After creating hype ahead of a big crypto and DeFi announcement, Donald Trump Jr just launched the expected project’s Telegram Channel Highlights The Trump family has launched a Telegram Channel for crypto project The Channel already has more than 11,000 subsribers Will this crypto and DeFi project change the game for the Republican Candidate? Donald…
August 15 does not seem to end well for BTC. The leading cryptocurrency has been plummeting for several hours. After struggling to maintain key levels, the price failed to close above $60,000. Now, as a result of the selling pressure over the last 2.5 hours, the price has fallen below $57,000. Why Are Cryptocurrencies Falling? Many analysts mentioned…
Bitcoin vs. Meme Coins Bitcoin is crypto’s oldest asset and the digital era’s equivalent of gold – a bearer asset that allows holders to store their wealth over longer timeframes. Meme coins, on the other hand, are by nature highly speculative, running on attention and mindshare, and their sole utility is to make holders rich. How…
Bitcoin miners could experience a massive 2,900% increase in rewards over the next ten years, according to a mathematical model. The prediction is based on the Power Law model, developed by Giovanni Santostasi. This model suggests that significant shifts in Bitcoin prices and transaction fees will be key factors driving this growth. A Market Analyst,…
Bitcoin (BTC) ended the week above $58,000, but it may face challenges in making further gains over the next week. Late summer often brings difficulties for Bitcoin bulls, so BTC might trade sideways for a while. After a recovery from last week’s yen carry trade sell-off, Bitcoin’s price fell again towards the end of the…
Bitcoin recently dropped below $60,000, which hit the broader crypto market hard. Ethereum and other altcoins also saw big drops, though DOGE held its support at $0.10. After a calm Saturday, the market turned down on Sunday, led by Bitcoin’s fall. Things got worse last Monday when Bitcoin dropped to $48,800, influenced by Japan’s economic…
Over the weekend, Bitcoin’s price movements have calmed, with the asset stabilizing at just over $61,000. Altcoins are generally performing well, with BNB and DOGE standing out as the top performers among larger-cap cryptocurrencies. Bitcoin’s Volatile Week: From $57K Low to $63K Surge Last weekend, Bitcoin was under bearish pressure, dropping from $66,000 on Friday…
Spot Ethereum Exchange Traded Funds (ETFs) in the United States saw an inflow of $98 million after trading hours yesterday. Blackrock’s ETHA has amassed nearly $900 million in total since its first day of trading. The crypto market is recovering from a severe crash on Monday that caused many top crypto assets to drop significantly….
Bitcoin has seen a significant change in market dynamics over the past month. Large-scale holders, known as whales, have been accumulating substantial amounts of BTC. On-chain data shows that nearly 404,448 BTC, worth around $23 billion, have been moved into “permanent holder addresses,” indicating an accumulation phase. This trend comes amid global market uncertainties and…
After a big crash on August 5, the crypto market is improving. Bitcoin’s price has risen to $55,589, up 12.2% from yesterday’s low, thanks to recovery signs in the US futures market. Veteran trader Peter Brandt is optimistic, seeing similarities between this drop and the 2016 halving that led to the 2017 bull run. Bitcoin’s…
CryptoQuant warns that Bitcoin could drop to $40,000 amid recent volatility. The critical support level is at $47,140, with 900,000 addresses holding 489,000 BTC. In the last 24 hours, $1.06 billion has been wiped out, with bullish investors losing $900 million. The recent panic selling in Bitcoin and the broader crypto market has been influenced…
Arthur Hayes recently tweeted a possible reason behind the ongoing market crash, offering his perspective on the situation. Bitcoin’s price plummeted to around $53,000, marking a loss of over $17,000 since last Monday. This drop represents one of the worst weekly performances in the cryptocurrency’s history. $840 Million in Leverage Positions Liquidated Amid Market Crash…
Bitcoin has faced significant volatility, recently dropping from the $69k-$70k resistance zone. Trends among long-term holders show a decrease in active sales, suggesting that sellers may be running out of steam. At the same time, whale accumulation indicates that the largest Bitcoin holders are becoming more confident despite the falling prices. Recent insights reveal shifts…
The Islamic State (IS) group is now endorsing cryptocurrency to fund its operations, as long as it complies with Sharia law principles. A recent UN report reveals that IS affiliates are increasingly requiring Sharia compliance checks for their digital assets. The report also notes that IS has set up dedicated channels on Telegram, such as…
Today, Bitcoin’s price fell nearly 6%, forming a large red candle on the daily chart. This drop has pushed the entire crypto market into a bearish trend as the week ends. Bitcoin is currently trading around $61,592, having briefly dipped to $60,433 before a small intraday rise. This decline has led to significant drops across…
The strategy head at 21shares said the recent bitcoin selloff happened after the Federal Reserve kept interest rates unchanged. This was partly due to rising geopolitical tensions in the Middle East, causing a temporary shift to safer assets. He also mentioned that expected interest rate cuts later this year could increase global liquidity, benefiting risk…
Bitcoin (BTC) started August with a bearish trend and continued to drop in the past 24 hours. The price fell over 2 percent, trading around $63,981 on Friday morning. The decline also affected the altcoin market, reducing the total crypto market cap to about $2.39 trillion. As a result, over $245 million was liquidated from…
In a recent video analysis, Aaron Arnold of Altcoin Daily discusses how Bitcoin, under Senator Cynthia Lummis’s Bitcoin Strategic Reserve bill, could become a vital asset for the US Treasury. This potential move could enhance the U.S. economy and its global standing. According to Arnold, the coming months will be critical for assessing the impact…
The total cryptocurrency market cap has declined by over $60 billion in the day following the FOMC meeting. Bitcoin’s price fell below $65,000 as the FOMC signaled a hawkish stance on a potential rate cut in September. Among the hardest hit was Book Of Meme coin (BOME), which dropped by 12% in the last 24…
M2 has launched a new service letting UAE residents trade Bitcoin and Ether directly through their bank accounts. Now, users can easily convert UAE dirhams into Bitcoin ($66,366) and Ether ($3,313) on M2’s platform. The new feature simplifies trading and allows for easy deposits and withdrawals of dirhams, helping users quickly adjust to market changes….
Bitcoin has recently encountered a setback, quickly reversing its trajectory and falling short of crossing the critical $70,000 threshold. This sharp decline has triggered a wave of panic among investors, who are grappling with the unexpected downturn in the cryptocurrency’s value. The recent transfer of funds from Silk Road has been highlighted as a potential…
The concept of a national Bitcoin reserve is gaining traction among influential U.S. politicians and investors. Former President Donald Trump and Senator Cynthia Lummis are prominent advocates of this idea, emphasizing its potential long-term economic benefits. The proposal is being compared to the historic Louisiana Purchase, underscoring its ambitious nature. U.S. Bitcoin Reserve Proposal: Trump…
Veteran trader Roman Trading forecasts that Bitcoin might drop to $60,000 due to bearish pressure. This comes after the US government moved $2 billion in Bitcoin, alongside Trump’s pro-crypto speech. Bitcoin, currently at $66,568, has fallen by 3.83% in the last 24 hours and 0.25% over the past week. This drop could be linked to…
The US government has moved 29,800 BTC, valued at $2 billion, from seized Silk Road funds. Following this transfer, the Bitcoin price dropped 1.3%, trading at $66,890.12. During the July 30 Asian trading session, Bitcoin stayed at lower levels after hitting resistance and dropping $4,000 in value. TradingView data showed BTC/USD around $66,500 at the…
Defunct crypto exchange Mt. Gox is getting ready to distribute $5.35 billion worth of Bitcoin to its creditors and is currently running test transactions. After transferring nearly 50,000 Bitcoins over the past two weeks through Kraken and Bitstamp, Mt. Gox plans to move the remaining 80,500 Bitcoins. This news comes as Bitcoin struggles to break…
After a strong weekend for Bitcoin, bulls have gained significant momentum, which is likely to keep the price high for the next few days. As the end of the month approaches, staying above the key resistance level could spark a strong rally in the coming month. After Donald Trump backed Bitcoin at the Bitcoin Conference…
According to Santiment data, social media mentions of “Bitcoin” are currently more positive than they have been in the past 16 months. This positive shift in sentiment aligns with Bitcoin’s recent price rebound, which has improved traders’ feelings to levels not observed in over a year. This trend is based on the tracking of positive…
If re-elected, former President Donald Trump has big plans for cryptocurrency. On his first day back in office, he promises to fire SEC Chair Gary Gensler and bring in a new leader who supports crypto innovation. Trump aims to create a national Bitcoin stockpile and make the U.S. a top center for Bitcoin mining. He’s…
Donald Trump is set to deliver the keynote speech at the Bitcoin Conference 2024 in Nashville, Tennessee. He may advocate for the U.S. to adopt Bitcoin as a strategic reserve asset. Analysts believe that this pro-crypto stance could help Bitcoin reach a new high of $73,777. As Donald Trump gears up to speak at the…
The crypto market is seeing a boost due to the hype surrounding the Bitcoin Conference 2024 and the launch of Ethereum ETFs. This renewed excitement has led to a surge in interest from investors. As a result, Bitcoin has bounced back by 8% from a recent dip, and Ethereum’s price is now around $3,275. Michael…
Robert F. Kennedy Jr. plans to issue executive orders to integrate Bitcoin into the U.S. financial system, aiming to position it as a key strategic asset. He proposes that the U.S. Treasury buy 550 Bitcoin daily, with the goal of accumulating a reserve of 4 million Bitcoins to strengthen financial dominance. Additionally, Kennedy’s Bitcoin policy…
Bitcoin has bounced back strongly after dipping below $63,500 earlier in the week, reaching over $68,000 today. While altcoins have had mixed performance, with most showing slight gains except for XMR and MKR, Bitcoin’s recent surge stands out. Market analysts highlighted that BTC hit a 6-week peak of over $68,400, demonstrating significant recovery strength. Bitcoin…
Former US President Donald Trump has amassed over $4 million in cryptocurrency contributions for his re-election campaign from key figures in the crypto industry. The significant support from the sector underscores its backing for Trump. He will address attendees at the Bitcoin Conference, which begins today. Republican Presidential nominee Donald Trump’s approach to leveraging cryptocurrency…
Mt. Gox creditors are now receiving payments via Kraken and Bitstamp, following the resolution of the exchange’s long-standing bankruptcy. Bitcoin’s price dipped below $64,000 but has remained stable. While BTC market volume dropped below $1.3 trillion, trading volume rose by 12%. The release of payments has drawn significant attention, and Kraken has started processing these…
The troubled crypto exchange Mt. Gox transferred another large amount of Bitcoin on Wednesday, following recent BTC and BCH transfers intended for creditor repayments. This indicates that Mt. Gox is likely to continue moving significant amounts of Bitcoin throughout the week. In parallel, Kraken has begun distributing Bitcoin that it received from the Mt. Gox…
On Tuesday morning, a wallet connected to the Mt. Gox rehabilitation Trustee moved $3.2 billion worth of Bitcoin between different wallets, with some of it being sent to the digital asset exchange Bitstamp. This large transfer caused Bitcoin’s price to drop below $67,000 as investors reacted to the news. Mt. Gox Trustee Moves $3.2 Billion…
Bitcoin dropped briefly on Sunday after U.S. President Joe Biden announced he wouldn’t run for a second term, leading to the liquidation of $159 million in futures contracts, as reported by Coinglass. However, the decline was short-lived. By early Monday morning, Bitcoin had recovered and even surpassed its previous level, reaching as high as $68,480.36….
After President Joe Biden announced he is stepping down from the 2024 race, Vice President Kamala Harris thanked him on X and expressed her goal to win the nomination. As the first female, Black, and South Asian Vice President, she could make more history. Let’s explore her career and possible running mates. Kamala Harris: A…
Donald Trump’s upcoming speech at the Bitcoin 2024 Conference could affect Bitcoin’s price, and an Ethereum ETF launching on July 23 might boost Ether’s value. Rumors that Michael Dell might also appear at the conference could further impact Bitcoin. Bitcoin has risen nearly 20% this month, reaching around $67,286, partly due to expectations that Trump’s…
The first half of 2024 was very successful for Bitcoin (BTC), which hit an all-time high of over $73,500 in mid-March. It has increased by about 115% over the past year. In the following sections, we’ll explore key factors and upcoming events that might help Bitcoin reach a new peak before the year ends. Upcoming…
In the past 24 hours, Bitcoin has demonstrated impressive performance, gaining over 5% in value. The cryptocurrency market saw a significant recovery after a slow start to the day, during which it experienced notable declines. However, buyers stepped in and pushed Bitcoin above $67K, while many altcoins have also posted impressive returns. Bitcoin’s Recovery and…
Former U.S. President Donald Trump has suggested he might appoint JPMorgan Chase CEO Jamie Dimon as Treasury Secretary if he wins reelection. Dimon has been a vocal critic of Bitcoin, calling it a ‘fraud’ and arguing that it lacks the essential qualities of a currency. Meanwhile, Trump has recently shown a growing interest in cryptocurrency,…
In the ongoing legal battle over Bitcoin’s creator, the U.K. High Court has released a new judgment and some injunctions in the case involving Craig Wright. Wright has long claimed to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin. In a judgment released on July 16, Judge James Mellor approved the injunctions requested by COPA….
On Tuesday, U.S. spot Bitcoin ETFs saw net inflows of $422.5 million, their strongest trading day in over a month. BlackRock’s iShares Bitcoin Trust attracted $260 million from investors on July 16, contributing more than half of the day’s net inflows. This marked the eighth consecutive day of positive net inflows for U.S. spot Bitcoin…
BlackRock CEO Larry Fink, who once called Bitcoin (BTC) a speculative asset and a tool for money laundering, has changed his stance. Since 2017, he has shifted his view and now sees Bitcoin as a significant player in the financial world. In a recent CNBC interview, Fink admitted that his opinion of Bitcoin has evolved….
Recent Bitcoin transactions by Mt. Gox suggest that repayments to creditors are about to start. This has led to market speculation and could impact Bitcoin’s price. Mt. Gox, a defunct cryptocurrency exchange, recently made significant transactions. According to on-chain data from Arkham Intelligence, Mt. Gox conducted two major Bitcoin transfers. The transactions included an initial…
Bitcoin’s recent price surge has raised hopes for a sustained upward trend, as experts believe that the worst of the selling pressure is now behind us. Following significant sales pressure from Mt. Gox and the German government, Bitcoin’s price has recently surged past $62,000. Analysts suggest that the market has already priced in the impact…
Bitcoin, the top cryptocurrency, recently surged to a high of $62,782 in one day. This big price jump triggered a volatility alert from the 100eyes Crypto Scanner. Bitcoin, the world’s largest cryptocurrency, has now hit its highest level since July 2. On July 5, it dropped to $53,550, its lowest in five months, because of…
A bullish pattern on Bitcoin’s chart suggests it could hit new highs by September. After weeks of slow movement, Bitcoin (BTC) recently crossed the $60,000 mark, showing signs of recovery. This development is promising, but recent analysis indicates BTC might reach even higher levels in 2024. Let’s review Bitcoin’s metrics to see if this is…
Bitcoin (BTC) has recently shown strong signs of recovery, crossing the $60,000 mark. It’s up over 3% in the last 24 hours, now priced at $60,172, with a market cap surpassing $1.17 trillion. This surge has put more than 83% of Bitcoin investors in profit. With positive metrics and indicators pointing towards a bullish trend,…