Predicting the price of Bitcoin or any cryptocurrency is a challenging task. The volatility, influenced by a myriad of factors such as market sentiment, governmental policies, adoption rates, and tech...
Category: Bitcoin
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Texas Bitcoin Miners Hit as Power Becomes 60 Times Costlier
The Electric Reliability Council of Texas (ERCOT) has asked households and businesses to voluntarily cut down their electricity consumption as the prices in Texas have crossed over the $5,000 mark. Bu...
FTT up +16.80%, BTC -2.11%, FTX Token is The Coin of The Day – Daily Market Update for Aug 19, 2023 | CoinCodex
Key highlights: The total cryptocurrency market cap decreased from $ 1.08T to $ 1.06T in the past 24 hours, representing a -1.35% change The Bitcoin price at press time is $ 25,890 after falling by -2...
Akash Network, THORChain, Bitcoin SV
Cryptocurrencies dipped sharply as bond yields surged. Most coins attempted to bounce back, in what could be a dead cat bounce. Cryptocurrencies stabilized on Saturday after going through one of their...
Bitcoin, Ether price slump leads to crypto bloodbath with $1B in liquidations
The Bitcoin (BTC) and Ether (ETH) price slump on Aug. 18 saw the top two cryptocurrencies fall to a two-month low and triggered a series of liquidations for thousands of derivative traders. The crypto...
Grayscale vs. SEC Lawsuit Still No Verdict, BTC Holds $26,000
Key Points: The U.S. Court delays Grayscale vs. SEC’s decision on GBTC’s Bitcoin ETF move, and the market awaits its impact. Anticipated decisions pass with four verdicts, none related to Grayscale. T...
Cryptocurrency Liquidity Impact: Bitcoin and Ethereum Navigate Regulatory Challenges
Navigating Regulatory Hurdles in the U.S. Navigating the complex regulatory environment in the United States has proven daunting for many cryptocurrency projects. These challenges’ far-reaching conseq...
Short-term Bitcoin holders under market pressure with millions potentially at stake
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To man...
RSI on Bitcoin at levels of the collapse of the FTX crypto exchange
Yesterday, Bitcoin’s daily time frame chart recorded the lowest value of the Relative Strength Index (RSI) indicator since November 2022, a period related to the collapse of cryptocurrency exchange FT...
SpaceX Bitcoin write-down sparks confusion, Bitcoiners quiz Elon Musk
SpaceX’s Bitcoin write-down report on Aug. 18 sparked confusion among the crypto community. The report published in The Wall Street Journal puzzled many, who questioned whether SpaceX held $373 millio...
Did Bitcoin Price Crash to $25K Because of Fake SpaceX News?
Alex Dovbnya Bitcoin’s recent 8% price drop in a mere 10 minutes has sent shockwaves through the cryptocurrency community The price of Bitcoin, the flagship cryptocurrency, experienced a sharp d...
Decoding Bitcoin’s state after a 13% price plunge
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Bitcoin’s 13% price fall over the past day led to...
Bitcoin (BTC) Price Fell Below $26,000 Amid Turbulence in Market
Bitcoin fell below $26,000, following several instances that took place recently. Following the announcement that China Evergrande, a massive Chinese real estate company, has applied for bankruptcy pr...
Analysts Predict ETH/BTC Collapse as End of Altcoin Reckoning
As cryptocurrency markets continue to face volatility, Benjamin Cowen, founder of IntoTheCryptoverse, suggests that the ongoing downturn in ETH/BTC trading pair could indicate the end of the “altcoin ...
JPMorgan Observes Bitcoin Miners Embrace AI Amidst Halving Anticipation
Key Points: JPMorgan’s report reveals cryptocurrency miners’ strategic diversification toward the thriving artificial intelligence (AI) sector ahead of the halving event, anticipating profitability th...
Bitcoin Ordinals’ Sales Volume Plummets Over 97% Since May Peak: DappRadar
The fervor that surrounded Bitcoin Ordinals seems to have waned, with sales volume dropping more than 97% from its all-time high in May 2023. However, some community members believe Bitcoin Ordinals a...
Bitcoin Price Plunges, But There’s Silver Lining
Alex Dovbnya Bitcoin’s value has taken a nosedive, reaching an intraday low of $27,683 Bitcoin, the world’s premier cryptocurrency, has experienced a significant drop in its value, with pr...
Bitcoin’s drop to $26.6K sees over $160M in realized losses
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To man...
Beyond Bitcoin (BTC) & Ethereum (ETH): The Rising Coin to Crown Your Crypto Kingdom!
Bitcoin (BTC) and Ethereum (ETH) are undoubtedly the reigning coins in the crypto world. However, a new coin is emerging faster than anticipated, defying the rule of Bitcoin (BTC) and Ethereum (ETH). ...
Bitcoin Price Tanks, SpaceX Sells BTC, Memecoins are trending
Bitcoin’s price plunged in the past 24 hours after reports emerged that Elon Musk’s SpaceX wrote down over $370 million of its holdings. The news of this massive liquidation sent shockwaves throughout...
Bitcoin and Ethereum’s price drop sparks options expiry and negative rates
The combined notional value of BTC and ETH options set to expire is around $820 million. BTC and ETH witnessed negative funding rates below -0.1 for the first time in over seven months. According to d...
Top Stablecoin Tether (USDT) Ends Support for Kusama (KSM), Bitcoin Cash (BCH) SLP and Omni Layer (OMNI) Chains
Tether, the firm behind the largest stablecoin by market cap, has officially ended support for three different blockchains. On Thursday, the stablecoin issuer stopped minting USDT on Kusama (KSM), Bit...
No decision expected today on Grayscale’s challenge to SEC over Bitcoin ETF conversion
Despite rumors, there will be no decision today, Aug. 18, Grayscale’s lawsuit against the Securities and Exchange Commission (SEC) over their denial of a spot Bitcoin Exchange-Traded Fund (ETF) conve...
Bitcoin (BTC) Price Pump Potential Outlined by Bloomberg Strategist
Tomiwabold Olajide Bitcoin (BTC) price increase potential evaluated by Bloomberg strategist Bitcoin has fallen to a nearly two-month low as risk aversion weighs on the cryptocurrency market. The large...
Bitcoin Tumbles to $26K, XRP Leads Altcoins Downfall (Weekly Crypto Recap)
The cryptocurrency market is going through hard times. It’s been a complete disaster for the past seven days, and the worst took place today. Bitcoin’s price plummeted by a whopping 7.6% in the past 2...
Reasons why spot Bitcoin ETF will not be approved are many
John Reed Stark has shared some compelling evidence suggesting that the chances of getting approval from the United States Securities Exchange and Commission (SEC) for a spot Bitcoin (BTC) Exchange Tr...
Bitcoin is volatile again, but it’s a free fall instead of a rocket launch
Prices recovered to $26,301 at the time of writing, but the gains made by the mid-June rally were reversed. Analysts equated the selling pressure to the aftermath of the FTX collapse and the U.S. bank...
How Bitcoin Spark’s PoP technology trumps Cardano’s blockchain?
Constant innovation is one of the major drivers of growth in blockchain and cryptocurrency. Notably, Bitcoin Spark, a new entrant in this space, introduces the Proof-of-Process (PoP) technology, which...
Why did Bitcoin drop? Analysts point to 5 potential reasons
Elon Musk’s SpaceX reportedly selling its Bitcoin (BTC) holdings, the bankruptcy of a Chinese property giant, and fears of interest rate hikes have been among the theories raised as to Bitcoin’s freak...
Lightning Is Key to Bitcoin Adoption
The current market price of Bitcoin, approximately $29,500, puts the prospect of owning a full bitcoin outside of the reach of most people. However, each bitcoin is subdivisible into one hundred milli...
Tether Decides to Discontinue Bitcoin Stablecoin amid Lack of Usage
Along with Bitcoin Omni Layer, Tether has also decided to discontinue the stablecoin versions of Bitcoin Cash and Kusama. Tether, the issuer of the world’s largest stablecoin USDT, has announced to di...
Bitcoin Dives: Elon Musk’s SpaceX News Sends Cryptocurrency Tumbling
Bitcoin plunged Thursday night on news that Elon Musk’s SpaceX has sold all its holdings of the cryptocurrency. X Other cryptocurrencies such as Ethereum and Dogecoin also sold off while Bitcoin...