The choppy market has caused severe headwinds for Bitcoin miners as the hash rate reaches new record highs. The rise comes ahead of the much anticipated halving event slated for next spring that is expected to catalyze the largest crypto asset’s price action. Recent data suggested that Bitcoin’s hash rate has increased by nearly 661%...Read More
Telegram founder and CEO Pavel Durov disclosed that he holds bitcoin, the largest crypto by market capitalization, and Toncoin (TON), which is independent from Telegram. The CEO also bought a quarter of new Telegram bonds issued by the company. Telegram Issues $270 Million Bonds In a post on his official Telegram channel on Tuesday (July...Read More
ARK Invest CEO Cathie Wood said on Tuesday that she and her fund are now more confident in their “bull case” for Bitcoin (BTC): $1.5 million by 2030. The investment manager’s boost of confidence stems from Bitcoin’s positive response to the United States regional banking crisis in March. The Bear, Base, and Bull Case Ark...Read More
The latest influx of Bitcoin (BTC) spot ETF applications in the United States is certainly generating hype, but some analysts are split on whether that excitement is warranted. While many claim approval will invite a new wave of investor capital into the asset, others think it may only amount to a sell-the-news event. The Bearish...Read More
Crypto exchange Binance announced it has completed the integration of Bitcoin on the Lightning Network (LN). The move will enable Binance users to leverage the scaling solution for Bitcoin deposits and withdrawals. When depositing BTC, users will have the additional option of “BTC-Lightning” alongside the standard choices of Bitcoin, BEP20, SegWit, and others. With the...Read More
Investment products offering crypto exposure have surged in popularity since last month, attracting net inflows of $137 million over the last week alone. Meanwhile, trading volumes for such products have soared beyond their yearly average, totalling $2.3 billion last week. Investors Return to Bitcoin Per Coinshares’ weekly report, inflows into digital asset investment products totalled...Read More
On-chain data examined by blockchain analytics firm IntoTheBlock has revealed that roughly 29% of all bitcoins (BTC) in circulation have remained unmoved for more than five years. In a Monday tweet, analysts at the firm said a large part of the unmoved assets might be lost coins. Ever wondered how many Bitcoins are lost forever?...Read More
Robert Kiyosaki, the author of several best-seller books, continues to display his support for bitcoin, gold, and silver above all other assets. In his latest tweet on the matter, he praised the aforementioned three assets while warning that the rich will get richer in the wake of the US government’s policies. Sticking With BTC The...Read More
Bitcoin’s price saw a significant upswing, spurred on by Ripple’s victory in its legal battle with the SEC. The price of BTC even approached the $32K threshold, but a decrease in buying pressure led to a substantial decline. Bitcoin’s bullish momentum suffered another blow recently as the price dipped below the $31K mark, with the...Read More
While the digital asset space may have been reeling under arguably the worst bear market in its history, users are mostly unfazed as transactions across various networks continue. Such transactional activity demonstrates the resilience of the market participants. As evidenced by the latest infographics shared by the prominent analytic platform, IntoTheBlock, not all blockchains are...Read More
In a surprising moment, the U.S. government has made a significant move in the cryptocurrency market. A whopping 9800 Bitcoins, previously seized from the infamous Silk Road marketplace, have been transferred. This unexpected action has left many investors and market analysts speculating about the potential impact on Bitcoin’s price and left holders on the edge...Read More
MicroStrategy is the world’s largest corporate holder of Bitcoin. The company is currently holding a whopping 152,333 BTC, worth over $4.6 billion at current prices. One of the most commonly discussed points by crypto traders and investors alike is whether the company has a liquidation threshold and if it will ever have to sell BTC....Read More
The $31,000 level has proven to be a significant resistance point for Bitcoin. Over the past few weeks, the bulls have tried and failed multiple times to break this level. Each failure has resulted in a price correction, with the most recent one being the most significant. After a failed attempt by the bulls to...Read More
Leading crypto exchange Bitfinex released its latest Bitfinex Alpha report, a weekly publication that offers on-chain data and insights into the dynamic crypto market. This week’s document found that the amount of unmoved bitcoin has reached its highest point. The report further highlights an intriguing development in liquidity trends. Bitcoin liquidity has experienced a decrease,...Read More
Robert Kiyosaki, author of “Rich Dad Poor Dad,” has made a new prediction regarding the price of Bitcoin. He believes that the BRICS alliance will soon announce a gold-backed cryptocurrency, which could impact the value of the US dollar. To protect against impending inflation, Kiyosaki advises his followers to invest in gold and silver. He...Read More
Robert F. Kennedy – a US presidential candidate from the Democratic party and an outspoken advocate of the cryptocurrency industry – revealed owning between $100,001 and $250,000 worth of bitcoin. The disclosure comes approximately two months after the Miami BTC conference, where he said he is not a crypto investor. Kennedy Owns Over 3 BTC...Read More
Bitcoin and Ethereum are trading at an enticing discount on Binance.US, but not all users will be able to leverage it. At nearly $27,500, Bitcoin is trading about $2,500 lower on Binance.US compared to global spot markets. Ethereum, on the other hand, was trading at $1,700 – a discount of $200, offering market participants a...Read More
As we approach the end of another tumultuous week filled with several macro events, all eyes are on Bitcoin (BTC), the digital gold standard of the crypto market. As the US CPI data is set to be announced on 12 July, investors wonder whether it would boost the BTC price or bring a severe plunge...Read More
Bitcoin (BTC) has treated its faithful well in 2023, having appreciated over 80% year to date. However, there may be better ways for investors to capitalize on the asset’s success besides stacking actual sats. Here’s a look at how some Bitcoin-related assets and companies are performing next to BTC, from financial companies to mining stocks....Read More
The hype surrounding Artificial Intelligence (AI) is taking multiple industries by storm, and the digital assets industry appears to be readily embracing the tech. Lightning Labs has become the latest platform to tap the space. The team behind the Bitcoin Lightning Network announced the release of a new set of developer tools to enable the...Read More
Bitcoin maximalists have proved to be highly staunch supporters of the crypto asset. For more than a decade, they have stayed as a united front, but the advent of Ordinals shook up the long-standing narrative. 2023 will be known for many things, one of them being – the Bitcoin community’s split into two warring factions....Read More
Arthur Hayes, the co-founder and former CEO of cryptocurrency exchange BitMEX, believes bitcoin (BTC) will be chosen by artificial intelligence (AI) as the currency for their economic activities in the future. In a lengthy Substack essay posted on July 7, the American entrepreneur laid out reasons for his belief, presenting arguments and conclusions to prove...Read More
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....Read More
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....Read More
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,...Read More
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...Read More
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...Read More
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,...Read More
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...Read More
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...Read More
