Bitcoin has experienced a price surge rising by, over 12.50% to surpass $64,000 on May 4th after dropping to a low of around $56,550 two months ago. This rebound comes in the context of the U.S. Federal Reserves decision to maintain interest rates until 2024. On May 4th Bitcoin was valued at $63,514. Briefly crossed the technical indicator of the 50 day exponential moving average (EMA). However it encountered resistance to $64,895, which corresponds to the 0.5 Fibonacci retracement level. Analysts are closely monitoring Bitcoins ability to sustain its momentum and challenge resistance levels w ..read more

An entity known as “Mr. 100” and linked to the Upbit exchange recently made a purchase of Bitcoin marking its acquisition of the cryptocurrency since the recent halving event. The purchase involved buying, than 4,100 bitcoins valued at around $242 million averaging at $58,000 per Bitcoin based on data from Bitinfocharts. This strategic move by “Mr. 100” came after a drop in Bitcoins price to $56,000. This latest purchase added to the entitys existing holdings of over 65,155 BTC positioning “Mr. 100” as the holder of Bitcoin. The current estimated value of the wallet is over $3.86 billion with ..read more

The price of Bitcoin has taken a dip in the week due, to various factors affecting investor sentiment and trading activity. Currently the digital currency is valued at $62,900 showing a decrease from its peak six weeks ago. On April 24 there was a development involving the arrest of the creators of Samourai Wallet by the U.S. Justice Department and other agencies. This privacy focused digital wallet, known for its coin mixing features faced charges related to money laundering and running a money transmitting business. Court documents revealed that Samourai Wallet processed over $4.5 million in ..read more

Bitcoin is, on the brink of entering a phase in its market cycle with predictions suggesting a surge to an impressive $300,000. As per an in depth analysis by a respected analyst the primary cryptocurrency is approaching a turning point historically linked to notable price increases. The analysis, conducted by a known figure on TradingView named Tradingshot with a following of over 72,000 enthusiasts uses the Mayer Multiple Mean (MM) to predict future price trends. The Mayer Multiple compares bitcoins price to its 200 day moving average. Recent insights from Tradingshot indicate that bitcoin n ..read more

Bitcoin, the cryptocurrency based on market value is presently experiencing a decrease, in interest for leveraged purchasing via its ongoing futures contracts. Data indicates that this level of interest has dropped to its point in over six months. At the time the Bitcoin futures funding rate, a measure showing the balance between long (buyers) and short (sellers) market positions has been subject to significant fluctuations influenced by past trends. The Bitcoin funding rate serves as a looking metric utilized by exchanges to manage leverage utilization within the marketplace. Its purpose is t ..read more

Ether (ETH) the primary token of the Ethereum blockchain faced a drop declining by 14.8% from $3,230, between April 13 and April 14. Has been trading below $3,300. Market trends suggest that whenever ETH approached the $3,000 threshold there was an uptick in buying activities providing some level of support. Despite these efforts Ethers price has struggled to surpass the $3,500 mark as traders look for an optimistic market outlook. Comparatively speaking Ethers price performance has been weaker than that of Bitcoin (BTC) which currently stands at $66,600. Analysts attribute this to Ethereum la ..read more

Bitcoin has seen a comeback in days achieving its highest daily close, in over 10 days and crossing the $65,000 mark on April 21. The digital currency experienced a rise starting at $64,346 and reaching an intraday peak of $66,527 the day. As of April 22 Bitcoins price was recorded at $65,910 showing a 1.7% increase within the 24 hours based on data. This upward trend reflects a 5% gain since the halving event that reduced miner rewards from 6.25 BTC per block to 3.125 BTC. This change has sparked speculation about where Bitcoins price may head Insights from Coinglass reveal that the funding r ..read more

Proof of Japan, INC. (POJ) produced a collaboration project with Holders of “Azuki” NFT, a globally popular NFT series, and Hyougu master (Japanese art mounting craftsman) Masahiro Inoue. Hyougu was introduced from China as a technique for preserving Buddhist scriptures, and later developed into a uniquely Japanese form with decorative features. It is a traditional craft that has been mainly used for hanging scrolls, folding screens, and sliding doors in the alcoves of Japanese-style rooms. Masahiro Inoue (Inoue), the third generation Hyougu master of Inoue Kogado, while works on traditional i ..read more

Dubai, April 17, 2024 – The 12th edition of the Blockchain Life Forum, known as the leading gathering for global cryptocurrency leaders, concluded with an impressive turnout of 10,162 attendees despite the unprecedented storm that happened in Dubai. Representatives of the crypto industry have always stood apart, largely due to their unique character and the nature of their activities. After all, they are pioneers. And the most massive flood in Dubai in the last century did not prevent 10,162 people from meeting at the long-awaited Blockchain Life 2024, even despite the postponement of the seco ..read more

On April 19 there was a twist, in the Bitcoin market as its price took a dip of 6% to hit $59,640 in the early hours. However it quickly bounced back. Settled above $64,500 by the end of the day. This recovery came before the anticipated Bitcoin halving event set for April 20 which typically attracts significant attention from various groups, including traditional media outlets and providers of spot Bitcoin exchange traded funds (ETFs). The surge in Bitcoins price seems to be driven by optimism surrounding the halving event. This event is known to spark interest in the market due to the expect ..read more