Month-on-month core Personal Consumption Expenditure rose 0.6% in Jan. 2023, higher than analysts’ 0.4% prediction and December’s 0.3% rise. The latest spending data affirmed earlier fears of a boomin...
Category: Bitcoin
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Crypto Market Analysis: Bitcoin And Ethereum Prices Tumble! Bottom Levels Waiting This Weekend?
Crypto Market Analysis: Since the last three days, Bitcoin and Ethereum have erased almost a significant percentage of the gain they made during the one-day surge. In addition, cryptocurrency investor...
Block’s Shares Jumped 7% Despite Declining Q4 Bitcoin Revenue
Block (formerly known as Square) – an American multinational technology conglomerate founded by Jack Dorsey – disclosed $1.83 billion of bitcoin revenue generated from its Cash App payment service in ...
Israeli Startup Chain Reaction Raises $70 Million to Build Blockchain Silicon – Blockchain Bitcoin News
Chain Reaction, a Tel Aviv-based blockchain startup, announced it has raised $70 million as part of its Series C funding round. The objective of the company is to expand its engineering staff to accel...
Wall Street is now pricing in a terminal rate of 5.25-5.50, after hot PCE data, BTC down over 3%
Quick Take Bitcoin is down -3.31% on Feb. 24 due to a hotter than expected PCE data. Traditional assets are also down on the day, which includes SPX (-0.22%), XAUUSD (-0.75%), and Nasdaq (-2.00%). Wa...
Bitcoin holds just under $24k – DXY breaks 105 for the second time this year as PCE comes in hotter than expected
Quick Take Feb. 24 saw an influx of macro data, which includes the PCE index, personal income, and consumer spending. PCE data came in hotter than expected. Headline y/y 5.4% vs. 5% Core y/y 4.7% vs. ...
Can Bitcoin Benefit From the PBoC’s Liquidity Injection?
There are new indications in favor of the thesis that the upcoming cryptocurrency bull market may be stimulated by Asian markets, particularly China. The very large amount of cash recently injected in...
What are Bitcoin [BTC] whales up to? Decoding…
BTC’s accumulation trend was interesting and could influence BTC’s price. On-chain metrics painted a neutral picture as a few of them supported the bulls. On 23 February, Santiment pointed out an int...
IMF Board Offers Guidance for Developing Effective Crypto Policies – Regulation Bitcoin News
The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto policies. The board stressed the need to develop comprehensive crypt...
Crypto Expert Forecasts Bitcoin Bull Run: BTC Price To $40,000 By Mid-2023
Positive market sentiment can be seen in 2023 as Bitcoin’s price has increased from $16,500 to $24,500 since the beginning of the year. The present market has prompted one prominent cryptocurrency tra...
Bitcoin 2024 halving will be its ‘most important’ — Interview with Charles Edwards
Bitcoin (BTC) stands at the start of a “new regime” after its early 2023 price gains, and next year will prove pivotal. That is the opinion of Charles Edwards, founder of quantitative Bitcoin and digi...
Whales Move 10K BTC Amid Major Liquidation Risk
Bitcoin News: Bitcoin price risks a massive fall today if it breaches the 22,000 level. BTC options with $1.8 billion value expire, with a Put/Call ratio of 0.66 and the max pain at $22,000. Similarly...
US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks – Regulation Bitcoin News
U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor di...
Bitcoin (BTC) May Hit $50,000, CryptoLaw Founder Believes, But There’s a Catch
Yuri Molchan John Deaton has commented on various opinions on Twitter regarding which way BTC price will head next Founder of CryptoLaw.US and pro-Ripple crypto enthusiast John Deaton, has left a comm...
Jack Dorsey’s Cash App Bitcoin Revenue Down 25% Over Previous Year
9 seconds ago | 2 mins read Bitcoin News The company’s Cash App division earned $35 million in Bitcoin, down 25%. In 2022, Block’s annual gross profit was $1.66 billion, up 40% from the previous year....
Bitcoin Falls 3% As PCE Rises 0.6% in January
Bitcoin (BTC) sank back to $23,000 on Friday shortly after the Personal Consumption Expenditure (PCE) price index registered a 5.4% annual increase, and a 0.6% monthly increase, in January. The higher...
Bitcoin continues to follow the liquidity plus the aggregation of central bank balance sheets
Quick Take As the global world faces extreme inflation, central banks try to rein in inflation by decreasing their balance sheets (quantitative tightening) and increasing interest rates. The blue line...
What if Bitcoin Price Reaches $30,000? How Will the Crypto Markets React?
The current consolidation of Bitcoin is nowadays compared largely with the previous consolidations of 2015, 2019, etc. The BTC price soon after the consolidation kick-started a magnificent bull run th...
BTC Lightning-Enabled Wallet BlueWallet to Shutdown Bitcoin Node Lndhub.io
Bitcoin wallet service provider BlueWallet has decided to shut down Lndhub.io, a Lightning Network node on the Bitcoin Network used to store and trade satoshis (sats) – the smallest denomination of th...
Two Ethereum Rivals Soar 93% and 45% in Just One Week, Far Outpacing Bitcoin and Crypto Markets
Two Ethereum (ETH) rivals are skyrocketing this week, far outpacing both Bitcoin (BTC) and the crypto markets in general. Filecoin (FIL) and Conflux (CFX) have risen 93% and 45% respectively during th...
Over $31M in Long Liquidations as Bitcoin Risks a Dip Below $23K
The last time the asset plummeted below the $23,000 territory was nine days ago. The Bitcoin derivatives scene has witnessed an estimated $31 million in long liquidations in the past 2 hours following...
Bitcoin Chain Demand Rises, But Slower Than Previous Cycles
On-chain data shows demand for Bitcoin has been returning recently, but the rise has been slower than what previous cycles saw at a similar stage. Bitcoin Active Addresses Haven’t Grown Much Recently ...
Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000 – Markets and Prices Bitcoin News
This week, Bloomberg Intelligence Senior Macro Strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. ...
Block’s Q4 report reveals a drop in bitcoin revenue
Block Inc. exceeded the expectations of industry analysts and experienced a rise in its share price through after-hours trading. However the company’s bitcoin (BTC) revenue is falling due to the price...
Bitcoin mining report: Feb. 24
Bitcoin mining stocks tracked by The Block were mostly lower on Friday, with a total of 18 companies seeing their share prices decline. Bitcoin fell 3.1% to $23,213 by market close. © 2023 The Block C...
NFT Sales Soar 138% in Past Week, Blur Market Dominates This Week’s ETH-Based NFT Sales – Markets and Prices Bitcoin News
Non-fungible token (NFT) sales have soared this past week, climbing 138.15% higher than the week before. Sales recorded between last Friday and Feb. 24, 2023, indicate that $801 million in NFT sales h...
Analyst Names ‘Must-Hold’ Level for Bitcoin (BTC) Bulls As Crypto Market Drops
A widely followed crypto analyst is highlighting the price level Bitcoin (BTC) bulls must hold as the crypto markets bounce. With BTC trading for $23,984 at time of writing, analyst Justin Bennett tel...
Block Inc’s Cash App Records Bitcoin Impairment in Q4 2022
Like many other companies, Block invested in Bitcoin when the digital asset price was skyrocketing. Multinational technology conglomerate Block (NYSE: SQ) said the Bitcoin gross profit from its Cash A...
How Can Bitcoin Fear And Greed Index Help Assess the Crypto Market Direction? – Cryptopolitan
The world of Bitcoin trading is not for the faint of heart. The cryptocurrency market is notoriously volatile, and prices can swing wildly in either direction within minutes. This unpredictability can...
Bitcoin’s Massive Rollercoaster and Coinbase L2 Network Base: This Week’s Crypto Recap
Bitcoin’s price has been on a rollercoaster throughout the past seven days, and it has failed to chart any significant increase (or decrease) throughout the period. However, it was particularly volati...