generational shift in investment preferences, pointing out that younger individuals are more open to adopting Bitcoin and other digital assets compared to older generations. According to Lee, there is a significant