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2024-03-04 22:55:00 Bitcoin market capitalization hits new all-time high after more than two years

The market capitalization of the world's foremost cryptocurrency, Bitcoin, has reached a new all-time high in U.S. dollar terms. Bitcoin's previous market capitalization peak was in November 2021, when it topped ~$1.302 trillion. It afterward declined to ~$297.309 billion a year later, in November 2022, before increasing to new heights today. A cryptocurrency's market capitalization is derived from multiplying the total number of coins or tokens in supply by the current spot price of a single coin or token.

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2024-03-04 12:20:00 Bitcoin price climbs above $64,000 briefly, BTC futures open interest hits all-time high

The price of bitcoin rose above the $64,000 mark at one stage on Monday morning in Asia, swinging around 7% away from the cryptocurrency’s all-time high set in November 2021, according to The Block’s Price Page. As of 9:30 a.m. Hong Kong time, the world’s largest cryptocurrency by market cap, traded at around $63,500, rising 3.4% in the last 24 hours. The GMCI 30 Index, measuring the performance of the top 30 cryptocurrencies, was at 137.39, up 2.21% in 24 hours.

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2024-03-03 23:35:26 “Bitcoin is Becoming an Alternative Global Currency”: Bloomberg Strategist

Bitcoin, the world’s most prominent digital asset, is steadily “becoming an alternative currency on a global basis”, according to Bloomberg strategist Mike McGlone. In a series of recent analyses, McGlone has highlighted key factors contributing to bitcoin’s surge towards the $70,000 mark, while also shedding light on its growing acceptance and role in the global financial landscape.

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2024-03-03 10:58:54 Join the Top Telegram Crypto News Channel: Cryptocurrency Inside!

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2024-03-03 10:45:11 Grayscale CEO says there is ‘insatiable demand’ for spot Bitcoin ETFs

Grayscale CEO Michael Sonnenshein said the financial industry has “never seen such insatiable demand for an ETF wrapper” as it has seen with Bitcoin ETFs. Sonnenshein made the statement during a CNBC interview on March 1, where he shared his insights about the performance of spot Bitcoin ETFs and the market’s response to their recent launch.

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2024-03-02 21:40:59 Russia's FATF Rating Downgraded Over Crypto Regulation Shortfalls

The Financial Action Task Force (FATF) has lowered Russia’s rating owing to insufficient oversight of cryptocurrencies, as indicated by regional coverage. According to RBC, this downgrade highlights escalating worries about the country’s capacity to oversee and mitigate dubious transactions within the rapidly expanding realm of digital finance.

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2024-03-01 18:40:03 Craig Wright claims coincidence in timing of spoofed emails as DNS records altered yesterday

The highly contentious COPA vs. Wright trial took a dramatic turn today as Craig Wright faced accusations of manipulating key evidence to support his claim of being Bitcoin’s pseudonymous creator, Satoshi Nakamoto. Reporting via the court live stream, CryptoSlate tuned in to hear Wright’s testimony in what is likely to be his final appearance. The day’s proceedings focused on emails allegedly sent between Wright and his former legal firm, Ontier LLP. These emails are pivotal in proving or debunking Wright’s longstanding assertion of Satoshi Nakamoto’s identity.

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2024-02-29 21:35:00 Crypto Miners Still Selling Their Bitcoin as Reward Halving Looms, Blockchain Data Show

The number of bitcoin (BTC) held by crypto miners has dropped to the lowest level since July 2021 as they run down their coin stashes ahead of the programmed halving of the revenue earned per block. Data tracked by Glassnode shows the estimated number of BTC held in wallets tied to miners fell by 8,426 BTC ($530 million) since the start of the year to 1,812,482 BTC.

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2024-02-29 13:02:05 Spot Bitcoin ETF volumes shatter record with massive $7.7B traded

United States spot Bitcoin exchange-traded funds (ETFs) have set a new record for daily trading volumes — beating the previous tally by over one and a half times. The ten ETFs saw $7.69 billion in volume on Feb. 28, per data posted to X by Bloomberg ETF analyst James Seyffart. The previous record was $4.66 billion in volume seen on the fund’s Jan. 11 launch day. BlackRock’s iShares Bitcoin ETF (IBIT) took up 43.5% of the total — seeing $3.35 billion in trading volume and doubling its previous daily record.

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2024-02-28 22:55:00 The Bitcoin all-time high in an inflation-adjusted world is $77,000

The inflationary scenario the economy has been grappling with since 2021 has prompted a fresh look at Bitcoin’s performance. The true gravity of inflation’s impact on the digital asset market can be seen when adjusting Bitcoin’s all-time high of approximately $69,420 in November 2021 to a CPI inflation-adjusted figure. The calculation, based on CPI metrics, reveals a striking reality: for Bitcoin to truly reclaim its zenith, it would need to reach closer to a value of $77,000, according to data provided by the US Bureau of Labour Statistics.

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