Among the top 50 tokens by market capitalization, merely six altcoins have surpassed Bitcoin (BTC) performance this year, as Bitcoin dominance surged to a three-year peak over the weekend. Leading the pack is Dogecoin (DOGE), a memecoin, boasting a remarkable year-to-date surge of over 77%. Its price escalated from $0.09 on January 1st to $0.15 at present, according to TradingView data. Other standout performers include fellow memecoin Shiba Inu (SHIB), Bitcoin smart contract network Stacks (STX), Binance’s BNB, Ethereum layer-2 network Mantle (MNT), and GPU-sharing blockchain network Render ..read more

Ether (ETH) has been on a downward trajectory, currently priced at $3,072, after experiencing a rally at the start of the year that began to taper off in mid-March. Despite gaining approximately 48% against Bitcoin (BTC) since January 1st, ETH has trailed behind BTC, which has seen a 57% increase in their respective USD pairs year-to-date. Several factors contribute to ETH’s recent underperformance against BTC. Firstly, over the last 30 days, Ether has declined by 13.5%, while BTC’s price dropped only 4%. Other major layer 1 tokens like BNB and SOL have surged 15.5% and 16%, respectively, duri ..read more

Switzerland leads Europe in integrating digital currencies into traditional banking systems, allowing residents to pay taxes and even buy coffee with crypto. This shift reflects a global sentiment: adapt to digital assets or risk obsolescence. Europe, spearheaded by Switzerland, is at the forefront, with regulations like MiCAR set to standardize crypto assets by 2025. According to Ilya Volkov of the Crypto Valley Association, Europe’s regulatory framework positions it as a leader in this space. The recent Web3 Banking Symposium in Geneva brought together stakeholders to discuss the adoption of ..read more

The dawn of 2024 has seen most cryptocurrencies riding a wave of success. Dive into Europe’s crypto adoption trends and see where the enthusiasm is highest. Cryptocurrency, the talk of the financial town. Estimates from TripleA, a cryptocurrency payment gateway, suggest that Europe boasts around 31 million digital asset users. Leading the charge is Asia with 263 million users, trailed by North America with 57 million, and Africa with 38 million. However, within Europe, the enthusiasm varies greatly depending on the country. As per Chainalysis’ 2023 Global Crypto Adoption Index, Eastern Europea ..read more

In a span of 24 hours, the collective value of the cryptocurrency market surged by 5%, reaching a staggering $2.44 trillion. The leading cryptocurrency, renowned for its market dominance, continued its upward trajectory, breaching the $65,000 mark in early Asian trading on Monday. This surge was primarily fueled by institutional investors driving up cryptocurrency prices. According to the CoinDesk Bitcoin Price Index (XBX), Bitcoin peaked at $65,563.25 in the early hours of Monday, marking a significant milestone. While the current value of $65,000 falls approximately 5% below Bitcoin’s all-ti ..read more

Crypto investments are on the rise, driving up the price of the original currency. Major investors’ growing interest is propelling the world’s leading cryptocurrency to new highs. Bitcoin has surged by 10% in just two days, reaching over $56,000 (€51,606) per coin, marking its highest value since November 2021. The CoinDesk Bitcoin Price Index (XBX) peaked at $56,940.18 (€52,472.08) within the past 24 hours before settling around $56,500 (€52,660) by Tuesday morning in Europe. A significant catalyst for this surge was the announcement from MicroStrategy, a prominent software firm and crypto in ..read more

OKX, a cryptocurrency exchange, has informed its Indian clients that it will cease operations in the country due to regulatory concerns. Clients are required to close all positions by the end of April and withdraw their funds accordingly, as per a notice obtained by CoinDesk. The notice specifies the closure of margin positions, perpetuals, futures, and options, with only fund withdrawals permitted after April 30. This decision comes in response to India’s regulatory framework for digital asset service providers, established in March 2023. Exchanges operating in India must register with the Fi ..read more

Ten US spot-Bitcoin exchange-traded funds recently experienced their most significant three-day outflow since their launch in January. This marks a reversal from the previous fervor for exposure, which had propelled the token to an all-time high. Between Monday and Wednesday, a total of $742 million exited the ETFs, reflecting withdrawals from the Grayscale Bitcoin Trust and a slowdown in subscriptions for competing offerings from companies like BlackRock Inc. and Fidelity Investments. Despite this recent outflow, the funds have still attracted a net inflow of $11.4 billion overall, according ..read more

In 2023, the cryptocurrency market showcased robust performance, and the momentum persists into the current year. On March 14, Bitcoin (BTC), the leading cryptocurrency, achieved an unprecedented peak at 73,750.07. However, within a span of less than a week, it experienced a decline of over 17.5%, settling at $66,982.84 by March 21. The rally regained steam on March 21, with Bitcoin surging over 7% following the Federal Reserve’s commitment to three interest rate cuts of 25 basis points each throughout 2024. A climate of low interest rates favors sectors characterized by high growth potential ..read more

In 2024, Bitcoin has spearheaded the cryptocurrency frenzy, impressing the financial world with its remarkable performance. Its price surge shows no signs of abating, fueled by increasing inflows from exchange-traded funds (ETFs) and the impending halving, promising a bright future for the digital currency. With a staggering number of investors joining the Bitcoin bandwagon, boasting over 50 million wallets holding a nonzero balance, the introduction of Bitcoin ETFs is expected to further escalate participation. In the landscape of 2024, Bitcoin is viewed more as a lucrative investment opportu ..read more