Alex Dovbnya The largest cryptocurrency is seeing strong accumulation levels in spite of strong macro headwinds According to data provided by CryptoQuant CEO Ki Young Ju, Bitcoin accumulation has reac...
Tag: Bitcoins
Bitcoin’s correlation with gold reaches highest level in over a year
For a long time, the correlation of major cryptocurrencies such as Bitcoin (BTC) with established asset classes has been studied by traders and investors, including its correlation with gold, which ha...
Bitcoin’s Correlation with Gold Price Hits Yearly High
Bitcoin and Gold reached a monthly average correlation of 70%, which is an all-time high. The previous peak was 60%, which was reached earlier in the second quarter of 2020. It indicates that investor...
Data Shows Bitcoin’s Hashrate Has Grown by More Than 4 Quadrillion Percent Since 2009 – Mining Bitcoin News
Following the network difficulty change six days ago on September 27, Bitcoin’s hashrate surpassed the 295 exahash per second (EH/s) range two times during the first two days of October. Presently the...
Bitcoin’s Trading Volume Shoots up as British Pound Falls to an All-Time Low
Join Our Telegram channel to stay up to date on breaking news coverage The trading volume of Bitcoin skyrocketed as the British pound weakened to the US dollar and plummeted to its all-time low price....
Bitcoin’s Price Indeed Struggling to Retain $20K Mark
3 seconds ago | 2 mins read Bitcoin News BTC is now trading at $19,258 and is down 0.37% at the time of writing. The global market fell from a trillion to $926.78 billion. Bitcoin is battling to recup...
Is Bitcoin’s [BTC] low recent volatility the ‘calm’ before a ‘stormy’ uptrend
Bitcoin [BTC] investors closely watching its performance over the last few days may have seen lower volatility towards the end of September. This may just have been a likely outcome due to uncertainty...
Researchers allege Bitcoin’s climate impact closer to ‘digital crude’ than gold
The Bitcoin (BTC) bashing has continued unabated even in the depths of a bear market with more research questioning its energy usage and impact on the environment. The latest paper by researchers at t...
Bitcoin’s emission rate might surprise HODLers in this bear season
The bear market has been in effect for some time, and it may have resulted in Bitcoin reducing its emissions. The reports from the Cambridge Centre for Alternative Finance showed a decline in Bitcoin ...
Lightning Labs release new update to allow assets to be sent over Bitcoin’s network
Lightning Labs has released the initial code for the Taro protocol that will allow developers to mint, send, and receive assets on the Bitcoin blockchain. The developers described the development as t...
Bitcoin’s roller coaster ride had these turns to reach below $20k
Assessing the broader market condition, in the current times, cryptocurrency hype looks to be fading away into the mist as per Santiment. In fact, crypto-related commentary hasn’t been this scarce sin...
Bitcoin’s Trading Volume Reaches High Since June as Price Slips Below $18.8K
After touching the psychological price of $20K recently, selling pressure has emerged in the Bitcoin (BTC) market, causing the price to drop below $18,800. Furthermore, trading volume hit a three-mont...
Bitcoin’s Sustainable Energy Output Could Be In Decline, Says New Report ⋆ ZyCrypto
Advertisement     Bitcoin mining becomes even less green as the use of non-renewable energy for mining increases by 13%. Michael Saylor and other Bitcoin enthusiasts i...
South Korea Moves to Freeze Bitcoins Linked to Wanted Terra’s Do Kwon
South Korea has started making moves to freeze digital assets believed to be owned by Terra’s co-founder Do Kwon. Authorities detected that 3,313 BTC (approximately $67 million) were recently sent to ...
Is it Bitcoin’s time to shine? British pound drops to all-time low against the dollar
On Sept. 26, the British pound hit a record low against the U.S. dollar following the announcement of tax cuts and further debt increases to curb the impact of a possible economic recession. The volat...
Bitcoin’s Anemic Performance Is Good Thing, Analyst Claims
Alex Dovbnya Fact that Bitcoin is not dropping even lower should make you happy, this analyst says Edward Moya, market analyst at broker Oanda, recently told Barron’s that Bitcoin’s anemic...
Is post-Merge Ethereum PoS a threat to Bitcoin’s dominance?
While Ethereum (ETH) fans are enthusiastic about the successful Merge, Swan Bitcoin CEO Cory Klippsten believes the upgrade will lead Ethereum into a “slow slide to irrelevance and eventual death.” A...
Will Bitcoin’s (BTC) Price Surge to $21K this Weekend?
Bitcoin’s price is finding stability after a difficult week, trading at $19,000. External factors such as the South Korean government’s decision to ban cryptocurrency trading caused the market to stal...
Bitcoin’s assessment of the last 365 days reveals this about BTC’s future
Data from blockchain analytics platform, Santiment revealed that Bitcoin [BTC]‘s Market-Value-to-Realized-Value (MVRV) stood at -43. This was close to the lowest position the metric has clinched befor...
Bloomberg Analyst Says Bitcoin’s Relationship to Commodities Could Hint at a Price Recovery – Here’s Why
Bloomberg Intelligence senior commodity strategist Mike McGlone thinks Bitcoin’s (BTC) relationship to commodities could be indicating the top crypto asset is on its way to a price recovery. McGlone t...
Bitcoin’s 60% year-to-date correction looks bad, but many stocks have dropped by even more
Bitcoin’s (BTC) and Ether’s (ETH) agonizing 60% and 66% respective drops in price are drawing a lot of criticism from crypto critics and perhaps this is deserved, but there are also plenty of stocks w...
Here’s The Timeline When Bitcoin’s (BTC) Price Will Initiate Fresh Rally?
Over the past few days, the price of Bitcoin has been fluctuating primarily due to macroeconomic concerns. Following “The Merge,” the benchmark cryptocurrency was rejected for north of $20,000 and app...
Can Bitcoin’s struggles and volatility of Q3 overshadow BTC’s Q4 performance
The third quarter (Q3) of 2022 has been one filled with intense scrutiny of crypto assets with Bitcoin [BTC] at the heart of it. The king of crypto asset, recently, witnessed a dip in its tractions du...
Bitcoin’s trend favors the bears as price uncertainty persists
Bitcoin’s (BTC) price weakness continues to persist as bulls struggle to pull the asset’s value above the current crucial $20,000 physiological level. The bearish momentum will likely accelerate furth...
Bitcoin’s fragility of the moment has affected this BTC HODLer motto the most
Bitcoin [BTC] can be considered as one of the worst hit tokens since the Ethereum [ETH] Merge last week. The token even dived to its three-month lows since last week as it crashed to below $18,500. Ho...
Despite Market Crash, MicroStrategy Buys 301 Bitcoins Worth $6 Million
MicroStrategy has done it again. The Virginia-based business software company has bought additional 301 Bitcoins worth around $6 million to its balance sheet. According to a filing with the U.S. Secur...
Ethereum: Is the king of altcoins eyeing Bitcoin’s throne post the Merge
The Merge has finally launched on Ethereum [ETH] and nothing has been the same ever since. What had hoped to be a major bullish event has turned into a short-term beacon of pain for ETH traders. Howev...
Is Bitcoin’s Biggest Bull Getting Cold Feet?
Key Takeaways MicroStrategy has acquired an additional 301 Bitcoin at a purchase price of around $6 million, bringing its total holdings to roughly 130,000 Bitcoin. The latest purchase is significantl...
M. Saylor’s MicroStrategy buys the dip purchasing over 300 Bitcoins
In spite of the significant uncertainty in the cryptocurrency market, which has left Bitcoin (BTC) struggling to stay above $19,000, software company MicroStrategy (NASDAQ: MSTR) seems to remain undet...
MicroStrategy buys an additional 301 bitcoins, now holds 130,000 BTC
MicroStrategy (NASDAQ: MSTR) has added to its massive holdings with yet another haul, according to financial documents filed with US Securities and Exchange Commission (SEC) on 20 September 2022. As f...