On Monday, the value of Bitcoin surged to a peak of $57,055, rising 10.1% in a single day to bring its market worth to $1.10 trillion. Bitcoin’s value in relation to the US dollar hasn’t increased to these levels since Nov. 22, 2021, which was 12 days after the cryptocurrency’s $69,000 peak. The Bitcoin Rally … Read more
The government formed a working group to draft crypto rules because of concerns that Kenya lacks a framework for regulating the cryptocurrency industry. The nation’s authorities in East Africa are optimistic that the legislation that have been passed will name a single regulatory agency to supervise the cryptocurrency sector. Kenyan Financial System Is Threatened by … Read more
As the cryptocurrency market experiences ups and downs, the price of bitcoin on February 21, 2024, is a reflection of the intricate interactions between several market factors. With prices fluctuating between $50,820 and $52,902 over the course of a day, the top cryptocurrency is still seeing a lot of trading activity. With a market valuation … Read more
According to pricing data from February 19, 2024, there has been a period of consolidation in the price of bitcoin following its recent peak of approximately $52,884. Technical data indicates that the top cryptocurrency asset is still rising and could be ready for another increase in value following this period of sideways trade. Charts with … Read more
Welcome to Latam Insights, a summary of the most important cryptocurrency and economic news from Latin America during the past week. In this edition: Bitso’s research identifies Latam as a bitcoin region, Mexican billionaire Ricardo Salinas Pliego advises investors on bitcoin investments, and Honduras forbids financial institutions from handling cryptocurrencies. Mexican Billionaire Ricardo Salinas Offers … Read more
Many market observers and cryptocurrency fans are interested in knowing if there will be a brief drop in price before to the upcoming fourth halving event of the Bitcoin network. In the past, the value of bitcoin has increased six to seven months before reward halvings, but there has also always been a notable decline … Read more
The nine recently launched spot bitcoin exchange-traded funds (ETFs) have amassed an astounding 264,232.74 bitcoin in just 37 days, which, at current exchange rates, is worth $13.5 billion. With 115,989.80 bitcoins in its holdings, Blackrock’s IBIT ETF leads the field and possesses a sizable 43% of the total. Nine New ETFs Secure $13.5B in Bitcoin, … Read more
On February 14, 2024, the price trajectory of Bitcoin demonstrates a strong positive trend, with the cryptocurrency hitting a 24-hour high of $51,814. The digital asset has increased significantly in the middle of a consolidating market; it has increased by 21% over the last month and by 3% today. Bitcoin After hitting intraday highs, the … Read more
The next Bitcoin difficulty retarget, which is set for February 15, 2024, is expected to signal a significant upturn in the network. According to current estimates, there would be a projected difficulty jump ranging from 8.45% to 9.2%, which would be the biggest increase in 2024 so far. Bitcoin Challenges Are Expected to Rise Sharply … Read more
Bitso, a cryptocurrency exchange established in Mexico and operating in multiple Latin American nations, has disclosed the trends that its user base adhered to in 2023. The CEO of Bitso Argentina, Julian Colombo, said that although Bitcoin remained the most widely used cryptocurrency in the area, Argentines possessed roughly five times as many stablecoins as … Read more