Bitcoin hit a wild high of $69,000 in November 2021. And despite a healthy rally in this year’s first quarter, it’s still down nearly two-thirds from its price record. The good news? This price drop m...
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Bitcoin-Ether Correlation Plummets, Investors Panic
Key Points: Bitcoin-ether correlation dips below 80% for first time in 18 months, indicating a significant shift in the relationship between the two largest cryptocurrencies. The rolling 30-day correl...
US Bank Deposits Continue To Fall, What It Means For Bitcoin?
According to Genevieve Roch-Decter, CFA, US bank deposits are about to slip under $17 trillion for the first time in over 2 years. It could be an indicator that people are moving their money from bank...
Leaked Memo Suggests Democrats on US House Committee Were Told to Support Party Position on Crypto Regulation – Featured Bitcoin News
Democratic Party members of the U.S. House Committee on Financial Services were handed a memo instructing them to back the party’s position on crypto regulation moments before the commencement of the ...
Bitcoin-ether correlation dips below 80% for first time in 18 months
The correlation between bitcoin and ether prices fell below 80% for the first time since November 2021, indicating a significant shift in the relationship between the two largest cryptocurrencies. ...
Bitcoin briefly sheds $8 billion in market cap after Binance quits Canada
Binance, the world’s largest cryptocurrency trading platform, has had enough with Canada. The company announced its plans to cease business operations in the North American nation on Twitter. Bi...
LDO Explodes 13%, BTC Eyes $27K After New 2-Month Low (Weekend Watch)
Bitcoin’s troubles continued in the past 24 hours, and the asset charted a new two-month low before recovering over a grand. The altcoins are in the green today, with LDO taking the main stage with a ...
Bitcoin More Likely To Surge Higher Than Plummet, According to Veteran Crypto Trader Tone Vays – Here’s Why
Veteran crypto trader and analyst Tone Vays is saying he remains bullish on Bitcoin (BTC) amid a downturn in the market. Vays tells his 123,000 YouTube subscribers that the chances of Bitcoin surging ...
Proof-of-Work: Bitcoin consensus algorithm – The Cryptonomist
Proof-of-Work (PoW) is a consensus algorithm used by many blockchains to verify the validity of transactions made on the network, which are grouped into blocks and then recorded on the public ledger i...
Inflation in China Down to Lowest Number in More Than Two Years; Analyst Proposes Giving Cash Handouts to Avoid Deflation – Economics Bitcoin News
Inflation in China registered an increase of 0.1% year-over-year in April, according to numbers from the National Bureau of Statistics of the country, falling below expectations. Some analysts are alr...
Bitcoin (BTC) Faces Bears, Avalanche (AVAX) Plummet, Sparklo Rises
The negative market has always been a source of concern for many crypto investors and traders because when certain projects fall, it is difficult for them to regain their footing. Market analysts pred...
Investors Focus Shifts From Bitcoin Onto DigiToads for Exponential Growth – Cryptopolitan
When investing in cryptocurrencies, the expected returns and the risk involved are two of the main metrics that investors use to determine where to put their money. Bitcoin has already established its...
Crypto Market Outlook: Expert Predicts Bitcoin & Major Altcoins To Rebound In 2023 Q3
After more than eight weeks of attempting to rally above $31k, Bitcoin bulls have succumbed to mid-term selling pressure. According to the latest crypto market data, the price of Bitcoin dropped nearl...
PEPE up +41.52%, BTC +1.73%, PepeCoin is The Coin of The Day – Daily Market Update for May 13, 2023 | CoinCodex
Key highlights: The total cryptocurrency market cap increased from $ 1.09T to $ 1.11T in the past 24 hours, representing a 2.21% change The Bitcoin price at press time is $ 26,736 after growing by 1.7...
Bitcoin, Binance Coin And DogeMiyagi Shake Up The Digital World – Cryptopolitan
Back in 2009, cryptocurrencies burst onto the finance scene like a bat out of hell. Since then, their popularity has skyrocketed, and today there are tens of thousands of digital currencies in existen...
Bitcoin [BTC] ordinals come under scrutiny, but traders remain optimistic
Bitcoin Ordinals get criticized by few in the crypto industry. Despite the criticisms, interest in Ordinals remains high. Traders remain positive, as put to call ratio declines. Over the last few mont...
Binance to Withdraw From Canadian Market Due to Regulatory Climate – Bitcoin News
Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Friday that it is “proactively withdrawing from the Canadian market.” The company thanked the regulators who worked...
Bitcoin Dump Hits $25,900 After Binance Leaves Canada
Key Points: Bitcoin (BTC) price quickly fell to the $25,900 area right after Binance’s announcement to leave the Canadian market. The reason why Binance abandoned this market is due to the tightening ...
EDU up +12.53%, BTC -0.43%, Bitget Token is The Coin of The Day – Daily Market Update for May 11, 2023 | CoinCodex
Key highlights: The total cryptocurrency market cap decreased from $ 1.14T to $ 1.13T in the past 24 hours, representing a -0.42% change The Bitcoin price at press time is $ 27,536 after falling by -0...
Uncle Sam’s Latest Move May Spell Trouble For Bitcoin Miners
Table of contents U.S. Ponders Crypto Mining as Part of 2024 Spending Plan Impact Assessment of Bitcoin Miners and Hashrates The government of the United States has been acting more aggressively again...
Arthur Hayes Drops A Hint That Bitcoin Will Soon Reach $1 Million
Table of contents Fed ponders urgent rescue for failing First Republic Bank – former BitMEX CEO Despite the looming global banking crisis, Bitcoin (BTC) has been able to experience a significant...
Over 440,000 Ethereum Added to Liquid Staking Derivatives in Two Weeks – Defi Bitcoin News
In less than two weeks, the total value locked (TVL) in liquid staking derivatives has increased by 441,110 ether, worth roughly $793 million. While Lido Finance dominates the market with 74.35% of th...
IMF Warns of ‘Very Serious Repercussions’ if US Defaults on Debt Obligations – Economics Bitcoin News
The International Monetary Fund (IMF) has warned of “very serious repercussions” to both the U.S. and the global economy if the U.S. defaults on its debt obligations, which could be as soon as June 1....
Deciphering the link between Bitcoin’s [BTC] block sizes and miner fees
Block size growth driven by Ordinals inscriptions and BRC-20 impacts the Bitcoin network. Bitcoin mining fees witnessed a historic rise as mining difficulty increased. In recent days, the rise of Ordi...
Fidelity’s Timmer: Bitcoin Rally Got Overheated
Alex Dovbnya Fidelity Director of Global Macro Jurrien Timmer has drawn strong parallel between market dynamics of Bitcoin and gold, while sounding alarm about Bitcoin’s potential overvaluation ...
Governor Ron DeSantis Signs Bill Prohibiting Use of Central Bank Digital Currencies in Florida – Bitcoin News
On Friday Florida’s governor Ron DeSantis signed legislation that bans the use of a central bank digital currency (CBDC) in the state. Following the bill SB 7054 being signed into law, Florida’s Unifo...
Cross-chain Bitcoin (BTC) Liquidity in DeFi Arrives via Wormhole
Tomiwabold Olajide Cross-chain Bitcoin (BTC) liquidity made possible by Solana’s Wormhole integration Wormhole has received tBTC integration, and Austin Federa, head of strategy at Solana Founda...
Bitcoin (BTC) Down to Almost Two-Month Low of $26,378 After Peter Brandt’s Warning
Yuri Molchan Leading digital currency keeps dropping since CPI release day Bloomberg Terminal data shows that the flagship cryptocurrency, Bitcoin, has almost reached a two-month low, now trading at t...
Canadian Bitcoin Miner HIVE to operate at 6 EH/s post ATM Sale
Canadian crypto mining company HIVE Blockchain, Hive being the ticker name, has announced that it plans to double its hash rate to 6 EH/s through common shares in at-the-market (ATM) offerings. This m...
BTC, ETH, XRP, BNB and ADA Price Analysis for May 11
Buyers could not hold the initiative for long, and almost all coins have returned to the red zone. Top coins by CoinMarketCap BTC/USD The rate of Bitcoin (BTC) has declined by 3.68% over the last 24 h...
How will lower interest rates benefit Bitcoin?
Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms, focusing on th...
$3.7M Worth of BTC Suddenly Moves After Close to 12 Years of Dormancy – Bitcoin News
On May 11, 2023, a long-inactive bitcoin wallet sprang to life and transferred a substantial 139.7 bitcoin worth $3.7 million. The address, established on June 19, 2011, has contributed to the year’s ...