In Latin America, Argentina is at the forefront of cryptocurrency use. In a report titled “Argentina Crypto Capital,” published by Lemon, a prominent exchange in the nation, it is stated that Argentines use four out of ten cryptocurrency apps in Latin America, and that over 70% of deposits made on the exchange are made using … Read more
Over the past month, Bitcoin’s value has increased remarkably, and at the beginning of this week, it crossed the $57,000 mark for the first time since November 2021. The surge in value of bitcoin has prompted the creation of derivatives based on the cryptocurrency, leading to an unprecedented level of open interest in bitcoin futures … 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
Since January 28, 2024, the number of daily transactions on the Bitcoin network has significantly decreased, peaking at over 600,000 and now hovering around 300,000 per day. This decline coincides with a reduction in the number of Ordinal inscriptions created each day, which eases congestion and lowers onchain costs overall. Bitcoin Network Activity Slows as … 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
Michael Saylor, executive chairman of Microstrategy, has provided an explanation of why bitcoin has emerged as “the world’s most popular investment asset.” He pointed out that the cryptocurrency has “found its footing and now people are beginning to realize that there’s 10 times as much demand for bitcoin coming in through these ETFs as there … 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
The world of cryptocurrency investment products saw a significant shift last week, with spot bitcoin exchange-traded funds (ETFs) emerging as the market leaders. These funds drew $1.1 billion in inflows, which is the largest amount of assets under management (AUM) since early 2022, according to a recent Coinshares report. Spot Bitcoin ETFs are king with … Read more