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Tag: Bitcoin

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
News

Bitcoin hits new all-time high, reaches $82,171

Bitcoin surged to a new high on Monday, climbing 3.6% to $82,171, following Donald Trump’s election win. This increase came just after the cryptocurrency surpassed $80,000 on Sunday, marking a new milestone, according to CNBC. Other cryptocurrencies saw gains as well, with ether rising 1.7% to around $3,202, having already topped $3,000 over the weekend. […]

Europe’s largest asset manager warns against US stablecoin boom
News

Bitcoin hits $80,000 as crypto traders react to Trump victory

Cryptocurrencies continued their rally on Sunday, with Bitcoin reaching $80,000 for the first time. The price of Bitcoin rose by 4.5%, reaching $79,800.19, according to Coin Metrics. Ether increased by 3%, surpassing $3,000 on Saturday, and was last priced at $3,203.10. Smaller coins experienced even larger gains as investors responded to the potential implications of […]

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
News

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions

Bitcoin, the leading cryptocurrency, fell sharply to $60,000 yesterday in response to intense missile strikes by Iran on Israel. Reports indicated that Iran launched over 400 missiles into Israeli territory, marking a significant escalation in ongoing regional tensions. This attack was reportedly in retaliation for Israel’s earlier actions against key militant leaders and recent assaults […]

Bitcoin demand hits two-year high Argentina amid local currency crash
Crypto

Nigeria ranks second in Bitcoin interest globally

Nigeria holds the second-highest global interest in Bitcoin, only behind El Salvador, according to Google Trends data. The country remains the leading Bitcoin adopter in Africa, with substantial interest in digital assets like Bitcoin and Ethereum, as highlighted by a recent CoinGecko study. Nigeria is expected to dominate the cryptocurrency market share in Africa, accounting […]

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
Crypto

Bitcoin dips below $60,000 amid market downturn

The leading cryptocurrency, Bitcoin has fallen to $60,661 following a broad market downturn that has left most assets in the red. This decline has also seen the total market capitalization of the cryptocurrency sector drop by a substantial $70 billion. Bitcoin initially sank below $60,000 for the first time in several weeks but later recovered […]

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
News

Bitcoin surges to $66,000 amid global IT outage

In a dramatic recovery, Bitcoin has bounced back from weeks of persistent selling pressure, skyrocketing to $66,000 from a low of $53,500 on July 5. This resurgence comes at a time when major institutions worldwide grapple with a significant Information Technology downtime affecting Microsoft’s cloud computing services. Despite the global IT outage wreaking havoc across […]

US SEC approves ETFs to track Bitcoin
Crypto

Bitcoin drops below $57,000 as US Fed delays rate cuts

Bitcoin fell to a two-month low of $57,000 on Thursday, following the release of minutes from the US Federal Reserve’s June meeting, showing that the central bank is not yet ready to decrease interest rates, according to CNBC. Bitcoin lost 5% in 24 hours to $56,837, going below the $57,000 level for the first time […]

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
Crypto

Crypto declines as Bitcoin falls to $61K

Alex Omenye The cryptocurrency market is reeling from increasing losses following its second-worst weekly decrease of 2024. This downturn is driven by declining demand for Bitcoin exchange-traded funds, uncertainty regarding the U.S. Federal Reserve’s monetary policy, and a general lack of interest in digital assets. This marks the sharpest decline since April. Bitcoin’s price has […]

US Banks JP Morgan, Wells Fargo unveils first Bitcoin investment
News

US Banks JP Morgan, Wells Fargo unveils first Bitcoin investment

Two major banks in the United States, JP Morgan, and Wells Fargo, have made headlines by announcing their investment in Spot Bitcoin Exchange Traded Funds, marking a significant shift towards cryptocurrency adoption within traditional financial institutions. This move comes at a time when the price of Bitcoin continues to fluctuate around $60,000. According to reports […]

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
Crypto

Bitcoin completes 1bn trading volume

Alex Omenye The Bitcoin Network has achieved a momentous milestone by processing its one billionth transaction, marking a significant event in its 15-year history. As reported by CoinTelegraph, the milestone transaction, numbered 1,000,000,000, was confirmed in block 842,241 at 9:34 pm UTC on May 5, according to data from bitcoin user Clark Moody’s dashboard. This […]

US seizes servers, $1M in Bitcoin from Russian ransomware gang
News

One in five Nigerians trust Bitcoin than banks – Report

One in five Nigerian consumers are using Bitcoin for daily transactions, with 67% expressing more trust in Bitcoin than traditional services like banks, local governments, and cash for safeguarding their life savings, a new research published by Elastos, specialists in Web3 infrastructure, revealed. The inaugural BIT Index (Bitcoin; Innovation & Trust) collected data from over […]

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