Bitcoin price hits $63K and platforms struggle with the frenzy - read more!
Bitcoin mania is back, with the price of the popular cryptocurrency soaring to new heights. Recently, Bitcoin crossed the $60,000 mark, reaching levels not seen since 2021. The surge in price led to chaos on crypto trading platform Coinbase, as the influx of users caused disruptions, including displays of zero balances in accounts.
As the price continued its upward trajectory, Bitcoin briefly touched $64,000, stirring excitement in the cryptocurrency community. The optimism around spot Bitcoin exchange-traded funds (ETFs) and the upcoming halving event fueled market sentiment, according to a report by Grayscale. Major crypto-related stocks also experienced a boost in value as Bitcoin surpassed $63,000.
However, the rapid rise in price was not without its setbacks. Bitcoin fell back below $60,000 after a remarkable rally that saw it approaching $64,000. Analysts attributed this decline to profit-taking by investors, highlighting the volatile nature of the cryptocurrency market.
In a surprising turn of events, financial pundit Jim Cramer weighed in on Bitcoin as it surged past $63,000. Cramer's rhetoric added another layer of intrigue to the Bitcoin frenzy, emphasizing its status as the largest cryptocurrency in terms of market capitalization.
As the world's largest cryptocurrency, Bitcoin is once again within striking distance of its all-time high, prompting investors to turn increasingly bullish on its potential. Additionally, Strike, a Bitcoin-focused payments application, has expanded its services to seven African countries, showcasing the growing adoption of Bitcoin in the region.
Crypto trading platform Coinbase blamed traffic that was 10 times normal for disruptions to some users, including displays of a zero balance in their accounts.
Bitcoin continued its surge on Wednesday, shooting above $63,000 for the first time since November 2021. The price of the flagship cryptocurrency was last ...
Optimism around spot bitcoin ETFs and the upcoming halving is driving market sentiment, according to a Grayscale report. Major crypto-related stocks, such as ...
Spot bitcoin ETFs are seeing massive inflows of money and BTC is crossing $1000 milestones one after another in quick succession.
Bitcoin prices declined to less than $60000 this afternoon after approaching $64000. Analysts cited profit taking as being the primary cause of this ...
Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any ...
The world's largest cryptocurrency is now within striking distance of its all-time high as investors turn increasingly bullish on bitcoin.
Strike, a Bitcoin-focused payments application, has announced the launch of its services in seven African countries, signaling its expansion into the ...
The global crypto market cap jumped more than 8 per cent to $2.33 trillion. The total crypto market volume over the last 24 hours stood at $198.71 billion, ...
Bitcoin keeps firm tone and trading just under new highest in over three years on Thursday, as steep rally extends into fourth straight day.
In mid-February, we wrote that the price of Bitcoin did not show bullish progress after exceeding the psychological level of USD 50k per Bitcoin.
The price of these smaller cryptocurrencies have left the bitcoin price in the dustโwith some declaring them "free money"...
Sylvia Jablonski, CEO and chief investment officer at Defiance ETFs, pointed specifically to the new ETFs and the upcoming bitcoin halving. "We've seen over $2 ...
New US spot Bitcoin exchange-traded funds are shaking up the market for the original cryptocurrency after widening demand for the token and attracting more ...
The world's largest cryptocurrency was last up 8.5% at $62,135, its highest since November 2021, while Ethereum rose 5.35% to $3,436, having hit another two- ...
BlackRock's newly approved Bitcoin exchange-traded fund (ETF) continues to steal the show: the hot digital commodity received over $612 million in inflows ...
Bitcoin funds from BlackRock, Grayscale Investments and Fidelity each notched at least $1 billion in trade volumes Thursday.
Bitcoin is poised to close February with a 44% gain, its largest monthly advance since December 2020. Bitcoin demand via U.S.-listed spot bitcoin ETFs is ...
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 29, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the ...
iShares Bitcoin Trust recorded the highest daily inflows on Feb. 28 at $612.1 million, supported by Fidelity Wise Origin Bitcoin Fund and ARK 21Shares ...
10 Years of Decentralizing the Future · Bitwise chief investment officer Matt Hougan expects even more demand for the spot bitcoin ETFs as larger U.S. wirehouses ...
Never before has the RSI been this overbought alongside an above-$60000 bitcoin price, analysts at The Market Ear explained.
Bitcoin adds the equivalent of its 2017 all-time high in a single month as BTC price gains set records.