Bitcoin price jumps over $33,000 for the first time in 2023: What it means for investors
In the fast-paced world of cryptocurrencies, Bitcoin continues to be the center of attention. The year 2023 has seen Bitcoin breaking new ground by surpassing the $33,000 mark for the first time, making investors around the globe sit up and take notice. In this blog, we will delve into this remarkable development and explore what […]
Bitcoin Is Currently Neither ‘Bullish’ nor ‘Bearish’
In the world of cryptocurrencies, Bitcoin often takes center stage. Its price movements can send shockwaves throughout the entire crypto market, influencing the trading strategies of both seasoned investors and newcomers. Traders typically categorize Bitcoin’s price trends into two primary groups: ‘bullish’ or ‘bearish.’ However, in the ever-evolving world of cryptocurrencies, Bitcoin’s current status is […]
Bitcoin’s Silent Resurgence: A ‘Quiet Bull Market’
Bitcoin, the world’s largest cryptocurrency, has been showing signs of a “quiet bull market” in recent weeks, according to some analysts. This means that the price of Bitcoin has been steadily rising, but without the wild swings in volatility that are often associated with bull markets. The Bitcoin Rollercoaster Bitcoin, the first cryptocurrency ever created, […]
Bitcoin Price Stagnant at $26k, Is the Market Looking for Direction?
The price of Bitcoin has been stagnant at around $26,000 for the past few weeks, suggesting that the market is looking for direction. This is a significant change from the previous few months when Bitcoin was on a bull run and prices rose rampantly. What is the current market sentiment? The current market situation has […]
Bitcoin Price Drops Below $24,000: What’s Driving the Decline?
The price of Bitcoin (BTC) has fallen sharply in the last 24 hours, dropping below $24,000 for the first time since December 2020. This massive decline has been driven by several factors, including: It is important to note that the crypto market is volatile, and prices fluctuate rapidly. The recent decline in Bitcoin price does […]
Macro Headwinds Remain a Concern for Crypto
The cryptocurrency market has been under pressure recently, with Bitcoin and Ethereum down significantly from their all-time highs. Several macro headwinds are weighing on the market, including rising interest rates, inflation, and the ongoing war in Ukraine. Let us learn the impact of each of them in this blog. Factors Behind the Bearish Trend in […]
SEC Officially Accepts BlackRock’s Bitcoin ETF Application for Review
In today’s news, the SEC officially accepts BlackRock’s application for a spot in Bitcoin ETF for review. The move is a major step forward for the potential launch of the country’s first spot Bitcoin ETF. Additionally, SEC is open to public comments when they open the 21-day window. What does this mean for Bitcoin? The […]
Bitcoin Nears 13-Month High as Investors Welcome Ripple Ruling.
The world’s leading cryptocurrency is making a remarkable comeback as it approaches a 13-month high. The recent surge in Bitcoin’s price can be attributed to several factors, including a positive legal ruling for Ripple and a growing interest from investors in the cryptocurrency market. This blog post examines the recent developments, their impact on Bitcoin’s […]
Standard Chartered Bullish on BTC: Expected to be $120K by 2024 End!
Bitcoin, the market dominator, as we like to address it, is expected to reach $50,000 by the end of 2023 and $120,000 by the end of 2024, as per Standard Chartered’s latest revised prediction. Standard Chartered has been bullish on Bitcoin recently, and in July 2023, they revised their price prediction for the cryptocurrency. Why […]
BRC-20 Tokens and Should You Invest?
Bitcoin users are scrambling to find alternative payment methods, including Lightning, in the wake of the ‘BRC-20’ explosion.