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The crypto market is in the bullish zone led by the two largest cryptocurrencies, Bitcoin and Ethereum. The leading cryptocurrencies have hit new all-time highs in the last 24 hours, and this has caused a ripple effect in the market.  Bitcoin And Ethereum Hit All-time Highs Bitcoin has continued to make rapid gains in recent weeks, buoyed by recent institutional adoption. In the past two weeks, the leading cryptocurrency has made 30% gains from $38k and recently crossed the $50k…

Bitcoin (BTC) rapid rise in 2021 has been remarkable, with the leading coin hitting a new all-time high on Friday. According to the latest stats, Bitcoin is worth more than the two largest banks in America combined.  Bitcoin Market Cap Nears $900 billion. Bitcoin’s price has rebounded in the past few days after initially trading around the $42k mark on Monday. Buoyed by the news of institutional purchases of BTC, the price pumped to $48,000 on Thursday. A quiet push…

Tesla's $1.5 billion purchase of Bitcoin (BTC) on Monday blew the leading cryptocurrency price. The FOMO is in full swing, to the point that the big exchanges are struggling to meet up with the demand for bitcoins.  Bitcoin Price Surges to $48,000 Tesla's purchase of bitcoins yesterday surprised the entire market as it was unexpected. However, its effect on the market was expected as the price of bitcoin began an upward rise. Within a few hours, Bitcoin had blown past its…

The rise of Bitcoin and cryptocurrencies in the past decade has revolutionized the finance sector. However, key regulators continue to doubt the long-lasting effects of cryptocurrencies in mainstream finance. This opinion is reiterated by the Bank of England Governor Andrew Bailey. Cryptocurrency Models Cannot Stand the Test of Time Bailey made these statements at the Davos Agenda, a summit for top financial stakeholders sponsored by the World Economic Forum. The bank chief stated that he does not believe that cryptocurrencies'…

Bitcoin addresses holding figures above 1,000 BTC hit a new all-time high this year, adding another 164 new whales, representing $6 billion worth of the flagship cryptocurrency. According to Glassnode, a blockchain data and intelligence provider,  there are almost 2,440 bitcoin whales with above 1,000 BTC in their wallets by press time. In November, the figure was slightly below 2,000. Because of the network’s pseudonymity, it’s simple for a whale to create multiple addresses to spread its holdings. It is…

Bitcoin (BTC) price has been fairly stable this week, hovering within the $34k to $38k region. This relative period of stability has resulted in different analysis on the next price levels for the leading coin. Despite this, institutions continue to accumulate BTC, with Grayscale adding $600 million worth of BTC to its portfolio. Bitcoin market cap down by 5% Bitcoin has experienced a slight dip in the past 24 hours, losing 5% of its market cap during this period.  BTC…

Stephen Harper, the former Prime Minister of Canada, has expressed a favorable opinion on popular cryptocurrency Bitcoin (BTC).  He believes that Bitcoin could integrate the currency reserves of global countries in the future. Bitcoin a viable alternative to the US Dollar Stephen Harper shared his views in an interview during the Vancouver Resource Investment Conference. Harper spoke of Bitcoin in the context of a weakening US dollar (USD), which is the most important reserve currency for large economies. The former…

The volume of Bitcoin on exchanges has doubled as the largest cryptocurrency recently crossed above $40,000. This suggests that more traders are looking to sell their assets as the price continues to hit record levels. Bitcoin Trading Volume At Its Highest Point The euphoria that has surrounded the Bitcoin market since December has been remarkable. The leading coin has continued to surpass all expectations, and more mainstream traders have started buying the coin. Exchanges have been the biggest gainers as…

Bitcoin liquidity has reduced in recent weeks following the bullish rise of the leading currency. This phenomenon can be linked to the growing number of institutions that have purchased BTC in recent months. Bitcoin (BTC) Is Experiencing a Liquidity Crisis According to a recent report from analytical firm Glassnode, Bitcoin liquidity has plunged in recent months. That is to say, the availability of buying and selling assets has reduced according to on-chain data. As shown in the graph above, the…