Financial Insights That Matter Nayib Bukele, the President of El Salvador, said this Saturday that the countryâs only pet hospital will close. The hospital was created with surplus funds from the countryâs Bitcoin trust. The Chivo Pets hospital is being shut down after a case of negligence. The dogs were mistreated and abandoned in a […]
Financial Insights That Matter Led by President Nayib Bukele, El Salvador apparently has no intention of stopping its accumulation of bitcoin (BTC) no matter what the IMF demands. “‘This all stops in April.’ ‘This all stops in June.’ ‘This all stops in December.’ No, itâs not stopping,” Bukele posted on X on Tuesday afternoon. “If […]
Financial Insights That Matter The bull market for Bitcoin BTC/USD is far from over, according to crypto analyst MichaĂ«l van de Poppe. What Happened: Despite the recent correction of the cryptocurrency to the $80,000 range, van de Poppe foresees a significant rally for Bitcoin. Van de Poppe anticipates that Bitcoin could reach up to $250,000 […]
Financial Insights That Matter Bitcoinâs new addresses drop, signaling lower on-chain activity. Market cap remains strong despite declining network fundamentals. Bitcoin price fluctuates amid rising long and short liquidations. Bitcoinâs on-chain activity is experiencing a decline, as seen in the recent drop in the monthly average of new Bitcoin addresses. This trend has raised concerns […]
Financial Insights That Matter Cryptocurrency markets are trading lower despite bullish catalysts, including rising institutional investment and Texasâ Strategic Bitcoin Reserve proposal. Cryptocurrency Price Gains +/- Bitcoin BTC/USD $94,100.04 -1.8% Ethereum ETH/USD $2,637.93 -3.7% Solana SOL/USD $166.02 -7.3% XRP XRP/USD $2.51 -5.5% Dogecoin DOGE/USD $0.2472 -4.3% Shiba Inu Shib / USD $0.00001511 -3.6% Notable Statistics: […]
Financial Insights That Matter Weeks after hitting an all-time high above $109,000, Bitcoinâs price remains under pressure. It is currently trading below the $100,000 mark, an 11.4% decrease from its peak. The crypto assetâs recent trajectory has raised questions about its next move as it trades within a relatively tight range. According to CryptoQuant analyst […]
Financial Insights That Matter Tldr: Bitcoin has dropped 11.4% from its recent all-time high of $109,000 and is currently trading below $100,000, with the price at $96,265 The Choppiness Index shows market instability with readings of 62 (daily) and 72 (weekly), suggesting upcoming volatility Key support levels are identified at $92,000 (Short Term Holders Cost […]
Financial Insights That Matter 2024 has been a great year for Bitcoin, with the cryptocurrency market reaching new heights. In late 2024, Bitcoin hit the $100K mark, creating a wave of excitement across the crypto industry. Over the past year, the market has grown by an impressive 85.8%. Right now, Bitcoin is priced at $96,160.29. […]
Financial Insights That Matter Bitcoin whipsawed after a hacker took control of the SECâs X account early last year to falsely announce the approval of spot Bitcoin ETFs. The man behind the hack has pleaded guilty just four months after his arrest. It could have been an ill-advised prank or an attempt to manipulate crypto […]
Financial Insights That Matter Mike McGlone, Bloombergâs senior commodity strategist, has taken to his social media account to share part of the recent Bloomberg Intelligence report regarding the current market stance of Bitcoin and gold. He believes that gold may begin to gain against the digital gold â Bitcoin â soon, stating that BTC may […]