Bitcoin

According to billionaire Warren Buffett, Bitcoin is merely a “gambling token” with no inherent value. This statement suggests that cryptocurrency is not a wise investment choice.

The current situation shows that the trading volumes for Bitcoin in spot markets are not as strong as expected, which may pose a risk to the bullish market outlook for BTC. This is a matter of concern for professionals in the industry.

Argentina has given its approval for the first-ever Bitcoin futures offering in the Latin American region. This move has raised questions about whether regulators are beginning to soften their stance toward cryptocurrency.

Burger King will accept cryptocurrency payments at its restaurants through power bank machines, with payment services provided by Binance and Alchemy.

The Federal Reserve’s interest rate decision has caused excitement in the financial market, with Bitcoin investors closely watching to see how it will impact BTC’s price, which has been turbulent over the past year, and the impact of the rate hike on Bitcoin’s price depends on market perception and the broader economic environment.

Bitcoin’s trading volumes are increasing in an uptrend alongside a rise in its price, while on-chain data shows the blockchain’s activity is picking up with daily transactions reaching an early 2021 high, suggesting a bullish trend, even as investors look to it as a safe haven amidst concerns of an impending financial crisis.

Bitcoin surges over 28% in a week as the ongoing banking crisis and potential Federal Reserve interest rate increase drive investors towards alternative assets, with many seeking Bitcoin as a safe haven against traditional financial institutions.

Bitcoin network sees a surge in new wallet adoption, on-chain proxies for demand are trending positively, and most of the indicators monitored by Glassnode’s “Recovering from a Bitcoin Bear” dashboard are flashing green, which historically is a strong bullish sign for the market.

There was a record-breaking amount of money taken out of digital asset investment products, which totaled $255 million. This is the highest weekly outflow ever seen in the digital asset investment industry, and it represents 1% of the total assets under management that left the space.

Despite recent banking turmoil with US bank stocks battered, crypto prices have been soaring, with Bitcoin bouncing back above $20,000, likely due to reassurance provided by the FDIC’s move to sell SVB assets and a reversal of net inflows onto exchanges suggesting a potential end to the recent sell-off period, while the SHA-256 hash rate is the highest it has ever been, indicating increased network adoption and security.