Search Results for: Bitcoin

Bitcoin’s dominance in the market has increased to 65%, a level last achieved during the bull run of 2021.

According to data from CoinDesk Indices, Bitcoin is now outperforming other large cryptocurrencies, including those in the CoinDesk 20 (CD20) index, which rose by 9.6% in the same period.

In total, the company has spent 5.965 billion yen (around $40.32 million) on its Bitcoin portfolio, at an average price of ¥9.33 million ($62,906) per $BTC.

The IMF has proposed a few changes: tightening regulations on Bitcoin use, increasing oversight of the cryptocurrency, and reducing the public sector’s exposure to Bitcoin. 

One of the major reasons for Tron’s success is its position in the stablecoin market. Tron is currently the second-largest blockchain for stablecoins, holding a 34.8% share of the global market. 

The outflows from both Bitcoin and Ethereum ETFs come at a time of increased global uncertainty as tensions rise in the Middle East.

Since earlier this year, Metaplanet has been steadily adding to its Bitcoin reserves, showing that it believes in Bitcoin’s long-term potential, regardless of short-term market conditions.

Wrapped Bitcoin tokens like cbBTC allow users to use Bitcoin in decentralised finance (DeFi) applications.

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.