The crypto market experienced a solid crash during the weekend. The price of Bitcoin sank below the psychological level of €50,000 and even went as low as €38,000 on some exchanges. Ethereum, the second-largest cryptocurrency by market cap, has also suffered significantly. Its price tanked below the psychological level of €4,000 and dropped to €...
Last week, the bears dominated the market. Because of the selling pressure, on Friday, November 26th, the price of Bitcoin even dropped below the psychological level of €50,000 and reached approximately €47,000 during the weekend. According to Alternative.me, the Fear and Greed Index fell to 27 on Sunday. Now, it stands at the level of 33 – stil...
During the past week, the short-term market sentiment started to change from bullish to bearish. The price of Bitcoin has dropped from approximately €57,000 to €51,000. Ethereum, the second-biggest cryptocurrency by market cap, has recorded a decent price pullback as well: its price has dropped below the psychological level of €4,000 to approxim...
On November 14th, the long-awaited Bitcoin Taproot soft fork took place. This Bitcoin network upgrade is supposed to improve transaction efficiency, increase privacy and optimize scalability by reducing transaction size: Source: Twitter Many experts view the Taproot upgrade as the biggest one since the activation of Segregated Witness (SegWit) ...
One of the main events of this past week was the U.S. Fed announcement of the beginning of the Quantitative Easing (QE) tapering. On Wednesday, November 3rd, the central bank decided to reduce the monthly amount of buying assets by $15 billion at its monetary policy meeting: Source: Twitter QE, a process of injecting liquidity by the Fed or - a...
The last week of October was full of exciting news and events. The week started with the MasterCard announcement about their partnership with Bakkt to enable MasterCard partners to offer consumers use cryptocurrency via custodial wallets: Source: Twitter On the next day, according to Tesla's quarterly report, information that the company may re...
Proshares Bitcoin Strategy ETF was officially launched on Tuesday, October 19th, and it started trading on the New York Stock Exchange (NYSE). The ticker of the first Bitcoin-linked ETF in the U.S. on NYSE is BITO: Source: Twitter This long-awaited event has marked the beginning of the Bitcoin ETFs era. VanEck, a global investment manager, has ...
In the middle of last week, speculations about the potential launch of Bitcoin ETFs spread in the crypto community. First, most crypto-related forums and social media platforms published a copy of the pre-approval notice of Valkyrie Bitcoin Strategy ETF by Nasdaq: Source: Twitter Second, asset manager ProShares filed an updated prospectus of it...
On Monday, October 4th, Facebook, the most popular social network globally, went down. The outage continued for hours, and millions of users remained without access to the Facebook services. Source: Twitter The crypto community took advantage of Facebook's weakness and praised Bitcoin by underlining that Bitcoin is never down: Source: Twitter ...
This past week the positive news dominated the crypto market. On Tuesday, September 28th, the president of El Salvador Nayib Bukele mentioned that the country was preparing to launch the first Bitcoin mining facility using volcanic energy: Source: Twitter Three days later, on October 1st, Bukele tweeted that they had already started mining Bit...