El Salvador is the first country that recognised Bitcoin as legal tender. Bitcoin City has been recognised as a sustainable and highly efficient project. El Salvador is building the new city in the country’s East, with clean energy entirely sourced from nearby volcanoes. El Salvador
Key Takeaways The Bitcoin hash rate is the amount of computing power contributed towards mining It has continued to take new all-time highs This squeezes miners’ profitability, at a time when electricity costs have risen and the Bitcoin price has fallen Overall, a high hash
Key Takeaways The cryptocurrency market cap is back above $1 trillion following the biggest surge in 9 months Half a billion dollars of short sales were liquidated over the weekend, the most in three months Bitcoin is back above $21,000, Ethereum above $1,500, while altcoins
At press time, bitcoin (BTC) was trading at $21,507.97. Bitcoin price has surpassed where it stood on November 5 just prior to the FTX collapse. It now stands at its highest price since mid-September last year. 2022 was definitely not a very good year for
JPMorgan CEO Jamie Dimon previously slammed Bitcoin as a “Ponzi scheme”. On Thursday, he told CNBC’s Squawk Box that crypto is a decentralised Ponzi scheme and that Bitcoin is just “hyped-up fraud.” Dimon says people have lost billions of dollars and believes regulators should have
Coinjournal’s Dan Ashmore says numerous factors, including inflation and rate hikes, have affected the prices of most cryptocurrencies. He told CNBC that Bitcoin’s recovery would depend on numerous macro events affecting the market. Bitcoin and the broader crypto market have lost more than 65% of
Bitcoin hit highs of $23,342 on Binance, with a breakout above $22k extending year-to-date gains. BTC price is up 30% in a month and has recovered 47% since the decline to $15,500 lows. Short liquidations were around $376 million in the past 24 hours. Bitcoin
Key Takeaways Crypto has risen to start the year off the back of expectations that interest rates may be cut sooner than anticipated This contrasts with the view that crypto is uncorrelated, proving it false Assessing the price action of crypto through the pandemic and