Crypto losses reached $129M in October, driven by hacks and scams. Radiant Capital suffered the biggest hit, losing over $50 million. In October 2024, the crypto industry witnessed losses of $129.6 million, driven by various security incidents, including exit scams, flash loan attacks, and significant exploits. According to CertiK, a blockchain security firm, exit scams…
What is the true cost of producing one Bitcoin? A fresh report from Coinshares revealed some interesting findings, underscoring the rising mining difficulty and the potential impact on miners. Bitcoin halving events carry a lot of significant and this year’s having was particularly notable. This is because it was characterized by a surge in mining…
November 5, 2024 at 01:50 PM GST updated: November 5, 2024 at 11:07 AM 2 mins read News Mt. Gox transfers $2.2B in Bitcoin to unmarked wallets, raising speculation on repayment and market impact. Creditors face extended delay until 2025, easing immediate concerns of a major Bitcoin sell-off on the market. Large Mt. Gox Bitcoin…
A UK pension Bitcoin allocation made waves this October. An unnamed pension fund worked with Cartwright Benefit Consultants Ltd. to invest 3% in Bitcoin. The move came after careful training and detailed checks. It shows how pension funds now see cryptocurrency as a smart way to spread their investments across different assets. Could this be…
Este artículo también está disponible en español. As the United States braces for the outcome of the closely contested presidential election between former President Donald Trump and Vice President Kamala Harris, Bitcoin (BTC) has experienced a price drop, now hovering around the $68,000 mark. BTC Faces Key Support Levels Bitcoin has struggled to surpass its…
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this…
Este artículo también está disponible en español. Bitcoin, often influenced by long-term holders’ (LTH) decisions, has witnessed significant selling activity among this investor group over the past week. While the reason behind the long-term holders offloading Bitcoin is not certain, the move appears to have impacted BTC, resulting in the recent correction in its price…
November 5, 2024 at 08:10 AM GST updated: November 4, 2024 at 06:26 PM 2 mins read News Bitcoin holds strong above key resistance, signaling potential for a new high. U.S. election could trigger significant Bitcoin price swings. Historical election trends support Bitcoin’s long-term growth outlook. Bitcoin (BTC) is drawing attention after closing above a…
Este artículo también está disponible en español. Bitcoin (BTC) exchange-traded funds (ETFs) have collectively acquired over one million BTC in less than a year since their launch, reflecting strong demand for the digital asset among investors. Bitcoin ETFs Surpass One Million BTC Milestone According to a chart shared by crypto analyst Ali Martinez on X,…
published: November 5, 2024 at 06:23 AM GST updated: November 3, 2024 at 05:37 PM November 5, 2024 at 06:23 AM GST updated: November 3, 2024 at 05:37 PM 2 mins read News As a foundational digital asset, Bitcoin’s stability bolsters confidence across related digital assets, indirectly supporting NFT market growth. Ethereum has a strong…
The Bitcoin price action has sparked renewed interest among analysts and investors as the cryptocurrency approaches a major event (the US election) later in November. A CryptoQuant analyst known as CoinLupin recently provided an analysis on the CryptoQuant QuickTake platform, focusing on Bitcoin’s Market Value to Realized Value (MVRV) ratio, a metric often used to…
Bitcoin dipped below $69,000, causing $350M in liquidations. Trump’s declining odds coincide with Bitcoin’s price drop. Bitcoin’s price fell below $69,000 on Nov. 3, triggering nearly $350 million in market liquidations as the U.S. presidential election draws closer. This marked the highest trading activity since Oct. 25, when Bitcoin struggled to hold above $70,000. Data…
Bitcoin has a certain pattern around U.S. election cycles, dipping briefly and then rallying strongly post-election. In 2016, 2020, and 2024, BTC dropped by 10.2%, 6.1%, and 6.3%, respectively, before recovering. Will tomorrow’s election bring about a similar BTC rebound? Post-Election Pattern: BTC Dips, Then Rallies Strongly Each Cycle Bitcoin has followed a historically consistent…
Este artículo también está disponible en español. Bitcoin has faced significant volatility and uncertainty as it approaches a pivotal week, with tomorrow’s U.S. election expected to play a key role in determining its price action. BTC is holding steady above the $68,000 mark, a critical level that has shifted from resistance to a solid demand…
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…
Este artículo también está disponible en español. The Bitcoin price has posted five consecutive red daily candles since it stopped just short of its all-time high at $73,620 last Tuesday. As a result, the BTC price has fallen by around 7%. This decline is evident on the weekly chart, which shows a major bearish weekly…
November 4, 2024 at 09:25 PM GST updated: November 4, 2024 at 07:37 PM 2 mins read News Franklin Templeton’s CEO believes blockchain can revolutionize investment methods and asset management. Bitcoin is seen as both a payment tool and a potential safety asset. The financial giant’s optimistic stance may signal broader blockchain adoption in traditional…
As the US presidential election approaches, the Bitcoin price has found a stable support range between $68,000 and $69,000, just shy of its all-time high earlier this year. While the cryptocurrency has struggled to surpass this significant milestone, investor sentiment remains cautiously optimistic, with expectations for further price increases tempered by anticipated market volatility in…
The cryptocurrency market has witnessed an array of hacks and scams over the years. Despite increased scrutiny and regulations, scammers haven’t taken a step back. More recently, a woman from Colorado fell prey to a major scam that cost her $6,000 in Bitcoin. Also Read: META Stock Gets a Boost From Analyst: New Price Target…
November 4, 2024 at 08:25 PM GST updated: November 4, 2024 at 07:27 PM 2 mins read News Bitcoin’s $68K support level is crucial for maintaining its bullish momentum amid economic uncertainty. Upcoming U.S. elections and Federal Reserve decisions may impact Bitcoin’s volatility. Weak job data fuels speculation of a potential dovish shift in monetary…
Bitcoin might crash after a fake price rise that failed to reach new highs. Expert trader Alan Santana sees multiple danger signs in current market conditions. Bitcoin has dropped for five days straight – something not seen since May 2023. Market data shows consistently low trading volumes and weakening price support levels, raising serious concerns…
The financial markets are watching Gold, Bitcoin, and US dollar movements closely before the November 5 presidential election. October’s employment report showed only 12,000 new jobs instead of the expected 106,000, and the unemployment rate stayed at 4.1%. These mixed signals have caused sharp price movements across key assets. Also Read: 750 Convenience Stores in…
Este artículo también está disponible en español. Speculations about the Bitcoin bull market being over have been rife in the crypto market, particularly as the price has failed to reach its March all-time high of above $73,000. Providing a more compelling case to this narrative, a crypto analyst has released a Bitcoin bear case scenario…
Bitcoin mining firms face rising costs, pushing them to diversify revenue sources by incorporating AI and high-performance computing services. Russia enforces strict crypto mining laws, allowing only registered entities and tightening regulations to curb financial crimes. CoinShares report reveals a significant breakthrough in the Bitcoin mining business. Second-quarter cash flow data shows that the average…
The cryptocurrency market cycles through intense emotions, especially as traders closely monitor Bitcoin’s price performance. These on-chain data revealed valuable insights for traders, particularly as Bitcoin leveraged positions reached unprecedented levels. This rise in leverage generated increased concerns over BTC’s potential volatility, sparking anxiety among traders who took on risky positions. – Advertisement – Source:…
November 4, 2024 at 02:45 AM GST updated: November 4, 2024 at 02:42 AM 1 min read News Bitcoin’s $65.5K-$66K support aligns with the 0.382 Fibonacci level, signaling a potential reversal zone. If Bitcoin drops below $65.5K, analysts predict the next support at $60K, reinforced by the 0.618 Fibonacci level. Analysts expect volatility near $66K,…
November 4, 2024 at 01:15 AM GST updated: November 3, 2024 at 08:23 PM 2 mins read News Warren Buffett remains cautious about BTC despite its growing popularity and economic value. Berkshire Hathaway cut its stake in Apple while adjusting other holdings during recent market fluctuations. Investors await details on Buffett’s latest moves, which may…
Este artículo también está disponible en español. The Bitcoin price action was marked by ups and downs in the just concluded week, serving as a reminder of the volatile nature of the digital asset. According to price data, Bitcoin has just completed a retest of the downward sloping trendline that has limited its price rallies…
November 3, 2024 at 11:25 PM GST updated: November 3, 2024 at 06:56 PM 2 mins read News ETFs focused on Bitcoin have acquired over one million BTC in under a year, highlighting significant institutional interest and participation. Many institutional investors are purchasing Bitcoin at high prices, averaging between $65,000 to $73,000, indicating a long-term…
Michael Saylor, the co-founder and Chairman of MicroStrategy, has unveiled an ambitious plan to raise $21 billion to acquire more Bitcoin by issuing additional shares of MSTR at current market prices. This move will likely dilute the value of existing shares, which typically leads to a drop in stock prices. Surprisingly, MicroStrategy’s stock has remained…
November 3, 2024 at 09:55 PM GST updated: November 3, 2024 at 08:07 PM 2 mins read News CryptoQuant’s UTXO model shows Bitcoin’s profit ratio approaching a key 365-day level. This trend may hint at a potential price peak, catching investor attention. Past peaks have shown similar patterns, making this trend significant for market analysis….
November 3, 2024 at 03:40 PM GST updated: November 3, 2024 at 01:14 PM 2 mins read News Bitcoin continues to hold the $68,000 price mark as analysts await new BTC ATHs. One analyst believes Bitcoin’s next target is $260,000. If this plays out, low-cap altcoins could 100x, analysts reveal top 10 most potent altcoins….
November 3, 2024 at 02:40 PM GST updated: November 3, 2024 at 12:43 PM 2 mins read News Bitcoin holds strong at the $68,000 price mark. Analysts expect BTC to blast off to the $80,000 price level setting a new ATH soon. If this comes to be, another analyst states that a trend top of…
Bitcoin has shifted from its original vision as a currency to being primarily seen as a high-value investment asset. Institutional interest and ETF approvals have driven positive sentiment, but Bitcoin’s adoption as everyday currency remains limited. Bitcoin has changed dramatically since its conception, from a digital currency with the potential to revolutionize financial transactions to…
BTC approaches an all-time high amid election week anticipation, while ETH remains subdued, failing to break $2.7k levels. BTC futures and options open interest surged, with implied volatility indicating a significant risk premium ahead of the U.S. elections. Recent market updates from QCP Capital expose interesting swings and reactions linked to the U.S. economy and…
November 3, 2024 at 08:40 AM GST updated: November 2, 2024 at 06:03 PM 2 mins read News Bitcoin often dips before U.S. elections due to political uncertainty. Institutional interest boosts Bitcoin’s appeal, fueling future growth. The pre-election dip presents a strategic buying opportunity. Historically, the price of Bitcoin often take a dive right before…
Este artículo también está disponible en español. A top executive of a New York-based global investment firm made an audacious claim that Bitcoin breaching the six-figure price will happen very soon. SkyBridge Capital founder Anthony Scaramucci said that in the next two years, BTC will be traded at $176,000, joining other crypto investors who believed…
Este artículo también está disponible en español. The Bitcoin price enjoyed its second consecutive green candle in October after closing the month with a 10% price gain. Crypto analyst TradingShot revealed why this development was a positive going forward and is a good buy signal for those looking to invest in the flagship crypto. Related…
November 2, 2024 at 11:10 PM GST updated: November 2, 2024 at 08:34 PM 2 mins read News Bitcoin may enter a new rally phase, possibly surging to $200K as per analyst predictions. Identified price zones could shape Bitcoin’s next movements, affecting long-term growth. Investors face a key choice: hold or sell as Bitcoin nears…
Este artículo también está disponible en español. November began with an unexpected downturn in the crypto market as Bitcoin, which had gone on a bull run in the last week of October, rapidly lost its momentum. The highly anticipated “Moonvember” kicked off with an unexpected crash, plummeting from $73,000 on October 31 to $69,000 on…
Ever wondered how U.S. presidential elections impact the stock market? We explore historical trends, stock market predictions, and Bitcoin price movements under different administrations. The following guest post comes from Bitcoinminingstock.io, providing comprehensive data, in-depth research, and analyses on Bitcoin mining stocks. Originally published on Oct. 30, 2024, it was penned by Bitcoinminingstock.io author Cindy…
MicroStrategy moved 1.652K Bitcoin to an anonymous wallet in the past day. The firm recently unveiled its BTC Treasury plans along with its Q3 report. A weekend lull has begun to spread over the crypto market after a week-long action. On turning towards the cryptocurrency price, this can be seen reflected in several digital assets’…
Este artículo también está disponible en español. Bitcoin is showing resilience, holding firm above the $69,000 mark after a slight pullback from recent local highs at $73,600. Following weeks of bullish momentum and nearing its all-time high, BTC has settled just below the critical $73,794 resistance, a key level that, if surpassed, would push the…
Bitcoin struggles to sustain gains, dropping below $70K. Whale activity sparks concern, but accumulation trends suggest potential bullish recovery. Bitcoin (BTC) recently faced a sharp decline after touching impressive highs. On 30 October, BTC surged to $73,500, continuing its pattern of “Uptober” gains. However, it failed to sustain momentum, slipping below the crucial $70,000 level….
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…
Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered,…
November 2, 2024 at 08:40 AM GST updated: November 1, 2024 at 06:41 PM 2 mins read News October’s close wiped out four months of Bitcoin downtrend. Bullish signals indicate Bitcoin may reach $71.3K in November. Stablecoin adoption and political factors fuel Bitcoin’s rally. Looking at the monthly chart, Bitcoin’s October performance erased four months…
Este artículo también está disponible en español. Bitcoin (BTC) has had a volatile 24 hours, hitting as low as $68,830 on the Binance crypto exchange before recovering some losses. Liquidation Data At A Glance Although BTC is trading close to its all-time high (ATH) value of $73,737, yesterday’s quick drop in price cast doubts on…
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…
Este artículo también está disponible en español. Reports showed that Bitcoin price slightly dipped in the last 24 hours but continues to hang on the $69,000 level after breaching over $73,000 several days ago. Despite the impressive BTC price hike, interest in the cryptocurrency is not picking up as Google searches remained flat. Related Reading…