Bitcoin is down 10% over the last week, and investors are spooked. However, these corrections are standard for Bitcoin bull markets, is this time different? Bitcoin (BTC) witnessed a significant downturn this week, with its price plunging to $63,763, marking a weekly drop of 10%. As investors brace for the upcoming Federal Reserve meeting scheduled…
On March 18th, Bitget Wallet, the leading Web3 wallet in Asia, proudly announced the launch of its official ecosystem token, BWB, along with an innovative BWB Points airdrop event. This marks a significant milestone in the platform’s commitment to enhancing user engagement and fostering a vibrant community ecosystem. Introduction of the BWB Token and Its…
SVET Markets Weekly Update – March 11th–15th 2024 During week 11 BTC turned red for the first time in two weeks, while main stock indices, except the Nasdaq, managed to close in green. This comes despite inflation rising unexpectedly to 3.2% and traders being jittery about the outcome of the FOMC’s meeting next week. On…
Craig Wright is not Satoshi. Following the conclusion of closing arguments in the Crypto Open Patent Alliance (COPA) trial, Judge Mellor declared that Wright is not the author of the Bitcoin whitepaper nor the individual behind the pseudonym Satoshi Nakamoto. The month-long trial presented “overwhelming” evidence against Wright’s assertions, according to the judge. He announced…
Ethereum has become a symbol of innovation in the blockchain space attracting many innovators to develop their crypto projects on it. As a result, there are many decentralized applications on the blockchain. Also, Ethereum is the second largest blockchain and the biggest altcoin project. That is a reason why the crypto market anticipates the United…
Michael Saylor has announced MicroStrategies purchase of an additional 12,000 Bitcoins, bringing MicroStrategy’s total holdings to 205,000. Saylor, who emphasized to CNBC, Bitcoin’s potential to surpass gold as a store of value says this brings MicroStrategy’s total holdings to 205,000. Source: XThe move was signaled when MicroStrategy recently announced plans to issue $600 million in…
Bitcoin hit new all-time highs today, prompting new calls for a $1 million price target, and even support from President Trump. Bitcoin investors had reason to celebrate this week as the cryptocurrency soared to fresh all-time highs, reaching an impressive $72,612 late Monday, signaling continued bullish momentum in the market. Source: Brave New Coin Bitcoin…
SVET Markets Weekly Update – March 4th–8th, 2024 On Week 10, BTC reached 70K and ETH reached 4K. The Dow, S&P, and Nasdaq all hit new ATHs. Faced with unexpectedly high unemployment and easing inflation, gold rose to a record high of 2.2K, while the dollar fell by 1.4%. MondayOn Monday, stocks indices closed lower…
MicroStrategy announced this week plans to issue $600 million in convertible senior notes due in 2030, targeting qualified institutional buyers. This move, subject to market conditions, could see an additional $90 million in notes offered shortly after the initial issuance. The notes, set to mature on March 15, 2030, will pay interest semi-annually and may…
Driven by mass inflows into the new ETFs, Bitcoin has recovered quickly after dipping to 60k following its new all-time-high on Tuesday. On Tuesday morning Bitcoin set a new all-time high of $69,300, which it managed to hold for approximately two minutes before sharply correcting 10% to $59,300. By Wednesday night Bitcoin had recovered to…