Everything you need for the flagship crypto: from price movements and halving cycles to institutional adoption, on‑chain metrics and market strategy around Bitcoin. Follow how Bitcoin’s narrative evolves, why it matters to global finance, and what shifts could impact its future role as digital gold.
BTC has once again tanked over 50% in high-volatile trading since its all-time high last month wiping off all the 2021 gains. However, the crypto has recovered back from its Wednesday low of $30,000.
In a report entitled “investment rationale for cryptocurrencies”, Wells Fargo mentioned that their decision was based on the stability and viability of crypto as an asset.
The series of events has pushed the global crypto market cap from the highest point of about $2.4 trillion in the past week to a low of $1.73 trillion.
The unique nature of crypto loans means that they carry a number of advantages over traditional forms of lending for both the lender and the borrower.
Markets are witnessing a selloff in Bitcoin and price appreciation in Digital Yuan due to funds shifting towards more stable cryptocurrencies backed by large nations.
Ark Invest’s Cathie Wood said that most of the Bitcoin transactions shall be controlled by renewable energy in the future. Besides, she is more bullish on the arrival of Bitcoin ETF post the price crash.
The purchase of BTC at a time that the crypto market is shedding huge losses shows that Justin Sun is bullish on the top coin.
Out of the over $3.8 billion worth of cryptocurrencies liquidated, $2.1 billion came from Bitcoin trades, $1.01 billion from Ethereum trades with $115.4 million coming from XRP trades.
A BlockFi spokesperson noted that fewer than 100 clients have erroneously been credited Bitcoin, and efforts to retrieve and prevent such errors in the future are ongoing.
The regulatory bodies came together to reiterate the crypto ban amid the high volatility of crypto resulting in losses among citizens.
The cryptocurrency market has been volatile in the past few months, fueled by both institutional adoption and retail speculation.
Of the total number of participants, 43% agreed that long Bitcoin is currently the most crowded trade. Further, 75% of participants believe that Bitcoin is a bubble. Just less than 15% of fund managers say that BTC will outperform the market in 2021.
Some countries have pretty tight regulations, for example, when you buy Bitcoin in Singapore it can take up to 7 days due to their restrictions around cryptocurrency exchanges.
All proceeds from the initiative will be donated to the Human Rights Foundation Bitcoin Fund.
Immediately after Reuters released the news about China banning crypto activity, many started criticizing the news agency for misleading its readers.