Last month, Bitcoin broke through the $50,000 barrier for the second time. Experts explain why Bitcoin’s value has skyrocketed. Bitcoin, the oldest and most popular cryptocurrency, has breached the infamous $50,000 mark for the first time. The spike in Bitcoin price has once again boosted market emotions, with brokerages and market watchers anticipating another large …
Following a market-wide rally, Bitcoin returned above $50,000 this week for the first time since early September. On Wednesday, the cryptocurrency surpassed $55,000. The most recent price rises are coming after bitcoin temporarily dipped below $30,000 at the end of July. Bitcoin is now only $10,000 away from reaching an all-time high in mid-April. Other …
The Brazilian Congress will debate a bill governing cryptocurrency companies and boosting penalties for crypto pyramid schemes and other unlawful activity. The bill tabled on September 29 was already authorized by a special commission of the Brazilian House of Representatives. If approved by the plenary, the legislation, introduced by deputy Aureo Ribeiro, would require “virtual …
As it continues to rise, the pioneer cryptocurrency appears unstoppable. Even though Bitcoin confronts significant opposition ahead, an explosion to $52,000 seems to be likely. Bitcoin has pushed through $50,000 for the first time in almost a month, and it shows no signs of slowing down. The top cryptocurrency is bucking the present negative trend …
Bitcoin Appears Unstoppable: The Crypto Breaks $50,000 Read More »
Over the weekend, the price of bitcoin increased and remained around $48,000. (roughly Rs. 35 lakhs). On Monday, October 4, Bitcoin began the day with a 1.96 percent drop. Despite the modest drop, the world’s most valuable cryptocurrency is currently trading at Rs. 36,53,453 (about 49,285), indicating an increase in its exchange value since October …
The United States House of Representatives is preparing to vote on a $1 trillion bipartisan infrastructure plan. If passed, the plan will force digital asset brokers to declare their transactions to the Internal Revenue Service. The law aims to earn 28 billion from the crypto industry. With the funds, they intend to pay for roads, …
The crypto industry – $1 trillion infrastructure bill Read More »
The cryptocurrency sector is in disarray due to China’s total ban on cryptocurrencies. It was announced last week. On Wednesday, September 29, bitcoin opened at Rs. 33,52,013 (about $45,185). The world’s most valuable cryptocurrency had a 0.78 percent loss in exchange value for the second day in a row. Bitcoin had fallen by 2.96 percent …
Bitcoin prices fell by more than 4% today, to $42,421. The world’s largest cryptocurrency by market capitalization is up 45 percent this year but is still well below its April high of about $65,000. Ether, the second-largest cryptocurrency and the coin linked to the ethereum blockchain, also fell, falling nearly 7% to $2,956.8. Cardano prices …
Bitcoin, ether, dogecoin, other crypto prices fall Read More »
Cryptocurrency exchanges and providers of crypto services are hurrying to cut links with mainland Chinese clients. This comes after Beijing put a blanket ban on all crypto trading and mining last Friday. Ten major Chinese government entities, including the central bank, are announcing bans on international exchanges from providing services to mainland investors, capping years …
Asian stocks were mixed on Friday, as investors continued to watch developments around China Evergrande Group. The Nikkei 225 in Japan gained 2.06% to hit 30,248.81, with shares of Fast Retailing surging 1.5% and Softbank Group surging 2.76%. Meanwhile, the Topix index advanced 2.31% to close at 2,090.75. Data published earlier in the day announced …
Asian stocks were mixed amid concerns of Evergrande Group Read More »
The UAE Securities and Commodities Authority (SCA) agreed with the Dubai World Trade Centre Authority (DWTCA). According to the terms of the agreement, the regulator will facilitate crypto asset trading within the DWTCA’s free zone. The DWTCA can now grant approvals and permits for crypto-related activities, according to Maryam Al Suwaidi, the interim chief executive …
Unless Bitcoin (BTC) falls below $40,000, Galaxy Digital CEO Mike Novogratz will be “nervous.” On September 21, the infamously bullish investor soothed anxieties about the latest cryptocurrency sell-off in an interview with CNBC. Despite the macroenvironmental uncertainty surrounding China and Bitcoin losing up to 10% this week, there are few negative voices among well-known crypto …
Dogecoin has settled below the support level of $0.2255 and is attempting to drop below the next support level of $0.2190. Meanwhile, Bitcoin is approaching the critical support level of $44,000. At the start of the week, the world’s largest cryptocurrency was under heavy pressure, which was bearish for altcoins. Ethereum is approaching the 50-day …
Bitcoin was trading at 46,154.06 on Monday, down 3.72 percent. The virtual currency’s global market capitalization was $868.66 billion. In a new round of cryptocurrency good news, the Blockchain-based music streaming company Audius raised $5 million in a strategic game of fundraising from some of the music industry’s biggest names. Katy Perry, Nas, The Chainsmokers, …
With the recent bull run that saw the price of bitcoin above $50,000 once more, cryptocurrency forecasts are on the increase. Now, market expert Mike McGlone lays out the road for Bitcoin and Ethereum to reach new highs. It would see them both rise by at least 100% from their present levels. It is the …
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