Bitcoin Short-Term Supply Reaches All-Time Low
The short-term supply of Bitcoin has reached an all-time low, according to data. Bitcoin short- term supply reaches all- time low. This could indicate that, despite the coin’s recent climb to $57k, investors are hesitant to sell at this point. Bitcoin Short-Term Supply Records All-Time Lows According to the most recent Arcane Research weekly report, […]
Bitcoin Back to $64K?, Why Are The Bulls Winning This Time?
Bitcoin is still trading in a range in the lower timeframes, currently at $54,277. The first cryptocurrency by market cap gains almost nothing on a daily basis, but a massive 23.9% on a weekly basis. Bitcoin back to $64k? why are the bulls winning this time? The market’s general sentiment has shifted bullish; as investors […]
US Bank to Offer Bitcoin Custody Service for Institutional Clients
As more institutions race to meet clients’ demand for cryptocurrencies, US Bank, the fifth-largest retail bank in the United States, is launching a crypto custody service available to fund managers. US Bank to offer Bitcoin custody service for institutional clients. Potential Room For Several of Coins According to CNBC; US Bank has partnered with New […]
Daily Crypto News- Crypto transactions in Asia have increased 706% as institutional usage expands – Chainalysis
https://crypto-labs.s3.amazonaws.com/2021/10/News-Oct-5th.mp3Podcast: EmbedCrypto transactions in Asia have increased 706% as institutional usage expands – Chainalysis Emerging markets in Central and Southern Asia have seen a significant increase in crypto transactions; revealing a varied variety of incentives among locals for getting exposure to digital assets as an example Bitcoin (BTC) and Ethereum(ETH). According to new statistics from […]
TA: Bitcoin Turns Green; Why BTC May Soon Exceed $50,000
Bitcoin’s price began a rapid rise above $45,000 against the US dollar. BTC is currently encountering resistance near $50,000, but it may continue to rise. Bitcoin increased its momentum above the $45,500 and $47,500 resistance levels. The price is currently trading above $47,000 and above the 100 hourly simple moving average. On the hourly chart […]
Elon Musk Speaks amidst Crypto Crackdown, “Govts can’t destroy crypto, but…,”
While China has definitively cracked down on crypto, Tesla CEOs have stated that governments cannot destroy crypto. He did, however, warn that governments could stymie the growth of Bitcoin and other digital currencies. CNBC quoted Musk as saying during a recent tech event in California. “It is not possible to, I think, destroy crypto, but […]
Daily Crypto News- According to a survey, 50% of Africans invest in cryptocurrency to pay for their children’s education
https://crypto-labs.s3.amazonaws.com/2021/10/News-Oct-4th.mp3Podcast: EmbedAccording to a survey, 50% of Africans invest in crypto to pay for their children’s education The majority of cryptocurrency owners in Nigeria, Kenya, and South Africa do so in order to offer a better future for their children. According to a recent poll, the majority of cryptocurrency investors in Kenya, Nigeria, and South […]
Bitcoin Transaction Fees Hits One Year Low. What could it mean for Bitcoin?
Transaction charges for Bitcoin are typically an indication of how holders move their coins. When the network is congested by a large number of Bitcoin transactions, the transaction charges increase, indicating a high network traffic volume. When prices of the digital asset increase, transaction traffic is usually high on bull markets. This usually leads to […]