After a year of growth, Bitcoin topped $100,000, marking a new chapter in the cryptocurrency market. Trading View data shows Bitcoin crossed this psychological barrier on Dec. 5 mere weeks after topping $90,000 on Nov. 12. Bitcoin also reached $104,000 at 3:08 a.m. UTC after breaking $100,000. Net flows into US spot Bitcoin exchange-traded funds have reached $31 billion, and Bitcoin’s fourth halving in April has tightened supply. Republican Donald Trump has gained the US presidency, the state has boosted Bitcoin’s strategic reserve, and MicroStrategy’s Michael Saylor has led a surge of corporate Bitcoin adoptions that have raised Bitcoin’s price.…
Author: Hoorab Malik
Hoorab Malik
Freelance article writer Hoorab Malik has extensive expertise. Onedaybitcoin and Coinetech are his main areas of interest. His enthusiasm for blockchain technology could be described as “enthusiastic.” She has been researching and writing about his thoughts in the media for a while now, keeping up with developments in the crypto and blockchain space. Not only is Hoorab Malik an accomplished writer, but he also has a good grasp of search engine optimization and digital marketing. With the help of clients in the banking and technology sectors, she hopes to become a successful digital content creator by creating catchy slogans and interesting articles. She has recently taken a job writing articles and news for Onedaybitcoin.com.
The second-largest cryptocurrency in terms of market capitalization – Ethereum (ETH) – is on the brink of a momentous bullish indicator often referred to as a “Golden Cross.” Precise technology, when the average of moving 50 days (MA) pierces through, exceeding the 200-day MA, brings about sudden price rallies in assets mostly. The experts’ opinion is that this sort of construction can allow Ethereum Price Increase to walk a journey of the skyrocketed price of up to 200%, thus probably setting fresh records. Understanding the Golden Cross A Golden Cross happens when a short-term moving average crosses above the long-term…
The cryptocurrency community is buzzing over which projects may airdrop next, especially if they follow Hyperliquid’s lead. Airdrops are widely utilized on cryptocurrency networks to send tokens to community members and develop user engagement programs, usually rewarding early adopters, examiners, and community members. As the business matures, analysts have identified six promising Hyperliquid-style airdrop initiatives. This article discusses these projects’ features, why they might be the most popular, and their distinctiveness. Sei Network A Blockchain for Trading Sei Network L1 blockchain, which is the best option for both DEXs and trading applications, has become the blockchain that analysts are most…
The crypto market became aware of a startling discovery as a prominent on-chain data form of technology indicated that Bitcoin exchange reserves have gone down to the lowest levels in years. The current situation has made investors, analysts, and enthusiasts sit up and notice, that it may have severe consequences for Bitcoin’s price and the whole market dynamics. The decrease in the amount of exchange reserves shows a divergence in the investors’ posture, and this gives rise to the question of whether the future direction of Bitcoin will be positive or negative. Bitcoin Exchange Reserves Bitcoin exchange reserves are the…
Bitcoin’s recent price rise to nearly $96,000 has divided the cryptocurrency community with the Bitcoin whales being the main object of the criticism. These big investors who hold enormous amounts of Bitcoin’s total supply are the ones who are often perceived as the movers of the market, but their recent actions show that they are uncertain and hesitant. Although Bitcoin’s price has soared in the last period, whales are sticking to “wait-and-see” mode while they consider the market’s durability and also are possible gains. The Current State of the Market Bitcoin’s price rise has been difficult. Recently, the price has…
The cryptocurrency sector is distinguished by its instability and uncertainty, and Bitcoin, the leading cryptocurrency, is no different. Nonetheless, the first week of December 2024 has shown particular obstacles that may interfere with Bitcoin’s potential to be a star. Here are the chief factors that may make this week not ideal for Bitcoin, even though it has a bright future. The Impact of Recent ETF Launches While the introduction of Bitcoin Exchange-Traded Funds (ETFs) in 2024 was expected to boost the cryptocurrency’s popularity, the initial excitement seems to ebb. These ETFs have been generally mixed in their performance, resulting in…
The first-ever cryptocurrency, Bitcoin, just keeps on dropping lately, thus the crypto investors/traders are worried about its future. Despite the sharp market drop of Bitcoin, the Bitcoin derivatives market remains resolutely optimistic. The objective of this paper is to explore why Bitcoin derivatives are still performing well and the mechanics of Bitcoin’s volatility of prices. Recent Decline in Bitcoin’s Price In 2024, Bitcoin’s price has gone through several swings, the most recent of which being a sharp drop in the previous three weeks. Following its early-year peak, Bitcoin saw a precipitous decline, temporarily dropping below the crucial $30,000 level. Since…
Bitcoin has renewed its position as a strong player in 2024 by climbing back to a fantastic $97,000, notwithstanding a contraction in market share. This comeback stresses that the oldest and most powerful digital currency still has an unwavering place in the fintech sector, even if other coins are constantly being introduced. The changing environment, acceptance of institutional participants, and positive macroeconomic conditions have all played their part in this recovery, thus cementing Bitcoin’s place as a major player in the digital asset landscape. The Course to Growth Market Share The road to $97,000 was no bowl of cherries. Bitcoin…
In 2024, Bitcoin retains the spotlight, but not for the reason its fans would wish it to. Cryptocurrency, the concept of which was to help the poor and decouple wealth from the elites, has now surged to a record high. Such a stance has been welcomed by institutional investors and those who have remained invested in the past with all their money pulled out; still, the rapid price increase has become an obstacle to many retail investors, who are having difficulty getting into the market. Bitcoin’s Price Rise and Impact Initially, Bitcoin could be bought for a few dollars, but…
Bitcoin (BTC), the initial cryptocurrency, is now receiving much support from predictions from analysts who expect it to reach a new price level of $110,000 by the beginning of 2025. Such a forecast is based on a combination of market liquidity, technical analysis, and macroeconomic factors that will jump BTC’s scale in the future. The Role of Liquidity in Bitcoin’s Surge The Bitcoin Liquidity Index, which is a main indicator showing the availability of BTC in the market, is extremely important in the forecast of pricing movements. The halving of liquidity is caused by the decreasing exchange reserves and growing…