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After tumbling 65% in 2022, Bitcoin (BTC -1.27%) has been a monumental winner this year. The world’s leading digital asset has skyrocketed about 160% in 2023, a gain that beats the stock market’s gains by a huge margin. As of this writing, this top cryptocurrency’s price sits at about $43,700. However, I believe there’s a
As the year ends, Bitcoin (BTC) maintains a robust position, trading comfortably above the $40,000 support zone after lingering in a consolidated phase for the part of 2023. This upward trend is primarily fueled by anticipation surrounding the potential approval of a spot exchange-traded fund (ETF). Looking ahead to the new year, Bitcoin’s performance will
2023 is winding down, and we saw a big year of cleanup within the cryptocurrency space and a lot of regulatory focus both in the U.S. and around the globe. We are on the precipice of an exciting 2024 with a lot of news, activity and anticipation of spot bitcoin ETF approvals and potentially large
Bitcoin (BTC) miners enjoy windfall profits as transaction fees spiked to the highest since April 2021 due to rising Ordinals inscriptions. The average price of transactions on the Bitcoin blockchain surged over $37 Sunday, a level last seen in April 2021, at the height of the bull market peak, data by BitInfoCharts shows, up from
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The Shiba Inu (SHIB) ecosystem is riding high at the moment as it continues to celebrate several significant milestones. The latest of them happens to be the meme coin being listed by a prominent and leading crypto exchange in Japan. Coincheck Lists Shiba Inu In a press release, Japanese crypto exchange Coincheck announced that it
Bitcoin’s price cooled at $41,800, down 4% this week and on track to snap the first eight-week streak of gains since 2017. Investors moved a net $860 million of BTC to exchanges, signaling profit-taking, IntoTheBlock noted. BTC to hit $75,000 early 2024 as U.S. spot bitcoin ETF approval and halving narratives combine, WOO Network predicted.
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Bitcoin (BTC) fell early Monday, validating the caution signaled by the options market last week. The 4% drop to $42,000 has cooled the overheated crypto perpetual futures market, clearing the way for a steady ascent into the year-end. Perpetuals are futures with no expiry with a funding rate mechanism that helps tether perpetual prices to
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As Bangladesh and India on Tuesday launched trading in the rupee, Bangladesh Bank Governor Abdur Rouf Talukder said they are in the process of starting a taka-rupee dual-currency card by December. dt-ad “We are in the process of making our own national card (debit card). We are expecting to launch it by September. We are
Most of the new Central Bank Digital Currencies (CBDCs) will emerge in the retail space, where eleven central banks could join peers in the Bahamas, the Eastern Caribbean, Jamaica and Nigeria which already run live digital retail currencies, the BIS found in its survey of 86 central banks conducted late 2022. On the wholesale side,
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The BRICS countries could soon launch a viable alternative to the U.S. dollar, Russia confirmed this week. What Happened: Brazil, Russia, India, China and South Africa, a coalition of nations going by the moniker BRICS, is set to introduce a new currency backed by gold, Russian English news channel RT reported. An official announcement in
Gold has been a popular investment for centuries, especially during times of economic turmoil. However, buying gold can seem daunting, especially if you’re a first-time investor. If you’ve chosen to purchase physical gold in the form of gold bars and coins, you have no lack of options to choose from. Fortunately, keeping some key things
EthiopiaCredit: iStock 03 Ethiopia There is much historical evidence supporting the fact that Ethiopia is one of the oldest nations in the world. Humans existed in Ethiopia millions of years ago thanks to skeletal fragments found in the nation. Also, it is one of those very few African nations that could never be colonised. San
The central bank’s move is aimed at implementing a unified and market-driven exchange rate regime, putting an end to multiple exchange rate mechanisms to alleviate pressure on the country’s forex reserves and fulfilling one of the IMF’s conditions to qualify for a $4.7 billion loan package approved in January. However, the interbank rate is still
After the successful deployment of the Shapella upgrade that enabled staking withdrawals, the Ethereum (ETH) development team is preparing for the launch of the Dencun upgrade, expected in late 2023, which promises to bring lots of new updates and could even lead to an ETH price hike. Specifically, ‘Dencun’ is a joint term for two
Although Ethereum (ETH) has been struggling to regain the psychological threshold of $2,000 despite the recent positive momentum on the wider cryptocurrency market, its outlook might not look as bearish by the year’s turn if BlockchainCenter’s rainbow price chart for Ethereum is any indicator. Specifically, some crypto traders and investors use Ethereum’s rainbow chart to
