crypto market

Bitcoin’s Reign Unchallenged: Altcoin Season Continues to Fade Into Obscurity

August 24, 2024 Bitcoin.com

altcoin season

Market data reveals that bitcoin’s market capitalization now stands at 56%, representing a 47.36% growth since Nov. 2022. Although the crypto markets have been showing positive trends this week, the likelihood of an ‘altcoin season’ remains quite slim. This is evidenced by blockchaincenter.net’s Altcoin Season Index (ASI), which currently sits at a low score of […]

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Will Ethereum price bottom at $1.6K?

Bitcoin Blasts to $64,853—Powell’s Rate Cut Hints Lift Entire Crypto Market

August 23, 2024 Bitcoin.com

Bitcoin

Bitcoin reached an impressive peak of $64,853 per unit on Friday, spurred by U.S. Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, where he hinted at the possibility of rate cuts in September. The cryptocurrency showed a 5.3% increase in the past day, contributing to a 5.01% rise in the overall crypto market, which […]

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Will Ethereum price bottom at $1.6K?

Terraform Labs’ Fate Hinges on Sept. 19 Bankruptcy Hearing

August 22, 2024 Bitcoin.com

Bankruptcy

The Chapter 11 bankruptcy reorganization hearing for Terraform Labs Pte. Ltd. and Terraform Labs Limited is set for Sept. 19, 2024, at 10 a.m. EDT. This hearing will be pivotal in shaping the future of the crypto company, which has encountered substantial hurdles since the Terra ecosystem’s collapse in 2022. Terraform Labs Faces Pivotal Bankruptcy […]

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Will Ethereum price bottom at $1.6K?

Bitcoin Bulls Charge Toward $62K as Fed’s Minutes Triggers Market Frenzy

August 22, 2024 Bitcoin.com

Bitcoin

Bitcoin’s price hit $61,838 per coin by 3:45 p.m. EDT on Wednesday, after spending much of the day lingering below the $60,000 mark. The crypto market mirrored the upward movement seen in the S&P 500 and Nasdaq, which both rallied just before the closing bell. This newfound optimism is largely being credited to the Federal […]

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Will Ethereum price bottom at $1.6K?

Blackrock Dethrones Grayscale Becoming World’s Largest Digital Asset Manager 

August 21, 2024 Bitcoin.com

Asset Management

Five days ago, Arkham Intelligence revealed that Blackrock, the world’s largest fund manager, was on the brink of overtaking Grayscale in onchain asset value. As of Aug. 21, Blackrock has officially surpassed Grayscale, securing its position as the top digital asset manager in terms of onchain reserves. World’s Largest Fund Manager Just Surpassed Grayscale in […]

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Will Ethereum price bottom at $1.6K?

US Bitcoin ETFs on the Verge of Controlling 1 Million BTC

August 19, 2024 Bitcoin.com

Ark Invest

According to the latest data collected on Aug. 16, 2024, the 12 spot bitcoin exchange-traded funds (ETFs) collectively hold around 910,153.83 BTC, which translates to over $53 billion at the current exchange rates. Leading the pack is Blackrock’s IBIT, holding the largest portion with 38.34% of the total BTC. 12 Spot Bitcoin ETFs Close in […]

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Will Ethereum price bottom at $1.6K?

Meme Coins Lose Steam: $20 Billion Wiped From Market Since May

August 18, 2024 Bitcoin.com

bitcoin.com

During the first half of 2024, meme coins took the spotlight, captivating the crypto world with their quirky charm. However, the hype appears to be cooling off as we move into the latter part of the year. According to Google Trends, searches for “meme coins” have significantly decreased, and since May 21, the meme token […]

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Will Ethereum price bottom at $1.6K?

Top 10 Cryptos Today: Down Between 20% and 89% From All-Time Highs

August 16, 2024 Bitcoin.com

Binance Coin

In mid-August, bitcoin’s price dipped below $60,000, hitting a low of $56,646 per BTC on Thursday. Currently, BTC is hovering just above $58K, sitting at $58,267, which is about 20.2% lower than its all-time high (ATH) of $73,737 reached on March 14. While BTC has seen a 20.2% drop from its ATH, several other leading […]

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Will Ethereum price bottom at $1.6K?

Bitcoin Skyrockets Past $61K—Over $23M in Shorts Wiped Out 

August 13, 2024 Bitcoin.com

Bitcoin

On Tuesday, bitcoin’s price climbed to $61,600 after dipping below the $60,000 mark over the weekend. The leading cryptocurrency recorded a 2.9% increase against the U.S. dollar, boosting its seven-day gains to 6.9%. Crypto Chaos: Bitcoin Soars, Derivatives Traders Scramble After a brief dip below $60,000, bitcoin is back above that threshold, showing a modest […]

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Will Ethereum price bottom at $1.6K?

Bitcoin Reserves on Exchanges Hit 5-Year Low With $5.96B Withdrawn in 30 Days

August 11, 2024 Bitcoin.com

bitcoin reserves

According to data from cryptoquant.com, bitcoin reserves on centralized exchanges have plummeted to a level not seen since Nov. 19, 2018. The amount of bitcoin held by these digital trading platforms has been steadily declining since early June 2022. Bitcoin Exchange Reserves Dip to 2018 Levels Over the past month, starting from July 11, 2024, […]

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Will Ethereum price bottom at $1.6K?