Bitcoin is in a state of euphoria. Driven by growing enthusiasm from professional investors, bitcoin has just surpassed the $44,000 mark, dangerously approaching its all-time high set just one year ago. A telltale sign is the explosion in the volume of futures contracts traded on dedicated platforms. Here's the explanation.
Since January 2023, bitcoin (BTC) has experienced several breakthroughs that have caused its value to skyrocket. The asset has repeatedly reached the $30,000 mark. A resistance level that it vigorously broke through to reach the $40,000 mark, double its price at the beginning of the year. The asset is currently trading around $43,655 after a 4.52% increase in the last 24 hours. Bitcoin (BTC) is showing a level of dynamism that we haven't seen in several months. However, in this context, some financiers believe that all the hype surrounding the flagship cryptocurrency is biased. Let's see in the following lines what this is all about.
The Bitcoin network is experiencing unprecedented congestion in recent days, caused by a massive influx of transactions related to BRC20 tokens. Nearly 300,000 transactions are waiting to be confirmed, saturating miner memory and driving fees to record levels.
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Transaction fees in bitcoin have skyrocketed in recent days due to what is known as "mempool congestion".
The transfer of the cryptocurrencies earned from this drop will occur in mid-January.
While investors and crypto traders are busy taking advantage of the current rise in the price of bitcoin, Elon Musk is choosing a different path. The billionaire, who has ambitions of colonizing the moon, has decided to make a massive investment in artificial intelligence. X AI, the company he has created for this purpose, has just launched an extraordinary fundraising campaign of 1 billion dollars. Its goal? To revolutionize artificial intelligence. Let's talk about it.
While Bitcoin started 2023 with an explosive surge of over 140% since January, Ethereum remains lagging behind. However, despite solid fundamentals, ETH is still trading 54% below its all-time high. Undervalued, it could soon catch up and take off.
Like a rocket, bitcoin is gradually approaching its All Time High from November 2021: 69,000 dollars. Currently, the flagship crypto oscillates between 41,000 and 42,000 euros. But this allows some analysts to predict a frenzied race towards other summits.
In recent weeks, all eyes have been on Ripple (XRP). In the ecosystem, most investors are anticipating an imminent explosion in the crypto's value, due to the developments in the ongoing lawsuit between Ripple and the SEC. Indeed, as discussions continue between the two parties, the XRP market is buzzing. XRP activity has reached a record high not seen since August. Details here.
The Bitcoin network's hash rate has just reached a new all-time high, surpassing for the first time the symbolic threshold of 500 million terahashes per second. However, some experts warn of a sharp reversal risk. A sudden drop in hash rate would weaken the network's security and cause the price of Bitcoin to plummet.
The inimitable Max Keiser has restarted the rumor. Qatar is about to invest 500 billion in bitcoin. Just that…
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Bitcoin (BTC) is now cited as one of the most important assets in the global financial ecosystem. The latest figures show that this flagship cryptocurrency is so dynamic that it has managed to rank among the top 10 most strategic financial assets in the world, displacing some well-known financial giants.
Gold and Bitcoin are surging. While one mainly benefits from geopolitical tensions, the other gains from anticipation regarding ETFs and the halving event.
Week after week, the crypto sector continues to innovate and redefine the boundaries of finance and technology with audacity and creativity. In this weekly recap, we will explore the most significant news of the past week.
This weekend, the price of Bitcoin (BTC) crossed the symbolic threshold of $40,000, reaching $40,846 on Sunday evening. This is its highest level since April 28, 2022. Fueled by optimism, the flagship cryptocurrency is beginning its return to the heights after over a year of turmoil.
Binance played the role of a catalyst for the rise of LUNC. The crypto exploded by 60% following an announcement from the exchange.
Like an ant, this institutional investor has alternated buying Ethereum at opportune times and has been rewarded handsomely. Indeed, since September, when ETH was trading between $1,500 and $1,600 per coin, this whale was able to amass a tidy sum of over 41,000 ETH. Imagine how much that is worth today, with ether valued at over $2,200.
For several years, cryptocurrencies have been experiencing a special growth that is reshaping the global financial ecosystem. This dynamic, which is in line with the times, was until recently largely hindered by the absence of regulation in the crypto sector. This situation posed risks of anarchy and led to certain catastrophic events in recent months. To address these concerns, the European Union (EU) has taken the lead by introducing its regulation on crypto-assets markets (MiCA). At a time when several analysts anticipate a bull run in the cryptocurrency market, many specialists believe that the MiCA law will be one of the catalysts for this momentum. Let us analyze this in light of the potential of unprecedented crypto regulation, soon to be fully operational.
This is the bombshell in the crypto sphere: Anatoly Yakovenko, the founder of Solana, has just made an unexpectedly mild statement regarding the Ethereum blockchain. While the two projects are often depicted as fierce competitors, Yakovenko sought to ease tensions during a notable address.
Canadians would be disappointed with cryptocurrencies. According to the latest statistics, a significant number of them have regretted their investments in this digital asset. Details !
The fact that Changpeng Zhao (CZ) is facing the full force of U.S. law has not prevented him from sharing a poignant testimony about Bitcoin (BTC). The former CEO of Binance recounts how his decision, a decade ago, to invest his entire being into the flagship cryptocurrency, completely changed his life. However, he does not call on users to emulate him.
Major Jason Lowery of the US Space Force has just sent a passionate open letter to the Defense Innovation Board, an advisory body to the US Department of Defense, regarding Bitcoin. His aim: to convince the Pentagon to consider this cryptocurrency as a national strategic issue.
Get ready for Coincall Fireworks, this initiative, started in November, strategically aims to elevate market awareness and engagement while making crypto derivatives trading accessible to a broader audience. Coincall proudly stands for having the world’s best crypto options exchange spread.
Bitcoin is on its way to the moon. Its recent performances have sparked unprecedented enthusiasm, leading to a dramatic increase in the number of addresses with a non-zero balance. Details !
As Solana, the “Ethereum killer”, reemerges after a tumultuous period, its spectacular progress against its historical rival reignites the debate: are we witnessing the beginnings of a paradigm shift in the crypto universe?
The Machiavellian origin of the petrodollar is no more. Henry Kissinger has passed away at the age of 100.
The crypto speculative fever around GameFi has abruptly subsided, leaving behind a devastated landscape littered with abandoned projects. A recent study reveals that between 2018 and 2023, no less than 75.5% of GameFi initiatives have gone bankrupt. Of the 2,817 games launched, 2,127 did not survive more than a year.
Is the future of Bitcoin in the hands of small investors? Indeed, 74% of holders have less than 0.01 BTC.