Tag: crypto

Countdown To 500,000: MicroStrategy’s Aggressive Bitcoin Strategy Continues With $1 Billion Purchase

MicroStrategy, the enterprise software company based in Tysons Corner, Virginia, has made headlines once again on Monday by purchasing Bitcoin (BTC) for the twelfth consecutive week.  This latest acquisition saw the company spend approximately $1.1 billion on the market’s leading cryptocurrency from January 21 to January 26, as disclosed in a recent filing with the…

New Ethereum Addresses Hit 200K: What’s Behind The Massive Spike?

Ethereum adoption is soaring, with the network just passing a critical milestone that has analysts forecasting a price recovery. On January 24th and 25th, Ethereum experienced a rise in daily active addresses, exceeding 200,000—a number not seen since October 2022. This huge increase reflects the network’s increased engagement and importance in decentralized finance (DeFi) and…

Pectra Upgrade On The Horizon: Ethereum Set For Significant Changes In Mid-March

Despite facing considerable price challenges, Ethereum (ETH) remains resilient, with vital developments continuing to unfold within its ecosystem. Among the most anticipated advancements is the upcoming Pectra Upgrade, expected to roll out in mid-March.  This upgrade is being hailed as the largest in Ethereum’s history, marked by the introduction of numerous Ethereum Improvement Proposals (EIPs)…

Bitcoin Correction Alert: Arthur Hayes Warns Of Drop To $75K

The price performance of Bitcoin is drawing the attention of market experts. Arthur Hayes, co-founder of BitMEX, is sounding the alarm bell on the coin’s trajectory. Hayes recently warned of a possible drop to $70,000–$75,000 in the near future. This prediction comes amid global economic instability and changing market conditions. A Potential Mini Financial Crisis…

Bitcoin’s Latest ATH: Is The Top Finally In Or Just Getting Started?

In the past months, Bitcoin has broken multiple resistance levels to achieve consistent all-time highs each month. So far, the asset’s latest all-time high sits above $109,000 marking a more than 150% increase in year-over-year performance. Amid this price performance, CryptoQuant analyst Gaah has recently nearing a peak. Bitcoin: Is The Top In? According to…

Ethereum’s Price Stalls Below $3,500 as Leverage Ratios Climb—What Next?

Ethereum has been consolidating in a tight price range for several months, trading between $3,200 and $3,500. Despite the broader market’s recent upward movement, ETH still struggles to break out of this range. This stagnation comes after a prolonged decline from its all-time high of $4,800, recorded in late 2021. The cryptocurrency is now down…

Bitcoin Realized Cap Hits $832 Billion Milestone As $100K Inflows Begin To Slow

Despite the low rate of capital inflows, Bitcoin has managed to surpass the market’s expectations by reaching an all-time high. The Realized Capitalization of Bitcoin reached an all-time high of $832 billion on Wednesday, demonstrating the confidence of investors and the fortitude of the asset, according to market insights from Glassnode. What Is Realized Cap And…