Exactly one month after hitting its last all-time high, bitcoin has once again reached new heights by climbing above $63,000 for the first time in its history.Ethereum, the world’s second most valuable cryptocurrency, also saw new record highs on Tuesday, while several others experienced similar price surges.The gains pushed the overall cryptocurrency market above $2…
It has been a busy month for bitcoin. The cryptocurrency has seen the biggest upgrade to its network in four years, massive institutional interest, and the first ever country to officially adopt it as legal tender.But despite all this, the market has settled into a period of relative stasis and remains in limbo.
The price of bitcoin has crashed below $30,000, adding to the heavy losses seen across the crypto market in recent months.The cryptocurrency dropped as low as $29,548 on Tuesday morning, according to CoinMarketCap’s price index, down from an all-time high above $64,000 in mid April.Other leading cryptocurrencies also suffered big price falls, including Ethereum (ether),…
Bitcoin remains in a period of consolidation at the start of the week, with the price staying within the $33,000 to $36,000 range since the beginning of July.The cryptocurrency dropped in value by around 5 per cent between Sunday and Monday but recovered to above $34,000 by Tuesday morning. Other leading cryptocurrencies, including Ethereum (ether),…
A cryptocurrency crash that wiped $40 billion from investors’ holdings was caused by just seven traders, according to new research.Crypto analytics firm Nansen released an in-depth report on the downfall of Terra’s LUNA and UST tokens earlier this month, debunking the narrative among some industry figures that the collapse was caused by a single entity.“We…
The head of the world’s largest corporate crypto investor has said he is “more bullish than ever on bitcoin” after purchasing another $190 million worth of the cryptocurrency.Speaking at the Bitcoin 2022 conference in Miami, Florida, on Thursday, MicroStrategy CEO Michael Saylor said the latest investment brought his company’s stockpile to 129,218 BTC – worth…
Bitcoin has enjoyed a record-breaking year in 2021, but experts predict next year could see some of its rivals surge in popularity and price – and possibly even overtake it.Speaking at a virtual Independent event this week, three leading figures within the crypto space discussed recent market developments and speculated on where things might be…
The co-founder of Reddit has predicted that 90 per cent of the gaming market will be Play-to-Earn games within the next five years.Alexis Ohanian said the emerging model – which uses blockchain technology to issue in-game crypto tokens that can be exchanged for real-world currency – will allow people to make significant amounts of money…
The crypto market is settling down on Monday after a weekend of stage invasions, explicit coins and support from the president of El Salvador.The past few days saw the staging of Bitcoin 2021 – billing itself as the largest crypto event in history, and welcoming tens of thousands to talk about digital currencies.Arguably the most significant…
Bitcoin saw a brief surge in price over the weekend but has since slipped below $50,000 at the start of the week. Other leading cryptocurrencies are also struggling to recapture the momentum they saw last month, which took them to new all-time highs.Ethereum (ETH), Solana (SOL) and Ripple (XRP) all dipped by around 5 per…