The crypto market saw extra turbulence after Samourai Wallet’s CEO and chief technology officer faced legal action from the U.S. DOJ. Bitcoin $62,963, Ether $3,175 and major altcoins briefly tumbled amid news of Samourai Wallet founders’ arrest by the United States Department of Justice (DOJ) on the backdrop of ongoing Middle East tensions and post-halving…
KPMG Canada partner Kunal Bhasin says rising debt and increasing inflation have likely attracted institutional investors into crypto. Canada-based institutional investors significantly increased their crypto exposure last year compared to the last bull run, a survey from accounting firm KPMG has revealed. Nearly 40% of institutional investors reported having direct or indirect exposure to crypto…
Key on-chain metrics suggest a higher baseline for Bitcoin price now that the halving is complete. Analyst and founder of the Capriole Investments fund Charles Edwards said multiple on-chain metrics suggest that Bitcoin and other cryptocurrencies have “a lot further to run” in this bull market. In his latest newsletter, Edwards explained that transaction fees…
Bitcoin and altcoins continue to be rocked by macroeconomic and geopolitical uncertainty, but data shows bulls continue to buy each dip. Bitcoin’s BTC $63,010 rally to a new all-time high, and the subsequent consolidation suggests that the bulls are not rushing to the exit as they anticipate another leg higher. According to an X post…
After enjoying record profits during Bitcoin’s recent halving, miners now face a sharp decline in hash prices. After posting record-breaking earnings on the day of the Bitcoin halving, miners now face another reality: a high network hash rate and lower revenues pushing down profits. The average revenue a Bitcoin BTC $63,009 miner earns per performed hash, known as…
Over the weekend, geopolitical tensions escalated dramatically following an unprecedented conflict between Iran and Israel. The events unfolding on Saturday evening momentarily shook global markets, including the crypto sector. However, there has been a noticeable recovery within the crypto market at the time of reporting. The swift rebound in crypto values demonstrates the market’s robustness…
On April 13, the cryptocurrency market witnessed a substantial downturn, marked by a nearly 10% drop in Bitcoin and other digital currencies. This decline was instigated by heightened geopolitical tensions in the Middle East, particularly Iran’s attack on Israel. Iran’s Attack Spurs Crypto Market Decline The crypto market experienced a significant price crash, with several altcoins…
Bitcoin (BTC) has yet again demonstrated its resilience and potential for significant gains. This is according to ARK Invest’s latest report, “The Bitcoin Monthly,” covering the events of March 2024. BTC’s price reached a new all-time high (ATH) of $73,737 in March, marking an approximately 18.5% gain from the start of the month. The price…