Cryptocurrency News
The recent correction in the cryptocurrency market, with Bitcoin’s price dropping to $25,000, has had a significant impact on the supply dynamics and investor sentiment. One way to assess this impact is by examining the volume of supply that transitioned from being ‘in-loss’ to ‘in-profit’ during this correction. Over 2.47M […]
The ongoing regime of accumulation among Bitcoin HODLers, characterized by a consistent absorption of coins at a rate of +27.1K BTC per month since July 2021, suggests a bullish sentiment in the market. HODLers are individuals or entities that hold onto their Bitcoin investments for an extended period rather than […]
Robert Kiyosaki‘s warning about the demise of the U.S. dollar and his endorsement of Bitcoin can have significant implications for the cryptocurrency. Firstly, his statements could bring increased attention and credibility to Bitcoin among his followers and the wider audience, potentially driving up demand. This heightened demand, coupled with the […]
The recent accumulation stage in the Bitcoin market is indicative of the strong conviction and long-term investment strategy adopted by larger holders of the cryptocurrency. Despite the relatively stagnant boring price movement within the $30k to $31k range, these “sharks” and “whales” continue to accumulate substantial amounts of Bitcoin. This […]
The announcement of BlackRock’s Bitcoin ETF request on June 15th, 2023, has had a significant impact on the share of Bitcoin supply held and traded by US entities. This development potentially signifies an inflection point in the dominance of US entities over Bitcoin supply if the trend continues. BlackRock’s FirstMover […]
The decline in the Bitcoin balance held on exchange addresses, reaching a value of 2.26 million BTC, represents a significant shift in the dynamics of the cryptocurrency market. This balance is the lowest recorded since March 14, 2018, marking a span of 1,939 days. Such a trend indicates a gradual […]
The shift in BlackRock CEO Larry Fink’s stance on Bitcoin from 2017 to 2023, as expressed in his recent appearance on Fox Business, highlights the evolving perception of cryptocurrencies within major financial institutions. Bitcoin, Digitizing Gold Fink’s previous comment characterizing Bitcoin as an “index of money laundering” has been replaced […]
The world of cryptocurrencies has gained immense popularity over the years, with Bitcoin and other digital assets becoming familiar names. While this concept may seem complex at first, understanding cryptocurrency derivatives is crucial for anyone looking to delve into the world of crypto trading. Definitions Cryptocurrency derivatives are financial contracts […]
After registering a 40% rally in the past month, Bitcoin retraced earlier this month and found support this week. It bounced back strongly and broke through the previous resistance level with a heavy surge. BTC now trades well above the $24k level after bouncing back above $22k and reclaimed several […]
Since Bitcoin found its local bottom at $15600 earlier this month, it has struggled to reclaim the previous break level of $18k due to a low buying volume. The bears have also failed to show interest as the price hovers sideways. The recent decrease in trading volume has led shrink […]
Analysis of trades on blockchain-based derivatives trading platform CloseCross reveals that general distribution of the predictions and the money committed to predictions for the price of Ethereum and Bitcoin show that almost all traders are eyeing ETH to either remain stable or increase in value. There was hardly any interest […]
Given the limited supply of Bitcoin, one would assume that all coins are being moved on the network regularly. That is no longer the case, as the amount of “dormant” BTC has hit a new high. The longer coins remain dormant, the more bullish speculators tend to get. Dormant Bitcoin […]
(Photo taken from facebook.com. Karl (right) with a friend) In the USA (Miami, Florida), a 15 years old teenager earned 0.7 BTC in one day. The teen’s name is Karl Miller, he is a Miami Country Day School student. Local media asked him several questions about how he did it, […]
Bitcoin mining is widely considered to be harmful for our planet’s ecosystem. A new report by Coin Shares tells a different tale, as most of the mining efforts hinge on renewable energy sources. Bitcoin mining operators always seek out cheap electricity rates. Renewable Energy is Crucial for Bitcoin Mining The […]
Gauging the popularity of Bitcoin is no easy feat. It is crucial to look well beyond trading volumes reported by centralized exchanges. Making Bitcoin purchases accessible to US customers has been a smart move by Square. Another big Bitcoin Quarter for Square Since the introduction, the company has noted growth […]
Bitcoin price recently formed a golden cross which has historically been very bullish. Despite the bullish indicator being triggered, Bitcoin has fallen sharply. The last 24HR BTC has dropped -5% and the last 7 days, Bitcoin price has sold-off nearly -7%. Why could the sell-off be considered normal price action? […]
11 years ago, the world was changed. An elusive person, Satoshi Nakamoto created Bitcoin. The digital currency solved one of the biggest issues faced by past attempts, the problem of double spending and a military grade security. The next big change came with Ethereum, by Vitalik Buterin. Buretin essentially took […]
There are some interesting bitcoin-related rumors out there. Recent tensions in Iran have caused a fair amount of information to be wrongfully interpreted. Social unrest can often trigger a local bitcoin price increase. Bitcoin Isn’t Mooning in Iran Following the incidents affecting Iran and Iraq, one would expect citizens to […]