Bitcoin (BTC) has been experiencing a bumpy ride lately. As of March 8, BTC was trading at $21,989, marking a drop of roughly 12% from its 90-day high of $25,134. BTC monthly price chart | Source: Coi...
Tag: Bitcoin
Coinbase Launches WaaS to Simplify Adoption of Web3 Wallets
Coinbase, a leading cryptocurrency exchange, has unveiled Wallet-as-a-Service (WaaS), a new business solution that simplifies the adoption of Web3 wallets. WaaS provides enterprises with a technical i...
Bitcoin exchange deposits decline, mimicking 2019’s bearish trend
Definition This chart presents the relative dominance of exchange-related deposits and withdrawals with respect to all confirmed transactions. This chart presents the following traces: Total Transact...
Bitcoin Could See More Price Decline As Silk Road BTC Moves To Coinbase
Bitcoin once again slid below the $22,000 price level following a particularly slow start to the week. This falls in line with the previously bearish trend that was triggered after the digital asset w...
XRP Hits 2-Week High, SHIB Marginally Higher – Market Updates Bitcoin News
Xrp rose higher for a third straight session on Wednesday, as prices moved to a two-week high. The rise comes despite market sentiment remaining largely bearish, with the global market cap trading 1.2...
Bitcoin Withdrawals Are Above Deposits Since FTX Crash
On-chain data shows that Bitcoin transactions going out of exchanges have been greater than the number of them going in since the FTX collapse. Bitcoin Exchange Withdrawals Have Been Above Deposits Re...
Bitcoin holds firm on strong economic data, while Powell testifies to House discussing CBDC
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GBTC discount narrows, bitcoin trades above $22,000 as Silvergate leads drop in stocks
Markets • March 8, 2023, 11:04AM EST Grayscale’s premier fund traded higher as its discount narrowed following what some perceived as a successful day in court. Crypto prices slipped across the ...
Bitcoin Price Analysis: Weaker to 21851
BTC/USD Weakens to 21851: Sally Ho’s Technical Analysis – 9 March 2023 Bitcoin (BTC/USD) continued to suffer from bearish momentum early in the Asian session as the pair depreciated to the 21851.77 l...
Investors adopt risk-off approach as Bitcoin futures OI plummets to YTD low
Definition The total amount of funds (USD Value) allocated in open futures contracts. While crypto backed-margin is the percentage of futures contracts’ open interest that is margined in the nat...
Bitcoin Volatility Picks Up as Powell Reiterates Inflationary Pressure Higher Expected
The Bitcoin price has picked up some steam throughout the past few minutes, and the primary reason for this seems to be the fact that Jerome Powell is testifying before Congress. The Chairman of the ...
Bitcoin clings to $22K as US dollar strength rises to December levels — What’s next?
Bitcoin (BTC) fell to three-week lows on March 8 as stronger-than-expected employment data from the United States dampened risk assets. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Emplo...
US Government Abruptly Transfers $217,000,000 in Bitcoin to Coinbase: PeckShield
A crypto analytics firm says the US government is suddenly transferring massive amounts of Bitcoin that it seized from the defunct, nefarious marketplace Silk Road. According to PeckShield, the US jus...
Bitcoin Mining Becomes More Accessible with DIY Kit
Bitcoin mining has become increasingly expensive and inaccessible for many people who are interested in getting started. So, Jack Dorsey, CEO of Block, Inc., has come up with an innovative solution. H...
Is Bitcoin Headed to $21K or Will the Bulls Bounce Back? (BTC Price Analysis)
After forming a bearish three-drives reversal pattern, the price has recently dropped below the neckline, delivering a significantly bearish signal for the short-term outlook. As of now, BTC faces an ...
Huge Move Incoming For Bitcoin? 10K BTC Seized by the US Govt Sent to Coinbase
Glassnode has detected the movement of approximately 40,000 Bitcoins tied from wallets tied to seizures conducted by US law enforcement. The transfers have sparked concerns about a sell-off primarily ...
Trader Who Nailed Bitcoin and Crypto Turnaround Says He’s Accumulating An Additional Altcoin As Markets Retrace
A trader and analyst who began accumulating Bitcoin at its absolute bottom late last year says he’s now accumulating an additional altcoin. As BTC and the greater crypto markets pull back, the pseudon...
Environmental Impact of Bitcoin Mining ‘Deserves the Spotlight’: US Senator Markey
U.S. Senators are again taking a closer look at Bitcoin mining. Senator Ed Markey (D-Massachusetts) chaired a session of the Committee on Environment and Public Works yesterday, focusing on the energy...
Bitcoin Belted by Rate Fears
Bitcoin fell to a three-week low Wednesday as Federal Reserve Chairman Jerome Powell’s hawkish testimony to the U.S. Senate Banking Committee on Tuesday spurred traders to price in a higher R...
BTC Falls Below $22,000, as Powell Warns of Higher Rates – Market Updates Bitcoin News
Bitcoin moved below the $22,000 level on March 8, as markets continued to react to U.S. Fed Chair Jerome Powell’s testimony. Speaking in front of the Senate Banking Committee, Powell said he expected ...
Bitcoin thought leaders weigh the pros and cons of Ordinals
Ordinals are here to stay. Ordinals, or the ability to permanently ink the Bitcoin (BTC) blockchain with data, typically in the format of a picture or jpeg, are a controversial topic among some member...
Like Venezuela, Some Retailers in Argentina Are Now Pricing Items in Dollars – Economics Bitcoin News
Some retailers in Argentina are already pricing imported items in U.S. dollars, according to reports from local news outlets. The idea behind this would be to keep prices stable and avoid repricing ar...
Bitcoin and Ethereum: forcasting futures trends
Let’s take a look at the value that analysts are forecasting for Bitcoin and Ethereum in the medium and long term. The key factors of more or less accurate forecasting: Bitcoin and Ethereum Price anal...
Invest in the Future – Press release Bitcoin News
press release PRESS RELEASE. It is incredible to see the utilisation of AI in every industry in some shape or form, but above all else, companies such as ChatGPT or DALL-E that are able to respond to ...
Brace for BTC price volatility? Bitcoin ‘coin days destroyed’ metric jumps to 2-month highs
On March 8, the U.S. government moved 49,000 Bitcoin worth $1 billion seized from the Silk Road. The transfer was accompanied by Bitcoin’s (BTC) price slipping below $22,000, as well as a noticeable s...
Bitcoin Miner Spent $1.65 Million On a Private Aviation Business
1 Core Scientific is the world’s biggest bitcoin miner with a 10% share of global BTC hash rate. 2 Stone Tower Air was the last recipient of payment from Core Scientific prior to bankruptcy fili...
Jack Dorsey’s Block seeks feedback on its bitcoin mining kit
Jack Dorsey’s Block is calling on members of the public to give feedback concerning the features they want in its open-source silicon-based bitcoin (BTC) mining hardware system under development. Nea...
Ordinals enable first-ever Bitcoin sovereign rollup
Bitcoin developer Casey Rodamor’s launch of Ordinals continues to emanate shockwaves of unintended outcomes. His innovative, controversial use of Bitcoin’s Taproot and Segwit upgrades has not only cre...
Despite 82% drop in quarterly revenue, Bitcoin mining hardware manufacturer Canaan remains optimistic
Ad Canaan, a Chinese manufacturer of application-specific integrated circuit (ASIC) mining machines for Bitcoin, reported an 82% drop in revenue in Q4 2022, according to a filing with the United State...
Third-largest YTD Bitcoin exchange withdrawal driven by whales
Definition Breakdown of the net flow of coins into/out of exchanges by the USD value of the transactions. Quick Take Roughly $200 million of Bitcoin was withdrawn from exchanges yesterday, the third m...
Grayscale vs SEC: ready for a Bitcoin ETF?
The lawsuit between Grayscale and the Securities and Exchange Commission (SEC) regarding the release of a Bitcoin ETF continues. A breakthrough in the case appears to have come Tuesday after judges co...