Signs of recovery in Bitcoin just before the Fed decision

Signs of recovery in Bitcoin just before the Fed decision

Cryptocurrencies have been hit hard. For a while, cryptocurrencies, which have been dominated by the bear market, have lost more than 50 percent in value. The leading cryptocurrency Bitcoin suffered a sharp fall. Various reasons have put pressure on cryptocurrencies. With Rothschild Investment’s purchase of Grayscale Bitcoin Trust, the charts started to turn green.

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NFT digital collection sales hit $512 million over the past week

NFT digital collection sales hit $512 million over the past week

The cryptocurrency boom over the past few years has helped propel a newer market to record heights: digital collectibles known as NFTs. In fact, 2021 was a breakthrough year for NFTs, with total sales volume topping $14 billion as artists, investors, and entrepreneurs descend upon the nascent Web3 space.

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Even if Bitcoin pullback to below $60,000, the year-end target is $250,000

Even if Bitcoin pullback to below $60,000, the year-end target is $250,000

Bitcoin plunged below $60,000 after crypto markets hit record highs earlier in the week. Concerns about the strength of the market arose as the Bitcoin (BTC) price hit all-time highs, seeing a correction on October 22, briefly dropping below $60,000.

Even if Bitcoin pullback to below $60,000, the year-end target is $250,000 Read More
These 3 indicators started signaling just before the Bitcoin price surged

These 3 indicators started signaling just before the Bitcoin price surged

The rise of the Bitcoin (BTC) price to $48,200 on October 1 was associated with the September 30 statements of the US Federal Reserve chairman, Jerome Powell. When asked to clarify his comments on Central Bank Digital Currencies (CBDC), Powell confirmed that the Fed has no intention of banning cryptocurrencies.

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Awakening of the old Bitcoin address with a volume of $30M

Awakening of the old Bitcoin address with a volume of $30M

An old Bcoin address that has been inactive for nearly 9 years went into action last Sunday. All 616 BTC at the address were transferred to another wallet. The address contained 616,2004 BTC since December 12, 2012. In the meantime, it is worth noting that the price of BTC at that time was at the level of $ 13.30.

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