Cryptocurrency

Cryptocurrencies: Altcoins Expected to Resume Higher After Dipping

Cryptocurrencies: Altcoins Expected to Resume Higher After Dipping

By Gregor Horvat | 9 hour ago (08 Feb, 2023, 06:30 AM (UTC+04:00))

Cryptocurrencies are slow for the last few days, and the reason is most likely a ranged, sideways price action on stocks while USD is recovering. Also, these ranges may not be broken out soon after...

Was Bitcoin’s January Rally Driven by “Smart Money”?

Was Bitcoin’s January Rally Driven by “Smart Money”?

By Timothy Fries | 3 day ago (05 Feb, 2023, 04:30 AM (UTC+04:00))

Institutional investors seem to be pushing Bitcoin to greater levels, let's look into it. Over the month of January, Bitcoin returned to its highest level since August, gaining 41% to $23.5k. Is this...

MicroStrategy Plans to Buy More Bitcoin Despite $197.6M Impairment in Q4

MicroStrategy Plans to Buy More Bitcoin Despite $197.6M Impairment in Q4

By Timothy Fries | 5 day ago (03 Feb, 2023, 04:30 AM (UTC+04:00))

Bitcoin rose more than 40% since the impairment was logged, while MicroStrategy's (NASDAQ:MSTR) shares went 101% into the green. In its Q4 earnings report, MicroStrategy revealed a $197.6 million...

Bitcoin Macro Outlook: Nigeria’s 60% Premium, Best January in 10 Years

Bitcoin Macro Outlook: Nigeria’s 60% Premium, Best January in 10 Years

By Ruholamin Haqshanas | 8 day ago (31 Jan, 2023, 23:30 PM (UTC+04:00))

The price of Bitcoin in Nigeria is up by around 60% compared to other parts of the world amid measures by the Central Bank of Nigeria to impose limits on ATM cash withdrawals. The flagship...

Bitcoin Miners Get Relief as Revenue Up 50% in January

Bitcoin Miners Get Relief as Revenue Up 50% in January

By Timothy Fries | 9 day ago (30 Jan, 2023, 21:00 PM (UTC+04:00))

Bitcoin mining revenue rose 50% to over $24.4 million from more than 15.3 million on Jan. 3, Blockchain.com data showed. While it relieves troubled bitcoin miners, the revenue remains down more than...

Digital Asset Funds See Largest Inflows Since July 2022

Digital Asset Funds See Largest Inflows Since July 2022

By Ruholamin Haqshanas | 9 day ago (30 Jan, 2023, 21:00 PM (UTC+04:00))

Digital asset funds saw $117 million in inflows last week, the largest in over six months. Bitcoin funds accounted for most of that tally, seeing $116 million in inflows. The record inflows come as...

Bitcoin Battles Critical Resistance, Ethereum at a Crossroads

Bitcoin Battles Critical Resistance, Ethereum at a Crossroads

By Günay Caymaz | 12 day ago (27 Jan, 2023, 19:30 PM (UTC+04:00))

Bitcoin has been continuously rejected at the $23,000 level Ethereum has become more volatile since the second half of January, reflecting a price squeeze Bitcoin could correct in the short term...

Institutional Participation in Crypto Hits Record Low After FTX

Institutional Participation in Crypto Hits Record Low After FTX

By Ruholamin Haqshanas | 14 day ago (25 Jan, 2023, 22:00 PM (UTC+04:00))

The crypto market is off to a good start in 2023, with major cryptocurrencies like Bitcoin and Ethereum gaining over 30% YTD. Growing institutional participation in Bitcoin Futures has backed this...

Bitcoin’s Open Interest Drops as $23k Breached

Bitcoin’s Open Interest Drops as $23k Breached

By Ruholamin Haqshanas | 15 day ago (24 Jan, 2023, 22:00 PM (UTC+04:00))

Bitcoin open interest, the value of all open BTC derivatives positions, has dropped more than 25% this year. This comes as the cryptocurrency broke through the $23,000 resistance level over the...

Bitcoin: Is the Rally Resilient?

Bitcoin: Is the Rally Resilient?

By Naeem Aslam | 16 day ago (23 Jan, 2023, 05:00 AM (UTC+04:00))

The main focus is the relationship between the Bitcoin price and the equity markets. Bitcoin has a strong positive correlation with the risk-on factors, and it has been moving higher as the equity...

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