Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped down to $50,000 on Monday but managed to recover fast and climb above the $55,000 mark early Tuesday. The fear of recession in the US due to the US Federal Reserve’s decision to maintain high interest rates continues to loom as a major concern among
The defunct crypto exchange Mt Gox is now planning to move the remaining 80.5K Bitcoins at a time when Bitcoin struggles to surpass the $70,000 level. It has nearly sent 50K Bitcoins in the past two weeks to creditors on Kraken and Bitstamp. While creditors faced some withdrawal issues on the exchange last week, they
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $67,000 mark early Tuesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) —saw minor gains across the board as the overall Market Fear & Greed Index stood at 61 (Greed) out of
Former US President and current Republican presidential nominee Donald Trump has pledged to position the United States as a leading force in the cryptocurrency world should he return to the White House. Speaking at the Bitcoin 2024 convention on Saturday, Trump outlined his vision for America as a “Bitcoin superpower” and promised to establish a
Bitcoin has jumped to $66,716 after dropping to $54,000, and other cryptocurrencies like Ethereum and Solana are also indicating a possible bull run. This increase is driven by several factors, including President Joe Biden’s unexpected exit from the 2024 presidential race, suggesting the start of a strong market rally. Biden’s Exits From Election Biden’s decision
In the past few years, there has been a gradual positive shift in the right direction. The government has provided clarity on taxation, and crypto exchanges are now reported entities under the Prevention of Money Laundering Act (PMLA). However, the tax rate remains high, which is negatively impacting the growth of the ecosystem. This situation
A crypto analyst has maintained a strong bullish stance for Bitcoin (BTC), predicting that the pioneer cryptocurrency is heading towards a fresh all-time high of $100,000. The analyst has shared several factors that could propel Bitcoin to this lofty price target. Bitcoin To Hit $100,000 In 2024 On July 19, crypto analyst Scott Melker, also
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, remained below the $65,000 mark early Friday. The WazirX wallet breach of over $230 million sent a wave of concern among investors, leading to a dip in prices for nearly all coins on Indian platforms. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin
As the newly elected NDA government prepares to present its full Budget for the FY2024-25, all eyes are on Finance Minister Nirmala Sitharaman. Among the many sectors eagerly awaiting the announcements, the cryptocurrency industry has high hopes for favorable reforms that could significantly impact its growth and regulatory landscape.Industry experts have outlined a clear wishlist
A crypto analyst remains highly optimistic about XRP Ledger’s native token, XRP, predicting the appearance of multiple God candles that could potentially propel the cryptocurrency into a strong bullish rally. Breaking Resistance Could Trigger God Candles In an X (formerly Twitter) post on June 14, a crypto analyst identified as ‘Dark Defender’ provided a detailed