Monday, February 24, 2025
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Market Wrap: Bitcoin Near $48K While Ether Transaction Fees Surge Again

Bitcoin was trading between $47,000 and $48,000 for much of Thursday, breaking the $48,000 level multiple times throughout Thursday. Traders and analysts told CryptoX they remain bullish on the overall market, as institutional investors’ interest in bitcoin is growing “at a staggering pace.”Bitcoin (BTC) trading around $47,174.04 as of 21:00

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HSBC Carries Out Bangladesh’s First Blockchain Letter-of-Credit Transaction

The Bangladesh arm of HSBC, one of the world’s largest banks, has completed the country’s first cross-border blockchain trade finance transaction.According to a press release on Tuesday, the digitized letter of credit (LC) transaction brought a notable reduction in the processing time compared with traditional methods – down from the

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Bitcoin Transaction Fees Rise to 28-Month High as Hashrate Drops Amid Price Rally

The cost of doing transactions on bitcoin is surging while the network suffers its worst congestion in nearly three years.As of Wednesday, the mean fee per transaction, or the average transaction cost, was 0.00086764 BTC, the highest since June 2018, according to data source Glassnode. In dollar terms, the average

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