Bitcoin

Bitcoin Price Consolidating Around $30,000; Is $31,000 the New $69,000?

With the resurgence of bears within the markets, the majority of the cryptos are shedding some of their gains. In the meantime, the tokens do possess the possibility of a bullish rebound as they appear to hold some strength but have been failing to utilize it, which often turns out to be a major rejection....
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Analysts Predict Bitcoin Cooldown Phase as BTC Slid Below $30K

Bitcoin dropped below $30,000 during the Friday morning Asian trading session. The asset had lost 1.5% on the day in a fall to an intraweek low of $29,750. It is the first time this month BTC has dropped below $30K following four separate rejections at resistance since it crossed the price barrier on June 2022....
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Why Bitcoin (BTC) Price Is Up Today?

The Bitcoin (BTC) market enjoyed a relatively mild rally that saw its value rise to a new high for 2023 on Thursday. During the early New York trading session on Thursday, Bitcoin price traded above $31k and made some advancement towards $31.4k before retracing $30.7k. According to the latest market data provided by Binance-backed Coinmarketcap,...
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Bitcoin Options Contracts Open Interest Surges Following ETF Filings

Professional traders are flocking back to Bitcoin funds in the wake of multiple applications for exchange-traded funds by leading asset managers. As a result, open interest (OI) for options contracts has soared to $13.8 billion, according to blockchain analytics firm Glassnode. Furthermore, the increase in demand for Bitcoin options has pushed OI close to its...
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Bitcoin ‘Shrimps’ Are Stacking Their Hardest Since 2017: Glassnode

Bitcoin (BTC)’s smallest holders are deploying money into the asset at a record pace this month, reflecting a sense of shared optimism across the Bitcoin market in 2023. On-chain data shows that “shrimps” – Bitcoin addresses holding less than 1 BTC – haven’t accumulated this aggressively in nearly six years. Small Holders Stack Their Sats...
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I Am A Heavy Promoter Of Bitcoin: Binance CEO

Binance CEO Changpeng Zhao (CZ) explained on Wednesday why Binance spends time supporting cryptocurrencies and blockchains beyond those it chiefly develops. While the executive remained optimistic about the BNB Chain ecosystem, he said that he personally is a “heavy promoter of Bitcoin (BTC).” Are Binance’s Blockchain Centralized? In an AMA hosted over Twitter on Wednesday,...
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Will The SEC Approve A Bitcoin Spot ETF In 2023? Lawyer Breaks Down The Odds

The fate of Bitcoin’s price throughout the rest of the year largely lies in the answer to one question: Will a Bitcoin spot ETF be approved in the United States? Joe Carlasare – a commercial litigator supporting Bitcoin – tweeted on Monday that he gives such a product a 30-40% chance of launching inside of...
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Bitcoin Ordinals Proposal To Reduce Inscription Costs By 90%

Ordinals developers are pioneering ways to make reduce blockchain bloat caused by Bitcoin NFTs, potentially reducing their creation costs by 90%.  The latest among these is BRC69 – a new standard proposed by Ordinals launchpad platform Luminex to “optimize the costs of inscribing on Bitcoin using the Ordinals protocol.” The BRC69 Standard According to Luminex’s...
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Litecoin Halving Rally Appears to be Paused While Bitcoin Halving Rally is Yet to Begin

After a significant rise, the bulls appear to have relaxed a bit as the prices of the majority of the tokens have been facing extreme consolidation. The star crypto, Bitcoin, witnessed a significant upswing and rose above $31,000. Besides, the Lite version of Bitcoin, Litecoin, displayed an iconic rally in the past few days and...
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Bitcoin (BTC) Posts 2 Consecutive Green Quarters for the First Time Since 2021

Bitcoin (BTC) has seen positive returns for two consecutive quarters, ending the first half of 2023 in green, according to data compiled by the cryptocurrency information platform CoinGlass. For the first quarter, the leading crypto asset posted a return of 71.77% and 7.19% at the end of the second one. The last time bitcoin recorded...
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Here’s How Much Institutional Money Flowed in Ripple (XRP) in June: Report

Bitcoin appears to have hovered in a narrow range over the past few days but it has managed to pull off a stunning 86% rally since the beginning of the year. The inflows over the past week are indicative of the fact that the world’s premier crypto asset continues to remain the primary focus of...
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BTC ATM Operator Bitcoin Depot Enters Nasdaq This Week

Bitcoin Depot – a US-based Bitcoin ATM provider – announced it will start trading on Nasdaq on July 3 after partnering with the fintech company GSR II Meteora Acquisition Corp.  Previous reports revealed that the agreement between the two entities is worth $885 million.  ‘BTM’ Pops up on Nasdaq The partners announced the finalization of...
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Bitcoin Surpasses $31K: Is a Bullish Rally on the Horizon for BTC Price?

Bitcoin continues to reign supreme as it recently surpassed the significant $31,000 mark, sparking a wave of bullish sentiment among investors and analysts. Bitcoin’s value surged beyond $31,000 on Monday following a tumultuous week of trading. This was influenced by news regarding applications for spot ETF funds and conjecture about their potential approval by the...
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50% of German Crypto Investors View Digital Assets as Long-Term Investment (Survey)

According to a KuCoin research, 49% of German crypto investors believe digital currencies could help them achieve long-term wealth accumulation plans. Every fourth thinks the asset class could serve as a store of value amid the current economic turbulence. Most German crypto investors fall in the Generation Y demographic group, also known as Millennials (those...
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Man Who Paid $20K in BTC to Hitman to Kill a Child Goes to Prison for 6 Years (Report)

John Michael Musbach – a 34-year-old resident of Haddonfield, New Jersey – was reportedly sentenced to six and a half years in jail for hiring a hitman to commit a murder. He transferred $20,000 worth of BTC to the “executor” to kill a kid that was about to testify against him in a child-pornography case....
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Bitcoin Teeters at $30.5K! Is BTC Price Showing Warning Signs or Buying Opportunity for July?

As we enter July, the crypto market eagerly awaits the upcoming move. Bitcoin, the flagship cryptocurrency, has been flirting with the $30.5K mark, a level that has both investors and analysts on their toes. SEC’s recent decline on spot BTC ETF applications has put intense selling pressure, bringing warning signs of an immediate move among...
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Bitcoin is Consolidating in a Very Important Region; Is a Bear Trap in Progress?

The bitcoin price remains within the same range after the bears drove the price back close to $30,500 level. The market sentiments for the star crypto have not been bearish, even though the SEC stated that the ETF filings are inadequate. However, the price is constantly failing to rise and reclaim levels above $30,800. Hence...
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Celsius Will Begin Selling Altcoin Portfolio Into BTC and ETH

Bankrupt crypto lender Celsius has been granted permission to begin liquidating its altcoins into Bitcoin (BTC) and Ether (ETH). This will occur before distributions to creditors take place, who expect to receive their assets denominated only in the top two cryptocurrencies by market cap.  According to Bankruptcy judge Martin Glenn, Celsius “may sell or convert...
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Fidelity Refiles Bitcoin Spot ETF Application After BlackRock

Fidelity Digital Assets – the $4.5 trillion asset manager’s crypto-arm – has resubmitted its filing to launch a Bitcoin Spot ETF in the United States. Parts of the filing are virtually identical to BlackRock and ARK Invest’s respective submissions earlier this month. Fidelity Tries Again According to a 19-b4 filing with the U.S. Securities and...
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North Carolina House of Representatives Wants to Spend $50K to Study Benefits of Holding Bitcoin

The North Carolina House of Representatives has passed a bill that includes provisions to investigate the acquisition and potential benefits of Bitcoin and other cryptocurrencies. House Bill 721, titled “State Precious Metals Depository Study,” aims to examine the potential impact of a state securely holding, insuring, and liquidating virtual currency, with special emphasis on Bitcoin....
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Crypto Market Outlook: Here’s What Next For Bitcoin (BTC) and Ethereum (ETH) Price

Blackrock’s application to the SEC for a Bitcoin ETF has caused Bitcoin’s volatility to return. After months of low trading, the recent rally pushed Bitcoin above $30,000. While Ethereum is still experiencing rejection from a significant resistance level, Bitcoin is forming a new pattern that could potentially lead to a breakout.  According to a new...
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Cathie Wood’s Ark Amends Bitcoin Spot ETF Application To Copy BlackRock

Cathie Wood’s ARK Invest has amended its Bitcoin Spot ETF filing to include a new surveillance sharing agreement, taking cues from the filing presented by investment giant BlackRock earlier this month. The modification may give ARK a better chance of getting its product approved by the U.S. Securities and Exchange Commission (SEC), which has denied...
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Bitcoin Holds the $30K Level Strongly: Here’s How BTC Price Will Trade Next

In the midst of market volatility, Bitcoin shows a solid stability by holding the $30K threshold. This trend is mainly boosted by Fidelity’s strategic move to file for a Bitcoin ETF, which could potentially catalyze a bullish trend. Furthermore, predictions from a Bloomberg analyst suggest that BlackRock, the world’s largest asset manager, may soon receive...
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Will Bitcoin Surge to $35K in July? Matrixport Analysis

Bitcoin surging past the $31,000 psychological level was crucial in many ways. For one, the world’s premier cryptocurrency hit a one-year high amidst the incessant bear market. But the gains may not stop here. Historically, July has been a month for strong rallies, according to the digital asset platform Matrixport. In its latest analysis, Bitcoin...
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Here’s When the Next Bull Run May Trigger; Crypto Market Cap May Soar Beyond $10T Then

Soon after the beginning of the American trade, the crypto space geared up and rose. With the Bitcoin price rising above the narrow consolidation and heading towards the crucial resistance of $30,800, the market cap is also heading to seal levels above $2 trillion.  The market cap of the crypto space, which has been crawling...
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Following Bitcoin’s Surge Above $30K: BTC on Exchanges Lowest Since December 2017

Bitcoin started off the week on a solid note, above $30,000 after rapid gains. The market participants catalyzing this trend are taking their BTCs off centralized exchanges as investor confidence in this platform continued to diminish. Bitcoin held on exchange addresses has been in a perpetual decline following the COVID-19 crisis. as per Glassnode’s latest...
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Scammers Target Major US Grocery Chains Demanding Bitcoin Payments

A slew of major U.S. grocery chains have been targeted by scammers in recent months posing fake bomb threats with demands for ransom payments. While often involving cash or gift cards, the scammers have sometimes requested that their victims pay them in Bitcoin (BTC). The Supermarket Scam As reported by the Wall Street Journal on...
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Coinbase Offers $50M Credit Facility to Crypto Miner Hut 8

Hut 8 announced entering into a $50 million credit facility with Coinbase Credit as the lender. In a statement, the North American crypto miner revealed that the proceeds from the loan will be used for general corporate purposes while providing it with added financial flexibility and helping it maintain a dynamic Bitcoin treasury management strategy....
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Jim Cramer’s Latest Change of Heart, Says He is Not Against Crypto

Jim Cramer – the host of CNBC’ financial TV show “Mad Money” – clarified that he is “not against crypto” but opposes such projects that scam people.  This is yet another controversial statement coming from the American who has changed his view on the industry countless times over the years.  The crypto community often mocks...
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Robert F. Kennedy to Enforce Pro-Bitcoin Laws Should he Become President

Robert F. Kennedy Jr, who recently announced he will run for President of the US as part of the Democratic Party, vowed to implement Bitcoin-friendly policies if elected.  The Republicans also have a crypto-loving candidate and his name is Francis Suarez. The 45-year-old, who currently serves as mayor of Miami, involved the city in numerous...
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