Bitcoin is currently testing a price level that could make or break the entire bull market, $88,000, the 100-week simple moving average that once stood as unbreakable resistance in 2022 before flipping to support and igniting the 2023 rally from $16,000 to $126,000. After a sharp 26% drop from $109,000 driven by liquidity fears and …
Bitcoin’s latest pullback has become the deepest correction of the entire bull cycle, and sentiment just hit rock-bottom panic levels. BTC $92,093 suffered a 26.7% drawdown on Monday, surpassing April’s 26.5% decline and officially becoming the most severe correction of the current market cycle. Multiple indicators are flashing red, yet the overwhelming fear may be …
U.S. spot Bitcoin ETFs are making headlines with $2.25 billion in inflows in four straight days, led by BlackRock, Fidelity, and ARK 21Shares. Bitcoin’s price reclaimed $120,550 intraday before easing to $119,912 (up 1.5%), and this $161 billion ETF powerhouse now holds 6.7% of BTC’s supply. Whether you’re a cryptocurrency trader in Lagos streets or …
JPMorgan Chase, a global financial powerhouse managing $4 trillion in assets, has stunned the market with a bold claim: Bitcoin is drastically undervalued compared to gold and could rocket to $165,000!. As we've seen Bitcoin’s wild swings from $69K to $16K, this is huge, with its volatility ratio dropping below 2.0 and $20 billion in …
Nigeria’s push into digital finance is under scrutiny as doubts grow about the credibility of the country’s flagship stablecoin, the cNGN. Promoted as Africa’s gateway to global crypto adoption, the project now faces tough questions about reserves, adoption, and sovereignty. cNGN’s last attested report showed about 298 million tokens in circulation as of June. By …
Strategy, the tech-focused investment firm, has made a bold move in the cryptocurrency market, acquiring $450 million worth of Bitcoin (BTC). This purchase comes as part of an ongoing strategy to increase the firm’s exposure to Bitcoin and bolster its financial portfolio. With the purchase, Strategy’s total Bitcoin holdings have now reached record highs, positioning …
In the last 24 hours, Bitcoin (BTC) has maintained a steady price, trading at $111,165, showing a modest increase of 0.76%. The leading cryptocurrency has fluctuated between $108,505 and $111,716, as it remains stable amid broader market uncertainty. Despite the fluctuations, Bitcoin's stabilisation marks an important shift that could open doors for institutional investors. However, …
