Bitcoin hit a record high on Tuesday with the price of the cryptocurrency rising above $69,000 for the first time. The celebrations were short-lived, as a sharp price drop followed. An impressive month-long price run saw Bitcoin go from $38,000 at the end of January to break the previous all-time high of 68,900.00 earlier today.…
Bitcoin (BTC), the largest and oldest cryptocurrency, has dominated the current crypto market surge. Bitcoin has name and brand recognition, it’s the number one asset by market capitalization, and thanks to the recent U.S. Bitcoin Spot ETFs, institutional capital is flooding into it at record pace. Today was the second biggest volume day for the…
SVET Markets Weekly Update February 26 — March 1st, 2024 On Week 9, BTC almost reached its ATH, and the crypto markets rallied as stocks continued to outperform worldwide. This was driven by easing inflation and slowing economies, with traders betting on central banks implementing rate easing policies sooner this year. Monday The Dow, S&P…
Bitcoin has sailed through its US$60,000 resistance -with market observers saying it has a free run to a new all time high within the next 12 months. Today has been an especially volatile day, in an already volatile week. The price of Bitcoin has surged beyond $63,000. While still not a new all-time-high, it is…
Correspondence between Satoshi Nakamoto and his earliest known collaborator, Martti Malmi, have been released as part of an ongoing lawsuit in the United Kingdom. The trial, initiated by the Crypto Open Patent Alliance (COPA), seeks to refute Craig Wright’s claim to being Satoshi. The unearthed emails offer fresh insight into the intentions of the mysterious…
Bitcoin has sailed through its US$60,000 resistance -with market observers saying it has a free run to a new all time high within the next 12 months. Today has been an especially volatile day, in an already volatile week. The price of Bitcoin surged to $63,000 on Wednesday. While still not a new all-time-high, it…
SVET Markets Weekly Update – February 19–23, 2024 On Week 8, Wall Street rallied on hopes for AI, with major world indexes following. Chinese markets were re-energized after the Lunar New Year break. Cocoa continued its unprecedented price rally. The crypto market was mostly flat, with BTC and ETH holding their two-year high levels. Monday…
It's no secret that the exciting crypto industry is ripe with opportunities, especially now with the bullish trend going on, but also carries significant risks. In this article, we share specific insights on how to adapt your investment strategies to successfully navigate the crypto market's uncertainty. The crypto market will offer both opportunities and risks…
The latest Independent Reserve Cryptocurrency Index (IRCI) for Australia, released this week, sheds light on the evolving landscape of cryptocurrency attitudes and behaviors among Australians. The fifth edition of the survey, conducted annually, provides key insights into awareness, adoption, trust, and confidence in the cryptocurrency market. Now in its fifth year, the Independent Reserve Cryptocurrency…
With a war chest of 190,000 Bitcoin MicroStrategy is sitting on an unrealized profit of almost $4 billion, but CEO Michael Saylor says the company has no plans to sell its Bitcoin. “I’m going to be buying the top forever. Bitcoin is the exit strategy,” Saylor recently told Bloomberg. The outspoken Bitcoin bull said that…