It wasn't pretty being a cryptocurrency investor in recent weeks. Almost all cryptos experienced major ups and downs, none more than once-reliable Eethereum. Ethereum, which is the second most-valuable crypto behind Bitcoin, crashed hard late last week to reach its lowest point in the past six months. It traded for...
Bitcoin continued its free fall on Monday as a result of the deteriorating crypto market. The leading cryptocurrency is trading for $23,639.30, which marks its lowest since December 2020. The past few months have been hard not only on Bitcoin but all other coins. Investors are steering clear from riskier...
On the surface, it looks like the crypto market is slowly returning to normal. Still, the recent activity of Bitcoin miners is telling us otherwise. Bitcoin miners are notorious for their "HODL" policy, which preaches on holding the mined coins and driving the price up. However, this became a risky...
Tech giant Meta is scaling down its involvement in the cryptocurrency world; at least for now. The parent company of Facebook, WhatsApp, and Instagram is pulling the plug on the crypto-focused digital wallet Novi. According to the statement on Novi's official website, the service will stop taking payments on July...
Michael Saylor made the headlines in the past two years as one of the biggest Bitcoin bulls out there. He was once again the talk of the financial world on Tuesday, but this time for a completely different reason. MicroStrategy, the company he founded in 1989, announced that Saylor...
Bitcoin, currently the world's largest cryptocurrency, reached new heights on Tuesday as it closed in on a figure of $50,000, thereby extending its already extensive rally. The cryptocurrency climbed by a significant margin of 3.6% in Asian trading to a value of $49,913. Bitcoin's impressive ascent this year is largely...
Software firm MicroStrategy doesn’t plan to back down from its strategy of hoarding Bitcoin anytime soon. In a recent filing with the U.S. Securities and Exchange Commission, the company said it plans to sell $750 million in stock and use the money to buy more Bitcoin.  MicroStrategy will issue and...
In the longest rally since its inception, Bitcoin passed the $52,000 mark for the first time in its history. The cryptocurrency was hovering at around $52,100 in Asian Trading on Thursday; marking yet another high during its fivefold surge this year. The largest existing cryptocurrency, Bitcoin's surge was spurred on...
Bitcoin, the world’s most valuable cryptocurrency, saw a sharp decline in price on Wednesday. It was down 6%, hitting the lowest mark since February. After hovering around $60K on Tuesday, Bitcoin’s price slipped to $57,129.30 on Wednesday morning. This has been a result of a major sell-off by crypto investors,...