Bitcoin Is Thriving and Its Recent Price Surge Is a Testament to This
The price of bitcoin has experienced a steady rally in 2016: It has increased from $433 in January, surging past the $700 mark for the second time in late October. That marks a year-to-date increase of around 60 percent at today’s price, which seems to be settling down a bit at around $690 - $700 per bitcoin. Bitcoin’s price surge should not come as a....
Related News
Bitcoin price has continued its surge in the most recent rally that began last week and is close to ringing in the $600 milestone. The Bitstamp Price Index (BPI) struck a high of $585 today, continuing its strong surge that began during the last days of May. Having plateaued around the $450 mark for much of the past few weeks, BPI soared from $469.40 to $500.56 on May 28th, in a rally that started the day before and one which is now nearing toward $600. At the time of publishing, bitcoin was trading to the dollar at $584.52. Today’s high of $585 on the BPI rang in at 07:45 UTC. The last....
Solana (SOL) has witnessed an impressive resurgence, climbing to $25.46, marking a remarkable 10% rally in the past 24 hours. This surge is part of a broader trend, with SOL’s price experiencing a seven-day surge of 19.4%, further solidifying its position as one of the prominent players in the crypto sphere. Solana’s remarkable journey to its current valuation is a testament to its resilience, especially considering the tumultuous events it weathered nearly a year ago. In November, the cryptocurrency faced a severe setback due to the FTX implosion saga, which sent SOL....
Bitcoin price is booming but there’s still the same old argument that remains: “nobody uses the top cryptocurrency for actual transactions.” While the claim has long been solid due to the asset acting more so as a store of value, daily transaction volume has also been soaring, nearing a milestone $10 billion. Here’s a closer look at how the ecosystem is thriving , from miner revenues and much more, and how they all factor into the cryptocurrency’s […]
The price of Bitcoin surpassed the $820 mark on the afternoon of Dec. 21, spurring the interests of investors and traders around the world. Experts have laid out some of the reasons that may have led to the surge in price, including the yuan-to-Bitcoin correlation, exposure of bank corruption, increasing demonetization of cash and the restriction on physical assets. Thriving on economic and political turmoil. For the first time in over two years and ten months, Bitcoin has crossed the $800 mark. Analysts and experts have provided a variety of factors that could have acted as a catalyst for....
Ethereum (ETH) has become a beacon in the sea of blockchains, boasting a staggering 92% surge in dApp (decentralized application) volume over the past week. This news, however, comes with a layer of complexity, revealing a landscape of both opportunity and potential setbacks for the leading blockchain. Related Reading: 36% Explosion! ENS Coin Steals The Spotlight In The Crypto Market Cheap Gas Fuels The Fire Analysts attribute the dApp volume explosion to the Dencun upgrade in March, which significantly reduced gas fees – the cost associated with processing transactions on the Ethereum....