Cryptocurrency Financial News

Mudrex, a Y-Combinator-backed global crypto investment platform, on Monday announced the launch of US Bitcoin Spot ETFs for Indian investors. Those interested can start investing in Bitcoin spot ETFs on Mudrex’s platform with a minimum amount of $5,000 and a maximum of $250,000. Mudrex empowers investors to choose individual spot ETFs, create a personalised basket, or opt for pre-listed options depending on market capitalisation.

In the last 24 hours, Bitcoin jumped to an intraday peak of $71,030 in volatile trading. It was last 2.4% higher at $70,900 at 1:07 pm IST.

Bitcoin rallied to a record high on Friday in volatile trade, as crypto mania continued to sweep through the investment community. The leading cryptocurrency topped the $70,000 mark for the first time, boosted by investor demand for new U.S. spot exchange-traded crypto products and expectations for global interest rates to fall.

El Salvador – one of the smallest and most densely populated countries in Central America – may eventually become one of the wealthiest countries in the world because of its Bitcoin holdings.

RBI) Governor Shaktikanta Das shed light on the evolving landscape of cryptocurrency and the progress of the central bank's digital currency initiative. Das reiterated the RBI's stance on cryptocurrency, emphasizing the risks and dangers associated with it. While acknowledging the technological advancements, particularly the blockchain technology underlying cryptocurrencies, Das emphasized the speculative nature of these assets. He highlighted the lack of underlying assets and corresponding liabilities, branding cryptocurrency as a speculative product.

Bitcoin gained momentum in early trading on Thursday as bulls showed some signs of pulling out of their bets on the world's largest cryptocurrency. Earlier on Tuesday, it reached an all-time high of $69,202, later on Wednesday it fell to near $60,000. The world's largest crypto token today jumped to an intraday peak of $67,637 in volatile trading, not too far from Tuesday's record high of $69,202. It was last 2.4% higher at $66,015. The digital asset's meteoric rally — having already surged 57% for the year so far — has been fuelled by investors pouring money into U.S. spot exchange-traded crypto products and the prospect that global interest rates may fall.

Well-known auction houses that typically offer rare coins, famous artworks, and other popular assets for collectors to bid on have started capitalizing on physical Bitcoin (BTC).

bitcoin, the cryptocurrency's latest meteoric rally to a record high may have more legs than in 2021, experts say. The world's largest cryptocurrency, notorious for its volatility, touched $69,202 on Tuesday, driven by excitement over new U.S. spot bitcoin exchange-traded funds (ETFs) and expectations the Federal Reserve will begin cutting U.S. interest rates this year.

meme coins has spiked on Indian cryptocurrency exchanges, taking a cue from a resurgence in the global crypto market where the blue-chip Bitcoin and Ethereum currencies have scaled to new record highs after a year and half of falling prices. Popular meme coins such as Shiba Inu (SHIB), Dogecoin, Floki, Vita Inu, Doge Bonk and PepePAD accounted for around half the total trading value of $113 million on the top three Indian crypto exchanges in the 24 hours till 7 pm Tuesday, according to data from global crypto data platform CoinMarketCap.

Bitcoin rallied again on Wednesday after retreating briefly from an all-time high it set less than 24 hours earlier, as bulls showed few signs of pulling their bets on the world's largest cryptocurrency. Bitcoin jumped 5% during the Asian session to an intraday peak of $66,540 in volatile trading, not too far from Tuesday's record high of $69,202. It was last 4% higher at $65,946.

Bitcoin hit a high of $69,170, topping November 2021's all-time peak of $68,999.99. Investor interest has increased since the Securities and Exchange Commission approved 11 spot bitcoin ETFs in late January. It then reversed course and was recently down around 2% at $65,694 at 10:57 am.

cryptocurrency by market value. In early trade on Tuesday, Bitcoin was at $68,500, having reached a session high of $68,828, only 2% away from the all-time peak of $68,999.99 it set in November 2021.

Bitcoin, the world's largest cryptocurrency by value, hit a two-year high on Monday, surpassing the $66,000 mark as a wave of money brought it within striking distance of the record levels. The Bitcoin price hit a session high of $66,319. It was last up 6.4% at $66,254. From the current market price, Bitcoin is 4% away from its all-time high of $68,999.99, which it touched in November 2021.

Dogecoin, Shiba Inu, and Polkadot surged up to 11%. However, a few of the top crypto tokens such as Avalanche, Chainlink, Polygon, Solana, and XRP were the laggards. Meanwhile, the global cryptocurrency market cap surged 1.5% to around $2.38 trillion in the last 24 hours.

These inefficiencies in global trade don’t just affect speed and price, they also exclude large parts of the world from participating at all. But there is a way to bring the entire world to the table: build business on a fast and cheap settlement layer, ideally one with a neutral, globally accepted currency.

cryptocurrency markets, major tokens were trading mixed on Friday. While Bitcoin fell 1.4% in the last 24 hours and traded at $61,349 around 11:24 am IST, other major cryptos such as Solana, Toncoin, Avalanche, Toncoin, and Litecoin soared up to 8%. The other laggards in the pack were Ethereum, BNB, and Dogecoin, which were down by up to 5.5%. «Following its surge to $64,000, Bitcoin is now stabilizing around $61,000, prompted by a spike in liquidations. Nevertheless, Bitcoin has already set new records highs in local currencies across numerous countries, including China, Japan, the UK, India, Argentina, Turkey, Egypt, and more showing demand and resilience,» said Edul Patel, CEO of Mudrex.

The world's largest cryptocurrency was last up 8.5% at $62,135, its highest since November 2021, while Ethereum rose 5.35% to $3,436, having hit another two-year high. Meanwhile, the global cryptocurrency market cap surged 8.9% to nearly $2.3 trillion in the last 24 hours.

Analyzing these fluctuations provides valuable insights into market sentiment and investor behavior, guiding strategic decisions for traders and enthusiasts alike. The recent listing of a Bitcoin spot exchange-traded fund (ETF) has been a monumental development in the crypto space. This milestone underscores Bitcoin's enduring appeal for the new age investors. Furthermore, the ETF listing could catalyze broader adoption of cryptocurrencies, as traditional investors gain easier access to the market through newer investment vehicles. Furthermore, Bitcoin halving events have historically been pivotal moments for the cryptocurrency, characterized by supply constraints and subsequent price rallies. The protocol's predetermined halving schedule ensures a gradual reduction in new Bitcoin issuance, heightening scarcity over time.

cryptocurrency. Bitcoin traded as high as $61,360, closing in on its all-time high of $68,991, struck in November 2021 and which some analysts believe is now within reach.

cryptocurrency Bitcoin surged for a fifth day on Wednesday to near $59,500 for the first time since November 2021, buoyed by flows into new US spot Bitcoin exchange-traded products that have driven it up nearly 40% in February. Bitcoin was last up 4.6% at $59,186, its highest since December 2021, while Ethereum rose 3.1% to $3,354, having hit another two-year high. Meanwhile, the global cryptocurrency market cap rose 3.53% to nearly $2.22 trillion in the last 24 hours.

Dogecoin, Solana, BNB, Avalanche, Toncoin, XRP and Tron soared up to 6.40%. Bitcoin reclaimed the $57,000 level for the first time since late 2021 in today's early trade, supported by investor demand through exchange-traded funds as well as further purchases by MicroStrategy Inc. The digital asset added as much as 4.4% to reach $57,039 before paring some of the jump to trade at $56,473 as of 10:22 am Tuesday in Singapore, Bloomberg reported.