Browsing: Cryptocurrency

While the correction from its all-time high was a jolt to the market, the subsequent recovery and current indicators suggest resilience in the face of volatility.

“The demand for 1GBP has exponentially grown among our customers as its business model guarantees that it will always maintain a stable value and facilitate seamless transactions,” states Sam Buxton, CEO of Damex.

After reaching a new all-time high (ATH) of $72,709, the BTC price fell more than 3%, dropping below $70,000 shortly after the U.S. Consumer Price Index (CPI) report was released Tuesday morning.

Bitcoin has surged 14% in the past week, climbing from $63,814.08 on March 6, 2024, to an impressive $72,738.19 by March 12, 2024.

On March 7, 2024, daily revenue for Bitcoin miners peaked at $78.6 million, eclipsing the previous high of $77.3 million recorded on April 14, 2021.

This milestone underscores a significant shift in the investment landscape, with Bitcoin and other digital assets increasingly being embraced by mainstream financial institutions.

“AxHKD is poised to play a pivotal role in weaving the Hong Kong Dollar into the fabric of the Web3 ecosystem, driving innovation and financial inclusion,” states Conflux Founder, Fan Long.

Quigley remarked on Bitcoin’s unique position as a sentiment-driven asset, devoid of traditional valuation metrics, making it a magnet for speculative interest.

John cautions against over-leverage and unrealistic expectations, predicting a possible correction to the mid-$40k range.

Ryan Lee, Chief Analyst at Bitget Research, predicts a stable trajectory for ETH, with no significant downturns expected before May.