Glassnode released its first on-chain video report of 2023 on Tuesday, reviewing what could be data-based indicators of an emerging crypto bull market. The firm noted that both Bitcoin and Ether’s price and on-chain activity have seen little volatility since the year began – a period like others that have historically preceded “explosive market moves.”...Read More
The internet has become quickly fascinated by ChatGPT – the language model chatbot that seems to effortlessly provide long-form answers to any question. Crypto Twitter seems especially fascinated with the AI bot – from Casa founder Jameson Lopp to Twitter’s new chief and Dogecoin enthusiast, Elon Musk. We decided to ask ChatGPT a number of...Read More
The cryptocurrency payments company – Wyre – said it received financial backing that enabled it to continue its “normal course of operations.” It previously imposed withdrawal limits on customers, hinting about a potential liquidity crisis. Back to Normal Wyre announced it obtained vital support from a “strategic partner,” which allowed the company to lift the...Read More
The pioneering cryptocurrency, Bitcoin, has recently broken through the $18,800 mark after struggling to move beyond $17,000. This bullish trend has affected the entire crypto market, as most of the major cryptocurrencies are currently controlled by bulls. Additionally, the global crypto market capitalization has risen by 2.87% in the last 24 hours, and is currently...Read More
Crypto markets today have been fairly trading under the bullish influence which was fueled by the latest CPI price which was lowered to 6.5%. The Bitcoin (BTC) price began rising high with the speculations of the latest CPI rates, which surged magnificently on the announcement. Now that the inflation rates have been lowered, it could...Read More
Bitcoin has returned to $19,000 for the first time since October, soaring beyond its low trading range established after FTX’s collapse. The move has many on crypto twitter calling for a new bull market – though some believe it’s a bull trap. Bitcoin traded for $17,911 early on Thursday, experiencing some volatility after December’s CPI...Read More
The crypto space is curiously waiting for the Consumer Price Index (CPI) data which is scheduled to be released today, Jan 12 2023. The crypto market sentiment ahead of CPI release seems to be quite positive as the world’s largest cryptocurrency by market cap, Bitcoin has surged beyond $18,000 levels. Bitcoin price rally has influenced...Read More
El Salvador faced a tough year after making Bitcoin legal tender in the country. But the country’s Legislative Assembly voted to pass a historic – Digital Asset Issuance legislation – that is expected to set the stage for the issuing of President Nayib Bukele’s bitcoin bonds, aka, the Volcano Bonds. The new law will focus...Read More
Bitcoin and its brethren appear to be healing from the damage done by the FTX collapse and the contagions that followed. The asset hit an intraday and two-month high of $18,287 during the Thursday morning Asian trading session. BTC has now gained 10% over the past fortnight and is up 4.2% over the last 24...Read More
One of the leading bitcoin mining companies – Core Scientific – mined 1,356 BTC in November and 1,435 BTC in December. It also boosted its self-mining hashrate from 15.4 EH/s to 15.7 EH/s. The positive performance comes even though the company filed for Chapter 11 bankruptcy protection at the end of December last year. Over...Read More
Financial markets for everything, including crypto, remain on pause as we mark off the first week of 2023. At this time of global economic uncertainty, people are holding their cash close. Here’s why it’ll be increasingly important for governments to hold their Bitcoin close. Bitcoin’s price barely budged after the release of the latest jobs...Read More
Bitcoin Price Bitcoin price has been tirelessly working to surge beyond $17,000, which has become a new point of control in recent times. After being stagnant for nearly a month, the volatility has marked its bottom and pushed the long-term holders into a deep loss while short-term holders extract small profits. However, in the upcoming...Read More
2022 saw many crypto-assets lose value, prompting investors to pull their money from the market. During turbulent times, inflows plummeted massively. According to the latest report by CoinShares, the digital asset inflow was recorded at $433 million, the lowest in four years. The last time figures were hovering near the current level was in 2018,...Read More
Creditors of the defunct cryptocurrency exchange Mt. Gox have received more time to select and register how they wish to receive compensation from the company. According to a document from the exchange’s trustee Nobuaki Kobayashi, the registration deadline, which was previously set as January 10, 2023, has been extended to March 10 (Japan time) after...Read More
The Grayscale Ethereum Trust (ETHE) has fallen to a record discount of -60% as fears over liquidations mount. The discount to net asset value (NAV) had been between -25% and -35% up until early November when FTX collapsed. It has since plummeted to its lowest-ever level this week. The Ethereum Trust is the firm’s second-largest,...Read More
Erik Voorhees – CEO of ShapeShaft and an outspoken proponent of bitcoin – believes it could take between six months and three years before the next crypto bull run occurs. He also predicted that the primary cryptocurrency could surge to $40,000 by the summer, representing a 140% increase compared to current valuations. ‘It Won’t be...Read More
The streak of bankruptcies and price declines has dampened glimmers of positive progress. But Bitcoin just turned 14 today. January 3 is known as Bitcoin Genesis Day for the first block of BTC ever mined by Satoshi way back in 2009, which paved the way for the cryptocurrency as we know it today. The first...Read More
The Consumer Price Index (CPI) releases showing the current inflation rate in the USA and the Federal Open Market Committee (FOMC) meetings which determine the rate hikes in the country, have resulted in significant price swings in the cryptocurrency market over the past several months. In the following, we take a look at the events’...Read More
Veteran Bitcoin core dev Luke Dashjr took to Twitter on January 1st to reveal that his PGP key was compromised in a hack that resulted in the loss of a significant amount of BTC. Dashjr added that he was unaware of how this happened. According to CZ, the dev lost over 200 BTC, which is...Read More
Robert Kiyosaki believes the US regulators will go hard against most alternative coins once they are classified as securities. As such, the author of several best-seller books continues to invest only in bitcoin, which the CFTC and even the SEC have said is a commodity. Kiyosaki on BTC and Altcoins The 75-years old US entrepreneur,...Read More
Publicly-traded business intelligence company MicroStrategy revealed that it sold part of its bitcoin stash on December 22 for tax purposes. Although the firm later purchased more bitcoins, the sale defied its promise of never selling any portions of its BTC stash. MicroStrategy Sold BTC for Tax Benefits As reported earlier, MicroStrategy purchased 2,395 bitcoins worth...Read More
Santiment, a blockchain analytics platform, has released an analysis on Bitcoin (BTC) that looks into how whale behavior will affect the price of the king cryptocurrency. The group of Bitcoin owners who hold between 1,000 and 100,000 BTC is recognized for being a solid indication of the direction that the price will go in the...Read More
The price of Bitcoin dropped significantly in 2022 before the abrupt collapse of FTX last month. This was due to rising interest rates, increased association with overvalued tech stocks, and instability in other parts of the cryptocurrency ecosystem. Currently, the price of Bitcoin is around $16,604, with a market capitalization of $319,554,631,816.13. This year, Bitcoin...Read More
Bitcoin mining, like the rest of the cryptocurrency industry this year, has taken a serious hit. As we approach 2023, with the hope that the market will flip and crypto prices will recover, industry analysts predict that Bitcoin miners will continue to face hardships. More and more enterprises will need to be vertically integrated by...Read More
Bitcoin (BTC) has had a precipitous decline in value since it reached a spectacular all-time high of $69k in late 2021; at the time of this writing, it is barely hovering at $16,500. A well-known crypto expert known as Rekt Capital has posted a forecast on when the king cryptocurrency would achieve a new all-time...Read More
Sitiveni Rabuka became Fiji’s 12th Prime Minister after winning the country’s elections earlier this month. The 74-year-old, commonly known by his nickname “Rambo,” is a proponent of bitcoin. Former member of Parliament of Tonga Lord Fusitu’a applauded the Rabuka for his success, supporting the idea of Fiji and Tonga embracing the primary cryptocurrency as legal...Read More
The American business intelligence corporation – MicroStrategy – bought 3,205 BTC between November 1 and December 24. The company sold 704 BTC on December 22, meaning its total holdings currently stand at 132,251 BTC. The largest BTC corporate holder – MicroStrategy – continues following its bitcoin agenda purchasing more amounts of the primary cryptocurrency. It...Read More
Glassnode data shows a decrease in the 7-Day MA of bitcoin leaving centralized exchanges with only 986.237 BTC getting withdrawn in the past week or so. The declining outflow could signal that investors have restored some faith in CEXs after the gigantic collapse of FTX. Billions of dollars worth of various digital assets were withdrawn...Read More
As the end of the year approaches, several experts had predicted that Bitcoin (BTC) would see a “Santa rally”. Even still, the token’s price hasn’t shown any encouraging trends. The king cryptocurrency finished December 24 with a price over $16,800, continuing a trend of minor rises. This also held true on December 25. The leading...Read More
On-chain analysis indicates that Bitcoin market volatility is at its lowest ever period. Crypto analysts have been monitoring historical BTC volatility levels, and they have bottomed out. The last time volatility tanked to near current levels was in late 2018. This was a similar bear market to current conditions, with crypto prices falling for the...Read More
