Bitcoin breaks $50,000 for the first time since 2021, signaling a remarkable resurgence in the cryptocurrency world.
Bitcoin made a significant comeback, surpassing the $50,000 milestone for the first time since 2021. The crypto giant's surge has reignited investor enthusiasm, with CoinShares reporting a substantial $1.116 billion investment in crypto funds last week. This spike comes after months of sustained growth, reaching heights of $50,400 in recent trading sessions. The soaring price of Bitcoin is seen as a positive sign following the approval of Bitcoin exchange-traded funds (ETFs) by US regulators, propelling the market towards a potential $1 trillion valuation.
Peter Schiff, a prominent Bitcoin critic, labeled the recent price surge as a 'pump and dump,' highlighting contrasting perspectives in the market. Despite criticism, Bitcoin's resilience and scarcity compared to fiat currencies suggest a bright future even as concerns about currency debasement loom. The industry's optimism is further manifested in the performance of related stocks like crypto exchange Coinbase, which saw a 4.9% increase, indicating a broader positive market sentiment.
Nervos Network's CKB token saw a remarkable 56% surge following the release of the RGB++ client for Bitcoin, showcasing the interconnectedness and potential for growth within the crypto ecosystem. Bitcoin's market cap, now triple the size of Ethereum's, underscores its dominant position in the digital currency landscape. The rapid pace of development in the crypto space, exemplified by new protocols like RGB++, signals continued growth and innovation, positioning Bitcoin as a key player in shaping the future of finance.
Crypto heavyweight Bitcoin crossed the $50000 mark late Monday for the first time in over two years as investors remain optimistic that U.S. approval of...
According to CoinShares, investment in crypto funds rose by a significant $1.116 billion last week, following inflows of $0.708B the week before. Bitcoin ...
Premier cryptocurrency bitcoin (BTC) has rocketed above $50000 for the first in over two years. The BTC/USD pair reached as high as $50400 in morning...
International, MNA | Bitcoin spiked above $50000 Tuesday for the first time in more than two years as investors grow optimistic that US approval of broader ...
Investors' willingness to put money into bitcoin was also supported last month by US regulators' approval of exchange-traded funds (ETFs) to track their price.
As Bitcoin is crossing the $50,000 mark, bullish tendencies are covering the whole market. Notably, Peter Schiff, as a well-known critic of Bitcoin, ...
While Bitcoin and other cryptocurrencies will remain supply-constrained, debasement looms large in the future of all fiat currencies.
Recent price action affirmed the recent approval of Bitcoin exchange-traded funds (ETFs) is a big deal in the crypto market, as Bitcoin clocked its highest ...
Bitcoin's resurgence to $50000 marks a remarkable turnaround, overcoming questions about the crypto industry's viability.
Crypto stocks also enjoyed a boost on Monday, with crypto exchange Coinbase up 4.9% and crypto miners Riot Platforms and Marathon Digital up 10.8% and 11.9%, ...
and other cryptocurrencies marched upward Tuesday with the largest digital asset trading at its highest level in more than two years.
Bitcoin spiked above $50000 yesterday for the first time in more than two years as investors grow optimistic that U.S. approval of broader trading in the ...
The CKB token of Nervos Network has rapidly soared by over 55% shortly after developers released RGB++, an extension protocol base designed to work with ...
The Bitcoin market cap is roughly three times the size of Ethereum'sโa distinction BTC only recently re-established in October 2023.
(Bloomberg) -- Bitcoin hovered around $50000 after scaling the closely watched level for the first time in over two years, a remarkable comeback from the ...
The price of the world's largest cryptocurrency hit an all-time high of $68789 in November 2021 before crashing to $15760 in December 2022.
The price of bitcoin has risen above $50,000 for the first time since 2021, marking a major milestone in its recovery from below $20,000 at the start of ...
The latest price moves in crypto markets in context for Feb. 13, 2024.
Iran Power Generation, Transmission, and Distribution Company (Tavanir) have launched an initiative to tackle unauthorised crypto mining amid the ...
Bitcoin has surged past the $50000 mark for the first time in over two years, driven by expectations of future interest rate cuts and recent regulatory ...
BITCOIN fell for the first time in eight trading sessions as speculators sought a respite following the recent rally that pushed the largest cryptocurrency ...
Portal, a fintech provider advancing financial self-sovereignty with robust technology for secure and trust-minimized access to Bitcoin and diverse ...
'HALVING' IMMINENT: The cryptocurrency is being boosted by expectations the US would allow ETFs that track its price, as well as a likely supply crunch next ...
But the frenzy attached to Bitcoin ETFs appears to have already waned, with the average daily trading volume in the crypto market falling to $113 billion so far ...
Some investment advisers aren't allowed to talk about it with clients, let alone park their money in it.
Since their Jan. 22 post-launch price low, the largest spot bitcoin ETFsโthe iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC)โhave ...
Bitcoin rose to $50000 Monday for the first time in two years, fueled by a rush of new-investor enthusiasm and growing anticipation over a cryptic-sounding ...
It's been a successful launch, but things could get really interesting once much of the wealth management industry comes on board, which could be sooner ...
(Bloomberg) -- FOMO - fear of missing out - on Bitcoin's recent rally appears to be helping to drive demand for the batch of exchange-traded funds approved ...
Bitcoin dropped below $17000 in 2022. However, the crypto has since rallied, leading many investors to wonder if bitcoin could rise above its historical ...
The Treasury's financial-crimes arm found that bitcoin was increasingly popular for use in trafficking of people and materials tied to child sexual abuse, ...
Cryptocurrencies fell Tuesday amid a broader market sell-off following a hotter-than-expected CPI reading.
The US securities regulator on Jan 10 approved the first US spot bitcoin ETFs, a watershed for the world's largest cryptocurrency and the broader crypto ...
(Bloomberg) -- Bitcoin rode out a surprisingly strong US inflation print that roiled global markets by dimming hopes for rapid interest-rate reductions.
An interest rate cut isn't likely on the table, but risk assets are doing just fine.
According to data from the CME Group, the CPI annual rate dropped from 3.4% to 3.1% while the expected rate was 2.9%. As the inflation rate outmatched the ...
BTC price dives nearly 4% on U.S. inflation worries with CPI data erasing Bitcoin trader optimism over a Fed rate cut.
Bitcoin price shows strong resilience to major upheaveal on Wall Street, while the upcoming halving event offers strong support.