Browsing:BTC

Dormant Bitcoin Account Springs to Life, Moves $40 Million in Funds
11 months ago 2 mins read

Mysterious Bitcoin Whale Awakens, Transfers Around $38 Million in Funds

A long-dormant Bitcoin wallet, which held a significant sum of 1,432.93 bitcoins valued at $37.8 million, has recently transferred its funds to a new address. This move comes after more than a decade of inactivity, attracting attention within the cryptocurrency community. The wallet first received bitcoin back in April 2013, when the price per coin was a mere $195.40, as observed by on-chain analyst Lookonchain. This transfer is part of a series of similar movements witnessed in recent months, involving other long-idle addresses in the cryptocurrency space. Dormant wallet transfers $37.8 million worth of Bitcoin. After remaining inactive for over

Predicting the price of Bitcoin with a high degree of accuracy is challenging and many predictions may turn out to be incorrect
11 months ago 2 mins read

Should people stop predicting Bitcoin price?

While it’s true that predicting the price of Bitcoin with a high degree of accuracy is challenging and many predictions may turn out to be incorrect, it doesn’t necessarily mean that people should stop attempting to predict its price altogether. Here are a few reasons why predictions can still be valuable despite their inherent uncertainty: It’s important to approach predictions with caution and consider them as one piece of the puzzle rather than relying solely on them for investment decisions. Combining predictions with fundamental analysis, market research, risk management strategies, and a diversified investment portfolio can help mitigate risks and

PEPE Token Soars 16% After SEC Impact
11 months ago 1 min read

PEPE Token Skyrockets 16%, Terra Classic (LUNA) Jumps 15% as Bitcoin Recovers from SEC-Induced Downturn

Bitcoin has surprised the market by defying expectations and experiencing a rapid surge of $2,000 in just a few hours, despite facing a second high-tier lawsuit launched by the US Securities and Exchange Commission (SEC) against a crypto company. This positive momentum has also influenced altcoins, with Ethereum (ETH) nearing $1,900 and several others turning green. Altcoins Recover Alongside Bitcoin: Altcoins, which suffered significant losses alongside Bitcoin due to the SEC-related lawsuit, have seen a notable change in the market landscape. Ethereum dropped to $1,800 but has since rebounded with a 3.5% increase, approaching the $1,900 mark. Other altcoins have

The Bitcoin network was very active in May
11 months ago 1 min read

Bitcoin Transaction Fees Reach New Highs, Boosting Miner Revenue

The Bitcoin network was very active in May, with transaction fees reaching a two-year high. This led to a good month for miners, who earn a portion of the transaction fees as a reward for processing transactions. Ordinals and BRC-20 Activity Drive Up Transaction Fees The surge in transaction fees was driven by activity on the Ordinals and BRC-20 protocols. Ordinals is an NFT protocol that launched on Bitcoin mainnet in January, and BRC-20 is a sidechain that allows for the creation of decentralized applications on Bitcoin. Miners Earn More in Transaction Fees As a result of the higher transaction

Bitcoin and Crypto Markets Face Potential Tough Road Ahead, Warns Bloomberg Analyst
11 months ago 1 min read

Bloomberg Analyst Predicts Challenging Times Ahead for Bitcoin and Crypto Markets

According to Bloomberg Intelligence’s senior macro strategist Mike McGlone, the second half of 2023 could be bearish for Bitcoin (BTC) and the rest of the crypto markets. McGlone believes that risk assets, such as stocks and crypto, could get cheap in the coming months as he believes that an economic recession is on the horizon. “Risk assets can get cheap in recessions,” McGlone said in a recent note. “The cat-and-mouse game between the rallying stock market and watchful central banks could be an obstacle for risk assets. Cryptos are among the riskiest, and the inability of the Bloomberg Galaxy Crypto

While Bitcoin faced an 8.0% loss in value last month due to macro uncertainty, the network's activity remained remarkably robust.
11 months ago 1 min read

Bitcoin Network Hash Rate Reaches All-Time High in May

While Bitcoin faced an 8.0% loss in value last month due to macro uncertainty, the network’s activity remained remarkably robust. Despite market fluctuations, the daily network hash rate reached a record high, indicating the network’s health and security. This article explores the significance of the hash rate, analyzes the expectations of JPMorgan analysts regarding its potential slowdown, and highlights the increase in mining difficulty and transaction fees during May. Key Points:

Santiment believes that Bitcoin, XRP, and Litecoin are all undervalued at their current price
11 months ago 1 min read

Bitcoin Price To Catch Up With Rallying Stock Market, Says Santiment

Santiment, a market intelligence platform for crypto, has updated its outlook on Bitcoin, XRP, and Litecoin. Santiment believes that Bitcoin, XRP, and Litecoin are all undervalued at their current price, and that they could see further gains in the coming months. Bitcoin Santiment says that Bitcoin has mostly stayed flat amid the recent bounce in the stock market. However, the analytics firm believes that Bitcoin could soon follow suit and start to rally. Santiment points to the fact that the stock market has climbed to its highest level in about 10 months as the US government resolves the debt ceiling

Cryptocurrencies gained following successful negotiations on raising the U.S. debt ceiling that injected some optimism into markets.
11 months ago 1 min read

Bitcoin is back above US$27,000 Following U.S. Debt Ceiling Deal

Cryptocurrencies gained following successful negotiations on raising the U.S. debt ceiling that injected some optimism into markets. Bitcoin, the world’s largest cryptocurrency, rose 1.08% to US$27,076 in 24 hours to 4 p.m. in Hong Kong, bringing its weekly gains to 2.08%, according to CoinMarketCap data. Ether, the second biggest cryptocurrency in the world, gained 1.78% to US$1,886 in 24 hours, after rising 3.85% in the last seven days. Litecoin was the biggest gainer among the top 10 cryptos, climbing 2.25% to US$94.48 in 24 hours, and strengthening 8.35% on the week. It rose on stronger buying support from its third

Coinbase exchange announced today that it will launch Bitcoin (BTC) and Ethereum (ETH) futures contracts on June 5.
11 months ago 2 mins read

Coinbase to Launch Bitcoin and Ethereum Futures Contracts on June 5

Coinbase, the largest cryptocurrency exchange in the United States, announced today that it will launch Bitcoin (BTC) and Ethereum (ETH) futures contracts on June 5. The new contracts will be available to trade on Coinbase’s derivatives exchange, which is regulated by the Commodity Futures Trading Commission (CFTC). The launch of BTC and ETH futures contracts is a major development for the cryptocurrency market. It will allow institutional investors to gain exposure to Bitcoin and Ethereum through futures contracts, which are a more regulated and liquid product than spot trading. Institutional investors have been hesitant to invest in cryptocurrencies due to

The translation of the whitepaper enables Bitcoin to transcend national borders and reach a wider audience.
1 year ago 1 min read

Bitcoin whitepaper now accessible in 43 languages

The translation of the whitepaper enables Bitcoin to transcend national borders and reach a wider audience. It promotes a more decentralized and democratized approach to finance, which aligns with Bitcoin’s principles. The Bitcoin whitepaper, published in 2008, provided a comprehensive explanation of how Bitcoin operates as a decentralized, peer-to-peer digital currency without the need for intermediaries. It set the foundation for the creation of the Bitcoin network, which has since then become a global phenomenon. As Bitcoin continues to gain popularity worldwide, it is important that the community works together to ensure that language barriers do not impede its adoption.

BitMEX Founder Arthur Hayes
1 year ago 1 min read

BitMEX Founder Arthur Hayes Predicts Bitcoin to Surge by Over 3,400%

Arthur Hayes, the co-founder of BitMEX, has predicted a massive rally for Bitcoin (BTC), with the cryptocurrency expected to hit $1 million in value. Hayes says the rally will be fueled by changes in Federal Reserve’s monetary policy, particularly interest rate cuts. Hayes believes that the rate cuts are inevitable, as U.S. Federal Reserve Chairman Jerome Powell will have to reduce rates to counter recessionary concerns. The move will inject more liquidity into the markets, and Bitcoin’s price has typically done well when more liquidity is available. In addition to the interest rate cuts, Hayes points to the Bank Term

Bitcoin (BTC) has hit a new nine-month high of $26,533
1 year ago 1 min read

Bitcoin Surges to $26,000, Hitting a New High Since June 2022

Bitcoin has hit a new nine-month high of $26,533 on Tuesday, marking its fourth consecutive day of gains. This surge in value comes as a result of the chaos in global markets after the recent collapse of Silicon Valley Bank. The rise in Bitcoin’s price follows the expected rate of 6.0% YoY for the Consumer Price Index (CPI). On Sunday, Bitcoin gained 7.6%, and on Monday, it gained 9.1%, with the highest recorded price on Tuesday at around 1306 GMT. This increase in value highlights Bitcoin’s resilience despite its volatile past and the recent setbacks in the cryptocurrency market. The

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