Search Results for: Bitcoin
Bitcoin’s recent rise above $62,000 is an important breakthrough, as the cryptocurrency has been consolidating near the $60,000 mark for a while.
Bhutan’s Bitcoin didn’t come from regular purchases, but from mining. Local reports show that the country started mining Bitcoin back in April 2019, when the price was much lower—around $5,000 per coin.
Bitcoin’s market share hits 58%, cementing its crypto dominance
September 17, 2024 at 11:51 GMTOne major factor behind this rise is the decline of altcoins. Ethereum, the second-largest cryptocurrency, has seen its market share fall sharply.
Cryptocurrency market struggles: Bitcoin and major coins see price declines
September 6, 2024 at 11:55 GMTOther major cryptocurrencies have also seen significant price drops. Ethereum ($ETH), the second-largest cryptocurrency by market value, is down 2.23%. Solana ($SOL) has fallen by 2.82%, and XRP by 2.19%.
Bitcoin’s value has dropped by 10% since discussions around rate cuts began. This decline suggested that the market is not seeing the benefits that many had expected.
Bitwise purchases Osprey Bitcoin Trust, offering investors a new path
August 28, 2024 at 12:04 GMTOsprey’s OBTC has been around since February 2021 and was originally designed to compete with the Grayscale Bitcoin Trust (GBTC).
Bitcoin leads the crypto market, hitting 40-month high in dominance
August 23, 2024 at 10:36 GMTBitcoin’s increasing dominance began in late 2022, primarily driven by speculation around a spot Bitcoin exchange-traded fund (ETF).
Mt. Gox transfers $75M in Bitcoin to Bitstamp as repayment process accelerates
August 22, 2024 at 16:29 GMTThe recent transfer of 1,264.69 BTC from Mt. Gox’s cold wallet to Bitstamp is a key part of this repayment process.
VanEck estimates that by 2027, if 20% of Bitcoin miners’ computing power is used for AI projects, it could generate a net present value of $38 billion.
The BlackRock iShares Bitcoin ETF, trading under the ticker "IBIT", led the way, attracting $157.6 million.
