Bitcoin is the talk of financial media, and has even spilled into the mainstream. Celebrities, CEOs, and just about anyone with a voice box is talking about crypto and speculating just how high Bitcoin could go this year. And while the bull market has potential to run much higher throughout the year, its the long-term…
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Bitcoin has been caught in one of the strong uptrends seen since its parabolic rally first began in late-2020 The cryptocurrency has been seeing tremendous growth as of late that has come about primarily as a result of multiple signs of mainstream adoption Examples of this include Tesla’s decision to add $1.5b worth of BTC…
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Bitcoin just set a new all-time high at $48,600 on top exchanges just days after setting its previous high of $48,300 on Coinbase. The cryptocurrency is up 8% in the past 24 hours, outperforming the stock market, though Bitcoin is underperforming some of its stock market peers. The rally comes as Tesla has confirmed that…
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Bitcoin today blasted through local resistance and set an all-time high price record. The powerful move came after a short-lived drop downward yesterday, providing enough short-sellers to pose as fuel to push prices higher. What also contributed to the “rocket fuel” was a sudden increase of stablecoins, which whales are finally taking full advantage of…
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The coronavirus pandemic has painted a different picture of our world when it comes to international money transfers, especially the kinds that come from employed migrant workers. The World Bank reveals that global remittances have declined 20% over the year 2020, with a 19.7% drop in remittances to low and middle-income countries. Part of that…
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The price of Bitcoin has rallied to a new all-time high above $48,500 merely hours after it saw a large dip to around $43,800. Bitcoin rose by 11.2% in the last 21 hours, posting a strong V-shape recovery in a short period. Bitcoin price chart. Source: BTCUSD on TradingView.com What’s fueling the Bitcoin rally? There…
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Bitcoin edged higher on Thursday after traders realized MasterCard’s plans to integrate cryptocurrencies into its traditional payment services later this year. The credit card giant’s revelation came days after Tesla, a Fortune 500 carmaker, showed a $1.5 billion worth of Bitcoin in its balance sheets this Monday, further asserting that it would start accepting payments…
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At the start of the year, Cardano’s market cap was hovering around $5.6bn. However, in five weeks, a flood of bullish sentiment has propelled this figure to $28.4bn. This was enough to leapfrog the likes of XRP and Polkadot to take the fourth spot on CoinMarketCap. Likewise, over this period, the price of ADA is…
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Bitcoin plunged by more than $3,000 after establishing a record high on Tuesday, stoking concerns about an extended price decline on growing profit-taking sentiment. Nevertheless, the flagship cryptocurrency discovered a substantial interim support range above $44,000. The BTC/USD exchange rate inched back above $45,000 in the early Asian trading session Tuesday, reiterating hopes that the…
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The TrueFi protocol has only been around for a couple of months and its arrival is already being felt across the DeFi landscape. Since the beginning of January, the platform has steadily been climbing the rankings chart on DefiPulse, already in the 24th spot after 2 months since launch, moving past long-standing protocols like Cover,…
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