Crypto analysts say bitcoin could serve as a safe-haven asset during times of geo-political uncertainty (Getty Images/iStockphoto)The price of bitcoin has surged to a two week high above $44,000 on Tuesday after a chaotic few days for the crypto market.Russia’s invasion of Ukraine initially sparked a mass sell-off, causing BTC to plummet from $39,000 to…
Crypto analysts say bitcoin could serve as a safe-haven asset during times of geo-political uncertainty (Getty Images/iStockphoto)The price of bitcoin has surged to a two week high above $44,000 on Tuesday after a chaotic few days for the crypto market.Russia’s invasion of Ukraine initially sparked a mass sell-off, causing BTC to plummet from $39,000 to…
Bitcoin has overtaken the Russian Ruble after a crypto market surge coincided with Russia’s currency crashing.The cryptocurrency reached above $41,000 on Monday afternoon, according to CoinMarketCap’s price index, having traded below $35,000 as recently as Thursday.Follow our live coverage of the crypto marketThe Ruble fell by around 25 per cent in that same time period,…
Crypto analysts say bitcoin could serve as a safe-haven asset during times of geo-political uncertainty (Getty Images/iStockphoto)The price of bitcoin has stabilised at around $38,000 on Monday after a chaotic few days for the crypto market.Russia’s invasion of Ukraine initially sparked a mass sell-off, causing BTC to plummet from $39,000 to below $35,000 at the…
Bitcoin’s network is producing a similar level of CO2 emissions to the country of Greece, according to a new report assessing the cryptocurrency’s carbon footprint.The findings contradict other studies that found bitcoin’s reliance on fossil fuels has decreased since a nationwide crackdown on bitcoin mining in China last year.The state ban saw mining operations –…
Bitcoin’s price has plummeted at the end of February as the crypto market faces a ‘storm' (Getty Images)Geopolitical tensions appear to have killed off a strong bitcoin recovery, which saw gains of more than $10,000 for the cryptocurrency in the first half of February.The price of BTC managed to return above $37,000 on Wednesday, though…
Bitcoin’s price has plummeted at the end of February as the crypto market faces a ‘storm' (Getty Images)Geopolitical tensions appear to have killed off a strong bitcoin recovery, which saw gains of more than $10,000 for the cryptocurrency in the first half of February.The price of BTC fell below $37,000 on Tuesday, marking a 15…
Macro Factors Impacting Crypto MarketsThe price of bitcoin has seen a steady start to the week, though some crypto analysts have predicted a volatile few weeks ahead.After a strong start to February, which saw the cryptocurrency recover from six-month lows at the beginning of 2022, BTC has settled in the $41,000 to $45,000 range.Other leading…
Bitcoin and the broader cryptocurrency market could be set for a tumultuous few weeks of price movements amid “approaching storm clouds”, according to leading crypto analysts.The latest report from on-chain data provider Glassnode warned of “numerous macro headwinds” that could heavily impact the price of bitcoin next month, from the tightening of Fed policy to…
Macro Factors Impacting Crypto MarketsThe price of bitcoin has seen a steady start to the week, though some crypto analysts have predicted a volatile few weeks ahead.After a strong start to February, which saw the cryptocurrency recover from six-month lows at the beginning of 2022, BTC has settled in the $41,000 to $45,000 range.Other leading…