Latest News and Updates
PlanB: “Bitcoin is gaining strength and will soon cost $60,000”
A cryptocurrency analyst under the pseudonym PlanB commented on the recent drawdown of the first cryptocurrency: he believes that Bitcoin is simply gaining strength in order to then reach $60,000.
Cryptocurrency trading volume exceeded $36 trillion in 2023
According to the annual report of the CoinGecko platform, cryptocurrency trading volume reached $36.6 trillion in 2023, significantly increasing after the collapse of the FTX crypto exchange in November 2022.
BTC Map: The number of merchants accepting Bitcoin soars by 174%
The number of shops, cafes, bars, and other points of sale of goods and services accepting payments in bitcoins increased by 174% over the year. This is evidenced by data from the analytical portal BTC Map.
Trading volume of Bitcoin spot ETF shares reached $4.5 billion on the first day
Yesterday, several spot exchange-traded funds for Bitcoin were launched. On the first day, the total volume of shares traded in these ETFs amounted to $4.5 billion, while the stock price fell noticeably.
BTC will soar to $200,000 in 2025
With the potential approval of a Bitcoin ETF in the US, Standard Chartered analysts expect the first cryptocurrency to show unprecedented growth and reach $200,000 in 2025.
The market is ready to start trading Bitcoin ETFs immediately after SEC approval
Bloomberg reports that in the next few days the SEC will hold the final round of approving applications for the launch of Bitcoin ETFs, which will allow crypto market participants to begin trading the asset.
There remains a small chance of refusal to launch spot Bitcoin ETFs
Bloomberg ETF analyst Eric Balchunas believes that, although small, there is still a chance that the US Securities and Exchange Commission (SEC) will refuse to launch spot Bitcoin ETFs.
Ethereum Price Analysis On-Chain Indicators Suggest 2-3x Gains in the Offing
Despite an impressive fourth quarter, Ethereum’s price attempted and failed to rally beyond the resistance level of around $2,340 in December, but the bulls are in good shape to push high in the near term.
Cryptocurrency hedge funds expect crypto market growth in 2024
Bloomberg, citing the heads of several cryptocurrency hedge funds, reports that such funds expect significant growth in altcoins and large tokens next year.
The future of money is here – and it’s crypto
Coinbase CEO Brian Armstrong called cryptocurrencies the future of money, which is already here as the popularity of digital assets grows around the world, regardless of the position of governments.