Tag: Bitcoin
Peak of Cryptocurrency Market Control: Bitcoin’s New Heights
The world’s largest and most renowned cryptocurrency, Bitcoin, has surged in price post-election night, leaving others in its wake during this bullish phase. According to TradingView, the Bitcoin Dominance Index (BDI) reached a new peak of 61.39% on Wednesday—the highest since March 2021. Understanding Bitcoin’s Market Share A rather rudimentary measure of bitcoin’s market share
The Evolution of Bitcoin Through Noteworthy Forks
Through the process of forking, numerous digital currencies have emerged. Mapping the diverse forks onto a timeline and distinguishing between these cryptocurrencies can prove challenging for the average cryptocurrency investor. Many prominent forks of the Bitcoin blockchain will be examined. A hard fork, in contrast to a soft fork, necessitates that all network members upgrade
Exploring the Intricacies of Crypto in Your Fidelity 401(k)
While this development marked a significant milestone for the cryptocurrency domain, experts were quick to criticize cryptocurrencies as potentially unreliable for sustained value growth in the long haul. In the beginning of 2022, Fidelity Investments broke new ground by announcing that employees could incorporate Bitcoin into their 401(k) plans. This option was rolled out to
Erik Finman: Unconventional Journey to Teen Bitcoin Millionaire
Although Erik Finman’s triumph with Bitcoin doesn’t position him as a seasoned investor, he boasts a tenure in the crypto realm that surpasses nearly everyone else’s. His cryptocurrency holdings are varied and include a range of digital assets, underscoring his deep-rooted experience. Finman has conveyed his doubts about Ethereum’s future, maintaining that while short-term gains
Bitcoin’s Resurgence: Key Levels to Monitor Amidst New Highs
Yesterday, Bitcoin surged beyond $112,000, reaching a new pinnacle for the first time since late May, before settling in early Thursday trading. Wednesday saw Bitcoin’s price surpass the descending channel’s upper boundary, heralding potential further ascent. An analytical viewpoint suggests a potential surge to $146,400. Investors ought to pay attention to Bitcoin’s substantial support zones,