Druk Holding & Investments – the investment arm of the Royal Government of Bhutan – partnered with the Nasdaq-listed company – Bitdeer Technologies Group – to introduce a $500 million fund that sh...
Category: Bitcoin
Live Bitcoin News Updates.
Key Reason Behind Bitcoin’s Most Recent Price Spike
Alex Dovbnya As shares of U.S. regional banks continue to suffer significant losses, Bitcoin’s price has spiked, reaching an intraday high of $28,621 The price of Bitcoin, the flagship cryptocur...
Bitcoin Daily Transactions Hit All-Time High With 3 Million Ordinals Inscriptions
The total fees paid for Ordinal inscriptions topped 272 BTC, around $7.6 million on Tuesday, according to a Dune Analytics dashboard. On Monday alone, over 372,000 inscriptions were created on the Bit...
Here’s Why Bitcoin’s Price May Not Reach $30,000-Will FOMC Offer Require a Boost?
The Bitcoin price is undergoing a pretty rigid phase as it is failing to inculcate the required momentum to hit $30,000. The bears are successfully restricting the price at the interim threshold as th...
No Decision On Fed Rate Hike Pause, Bitcoin Drop
US Fed Chair Jerome Powell said the central bank will take a data driven decision approach to determine the extent of further interest rate hikes. He made the comment in the post FOMC press conference...
Federal Reserve Raises Interest Rate by 25bps, Insists ‘US Banking System Is Sound and Resilient’ – Bitcoin News
The U.S. Federal Reserve, in conjunction with the Federal Open Market Committee (FOMC), announced on Wednesday that the central bank would raise the federal funds rate by 25 basis points (bps), as was...
For Immediate Profits, Experts Advise Investing in DigiToads (TOADS) presales instead of Bitcoin (BTC) or Aave (AAVE)
Well-established cryptocurrencies like Bitcoin (BTC) and Aave (AAVE) have proven to be reliable investments in the long run. Still, with the changing landscape, they may not always provide the immedia...
Bitcoin Rally May Not Have Hit Top Yet, Here’s Why
The historical pattern in this Bitcoin on-chain indicator may suggest that the ongoing rally hasn’t reached its top yet. Bitcoin 1-Year Inactive Supply Has Continued To Go Up Recently According to a p...
New BRC-20 Token Trend Goes Parabolic on Bitcoin (BTC) Network As Transactions Skyrocket Above 2,400,000
A new token standard on Bitcoin (BTC) has taken off, sparking a flurry of new activity on the largest blockchain by market cap. BRC-20 is a new experimental token standard built for Bitcoin, created b...
Fed raises rates by 25bps; Bitcoin remains essentially flat
Quick Take The Federal Open Market Committee (FOMC) has decided to raise rates by 25 basis points, taking the Fed funds rate to 5%- 5.25%. The Fed funds rate is now in line with CPI inflation which is...
Fed Announces 25bps Rate Hike to 5%, Bitcoin Remains Flat
The Federal Reserve announced another small increase to its benchmark rate on Wednesday, bringing it between 5% and 5.25%. Bitcoin’s price remained relatively flat on the announcement, fluctuating be...
Price analysis 5/3: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin and select altcoins are showing a continuation pattern, indicating indecision among the bulls and the bears. Investors seem to have priced in a 25 basis points rate hike by the United States F...
Michael Saylor Says Banking Crisis Is Driving Bitcoin Adoption
Microstrategy’s Michael Saylor believes that the fiat and banking crisis is driving the adoption of Bitcoin. Bitcoin’s recent rally led to a significant reduction in Microstrategy’s BTC impairment los...
Bitcoin Halving Pushes Bitcoin Mining East
Renewables-based mining prospects are flourish in Bhutan and Kenya after the China mining ban and more recent U.S. restrictions. African miner Gridless funds microgrid projects with Bitcoin mining rev...
BRC20 Token Standard Sparks Frenzy in Bitcoin Community With Market Cap Surpassing $95 Million – Bitcoin News
As of May 3, 2023, the Bitcoin blockchain has witnessed a staggering 3.35 million Ordinal inscriptions, and a new experimental token standard known as “Bitcoin Request for Comment,” or BRC20, has garn...
Balaji Srinivasan ‘Burns’ $1 Million in Bitcoin to Prove a Point
Ex-Coinbase CTO Balaji Srinivasan today said that he has now settled a high-profile Bitcoin bet made in March by donating $1.5 million of his own money. And he’s done it to prove a point, he says, tha...
Coinbase Ex-Executive Balaji Exits Early From $1M Bitcoin Bet, Why He Called It Quit?
Former Coinbase executive Balaji Srinivasan has exited early from his $1 million Bitcoin bet, leaving many in the crypto community wondering why he called it quits. On March 16, a self-proclaimed Tax ...
Analysts: Bitcoin Will Continue to Benefit from the Banking Crisis
Now that 2023 has arrived, bitcoin has found fresh ground following the ongoing banking crisis that has led to the closure of institutions like Silvergate, Silicon Valley Bank, and Signature. Bitcoin ...
Feel the Thrill of Your Favorite Game – Press release Bitcoin News
press release PRESS RELEASE. Do you hear the distant roar of numerous stadiums? Are you ready for the next sport challenge? Do you want to resonate with the vibe of the game? If the answer is positive...
Bitcoin Liquidity On The Move Ahead Of Major Event
As the Federal Reserve (Fed) prepares to announce its decision on interest rates, Material Indicators, a research and analysis firm in the cryptocurrency market, is keeping a close eye on the Bitcoin ...
Analytics Firm Glassnode Tackles Rumors That Mt. Gox and US Government’s Bitcoin Is on the Move
Crypto analytics firm Glassnode says the defunct crypto exchange Mt. Gox is not moving Bitcoin (BTC) at this time. Mt. Gox used to handle over 70% of Bitcoin’s trading volume, but it went bankrupt in ...
Will the Upcoming FOMC Meeting Trigger Bitcoin Price Rally?
4 hours ago | 2 mins read Exchange News The Federal Open Market Committee meeting will be held on Wednesday at 18:00 UTC. Bitcoin (BTC) soared over 1.5% in the last 24 hours. This year, the price of B...
Bitcoin limps into FOMC as flagging volume adds to BTC price hurdles
Bitcoin (BTC) hit daily lows at the May 3 Wall Street open as markets counted down the hours to the Federal Reserve interest rate decision. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView ...
Kazakhstan’s Bitcoin mining industry has several challenges ahead
In May 2023, Kazakhstan’s share of the global Bitcoin mining hashrate stood at 4%, down from its peak of 18% in October 2021. Kazakhstan’s mining industry boomed between 2020 and 2021, driven by cheap...
Can The Bitcoin Price Survive Today’s FOMC Statement? Here’s What Experts Think
The Bitcoin price gained approximately 2.3% in the past 24 hours to trade around $28.6k on Wednesday, as the cryptocurrency market awaits the release of the United States Federal Reserve‘s third inter...
Global Loss of Confidence in Fiat Boosting Bitcoin Adoption: Michael Saylor
With several market analysts giving their takes on the key driver behind this renewed surge, MicroStrategy’s former CEO, Michael Saylor, recently expressed his view on the matter. Inflation and Counte...
Bitcoin Ordinals NFT: Inscription over 3 million
Bitcoin Ordinals NFT registrations literally skyrocketed to 3.4 million last week. This was an all-time high for daily BTC transactions, despite skyrocketing fees. Bitcoin Ordinals NFT and the All-ti...
BTC Consolidates Below $29K but is This the Calm Before the Storm? (BItcoin Price Analysis)
Bitcoin’s price has been consolidating between the 50-day moving average at $28,310 and the $30K resistance region. However, it seems likely to break out of this decisive range, determining its upcomi...
MATIC Rebounds, as SOL Falls Back Towards Support – Market Updates Bitcoin News
Polygon climbed higher in today’s session, as cryptocurrency markets marginally rebounded on Wednesday. The global crypto market cap was up by nearly 1% earlier in the day, as Tuesday’s losses eased. ...
$24,400 May Be Next Major Level Of Support For Bitcoin, Here’s Why
Historical data of an on-chain indicator may suggest that the $24,400 level could be a major level of support for Bitcoin right now. Bitcoin STH MVRV Would Hit 1.0 If Price Declines To $24,400 Accordi...
$30,000 Next for Bitcoin (BTC), Bears Are Wrong
Arman Shirinyan Co-founder of one of biggest analytical platforms believes Bitcoin is poised for move up Glassnode’s co-founder recently shared his insights on the future of Bitcoin (BTC), stati...
Experts Predict: Will Bitcoin (BTC) Hit $40,000 or Plummet to $26,000?
As the crypto market anticipates another crucial rate hike decision from the U.S. Federal Reserve amid a brewing banking crisis and debt ceiling concerns, Bitcoin and Ethereum continue to gain momentu...