Tag: market value

Bitcoin Has More Than Doubled This Year In Resurgence
7Nov By adminNo Comments
Technology

Bitcoin Has More Than Doubled This Year In Resurgence

[ad_1]  Bitcoin has now more doubled in value this year in a surprising resurgence from a tumultuous 2022 that had some skeptics predicting the demise of digital assets.  The largest cryptocurrency by market value rallied for a third day, pushing the price back to around $35,000, the highest level in about 18 months. Bitcoin tumbled 64% last year amid industry scandals and bankruptcies. It reached a record of almost $69,000 in late 2021. Growing expectations that the US Securities and Exchange Commission will authorize exchange-traded funds that invest directly in the cryptocurrency after a decade of deliberation has fueled a more than 25% rally over the past two weeks. “Sentiment is clearly bullish as more and more signs start to reveal what appears to be a likely, imminent listing for...
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Bitcoin Drops Below $29,000 for the First Time in Over a Month
25Jul By adminNo Comments
Technology

Bitcoin Drops Below $29,000 for the First Time in Over a Month

[ad_1] Bitcoin dropped below $29,000 for the first time in over a month as the recent exorbitance over ETFs and a more favourable regulatory outlook eases.The largest digital-asset by market value fell as much as 4.2% to $28,865, the least since June 21. Bitcoin is up around 75% this year. Most other tokens were also lower on Monday, with recent high-flyer XRP down about 7% and Solana off 8%. “After a sharp rally spurred by spot ETF excitement, Bitcoin has consolidated for over a month around $30,000 as the market awaits incremental information regarding the probability of the myriad of filings coming to fruition,” said Spencer Hallarn, a derivatives trader at crypto investment firm GSR. The recent jump in Bitcoin coincided with a raft of filings for Bitcoin exchange-traded funds in the...
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