The Resilience of Gold Last night, gold futures came within touching distance of $2,000, reaching $1,998.60 before closing at $1,994.40. This impressive move towards the key psychological level occurred despite the strength of the US dollar throughout the day. The short-term strength of both gold and the US dollar can be attributed to safe haven […]
Gold’s Not Going Anywhere, No Matter What Happens Next Read More »
The Growing Potential of Bitcoin Bitcoin (BTC), the leading cryptocurrency in terms of market cap, has been gaining significant attention in the digital currency realm, showcasing its strength and market dominance. Currently, its value is hovering just below the $34,000 mark. A recent report from finder.com, titled "Bitcoin to Hit $87,000 by 2025," sheds light
Bitcoin Price Prediction: Experts Anticipate BTC to Reach $87,000 by 2025 Read More »
Nigeria Contemplates Outlawing Forex Parallel Market A Nigerian official recently announced plans to expand the official currency market to include "legitimate" participants such as bureaux de change and financial technology companies. The goal is to address the country's foreign exchange shortage. In addition, Finance Minister Wale Edun revealed that Nigeria is expecting $10 billion in
Nigeria Plans to Include Fintechs in Broadened Official Currency Market Read More »
Bitcoin Falls Below $35,000 Level Bitcoin experienced a brief surge above the $35,000 level on Wednesday but has since retreated below this mark. Despite the decline, the cryptocurrency continues to trade close to an 18-month high on Thursday. During yesterday's session, BTC/USD reached a high of $35,133.76, but it dropped to an intraday low of
Bitcoin Dominance Surges to 54% in 2023 Recent data reveals a surge in bitcoin's dominance in the cryptocurrency market, reaching levels not seen since February 2021. Currently, bitcoin (BTC) constitutes approximately 54% of the total cryptocurrency market value, with ethereum (ETH) trailing at just above 17%. Bitcoin's dominance has seen a significant increase this year,
Bitcoin’s Dominance Reaches New Heights with Over 50% Market Share Read More »
Ricardo Salinas' Bold Recommendation In a recent interview with Bitcoin Magazine, Ricardo Salinas, the honorary chairman of TV Azteca and a prominent Mexican billionaire, made an impassioned case for investing in Bitcoin and rejecting traditional financial systems. Salinas, recognized by the Atlas Society for his pro-individualism and free-market philosophies, stressed the importance of safeguarding wealth
Mexican Billionaire Urges: Invest in Bitcoin, Ditch Bonds, and Guard Against Inflation Read More »
XRP Gains Momentum, Reaches Highest Point in Over a Month XRP, formerly known as ripple, experienced a significant surge on Tuesday, marking its fourth consecutive day of gains. The overall sentiment in the crypto market has been mostly bullish, with the global crypto market cap rising by nearly 10%. Bitcoin, the leading cryptocurrency, is also
XRP and Cardano Surge as Crypto Market Reaches New Highs Read More »
The Rise of Bitcoin On October 24, 2023, bitcoin (BTC) experienced a robust 13% surge during the early morning trading hours, Eastern Time (ET). This rise catapulted bitcoin's value to $35,108 per unit, propelling the entire cryptocurrency market upwards by over 10%. Impressive Gains Across the Market As the market soared, traders who had placed
Bitcoin Surges 13%, Wiping Out $323 Million in Short Positions Read More »
According to a recent report by blockchain forensics firm Chainalysis, North America remains the largest cryptocurrency market in the world, despite ongoing regulatory uncertainty. The report also highlights a decline in stablecoin-related activity and decentralized finance (defi) usage in the region. Institutional Crypto Activity Drives North America's Market Chainalysis reveals that between July 2022 and
North America Continues to Lead in Crypto Market Despite Regulatory Uncertainty Read More »
Sam Bankman-Fried Prepares to Plead His Case Directly to Jury Former FTX chief, Sam Bankman-Fried, is set to testify in his ongoing trial, according to his defense lawyer, Mark Cohen. Following testimonies from several witnesses who have spoken against him in recent weeks, Bankman-Fried has decided to make his case directly to the jury. Defense
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