Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His…
The biggest inflow among the funds was $75.49 million into BlackRock’s IBIT. Grayscale’s GBTC, the second-largest spot bitcoin ETF, had $28.36M left the fund. U.S. spot bitcoin ETFs have now had six consecutive days of positive inflows, with Thursday’s data showing net inflows of $64.91 million. SoSoValue data shows that on Thursday, the biggest inflow…
In a week marked by economic anticipation and turbulence, the crypto market experienced a rollercoaster ride as the Bitcoin price surged and retreated in response to Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole Economic Symposium. Bitcoin Price Rallies On Powell’s Dovish Tones Powell’s remarks struck a dovish tone, indicating that the central…
Mt. Gox, the now-closed crypto exchange, has moved a substantial quantity of Bitcoin to Bitstamp in anticipation of forthcoming payments to creditors. The cryptocurrency market had varied responses after the transfer, with Bitcoin encountering a marginal decline and Ethereum witnessing a small rise. Additionally, prominent cryptocurrencies like Binance Coin and Solana experienced a decrease in…
Henrik Zeberg, Head Macro Economist at Swissblock, has reasserted his prediction that a US recession is inevitable, but not before a dramatic upswing in financial markets, including a substantial rally for Bitcoin to heights between $115,000 and $120,000. In his most recent analysis posted on X, Zeberg expounded upon the cyclical nature of markets and…
El Salvador’s BTC holdings have increased to 5.851K, which is worth $355.13M. Since the inception of the “1 BTC a day” program, it has shown its undettered commitment to enhancing the crypto industry. El Salvador, under the leadership of President Nayib Bukele, has continued to make changes in the crypto world with its commitment to…
Bitcoin price hit $61K in the last 24 hours. El Salvador holds 5,850 BTC valued at $355.83 million. The crypto market has briefly recovered from the recent dip, and the global crypto market cap has spiked by 0.75% to $2.15 trillion over the last day. Leading cryptocurrencies have recovered moderately from their support levels. Among…
An analyst has revealed the Bitcoin price zones that could act as major support and resistance centers for the cryptocurrency. A Large Number Of Investors Bought Bitcoin Inside These Zones In a new post on X, CryptoQuant author IT Tech has discussed the Bitcoin price levels that could act as support and resistance for BTC….
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing…
August 23, 2024 at 09:10 AM GST updated: August 23, 2024 at 08:48 AM 2 mins read News Two analysts share their expectations for what’s next for BTC and altcoins. Bitcoin still has two more phases to move past before new ATHs can arrive. The euphoria phase of the crypto market is yet to arrive…
August 23, 2024 at 08:18 AM GST 2 mins read News Bitcoin’s popularity has become mainstream with Google answering FAQs. In response to the question ‘Can Bitcoin be stopped’, Google responds with near-impossible. To shut down Bitcoin (BTC) would mean to shut down the Internet forever. Bitcoin’s popularity and potential have become mainstream and the…
With each month, the Bitcoin performance can vary widely depending on how investors are feeling toward the market. Years of monthly return data available for the cryptocurrency have led to investors and analysts trying to pinpoint the cryptocurrency’s next move based on historical performance. As the month of August draws to a close, Bitcoin investors…
Data from August 20, shows 31,000 BTC transferred to exchanges. Experts have argued about the possible effects of the Mt. Gox distribution. Bitcoin exchange inflows, defined as the total amount of Bitcoin delivered to exchanges, have declined sharply since early August, notwithstanding transfers from the Mt. Gox bankruptcy estate and concerns of a US government…
Bitcoin is seeing an uptick following its recent reclaim above the $60,000 mark in the past day. Amid this price performance, renowned crypto analyst Mags on Elon Musk’s social media platform X shared his latest asset analysis. According to Mags, Bitcoin could be poised for a major rally, driven by factors related to the USDT dominance (USDT.D)…
Bitcoin (BTC) has been gathering some momentum in the crypto sphere lately, crossing the $60,000 mark against multiple analysts’ signals. The world’s leading cryptocurrency has been on a wild ride, with its price fluctuations going haywire during the past few weeks. Bullish Factors Driving Bitcoin Price One major driver behind the recent price surge in…
About 50 nations are reported to have expressed interest in the BRICS alliance pending the upcoming summit in October. According to Russia’s Valentina Matviyenko, the BRICS payment system could be one of the main topics of discussion at the summit. The de-dollarization agenda is still on, as BRICS ideology resonates with over 50 nations that…
After experiencing a significant 25% pullback earlier this month, plunging to the $49,000 level, the king of cryptocurrencies, Bitcoin (BTC), has managed to consolidate above the crucial $60,000 support for the last 24 hours. However, Bitcoin’s journey toward further price appreciation has been without obstacles. The digital asset has been unable to surpass higher resistance…
On Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT. However, by 9:40 a.m. EDT on Thursday, fees had dropped to 625 sat/vB or $53.26 per transaction. Bitcoin Miners Rejoice as Fees Hit $105 The…
Travis Kling, the founder and Chief Investment Officer of Ikigai Asset Management, is proposing a direct link between the US presidential election outcomes and the Bitcoin price. Via X, Kling delves into the political dynamics and their perceived implications for crypto markets, particularly focusing on the potential re-election of Donald Trump. Why September 10 Could…
The world’s largest cryptocurrency, Bitcoin (BTC), has been struggling to surpass the $61,000 mark. At press time, BTC was trading at $60,994.09 following a 2.85% daily surge. It should be noted that the asset jumped from a low of around $59,000 to a high of $61,800. Amidst this rise and fall of the king coin,…
Mango Markets, a decentralized exchange (DEX) on Solana, is set to pay a $223,228 penalty to the SEC as part of a settlement proposal to avoid further legal issues. The proposal includes halting all sales of MNGO tokens, destroying the DAO’s remaining MNGO holdings, and requesting the removal of MNGO from all crypto exchanges and…
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing…
Hackers infiltrated McDonald’s Instagram account and utilized it to endorse a counterfeit joke cryptocurrency called GRIMACE, ultimately executing a rug-pull fraud that resulted in over $700,000 in theft. The spurious token, erroneously associated with McDonald’s, experienced a temporary surge in value, reaching $25 million before plummeting. The assailants, identified as “India X Kr3w,” expeditiously liquidated…
Bitcoin’s Q4 rally historically has a 73% chance of occurring during halving years. Breaking the 200-day EMA is crucial; failure could lead to significant price drops. In a recent CNF update, we questioned whether the current Bitcoin accumulation matches that of 2019 and if a $100K parabolic rally is imminent. In a turn of events,…
Tether, the entity responsible for developing the USDT stablecoin, plans to launch a new stablecoin that will be tied to the value of the United Arab Emirates Dirham (AED). This initiative is being carried out in partnership with Phoenix Group and Green Acorn Investments. The next stablecoin, which will be tied to the Dirham, will…
PlanB predicts Bitcoin could surge 7-10x by 2025, potentially hitting $414K-$593K. Strong bullish sentiment suggests Bitcoin may soar after surpassing $70K resistance. According to renowned analyst PlanB, known for the Stock-to-Flow (S2F) model, Bitcoin is poised for a significant price surge despite recent fluctuations. This new update aligns with our recent discussion on Bitcoin (BTC)…
Over the years, the Bitcoin price has been through multiple bull and bear cycles, and with the cycles have come a rather consistent trend. As a result, crypto analyst will often use the historical performance of the coin to determine what might happen next. This time around, market expert PlanB has pointed to previous cycle…
August 22, 2024 at 08:27 AM GST 2 mins read News Bitcoin may see a parabolic rise if the U.S. Dollar Index breaks below a critical support level. Historical halving events have triggered significant Bitcoin price increases, with potential for $145,000 post-2024. A weakening DXY has often aligned with Bitcoin rallies, suggesting a similar trend…
On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Ratio has recently been nearing in on a death cross formation. Bitcoin 30-Day MA MVRV Ratio May Be About To Cross Under 365-Day MA As explained by an analyst in a CryptoQuant Quicktake post, the MVRV Ratio is at risk of going through a…
Bitcoin (BTC) and U.S. stocks have shown a negative correlation lately, with Bitcoin often moving in the opposite direction of traditional markets. This divergence has caught the attention of analysts and investors, especially as the cryptocurrency enters a period of consolidation along with the broader crypto market. Historically, shifts in this correlation—from negative to positive—have…
Bitcoin crashed below $50,000 on August 5 in a sudden dip that saw many positions liquidated in the crypto market. This sudden dip, which cascaded into other cryptocurrencies, took the market by surprise. As such, Bitcoin fell to its lowest price in six months, and many other altcoins followed suit. Although Bitcoin has since recovered…
August 21, 2024 at 07:26 PM GST 2 mins read News Bitcoin hovers near $59,300, testing resistance at $60,000; potential breakout remains uncertain. MACD indicates possible bullish momentum, but RSI below 50 suggests neutral to bearish market conditions. Failure to close above the downtrend line could lead to retesting support levels around $58,000 and $54,000….
August 21, 2024 at 09:12 PM GST 2 mins read News Bitcoin’s dominance hits 56.2%, reflecting increased market confidence and a shift towards Bitcoin as the leading digital asset. Long-term holders continue accumulating, now owning 13M BTC, showcasing strong market conviction despite volatility. Sell-side pressure declines, with $91.8M in buy-side inflows, indicating market stabilization and…
As bitcoin hovers just below the $60,000 mark, two long-dormant bitcoin wallets, untouched since 2014 and 2013, sprang to life, moving a total of 342.59 BTC, valued at $20.3 million at today’s rates. 2 Vintage Bitcoin Wallets Suddenly Awaken, Moving $20.3 Million On Wednesday, a bitcoin wallet that had been inactive since Aug. 18, 2014—almost…
published: August 21, 2024 at 04:50 PM GST updated: August 21, 2024 at 04:45 PM August 21, 2024 at 04:50 PM GST updated: August 21, 2024 at 04:45 PM 2 mins read News Bitwise CIO, Matt Hougan says Bitcoin ETFs are being adopted at the fastest rate in history. Bitcoin ETFs have certainly surpassed significant…
Bitcoin (BTC) has been consolidating in the past weeks as it continues to range below $61,000. Amid this period of consolidation, there now appears to be a shift with an increase in one of Bitcoin’s notable metrics suggesting a “market consolidation finale.” According to a recent analysis by CryptoQuant analyst Axel Adler Jr, there has…
According to market expert Jamie Coutts, after an extended period of consolidation and lackluster performance by the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), the market may be poised for a resurgence. Coutts believes the ingredients are in place for a broad altcoin rally, following in the footsteps of the “insane” bull run of…
Bitcoin price declined by 2.58% in the last 24 hours, slipping down to $58.6K. Mt. Gox has moved 13,265 BTC worth $784 million. Bitcoin (BTC) has fallen below $59,000 again, leaving traders and investors anxious with its intense consolidation phase. The largest cap cryptocurrency has been in a crisis to maintain its position above the…
El Salvador’s National Bitcoin Office (ONBTC) has launched a Bitcoin training and certification program for 80,000 public servants. In an Aug. 20 statement, ONBTC confirmed that Bitcoin education is now a vital component of a governance initiative designed for public sector employees. This program is part of the Higher School of Innovation in Public Administration…
August 21, 2024 at 02:17 PM GST updated: August 21, 2024 at 11:39 AM 2 mins read News Michael Saylor’s bold tweet claims Bitcoin is “going up forever” after its recent surge past $61K, despite a slight pullback. MicroStrategy boosts its Bitcoin stash to 226,500 BTC, raising $2B to buy more, signalling confidence in future…
El Salvador announced it is launching a Bitcoin certification program for 80,000 civil servants, as part of its commitment to integrating Bitcoin into its economy and governance. The program, called “Certification in Public Administration 1,” is a 160-hour virtual and asynchronous course divided into seven modules. Each module aims to impart essential knowledge about Bitcoin,…
Bitcoin has certain on-chain resistance levels coming up that could threaten future rallies. Here are the exact prices at which they lie. Bitcoin Short-Term Holders Have Their Cost Basis At These Levels Ahead As explained by CryptoQuant author Axel Adler Jr in a new post on X, the BTC short-term holders currently have their cost…
A previously inactive Bitcoin wallet, containing about 24 BTC, has reappeared after a period of 10.8 years of inactivity. The wallet initially acquired 24 BTC on November 16, 2013, when the value of Bitcoin was $438.83. The coins would have been acquired at a cost of around $10,915 by the owner. Currently, the identical 24…
The world’s largest cryptocurrency, Bitcoin (BTC), has struggled to maintain a foothold above the critical $60,000 price level in recent trading sessions, as the digital asset finds itself caught in a tug-of-war between bullish and bearish forces. After recovering from a dip below $49,000 earlier this month, Bitcoin has been vacillating around the $60,000 mark,…
Digital asset investment funds witnessed another week of inflows last week, albeit at a small amount, to extend the run of inflows to two consecutive weeks. Notably, investment funds attracted a net inflow of $30 million last week. One of the key highlights of the week was Bitcoin’s strong performance in attracting investor interest. After…
Bitcoin has made a recovery back towards the $61,000 level during the past day. Here are the factors that could be behind this surge. Bitcoin Has Made Some Recovery During The Last 24 Hours After showing lackluster price action under $60,000 during the past few days, Bitcoin has finally shown some momentum in the last…
The average cost to mine one Bitcoin has increased to $51,887 as per BitFuFu’s Q2 report. The price of BTC is facing a tough time breaching above the $60,000 mark amid high volatility. An unaudited report detailing the financial and operational performance of BitFuFu, a cloud mining firm affiliated to Bitmain, was published for the…
In the latest edition of the Capriole Investments newsletter dated August 20, 2024, Charles Edwards, founder and CEO, draws striking parallels between the current market behavior of Bitcoin and the historical performance of Gold, particularly during its 2008 rally. Bitcoin Mirrors 2008 Gold Rush Edwards points out that Bitcoin has been consolidating around $60K, echoing…
Bitcoin (BTC) has undergone substantial growth in the last two years, with its value increasing by over 300% since early 2023. In the year 2024, there was a significant increase of 40%, resulting in the attainment of new record levels. Nevertheless, current advancements indicate that the positive trajectory of Bitcoin may encounter obstacles in the…
Metaplanet’s stock price surged more than 13% and finished Tuesday at 10.87%. The company’s Bitcoin holdings have now reached 360.368 BTC. As part of its most recent Bitcoin investment strategy, the publicly traded Japanese company Metaplanet has acquired bitcoins valued at 500 million Japanese yen. In the wake of chief executive officer Simon Gerovich’s announcement…