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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin Coinbase Crypto Exchange: Market Unlikely to be Impacted by Genesis' GBTC Sell-off

Bitcoin Coinbase Crypto Exchange: Market Unlikely to be Impacted by Genesis’ GBTC Sell-off

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Despite market apprehension, Bitcoin Coinbase Crypto Exchange, a prominent player in the crypto world, anticipates that Genesis’ approved GBTC sell-off won’t shake the crypto market. Genesis, a bankrupted crypto lending company, has received the go-ahead to liquidate approximately $1.3 billion GBTC, causing concern for a potential Bitcoin price drop. However, the bitcoin coinbase crypto exchange asserts that majority of the funds will stay within the crypto ecosystem, thus, mitigating possible e

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Price Analysis Cryptocurrency: Bitcoin ETF Demand Soars, But $52,000 Resistance Looms

Price Analysis Cryptocurrency: Bitcoin ETF Demand Soars, But $52,000 Resistance Looms

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Bitcoin’s price has recently experienced a hefty surge, crossing the $52,000 mark. This sharp increase reflects a vigorous demand for Bitcoin exchange-traded funds, which, as per CryptoQuant, make up over 75% of fresh Bitcoin investments. Yet, the price analysis cryptocurrency indicates a potential resistance around the $52,000 mark, hinting at an imminently saturated market. While it’s difficult to pinpoint when this surge will climax, history has taught us that every euphoric period in the cry

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin Mining Difficulty Skyrockets Ahead of Imminent Halving Event

Bitcoin Mining Difficulty Skyrockets Ahead of Imminent Halving Event

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The impending fourth Bitcoin halving event has triggered an over 8% increase in Bitcoin mining difficulty, recording a new all-time high. This alteration, which adjusts every 2,016 blocks according to miner count, maintains the block production ratio as more miners join. Despite cryptocurrency restrictions in China and a bear market in 2022 and 2023, the Bitcoin mining difficulty has quadrupled since February 2021, exceeding 81T. This surge indicates the steadfastness of the Bitcoin network, par

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Cryptocurrency Investment Revolution: The Impact of Bitcoin ETFs Approval

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On February 13, a total of eight Bitcoin ETFs recorded daily inflows of 12,073 BTC, an equivalent of roughly $590 million, with the iShares from BlackRock taking the lead. Concurrently, outflows from Grayscale experienced a decline, slowing to 1,147 BTC or approximately $56 million. The Bitcoin ETFs approval has definitively impacted the market, with brands such as BlackRock’s iShares and Fidelity’s FBTC at the forefront. These entities added 7,497 BTC ($366.5M) and 3,039 BTC ($148.5M) respectiv

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin miners Microstrategy Reaps Significant Profits as Bitcoin Value Skyrockets

Bitcoin miners Microstrategy Reaps Significant Profits as Bitcoin Value Skyrockets

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Bitcoin’s recent surge to a two-year peak of $50,363 in February had a favorable effect on crypto and mining stocks. Specifically, Bitcoin miners Microstrategy and other cryptocurrency mining stocks saw substantial double-digit gains, somewhat reflecting Bitcoin’s 17.5% increase in value over the same timeframe. Microstrategy, led by founder and chairman Michael Saylor, is known for its endorsement of Bitcoin as a digital gold and a store of value. At present, Microstrategy safeguards a consider

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