Tag: Bitcoin/USD Coin Statistics
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Bitcoin (BTC) climbs to $28,000 as traders shrug at regulatory crackdown
Bitcoin is up 50% so far in 2023, beating major commodity and stock indices. Industry insiders said the bank’s collapse has sent investors looking for alternatives to the traditional banking system and a slowdown in rate hikes is also anticipated, helping bitcoin. Filip Radwański | Sopa Images | Rocket | Getty Images Bitcoin rallied on […]
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Insiders say BTC could test new highs in 2023
Bitcoin is up nearly 70% so far this year — and industry insiders who spoke to CNBC remain optimistic, with one saying the world’s largest cryptocurrency could reach new heights. Marshall Beard, chief strategy officer at US-based cryptocurrency exchange Gemini, said $100,000 could be an opportunity for bitcoin. Part of the industry’s positive view of […]
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Bitcoin is up 60% year to date as investors rediscover its appeal as an alternative banking system
Cryptocurrencies took a beating this week as bank stocks plummeted and the global liquidity crisis rocked the stock market. For the week ending March 17, bitcoin finished up 34%, making it the cryptocurrency’s best week since January 2021 — marking the beginning of the institution-led bull run that year. Coin Metrics measures a week in […]
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Signature, SVB, Silvergate Failures: Effects on the Crypto Sector
Silvergate and Signature were the top two banks for crypto companies, while Silicon Valley Bank had many crypto startups and VCs as clients. The failure of the crypto banking trifecta rippled into the stablecoin market this weekend. By Sunday evening, when the FBI stepped in to stop deposits at Signature and SVB, cryptocurrencies were accumulating […]
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The price of Bitcoin (BTC) is rising as the crypto market gains $84 billion in value
Bitcoin was up 11% to $24,655.94 around 3:36 a.m. ET, while ether was up more than 8% to $1,684.59, according to CoinDesk. The value of the entire cryptocurrency market increased by more than $84.8 billion in the 24 hours prior to 3:39 a.m. ET. Crypto markets were tense earlier this week following a move in […]