Cryptocurrency events Bitcoin continues to consolidate near the historical maximum, trading at $69 thousand. At the same time, the market capitalization of stablecoins updated the historical high, which may indicate the readiness to inject investments into the market. The most significant event during the month was the approval of the spot Ethereum-ETF. Unexpectedly for the market, the SEC approved all applications to launch spot Ethereum… Read More »May 2024 results
Bitcoin broke through its all-time high (ATH) and reached a price of $73777. In February, BTC marked an increase of 43.5%, ETH grew by 46.2%. The capitalization of all cryptocurrencies exceeded $2.7 trillion. The dynamics was accompanied by extreme greed among traders. American banks Bank of America and Wells Fargo began to offer their clients to invest in spot ETFs. Meanwhile, BlackRock’s Bitcoin ETF balance… Read More »March 2024 results
Bitcoin continues to demonstrate its strength, reaching the $64k milestone. Even more interesting is its potential, as BTC is approaching all-time highs. Note that 13 years ago at this same time, bitcoin first breached the $1 price on the Mt․Gox exchange. Today, the amount of BTC that conservative investors buy through ETFs is 12.5 times the amount produced by the network in a single day.… Read More »February 2024 results
The month began with gifts for buyers and sellers at the same time. FUD around the news of ETF approval did not decrease for several months, familiarizing with the volatility rapidly arriving novices to the market. Finally, the issue was resolved with obvious approval of bitcoin trading for large funds. These companies have $17 trillion under management, which is 10 times the capitalization of the… Read More »January 2024 results
August proved to be challenging for traders in the cryptocurrency market, serving as a reminder of the importance of prudent risk management and a strategic approach to trading. Despite initial optimism, Bitcoin underwent a significant decline to $25,200 (-12%), believed to be triggered by speculative rumors of BTC being sold by SpaceX. This decline led to the liquidation of traders’ positions amounting to $1 billion.… Read More »August 2023 results