Cryptocurrency Market Cap Reaches Its Peak
After the total market value plummeted below $1 trillion, a long cry from the previously recorded $3 trillion, the cryptocurrency markets are presently performing in ways that have not been witnessed in the preceding two months. The current value of the global cryptocurrency market is $1.16 trillion. Several currencies’ trends, particularly those during the last […]
Glassnode: BTC and ETH derivatives gain despite crypto winter
A new Glassnode letter reveals a surge in the derivatives market and a more upbeat outlook among traders of bitcoin and Ethereum. Glassnode’s latest research reveals that there is considerable investor interest in trading BTC futures markets and hoarding their ETH bags, despite the fact that the bitcoin price has been trading sideways with a […]
European Central Bank prefers CBDCs to BTC for international payments
European Central Bank (ECB) wants to find the finest cross-border payment system because it serves the 19 eurozone countries. In a recent study on choosing the best cross-border payment method, the European Central Bank (ECB) declared central bank digital currencies (CBDCs) the winner over rivals including banking, Bitcoin (BTC), and stablecoins, among others. Given that […]
NYDIG study shows effect of regulation on BTC price
New York Digital Investment Group (NYDIG), a financial services company has quantified the impact of regulation on the global price of Bitcoin (BTC) in a recent study. Following regulatory developments affecting digital asset taxes, accounting, and payments, as well as determinations on the legitimacy of service providers and the digital assets themselves, NYDIG regularly examined […]
MicroStrategy add 480 BTC to its treasury
Following the purchase of 480 BTC by MicroStrategy, the business intelligence firm has increased Bitcoin holdings to 129,699 BTC at an average price of $30,644, in spite of the crypto bear market. In spite of recent setbacks, business analytics company MicroStrategy has increased its holdings of Bitcoin (BTC), reiterating CEO Michael Saylor’s strong perspective on […]