Bitcoin (BTC) could be set for a repeat of this week’s run to weekly highs after Blockchain protocol Terra appeared set to buy another $125 million of BTC. A wallet thought to belong to Terra bu...
Tag: Bitcoins
2% of Bitcoin’s Total Supply Now Tokenized on Ethereum – Trustnodes
Ethereum is more and more acting like bitcoin’s actual second layer with close to 2% of bitcoin’s current total supply (19 million) now running on eth. Data from BtcOnEthereum, a tokenized bitcoin on ...
These Are Bitcoin’s Two Upside Targets on the Path to $50K
Bitcoin was unable to continue above $43K despite its most recent attempts to do so. The price has circled back to $42,000. In this analysis, we take a closer look at the main technical challenges bef...
AAX Exchange Integrates Bitcoin’s Lightning Network for Fast and Cheap Transactions
Vladislav Sopov Mainstream second-layer solution for Bitcoin (BTC) scalability is now avaliable for AAX Exchange clients Contents Bitcoin Lightning Network goes live in AAX Exchange Satoshi Standard (...
“Optical proof-of-work” would reduce bitcoin’s energy demand and improve geographic distribution of hashrate, proponents argue
Simply shifting the cost curve to up-front cost might lead to the exact opposite centralization problem. Instead of most bitcoin mining ending up near cheap, abundant energy sources that popped up in ...
Crypto Analysts Reveal End Of Bitcoin’s Four Year Cycles; Here’s What It Means
Over the years, market analysts have held that Bitcoin price trends are tied to its four-year halving cycles. However, some analysts, including on-chain analyst Willy Woo, have suggested that the Bitc...
Bitcoin’s Network Activity Is Soaring. What Comes Next?
Key Takeaways Bitcoin has risen by nearly 13% over the past week. A spike in network growth and open interest point to further gains. Breaching the $42,100 resistance level would validate the optimis...
Revisiting Bitcoin’s Energy ‘Problem’ in the Face of ESG Investment Mandates
The preceding point about transaction validation is important because it is enticing to compare the energy density of Bitcoin transactions to something like Visa (V). Bitcoin can only handle seven tra...
On-chain Analyst Reveals Catalyst For Bitcoin’s Bullish Bounce Back
The Bitcoin market has been consolidating for the past two months as indicated by sideways price action. However, on-chain analyst Will Clemente has pointed to some key levels that may signal market u...
5 “next bitcoins” that weren’t
The world of blockchain gets so many new projects that it’s easy to forget the ones that that fizzled out. Whereas every new “Ethereum killer” gets attention, as do disaster projects like HashOcean an...
Here’s a look at Bitcoin’s supply side dynamics and why its important
Despite the recent cryptocurrency market volatility, the amount of Bitcoin in the crypto wallets of long-term holders consistently increased. At press time, BTC was consolidating around the $40k mark ...
This is Why Bitcoin’s (BTC) Price Will Surge Above $40k Soon!
The largest cryptocurrency by market cap is still consolidating below $40,000 and has yet to display any conclusive indicators that would indicate the trend’s direction. Bitcoin’s price recently tried...
Bitcoin’s Sudden Spike Toward $42K Leaves $200 Million in Liquidations
A few hours ago, the bitcoin price spiked to $41,700, charting an increase of 5.6% in less than an hour. Unfortunately, the cryptocurrency retraced just as quickly and left over $200 million in liquid...
Examining the source of Bitcoin’s selling pressure and its awaiting consequences
Bitcoin prices continue to consolidate this week, compressing into an increasingly tight area below the $40k mark. Long-term holders seem to run out of patience as accumulation trends softened in the ...
A 60% Altcoin Rally Incoming! Will Bitcoin’s Trade Off Help Kickstart A Massive AltSeason This Q2?
The world of digital currencies has been yearning for a bullish rally of altcoins, ever since the fourth quarter of the year. The Altseason has found no ends meeting, amidst the supercycle, and a host...
Combining Bitcoin’s Best Attributes With Features of Established Fiat Will be Revolutionary: Deloitte
Deloitte believes Bitcoin and cryptocurrencies can help deliver a payment system that is fast, secure, effective, can facilitate efficient cross-border transactions, but there are challenges to overco...
Bitcoin’s Consolidation Likely to End by Huge Move Following FOMC Meeting: BTC Price Analysis
Since early 2022, the bitcoin price has been trading inside a range, forming two critical supply and demand levels. The following analysis aims to identify those supply and demand zones that form thi...
Bitcoin’s Consolidation Continues amid Addresses Holding BTC Scaling the Heights
Bitcoin has consolidated between the $38K and $45K zone for the past two months, as indecisiveness continuously rocks the market. On-chain analyst Will Clemente acknowledged: “BTC has been in th...
Bitcoin’s global carbon footprint accounts for 0.19%, is green energy the solution?
According to a study run by Bankless Times, the carbon footprint created by Bitcoin mining globally accounts for 0.19%, which is the same amount the Czech Republic emits as an entire country. Data col...
EU votes against a de-facto ban on Bitcoin’s POW consensus method in MiCA draft
The ECON committee of the European Union voted against a de-facto ban on cryptocurrencies that rely on the proof of work consensus protocol, like Bitcoin, that was included in the latest draft of the ...
Bitcoin’s got 3 strikes, but investors remain calm despite price drop
After Bitcoin (BTC) faced its third consecutive rejection, investors became more confident in adding altcoin positions. For the leading cryptocurrency, the path to $50,000 appears more challenging tha...
Elon Musk: I don’t sell my Bitcoins
Elon Musk will not sell his Bitcoin, Ethereum and Dogecoin. The eclectic CEO of Tesla said this in a tweet in response to Michael Saylor, CEO of Microstrategy. Elon Musk holds on to his Bitcoin It all...
BTC Holders Not Selling Amid Market Correction As Bitcoin’s Illiquid Supply Rises 3.2X
Data from on-chain analytics firm Glassnode shows that despite price volatility, rising inflation, and geopolitical tensions, the majority of the BTC supply has not left its wallet since the start of ...
Bitcoin’s Hashrate Jumps 15% Higher in 10 Days, Mining Difficulty Expected to Rise – Mining Bitcoin News
After bitcoin miners caught a break ten days ago when the difficulty dropped 1.49% lower, the network’s hashrate increased more than 15% since then. Currently, the processing power has been coasting a...
Hedge Funds Are Quietly Investing Billions Of Dollars Towards Bitcoins, Ether, And Other Cryptocurrencies, According To One Latest Study
Hedge fund Brevan Howard launched a new flagship vehicle called BH Digital in January, claiming growing demand. The fund, which manages slightly more than $250 million, also stated that the new unit i...
Professor At Wharton Encourages The Federal Reserve To Bite The Bullet As Well As Protect The US Dollar, Warning Against Bitcoin’s Takeover
The Federal Reserve is so far behind the curve that they have a lot of inflation embedded in, and that the Fed will have to increase many more times than the market expects. In response to Federal Res...
What is compressing Bitcoin’s price under the psychological $40,000 mark
On different bearish occasions, Bitcoin long-term holders remained unfazed with the market trends. While many investors preferred exiting their Bitcoin positions, LTHs continued to HODL. Doom and Gloo...
Michael Saylor appreciates Bitcoin’s Scarcity, prefers BTC over Gold
MicroStrategy CEO Michael Saylor is always optimistic about Bitcoin and often gives his opinions regarding the potential of the cryptocurrency. Gold is another commodity, but Bitcoin’s scarcity makes ...
207,000 Bitcoins Have Exited Exchanges From Late July Till Present
Despite the present bearish trend of the market, Bitcoin balances on leading exchanges remain a source of bullish expectations. Glassnode’s latest on-chain report notes that aside from a few exchanges...
Bitcoin’s Volatility on US Inflation Reports and Stacks’ STX 33% Explosion (Market Watch)
The past 24 hours were once again filled with considerable volatility, although it failed to result in any significant directional change for Bitcoin and the majority of altcoins. The market is pretty...
Michael Saylor Praises Bitcoin’s Scarcity, Says Gold Is A Commodity
CEO of MicroStrategy Michael Saylor remains one of the most vocal supporters of bitcoin. Countless times in the past, Saylor has always lauded the benefits of the digital asset, which he says is the b...