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The Rise and Fall: Analyzing This Week's $1.4 Trillion Crypto Market The crypto economy has reached a staggering valuation of $1.4 trillion, with a trading volume of $85.36 billion in the past 24 hours as of Saturday. Bitcoin (BTC) experienced a 6.5% increase, while ethereum (ETH) saw an 11.8% surge in the preceding week. However, […]

Bitcoin Price and Trading Volume Bitcoin's trading value on Sunday morning Eastern Time (ET) is slightly above $37,000 per unit, reaching a peak of $37,294 for the day. However, there has been a slight dip in BTC trading volume over the weekend compared to the previous weekday. The total trading volume in the crypto economy

Charlie Munger Compares Bitcoin to a 'Stink Ball' Among Traditional Currencies Charlie Munger, the vice chairman of Berkshire Hathaway and Warren Buffett's right-hand man, has expressed his concerns about the rising price of bitcoin. According to Munger, the cryptocurrency is like a "stink ball" when compared to traditional currencies. He believes that by introducing an

JPMorgan's Analysis on the Unlikelihood of US Crypto Regulation Easing JPMorgan, a prominent global investment bank, has issued a warning to investors, stating that the regulations surrounding cryptocurrencies in the United States are unlikely to ease. This caution comes despite recent court defeats suffered by the Securities and Exchange Commission (SEC) in cases involving crypto

The Surge in Transaction Costs Over the past three weeks, the transaction costs for bitcoin (BTC) and ethereum (ETH) have experienced a sharp increase. Just three days ago, the cost of transferring bitcoin reached a peak of $15 per transaction. Similarly, the average fee for ethereum transactions has soared by 219% from $2.08 to $6.64

UBS Group AG Expands Offerings in Hong Kong UBS Group AG, a leading Swiss financial services giant, has recently announced that it will be providing wealthy clients in Hong Kong with the opportunity to trade three crypto exchange-traded funds (ETFs). This move comes as UBS aims to meet the growing demand for digital assets among

Introduction Renowned author Robert Kiyosaki, best known for his book Rich Dad Poor Dad, has recently provided a comprehensive breakdown of Rich Dad's first lesson. This lesson emphasizes the significance of preserving tangible assets, such as gold, silver, and bitcoin, to achieve lifelong financial security and freedom. In this article, we will delve into Kiyosaki's

Bitcoin as a Commodity Currency and Store of Value Fidelity's director of global macro, Jurrien Timmer, believes that bitcoin has the potential to become an exponential gold. In his view, bitcoin is a commodity currency that aims to be both a store of value and a hedge against monetary debasement. Timmer compares bitcoin to gold,

Introduction Bitcoin Magazine and Nitrobetting.eu have teamed up to present a thrilling new contest called "The Bitcoin Halving Challenge." This innovative competition provides participants with a unique opportunity to showcase their Bitcoin market prediction skills and potentially win a share of 1 Bitcoin. The Contest Details The registration for the contest opened on November 1,

Bitcoin Price Analysis In trading on Friday, November 3, 2023, Bitcoin (BTC) experienced a decline of 3.3%, dropping to $34,195. The trading volume during the last 24 hours was $20.79 billion. The relative strength index (RSI) reading of 70 suggests that Bitcoin is approaching overbought levels, while the Stochastic oscillator of 86 indicates the possibility