Bitcoin Surges Past $70,000, Nearing ATH Amidst Crypto Frenzy
Bitcoin (BTC) reached $70,000 on Monday, marking its highest level in over a month, fueled by a surge in spot buying and spot BTC exchange-traded fund (ETF) purchasing.
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Bitcoin Soars to Highest Price Since Halving Event
Bitcoin’s price has surged to its highest level since the halving on April 19, reaching $67,422 before a slight pullback, driven by a combination of factors including new investor demand and geopolitical turmoil.
Mike Novogratz Predicts Crypto Consolidation Ahead of Q2 Bounce
Mike Novogratz, CEO of Galaxy Digital, expects cryptocurrencies like Bitcoin to consolidate between $55,000 and $75,000 over the next month before potentially bouncing higher towards the end of Q2, citing a “consolidation phase” in the crypto markets.
Solana’s NFT Boom Amid Declining DEX Volumes: SOL Impact
Solana has experienced a surge in NFT trading volumes, outpacing Bitcoin and Ethereum, while decentralized exchange (DEX) volumes on the network continue to decline, potentially affecting the market performance of SOL, the native cryptocurrency.
Major Cryptocurrency Prices Today
The cryptocurrency market witnessed a bearish downturn, with Bitcoin (BTC) dropping below $62,000 and Ethereum (ETH) extending below $3,000. While major altcoins like Solana (SOL) also plunged, XRP and Cardano (ADA) defied the trend with slight gains.
AI Fuels Crypto Rally as Nvidia Soars Ahead of Earnings
AI-focused cryptocurrencies and Nvidia’s shares have surged, propelling a crypto market recovery amid growing excitement surrounding artificial intelligence advancements and the company’s upcoming earnings report.
Bitcoin Idles Near $63K Ahead of Hong Kong Crypto ETF Debut
Bitcoin (BTC) is trading around $63,000, showing muted anticipation for the upcoming debut of Hong Kong’s spot cryptocurrency exchange-traded funds (ETFs). Despite the lack of excitement, an executive from one of the issuers expects the first-day issuance to surpass the U.S. debut in January.
Massive $1.3B USDC Transfer Fuels Bitcoin & Ethereum Buy Speculation
A massive $1.3 billion USD Coin (USDC) transfer from whale addresses to the Coinbase cryptocurrency exchange is being viewed by analysts as a potential “giant buy signal” for Bitcoin and Ethereum, sparking speculation of significant capital deployment into these leading cryptocurrencies.
Dogecoin Plunges Over 6% Amid Bitcoin’s Price Decline
Dogecoin (DOGE), the leading meme coin, has experienced a sharp decline of over 6% in the last 24 hours, attributed to the price movement of Bitcoin. As the flagship cryptocurrency dropped from over $66,000 to below $64,000, altcoins like DOGE are known to follow a similar downtrend.
Dormant Bitcoin Wallets Hold $121 Billion
A recent report by Fortune, citing data from Chainalysis, reveals that approximately 1.8 million Bitcoin (worth $121 billion) is stored in wallets that have been inactive for more than a decade, accounting for 8.5% of Bitcoin’s circulating supply.