Here’s How Much $10,000 Invested In Bitcoin 7 Years Ago Would Be Worth Today

The “OG” of crypto coins, Bitcoin (BTC), has seen a lot of volatility over the years. On November 10, 2021, the value of BTC reached an all-time high of $68.789.63. However, its value has plummeted by $51,963 in just a year and is now worth $16,826 (as of writing this), according to Coindesk. Even if

The post Here’s How Much $10,000 Invested In Bitcoin 7 Years Ago Would Be Worth Today appeared first on CoinGape.

Bitcoin (BTC) Sees Another Hash-Ribbon Inversion, Why Investors Need to be Cautious?

Over the last month and more, the Bitcoin (BTC) hashrate has been on the downturn with miners struggling to continue their operations amid the strong correction. The Bitcoin network is likely to see its largest mining difficulty adjustment in over a year. On-chain data provider Glassnode reports: “The #Bitcoin protocol has just decreased mining difficulty

The post Bitcoin (BTC) Sees Another Hash-Ribbon Inversion, Why Investors Need to be Cautious? appeared first on CoinGape.

Can Bitcoin (BTC) Price Continue Its Recovery In Coming Week?

On November 22nd, the Bitcoin price witnessed its second reversal from $15600 support within a month. Thus, the coin price rebounded twice from the same support validating its level as a strong accumulation zone. The bullish reversal triggered a new relief rally aiming to surpass $17700. Key points: The post-retest tally may drive the Bitcoin

The post Can Bitcoin (BTC) Price Continue Its Recovery In Coming Week? appeared first on CoinGape.

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin price has risen by 1.71%% in the last 24 hours amid crypto lending platform BlockFi filing for bankruptcy. In the last 24 hours, the trading volume of Bitcoin is $25,195,723,296 USD. Notably, BlockFi, a cryptocurrency lender, filed for bankruptcy protection on Monday, just days after suspending withdrawals in the aftermath of FTX’s bankruptcy filing. 

The post Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy appeared first on CoinGape.

On-chain Data: Bitcoin Miner Capitulation Begins, More Pain Ahead for BTC?

Amid the collapse of crypto exchange FTX, there’s massive selling pressure seen for Bitcoin (BTC) and the broader crypto market. The Bitcoin price has corrected more than 21% this month as it turns out to be the worst November for Bitcoin so far. Bitcoin miners have suffered the maximum during this massive price correction. On-chain

The post On-chain Data: Bitcoin Miner Capitulation Begins, More Pain Ahead for BTC? appeared first on CoinGape.

Global Markets Down, Will China Unrest Trigger Next Bitcoin Correction?

Massive protests have erupted across China and spreading like wildfire amid the country’s strict COVID-19 restrictions. The events at Foxconn’s iPhone factory last week have triggered further reactions across the country. On Monday, November 28, the global markets have come under pressure with investor anxiety rising. The effect is prominent in the crypto space as

The post Global Markets Down, Will China Unrest Trigger Next Bitcoin Correction? appeared first on CoinGape.

This Bitcoin Investors’ Cohort Makes Aggressive BTC Purchases

The world’s largest cryptocurrency Bitcoin (BTC) has come under massive selling pressure ever since the FTX collapse triggered. As of now, Bitcoin is trading 2.30% down at a price of $16,198 with a market cap of $311 billion. However, one investor group has been buying aggressively during this price correction. They are basically the Bitcoin

The post This Bitcoin Investors’ Cohort Makes Aggressive BTC Purchases appeared first on CoinGape.

Warning: Bitcoin (BTC) Could Tank to $5,000 In Another Domino After FTX

The world’s largest cryptocurrency has come under selling pressure once again and has slipped under $16,000 for the first time since 2020. The collapse of the crypto exchange FTX has infected the entire crypto space. Crypto lenders in the market have been facing to meet the liquidity demand that has shot up after the FTX

The post Warning: Bitcoin (BTC) Could Tank to $5,000 In Another Domino After FTX appeared first on CoinGape.