Bitcoin surges above $72,000 as demand frenzy pushes it to a new record high
Amid other factors, Bitcoin’s rally also come ahead of the “halving” event, scheduled for April.
Amid other factors, Bitcoin’s rally also come ahead of the “halving” event, scheduled for April.
Bitcoin’s record rally was fueled by a robust influx of funds into U.S. spot exchange-traded funds (ETFs) for cryptocurrencies and the anticipation of interest rate cuts by the U.S. Federal Reserve this year.
The ripple effect of Bitcoin’s surge has been felt across the crypto industry with other major crypto stocks and mining companies witnessing notable gains.
Prominent players in the financial industry, including BlackRock and Fidelity, are among the firms approved by the SEC to launch Bitcoin ETFs
The cryptocurrency market cap reaches $1.67 trillion, driven by expectations of the U.S. SEC greenlighting several spot Bitcoin ETFs
Bitcoin prices fell to $42,500, a drop of over $3,000 inside a few hours. Fears of an expected Bitcoin ETF approval from the SEC being delayed continue to put pressure on valuation of Bitcoin and other cryptocurrencies
Adding to Bitcoin’s momentum is the expectation that major central banks will reduce interest rates this year, alleviating the gloom cast over the crypto markets due to the collapse of FTX and other crypto businesses in 2022.
Christmas brought more than just festivities for Bitcoin as it reached an unprecedented 544 exaHashes per second, signifying a year of substantial growth
Multiple factors, including overdue corrections and technical gaps, are identified as contributors to the recent crypto market shakeup, shedding light on the market’s underlying dynamics
As we step into 2024, the crypto market anticipates key events such as the potential approval of a spot Bitcoin ETF and the Bitcoin halving. These developments could reshape the crypto landscape and bring digital currencies further into the global financial fold
Amid other factors, Bitcoin’s rally also come ahead of the “halving” event, scheduled for April.
Bitcoin’s record rally was fueled by a robust influx of funds into U.S. spot exchange-traded funds (ETFs) for cryptocurrencies and the anticipation of interest rate cuts by the U.S. Federal Reserve this year.
The ripple effect of Bitcoin’s surge has been felt across the crypto industry with other major crypto stocks and mining companies witnessing notable gains.
Prominent players in the financial industry, including BlackRock and Fidelity, are among the firms approved by the SEC to launch Bitcoin ETFs
The cryptocurrency market cap reaches $1.67 trillion, driven by expectations of the U.S. SEC greenlighting several spot Bitcoin ETFs
Bitcoin prices fell to $42,500, a drop of over $3,000 inside a few hours. Fears of an expected Bitcoin ETF approval from the SEC being delayed continue to put pressure on valuation of Bitcoin and other cryptocurrencies
Adding to Bitcoin’s momentum is the expectation that major central banks will reduce interest rates this year, alleviating the gloom cast over the crypto markets due to the collapse of FTX and other crypto businesses in 2022.
Christmas brought more than just festivities for Bitcoin as it reached an unprecedented 544 exaHashes per second, signifying a year of substantial growth
Multiple factors, including overdue corrections and technical gaps, are identified as contributors to the recent crypto market shakeup, shedding light on the market’s underlying dynamics
As we step into 2024, the crypto market anticipates key events such as the potential approval of a spot Bitcoin ETF and the Bitcoin halving. These developments could reshape the crypto landscape and bring digital currencies further into the global financial fold
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@2022 Unboxed Magazine. All rights reserved. Use of this site constitutes acceptance of our user agreement and privacy policy and cookie statement and your California privacy rights.