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Bitcoin breaks the $53k barrier, but bulls see obstacles

Bitcoin breaks the $53k barrier, but bulls see obstacles

Bitcoin’s recent surge past the $53,000 mark turned heads and wallets alike, showcasing the cryptocurrency’s unwavering allure and persistent volatility. Yet, this ascent was short-lived, as the cryptocurrency encountered a formidable resistance, causing a swift reversal in fortunes for traders caught in the moment’s euphoria. This episode serves as a stark reminder of the tumultuous […]

Bitcoin holdings on Coinbase drop to 9-year low amid $1B withdrawal

Coinbase

Bitcoin holdings on the Coinbase exchange have plummeted to their lowest point in nine years. This notable decrease comes as large-scale investors, often called “whales,” have withdrawn approximately 18,000 Bitcoin, valued at nearly $1 billion, from the platform. The transfers, which occurred over a recent weekend, varied in value from $45 million to $171 million. […]

Bitcoin’s return to all-time high before halving is impossible

bitcoin

The audacity to say that Bitcoin (BTC) hitting its all-time high before the halving is quite literally impossible might upset some of you. Yet, here I am, dissecting the stark reality that envelops the world’s largest cryptocurrency. I can understand the need to look at the bright side, what with Bitcoin’s dramatic surge from $25,000 […]

Why Bitcoin can’t be able to maintain $52k right now

BITCOIN

Bitcoin is currenctly battling the $52,000 mark with all its might. After a week that saw the crypto world buzzing from Robinhood and Coinbase’s financial triumphs, along with a $477 million Bitcoin ETF love letter, you’d think Bitcoin would be soaring higher than a kite. But here’s the kicker: despite these wins and a hefty […]

MicroStrategy’s Bitcoin holdings traced to Fidelity

MicroStrategy's Bitcoin holdings traced to Fidelity

Blockchain analytics powerhouse Arkham Intelligence has blown the lid off one of the most closely guarded secrets in the digital currency space. The firm claims to have tracked down a whopping 98% of MicroStrategy’s Bitcoin stash, pinpointing the whereabouts of approximately 186,000 out of 190,000 BTC. This revelation sheds light on the broader implications of […]

Why 20% of Bitcoin’s hash rate might vanish post-halving

bitcoin

The digital drumbeats of the Bitcoin world are echoing a stark warning: the upcoming Bitcoin halving could spell a computational cold winter for about 20% of its mining power. With the halving set to slash rewards from 6.25 BTC to a mere 3.125 BTC per block, miners are scrambling to tweak their operations. This is […]

Bitcoin is finally back, and it’s stronger than ever

Bitcoin

Bitcoin is making a comeback that would put any Hollywood blockbuster to shame. A peek at Crypto Twitter might make you think we’ve all gone Bitcoin bonkers—and maybe we have. But when you see BTC climbing past $50k and whispers of $75k floating around, it’s hard not to get caught up in the frenzy. Bitcoin’s […]

Today’s Bitcoin surge: What’s actually fueling it?

Today's Bitcoin surge: What's actually fueling it?

As Bitcoin flirts with the $53,000 mark, eyebrows are raised, and wallets are opened wider than ever. With a stellar 14.5% increase over the last week and a jaw-dropping 22% in 2024, the buzz around Bitcoin is not just hot air; it’s a veritable financial storm. What’s behind this meteoric rise? Is it mere speculation, […]

Bitcoin bulls gain upper hand with $55,000 in sight

Bitcoin bulls gain upper hand with $55,000 in sight

The past week has been nothing short of a whirlwind for Bitcoin lovers and skeptics alike, as the king crypto’s price soared by an impressive 21%, breaching the $52,000 mark for the first time since the chilly days of December 2021. This surge is a testament to the growing confidence and speculative fervor swirling around […]

Gary Gensler says Bitcoin is not even decentralized

Biden's ambassador choice for OECD to step back from crypto advisory

In a recent public conversation with CNBC, Gary Gensler, the chair of the US Securities and Exchange Commission (SEC), once again did what he has come to be known for; come for Bitcoin, the first and most widely used digital currency, and perhaps Gensler’s archenemy. At this point, it’s just getting tiring listening to him […]

Bitcoin’s $47,000 breakthrough: Should we even care?

Bitcoin

As Bitcoin flirts with the $47,000 mark, doubling in value over the past year and nudging the cumulative worth of all cryptocurrencies beyond the $1.87 trillion threshold, the financial world sits up to take notice—or does it really? With the crypto giant once again dominating headlines by scaling peaks unseen since the euphoria that greeted […]

Bitcoin price skyrocketing today — Here’s why

bitcoin

Today’s financial headlines are ablaze as Bitcoin’s value surges past the $45,000 mark, a feat not seen since the early days of January, right after the introduction of spot Exchange-Traded Funds (ETFs). This leap marks a significant rebound, showcasing a more than 5.36% increase within a mere 24-hour window, landing at a four-week high of […]

MicroStrategy’s Bitcoin stash reaches 190,000 coins

MicroStrategy's Bitcoin stash reaches 190,000 coins

MicroStrategy, the tech giant notorious for its bullish stance on Bitcoin, has once again made headlines with its latest acquisition spree, adding a staggering 850 coins to its already hefty portfolio in January alone. This move, as announced by the company’s ever-vocal founder Michael Saylor via a social media post on X, came with a […]

Expert predicts Bitcoin hitting $70k before year’s end

BITCOIN

Buckle up, folks, because we’re on a rollercoaster that only goes up—at least, that’s what Markus Thielen of 10X Research is betting on. With a bold prediction that sees Bitcoin soaring to $70,000 by the year’s end, it’s clear that the cryptocurrency world is anything but dull. Thielen isn’t just throwing numbers around; he’s basing […]

Bitcoin bears desperately trying to pull prices down below $30k

bitcoin

The digital currency landscape is currently witnessing a tug of war, with Bitcoin bears making a bold attempt to drag the price beneath the $30,000 mark. Amidst a backdrop of global financial jitters, partly stoked by the upheaval in Chinese markets, Bitcoin has become a battleground for contrasting market sentiments. Bitcoin’s Reactions to Global Uncertainties […]

Bitcoin’s rally sparks buy the rumor, sell the news worries

Bitcoin's rally sparks buy the rumour, sell the news worries

Bitcoin’s recent rally is stirring up the market with a blend of anticipation and trepidation, reminding everyone that when it comes to cryptocurrency, the more things change, the more they stay the same. With BTC’s value bouncing back from recent lows, whispers of a new all-time high in 2024 are growing louder. However, the journey […]

Bitcoin faces pressure as Fed delays potential rate cuts

Bitcoin

In light of the unexpectedly robust jobs report released on Friday, members of the Federal Open Market Committee (FOMC), including Austan Goolsbee and Michelle Bowman, have expressed reservations about the possibility of reducing interest rates in the first half of 2024. The U.S. economy demonstrated resilience, with non-farm payrolls increasing by 353,000 in January, marking […]

Why a Bitcoin ETF Is not the same as actual Bitcoin

Why a Bitcoin ETF Is not the same as actual Bitcoin

The world of cryptocurrency is never short of surprises, and the recent buzz around the newly approved U.S. Bitcoin ETFs is no exception. These financial products have stormed the market, capturing the attention of traders and investors alike with record-breaking trading volumes. But let’s cut through the hype for a moment and dive into what […]

Decoding the reasons behind Bitcoin’s price decline today

Bitcoin

Bitcoin, the digital currency that has often danced to the tune of its own drum, found itself in a bit of a stumble today. It’s not often that we see the behemoth of the crypto world take a step back without a few raised eyebrows and a whole lot of speculation. Today, Bitcoin’s price dipped […]

Why Spot ETFs are not affecting Bitcoin like they did gold

Why Spot ETFs are not affecting Bitcoin like they did gold

The buzz around the introduction of U.S. exchange-traded funds (ETFs) tracking Bitcoin has been building like a storm over Wall Street, with expectations high and fingers crossed. The crypto world was abuzz with predictions that these ETFs would revolutionize Bitcoin investment, akin to the seismic shift the SPDR Gold Shares ETF brought to gold back […]

Ethereum steals the spotlight as Bitcoin tries to stay strong

Ethereum steals the spotlight as Bitcoin tries to stay strong

Move over, Bitcoin; there’s a new crypto sheriff in town. Ethereum is strutting its stuff, ready to bask in the limelight after Bitcoin and its newly-launched ETFs hogged the spotlight in January. Both cryptocurrencies are neck-and-neck in the race, with nearly a 2% increase this month, but Ethereum is gearing up to sprint ahead. Ethereum’s […]

UK confiscates over £1b in Bitcoin from Chinese fraudsters

UK Bitcoin China fraud

In a staggering display of law enforcement agility, the UK has pulled off one of the most significant bitcoin seizures globally. We’re talking over £1.4 billion worth of Bitcoin, snatched right out of the clutches of Chinese investment fraudsters. This isn’t just a win for the UK; it’s a smackdown on international financial crime. The […]

Could Bitcoin really plummet below $30,000?

Bitcoin

As the world grapples with an evolving economic landscape, the spotlight shines bright on Bitcoin, the digital titan of currency. Amidst swirling rumors and financial forecasts, the burning question emerges: Could Bitcoin really nosedive below the $30,000 mark? This isn’t just idle speculation; it’s a concern echoing through the corridors of global finance. Bitcoin, often […]

Bitcoin continues upward push as Spot ETF gains persist

Bitcoin

As Bitcoin enthusiasts eagerly monitor the cryptocurrency’s every move, the latest developments have taken the crypto world by surprise. Bitcoin, often considered a bellwether of the digital currency market, is experiencing an unexpected resurgence. In a turn of events that few could have predicted, ten spot Bitcoin ETFs managed to secure net inflows on Monday, […]

Bitcoin makes a rebound, surges past $43k

Bitcoin makes a rebound, surges past $43k

Bitcoin’s latest market feat – a bold leap over the $43,000 mark – is not just a blip on the financial radar. This cryptocurrency, notorious for its dramatic swings, has now confidently perched itself above this significant threshold. As of the latest check, BTC stands proudly at $43,097.35, a solid 2.93% increase, according to CoinGecko. […]

Why Bitcoin cash-and-carry trade is the go-to now

Bitcoin

The Bitcoin market is witnessing a transformative phase, especially with the futures traders capitalizing on the volatile nature of crypto-related prices. This change is not just about the ups and downs of Bitcoin values, but a more profound shift in the approach of trading itself. The spotlight is now on the cash-and-carry trade, a strategy […]

Investor optimism spurs crypto stocks alongside Bitcoin rally

Investor optimism spurs crypto stocks alongside Bitcoin rally

The crypto market just pulled a classic move, yo-yoing from despair to elation faster than you can say “blockchain.” After a week that felt more like a rollercoaster designed by a sadist, Bitcoin and its band of merry crypto stocks have staged a comeback that’s got investors buzzing and naysayers eating their words. Bitcoin: The […]

Bitcoin’s troubled times: Is there an end in sight?

bitcoin

The realm of Bitcoin (BTC) is currently navigating through a turbulent phase, with recent developments stirring the pot and leaving investors and enthusiasts alike pondering the future of this digital currency giant. The past fortnight alone has witnessed a precipitous 20% decline in Bitcoin’s value, a development that has left market watchers scratching their heads […]

Bitcoin aims for weekly success as GBTC concerns ease

Bitcoin aims for weekly success as GBTC concerns ease

Bitcoin has been on a wild ride, folks, with its value climbing up the financial roller coaster to close the week on a high note. Investors are breathing a sigh of relief as the storm around the Grayscale Bitcoin ETF (GBTC) starts to calm down, showing signs that the tumultuous outflows might just be getting […]

U.S. to auction off $130m in Bitcoin seized from Silk Road

U.S. to auction off $130m in Bitcoin seized from Silk Road

Buckle up, folks, because the U.S. is rolling up its sleeves to dive into the digital treasure trove of the century. We’re talking about a whopping $130 million in Bitcoin, not just any Bitcoin, but ones with a backstory darker than your favorite espresso. Seized from the underbelly of the internet, the infamous Silk Road, […]

ETFs amp up Bitcoin trading, but Alameda Gap fuels volatility

ETFs amp up Bitcoin trading, but Alameda Gap fuels volatility

As the dust settles on the introduction of the first U.S. exchange-traded funds (ETFs) holding Bitcoin, the spotlight turns to the persistent issue of market liquidity—or the lack thereof. Despite billions of dollars coursing through these ETFs since their inception, the ease of trading Bitcoin hasn’t seen the anticipated uptick. In the volatile dance of […]

Arthur Hayes: Bitcoin slump will trigger a financial crisis

Arthur Hayes: Bitcoin slump will trigger a financial crisis

Arthur Hayes, the legend known for his unapologetic and bold market insights, has once again dropped another iconic essay titled “Yellen or Talkin’.” In it is a bombshell prediction that could shake the financial world to its core. Hayes asserts that the recent downturn in Bitcoin’s value is not just a blip on the cryptocurrency […]

Blockstream CEO Adam Back Addresses Mt. Gox Repayment Concerns

Adam Back

Blockstream CEO Adam Back recently took a firm stance to address mounting concerns within the cryptocurrency community surrounding Mt. Gox’s repayment plans and their potential implications for the Bitcoin market. Back’s direct response aimed to dispel “FUD” (fear, uncertainty, and doubt) circulating within the crypto sphere regarding this long-anticipated event. Adam Back supports repayment in […]

Bitcoin anxiety: Retail investors fear sub-$20,000 plunge in 2024

Bitcoin

The world of Bitcoin is looking more like a rollercoaster in an amusement park, only this ride isn’t amusing everyone. The big buzz in the crypto sphere has been around the new US spot exchange-traded funds (ETFs) for Bitcoin. But let’s not pop the champagne just yet. Since their advent in early January, Bitcoin hasn’t […]

Mt. Gox advances in settling debts with Bitcoin, BCH repayments

Mt. Gox

In a significant move towards settling its long-standing debts, the trustee of the defunct cryptocurrency exchange, Mt. Gox, is making strides in repayment. The exchange has begun confirming the identities of its creditors and the validity of their Bitcoin (BTC) and Bitcoin Cash (BCH) accounts, marking a pivotal step in addressing the losses from one […]

Examining Wall Street’s true impact on Bitcoin

Examining Wall Street's true impact on Bitcoin

Celebrating its 15th anniversary, Bitcoin made a grand entrance onto Wall Street, a move that could signal a new era in its journey. The adolescent cryptocurrency, once a subject of skepticism, now finds itself in the midst of Wall Street’s complex financial ecosystem. With 11 new U.S. exchange-traded funds (ETFs) tracking its spot price, Bitcoin […]

Bitcoin is dealing with pre-Fed meeting and post-ETF jitters

bitcoin

Bitcoin, the ever-elusive and often unpredictable digital currency, is currently navigating through a tumultuous phase, marred by a blend of anticipation and skepticism. The cryptocurrency, which recently dipped below the $40,000 mark, is experiencing a significant downturn, its lowest since early December. This slump marks a more than 20% decline from its post-ETF approval high, […]

Bitcoin crashes below $40,000 – so what now?

Bitcoin crashes below $40,000 - so what now?

Bitcoin, the undisputed heavyweight champion of the cryptocurrency world, took a nosedive below the $40,000 mark, stirring up a cocktail of reactions, speculations, and eyebrow raises. On Monday, the bellwether of the crypto market slipped into a zone it hadn’t seen since the early days of January – under the $40,000 threshold. This drop came […]

Jim Cramer strikes Bitcoin again – His deal?

Jim Cramer and Bitcoin

Jim Cramer, the outspoken and often controversial host on CNBC, has once again made headlines with his remarks on Bitcoin, especially in light of the king crypto’s recent tumble below the coveted $40,000. In a world where cryptocurrency oscillates between groundbreaking potential and volatile uncertainty, Cramer’s views, influenced by a blend of skepticism and cautious […]

Bitcoin faces the $40,000 test as GBTC drains reserves

Bitcoin faces the $40,000 test as GBTC drains reserves

The cryptocurrency stage is set for a thrilling showdown as Bitcoin, the digital currency pioneer, grapples with the critical $40,000 mark. Amidst this nail-biting scenario, the Grayscale Bitcoin Trust (GBTC), a major asset manager, has been steadily unloading BTC, fueling tensions in an already edgy market. The turn of events has seen Bitcoin’s value dance […]

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