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9 Dormant Bitcoin Wallets Reactivate, Moving $7.5M Amid BTC Price Drop


While bitcoin’s price was at $60,382 on July 3, it dropped significantly to $53,550 two days later before rebounding back to $56,642 by 12:50 p.m. EDT on July 5. Notably, nine dormant bitcoin wallets created in 2013, 2016, and 2017 became active on Friday, moving 133.41 BTC valued at $7.5...

Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low


Bitcoin’s hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power per day, has plummeted to a historic low. According to Luxor’s hashprice index, at 6 a.m. EDT on July 4, 2024, the price per petahash dropped to $44.842 per PH/s. The dollar value of daily...

Justin Sun Wants to Buy All Bitcoins Held by German Government


Tron founder Justin Sun has publicly offered to negotiate with the German government to purchase their entire Bitcoin holdings off-market. This proposal comes in response to Germany’s recent large-scale Bitcoin sell-off. I am willing to negotiate with the German government to purchase all...

Robert Kiyosaki Bought 60 Bitcoins at $6K — Now Buys BTC Every Month


Rich Dad Poor Dad author Robert Kiyosaki has revealed that he purchased 60 bitcoins at $6,000 each and continues to buy more bitcoin every month. He explained that the crypto represents “rules-based money,” contrasting it with government fiat money, which he describes...

The Protocol: Blast's $3B Airdrop and Bitcoin's Mt. Gox Moment


In this week's issue of CoinDesk's weekly blockchain tech newsletter, we're covering $100 million of fundraisings, project updates from Solana and other teams, complaints over LayerZero's "pay-to-claim" airdrop and nervousness surrounding the Mt. Gox bitcoin distribution

Bitcoin’s Power Law Model Gains Traction Despite Market Fluctuations


In 2020 and early 2021, the stock-to-flow (S2F) bitcoin price model captured widespread attention. Although bitcoin currently stands over 13% below its peak value reached in March, the Power Law Corridor model has become increasingly influential. Many hold the view that the Power Law model’s...

Bitcoin’s New Normal: Prices Over Five-Digits for 28% of Its Lifetime


Over the past week, bitcoin has declined by 4% against the U.S. dollar from June 9 to June 16, 2024, yet it has surged over 152% in the past year. This year, bitcoin has maintained a position above the $60,000 mark for a record-setting 107 days so far. Bitcoin’s Resilient Streak: Maintaining...

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