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 ...

Price analysis 5/12: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Bitcoin and most major altcoins are slumping, but the charts suggest that a recovery could be around the corner. Bitcoin extended its decline on May 12, but analyst Philip Swift, co-founder of trading...

Bitcoin’s dive under $27K liquidates $100M — So why aren’t margin traders flipping bearish?

Bitcoin’s price (BTC) broke below its 55-day support at $27,000 on May 12. In result, the two-day, 7% correction to $26,155 caused $100 million worth of long BTC futures contracts to be liquidated. Ho...

‘Don’t short when it’s dark green’ — How to trade the 2024 Bitcoin halving

Bitcoin (BTC) is entering prime “buy the dip” territory as the clock ticks down to the 2024 block subsidy halving. That is the conclusion of several well-known market participants this month, with Bit...

Could Bitcoin Be Your Financial Lifesaver?

Large banks like Credit Suisse are faltering and requiring bailouts, which leads to the question: Is your money really safe in traditional banking systems during a banking crisis? With Bitcoin and oth...

Bitcoin miners accumulating coins despite sharp price drops

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin miners are  holding onto their coins and accumulating, despite recent price drops, records on May 12 shows.  Th...

Bitcoin (BTC) Faces Resistance at Key Price Point: Trader

Alex Dovbnya Bitcoin is grappling with key price point, according to market analyst Jake Wujastyk Bitcoin, the world’s leading digital currency, is grappling with a significant price hurdle, acc...

Do Kwon to Be Released on €400,000 Bail, Pleads Not Guilty in Montenegro – Bitcoin News

Terraform founder Do Kwon will be released from jail but placed under police surveillance at a local residence, a Montenegrin court has decided. The trial against him and another Korean, on charges of...

Bitcoin enters $26K ‘bearadise’ as BTC price approaches 2-month lows

Bitcoin (BTC) neared two-month lows on May 12 amid fears that a “head-and-shoulders” pattern would put bears ahead. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysis of BTC price: “...

New era of NFTs on Bitcoin network?

The Bitcoin (BTC) network is witnessing a paradigm shift as ordinals, an advanced breed of non-fungible tokens (NFTs), rapidly gain traction within the crypto sphere. April 2023 saw the daily ordinals...

Assessing Bitcoin’s [BTC] losses as it fails to recover from the fake news-induced FUD

The divergence between daily miner revenue and 365-day SMA has broadened since the start of 2023. The data on U.S. government’s BTC holdings didn’t show any decline since the beginning of May. Bitcoin...

Bitcoin Stumbles at $26K as Bears extend rule – Cryptopolitan

BTC price breaks below the 55-day support at $27,000, causing a 7% correction and liquidation of $100 million worth of long BTC futures contracts. Bitcoin price analysis shows Bitcoin broke below the ...

Bitcoin (BTC) Miner Riot Platform Sues Peer Rhodium Enterprises for Alleged $26M in Unpaid Fees

Riot claims that Rhodium “deliberately miscalculated” how much in hosting fees it had to pay for Riot’s hosting services. The two were supposed to share the net revenue from Rhodium&...

Top Analyst Says This Ethereum (ETH)-Based Altcoin Still a Great Opportunity, Breaks Down Bouncing Bitcoin

A widely followed crypto analyst believes one popular Ethereum (ETH)-based blockchain oracle is still an excellent opportunity for traders. Crypto trader Michaël van de Poppe tells his 656,500 Twitter...

Musk Hires New CEO for Twitter, ‘She Will Be Starting in 6 Weeks’ – Bitcoin News

Billionaire investor Elon Musk will be stepping down as chief executive of Twitter and taking on other roles in the company. The owner of the microblogging platform revealed he has hired a new CEO, me...

Bitcoin Stumbles at $26K, While Memecoin Mania Takes Over the Crypto Market

BTC price breaks below the 55-day support at $27,000, causing a 7% correction and liquidation of $100 million worth of long BTC futures contracts. Despite the price drop, Bitcoin’s margin and futures ...

Bitcoin (BTC) Loses 10% on the Week as Memecoins Like PEPE and DOGE Tumble

“The hype of meme coins is usually exciting, but often followed by a market crash, similar to what we saw with DOGE and SHIB two years ago,” said Youwei Yang, chief economist at publicly traded ...

BRC20 Token Economy Thrives Amidst Crypto Downturn, Surging 53% in Five Days – Bitcoin News

Despite the broader crypto-economy experiencing a downward trajectory, dropping 1.59% in the past 24 hours and hovering around $1.11 trillion, the BRC20 token economy has bucked this trend, expanding ...

Bitcoin Plunges Below $27,000, Which Holder Groups Are Selling?

Bitcoin has plunged below the $27,000 mark during the past day. Here are the market segments that are possibly participating in this selloff. These Bitcoin Investors Have Been Spending Their Coins Rec...

Bitcoin Community Divided Over BRC-20 Meme-Coin Fever Causing Congestion

Still, the core problem here is not that Bitcoin is being used to represent frog images per se, but that its value as an efficient, intermediary-free settlement system for transferring value of all ki...

Bitcoin Liquidity on Binance Has More Than Halved Since February: Kaiko

Binance trading volumes and liquidity have been steadily declining in the first quarter of 2023 amid the spate of U.S. banking failures and after ending its zero-fee promotion. The result? It’s led to...

$35,000 Still Main Target for Bitcoin (BTC), Suggests Analyst

Arman Shirinyan Despite setback, Bitcoin’s endpoint has not changed, suggests analyst Despite recent price fluctuations, the outlook for Bitcoin remains bullish, with predictions suggesting a po...

Lisk Foundation to sell 1,000 bitcoin for ethereum over 2.5 months

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Lisk Foundation, led by co-founder and CEO Max Kordek, will convert 1,000 bitcoin (BTC) to ethereum (ETH) over the ...