World’s biggest cryptocurrency Bitcoin slid as much as 3.78 per cent to $66,817 on Tuesday reflecting trader anxiety ahead of the US inflation data release and the Federal Reserve’s monetary policy decision. Bitcoin reached a record high of $73,798 in March, boosted by inflows into dedicated US exchange-traded funds. However, it has struggled to achieve … Read more
Bitcoin experienced a nearly 6 per cent decline on Wednesday, marking its the worst monthly performance since April 2022. This downturn occurred as investors withdrew funds from cryptocurrencies in anticipation of an interest rate decision from the Federal Reserve. April witnessed a substantial drop of almost 16% in the value of the most traded cryptocurrency … Read more
Bitcoin, the world’s leading cryptocurrency, underwent a programmed reduction in its new coin creation rate on April 19. This event, known as a “halving,” occurs roughly every four years and is designed to slow down the overall supply of Bitcoin as per CoinGecko. Following the halving, Bitcoin’s price remained relatively stable, experiencing a slight dip … Read more
Bitcoin, world’s foremost cryptocurrency in terms of value, surged to a two-year peak, crossing the $66,000 threshold. This surge came as a substantial influx of funds propelled it tantalizingly close to its all-time highs. Bitcoin surged to a peak of $66,319 during the session, marking a 6.4% increase to $66,254. At its current market value, … Read more