Recent data reveals that Bitcoin's circulation has plummeted to its lowest point in 13 years, raising questions about its original purpose as "electronic cash." This decrease in circulation suggests a shift in how Bitcoin is being perceived and utilized by investors and users.
Read MoreBitcoin (BTC), the world's leading cryptocurrency, is trading near $67,250 as the market awaits the release of crucial US Consumer Price Index (CPI) data and the Federal Reserve's interest rate decision. The CPI data is expected to shed light on the state of inflation, while the Fed's rate decision could significantly impact market sentiment.
Read MoreBitcoin, the world's leading cryptocurrency, has fallen below the crucial $68,000 mark for the first time since early June, raising concerns among investors. This price drop comes amid thin bid liquidity, meaning there are fewer buyers willing to snap up Bitcoin at current prices.
Read MoreEl Salvador's ambitious project to build the world's first Bitcoin City has encountered significant hurdles, including funding delays and a lack of progress on construction. However, the project's first self-proclaimed 'citizen,' Corbin Keegan, remains steadfast in his belief in the city's potential.
Read MoreThe cryptocurrency market is experiencing a notable shift as investors increasingly transfer their holdings from centralized exchanges to self-custody wallets. This trend, often referred to as the "crypto exodus," is driven by several factors, including concerns over security, regulatory scrutiny, and counterparty risk.
Read MoreThe world of Bitcoin continues to see positive developments as DeFi Technologies, a company at the forefront of decentralized finance (DeFi), has announced a significant investment in the leading cryptocurrency. This move is seen as a major win for Bitcoin and further strengthens its position in the financial landscape.
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