After crashing under $50,000 earlier this week, Bitcoin (BTC) is struggling to make a move northward. The world’s largest cryptocurrency has lost its trillion-dollar status and continues to remain under pressure. At press time, Bitcoin is trading at a price of $49,023 with a market cap of $924 billion. This happens as Bitcoin inflows at
The ongoing market bloodbath in the Crypto-industry has left many wondering how some of the highest losers, which includes Bitcoin, will survive going forward. Usually, a bear market is perceived as a regular phase for digital currencies, but since Bitcoin largely benefitted from Tesla’s support, there are valid reasons to question Bitcoin’s stability going forward. […]
Bitcoin is a free market for exponential, digital monetary technology. It has attracted interest from all manner of investors ranging from the individual,...
On Thursday, the Bitcoin (BTC) price went crashing under $50,000 levels after Tesla announced that it’s dropping Bitcoin (BTC) payments against its car purchases. Bitcoin has lost its trillion-dollar status and continues to remain under pressure. However, there have been some positive shifts taking place in Bitcoin’s on-chain metrics despite this price crash. The Bitcoin
A wall of capital is being relocated into altcoins while Bitcoin (BTC) trades sideways, says blockchain analytics firm Glassnode. In their latest newsletter, Glassnode says that altcoins, led by Ethereum (ETH), are benefiting from Bitcoin’s lack of action and sucking in huge amounts of money. The widely-followed analytics firm says that Bitcoin’s on-chain data is […]
In 8 short months DeFi has attracted in excess of $100B into smart contracts. These contracts express both traditional financial schemes and entirely...