Last week, the S&P 500 Index (SPX) dropped 3.05%, while expectations for US Federal Reserve rate reductions lessened due to rising inflation figures. On the other hand, Bitcoin (BTC) experienced a smaller decrease of only 1.1%. This suggests that Bitcoin held up well during this period. Charles Edwards, founder of Capriole Investments, mentioned in a … Read more
Exec highlighted that Bitcoin halving slowed down the network. Schiff sees a somber future for the king coin. In April, the long-awaited Bitcoin [BTC] halving came to an end, sparking great interest and anticipation. Various analysts and industry professionals voiced their positive outlook on the future of this digital currency. Yet, it’s important to note … Read more
On April 21, Bitcoin (BTC) achieved its highest closing price in more than ten days, surpassing the $65,000 mark once again. The BTC price had dipped to a low of $64,346 on that day but subsequently increased by 3.5%, peaking at $66,527 during intraday trading on April 22. The cryptocurrency market data from CryptoMoon Markets … Read more
MKR’s price decoupled from ETH as MakerDAO sold some tokens. On-chain and technical analysis suggested a bounce to $3,545 when the selling pressure halts. Over the last two weeks, a specific multisign wallet associated with MakerDAO has transferred approximately $14.4 million in MKR tokens to various cryptocurrency exchanges. Based on Spot On Chain’s report, some … Read more
At the opening of Wall Street on April 22, Bitcoin (BTC) failed to continue its recovery following the halving event due to a large number of programmed trading algorithms selling off the cryptocurrency. Bids and asks squeeze BTC price The prices of Bitcoin, as indicated by data from CryptoMoon Markets Pro and TradingView, began to … Read more
Bitcoin transaction fees hit an all-time of $80 million. Stacks exec believes fees will go even higher as BTC L2 expands. After the fourth decrease in new Bitcoins rewarded for mining, Bitcoin miners have seen higher profits. On April 20th, Bitcoin transaction fees reached an unprecedented high of over $80 million, surpassing their previous peak … Read more