Bitcoin surged to a 10-month high on Thursday, topping $30,000 after the recent banking turmoil that has rocked the traditional financial system. The cryptocurrency had been steadily increasing in value since March, fueled by expectations that the US central bank, the Fed, would halt its interest rate increases to minimize stress on the banking sector. … Read more
Bitcoin (BTC) has surged above $30,000 for the first time since June 2022; the flagship digital asset will now seek support above $30,000 and push on to test higher highs. Given the surge of over 80% year-to-date and considering that the adoption of Bitcoin has skyrocketed recently, nearing 1 million holders of at least one … Read more
XRP has been struggling to gain traction in the competitive cryptocurrency market. After a 14% crash from its 2023 high of $0.58, XRP rebounded slightly when TV personality Jim Cramer expressed doubts about the SEC’s lawsuit against Ripple. Crypto analyst Ali Martinez has predicted that XRP could surge by 47% if it can close above … Read more
Bitcoin has been on an impressive rally in the first quarter of 2021, reaching a key trading point of $28,000. However, this advance has stalled, according to analysts. Over the last three weeks of trading, Bitcoin has been trading within 15 percent of a key trendline, its average price over the past 30 days. This … Read more
The Ethereum network is set to undergo a technical revamp called the “Shanghai” upgrade on April 12th. This upgrade will allow users to withdraw tens of billions of dollars worth of Ether, the network’s native token, which was previously locked in the protocol for staking. The shift from a proof-of-work to a proof-of-stake process in … Read more
Bob Lee, the creator of Cash App and Chief Product Officer of cryptocurrency company MobileCoin, was fatally stabbed in San Francisco at the age of 43. Police received a report of the stabbing at around 2:35 a.m. on Tuesday and found a man with apparent stab wounds. While police did not confirm the victim’s identity, … Read more
Cryptocurrencies are making a striking recovery in the midst of the US banking system’s recent turmoil. With four banks collapsing this year, investors are concerned, but cryptocurrencies are proving to be a secure and viable investment. Bitcoin is up 62.7% year to date, and the S&P Cryptocurrency Broad Digital Market Index is up 50.6%. This … Read more
PostFinance, a Swiss government-owned financial services firm, has partnered with digital asset bank Sygnum to launch a suite of crypto services for its customers. The move comes as a result of PostFinance analyzing its customers’ investment needs and discovering strong demand for digital investment services. The company’s 2.5 million customers can now buy, sell and … Read more
MicroStrategy is continuing to scoop up bitcoin, spending $29.3 million at an average price of $28,016 per bitcoin since March 24. The company or its subsidiaries now owns over 140,000 bitcoins (BTC) as of April 4, according to an SEC filing. This isn’t a novel purchase. MicroStrategy bought 6,455 BTC over the last few weeks, … Read more
Bitcoin’s surge has pushed the crypto market cap to an all-time high of $1.19 trillion. This is the highest it has been since June, as bitcoin’s rally of 70% has helped increase the overall market value. Despite the industry facing a regulatory crackdown, the increase in crypto wealth is still notable. The market cap for … Read more