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Bitcoin Will Probably Retest $25K But Bears Beware, On-chain Indicators Suggest BTC Price in Early-Stage Bull Market
11.5.2023
Bitcoin (BTC)’s short-term technical outlook is not looking good.
The world’s first and largest cryptocurrency by market capitalization has now pulled more than 13% lower versus the yearly highs it printed back in April to the north of the $31,000 level.
In doing so, it has fallen convincingly...
Smart Contracts Have Arrived on the Bitcoin Blockchain – Will BTC Become a DeFi Powerhouse?
11.5.2023
A new era has begun for the Bitcoin blockchain.
Last week, a group of developers deployed a suite of Uniswap smart contracts directly onto the Bitcoin blockchain.
Uniswap is a decentralized cryptocurrency exchange (DEX) that operates on multiple smart contract-enabled blockchains like Ethereum...
Bitcoin Prices Crash Suddenly, Rumors of US Govt Holdings Being Sold-Off – What’s Going On?
10.5.2023
Speculation swirled on Wednesday on whether the US government's Bitcoin holdings were being sold off in the thousands.
In a tweet, Steven or @Dogetoshi, research director at The Block, found transactions labeled as “Gov: DOJ Confiscated funds.”
It then seemed to be a user mistake.
Crypto...
What the Latest US Inflation Numbers Mean for the Bitcoin (BTC) Price
10.5.2023
The latest US Consumer Price Index (CPI) inflation numbers were just released and Bitcoin (BTC), which rallied at the time to hit session highs in the $28,300s, seemed to like it.
According to the latest CPI report, headline inflation fell to 4.9% YoY in April, its first sub-5.0% reading in over...
Bitcoin Network in Flux as BRC-20 Craze Sends Transaction Fees Towards Multi-Year Highs – What Next for BTC Price?
9.5.2023
The Bitcoin network is in flux amid a surge in the popularity of BRC-20 tokens, a new Bitcoin blockchain-based fungible token standard inspired by the Ethereum blockchain’s ecosystem of ERC-20 tokens.
The BRC-20 standard, which was developed and deployed by a pseudonymous Twitter user by the name...
Third Time the Charm for a Spot Bitcoin ETF? Cboe Tries Again To Find Out
9.5.2023
Cboe Global Markets filed a proposal to list and trade shares of a spot bitcoin exchange-traded fund, marking the third time the firm has tried to get US regulatory approval.
Cboe BZX Exchange, operated by Cboe, officially filed with the Securities and Exchange Commission on Tuesday to list...
Bitcoin-Based Meme Coin Growth Disrupts Binance, Drives Up Fees
9.5.2023
A rapid growth in meme coins issued on the Bitcoin blockchain has caused a surge in transaction fees and disrupted withdrawals from Binance.
The growth in Bitcoin transaction fees has in recent days gone parabolic, with the average fee level hitting as high as $19 on Sunday and then $30.9...
Binance to soon reopen $BTC withdrawals
8.5.2023
Binance has announced the reopening of $BTC withdrawals. The development came to light after Binance had halted the withdrawal process of BTC. As per the announcement, all the pending transactions are being processed. They are being replaced with higher transaction fees. The community can expect...
Bitcoin Transaction Fees Surge to 2-year Highs – Where Next for the BTC Price?
6.5.2023
The mean fee to conduct a transaction on the Bitcoin network just shot to its highest level in nearly two years, as per data presented by crypto on-chain analytics firm Glassnode.
On Friday, the average transaction fee clocked in at 0.00032814 BTC, up more than ten-fold from a dip to 0.00003161...
UK Regulator Descends Upon Illegal Crypto ATMs in Latest Raid
5.5.2023
The UK’s financial regulator, along with local police, descended upon illegally operated cryptocurrency automatic teller machines (ATMs) as part of a continued crackdown.
The Financial Conduct Authority inspected sites in Exeter, Nottingham and Sheffield to stop the illegal activity, the regulator...
Bitcoin Consolidates Ahead of Key US Jobs Data, But Falling Yields Could Signal Incoming BTC Price Pump
5.5.2023
Bitcoin (BTC) continues to consolidate within familiar ranges close to $29,000 ahead of the release of key US jobs data on Friday.
The data, which is expected to show that the pace of hiring and wage growth in the US remains robust, and that the unemployment rate remains close to historic lows...
Former Coinbase CTO Loses $1 Million Bitcoin Bet, Warns About US Hyperinflation
4.5.2023
Coinbase’s former chief technology officer Balaji Srinivasan has settled his bet from March that Bitcoin would reach $1 million in just 90 days, while warning the public that he still believes hyperinflation is coming.
“I just burned a million to tell you they're printing trillions,” Srinivasan...
Blockstream Infrastructure Firm Foresees Rapid Growth in Bitcoin's Layer 2 Technologies
4.5.2023
An engineer at the Bitcoin-focused development firm Blockstream has said she sees a “Cambrian explosion” coming for the development of layer 2 technologies on the Bitcoin network....
Read More: Blockstream Infrastructure Firm Foresees Rapid Growth in Bitcoin's Layer 2 Technologies
Bitcoin Back Above $29,000 Post-Fed as Markets Bet on Rate Cuts – Where Next for the BTC Price?
4.5.2023
Bitcoin has recovered back above the $29,000 level, rising above its 21 and 50-Day Moving Averages in doing so, in wake of another rate hike from the US Federal Reserve.
The US central bank lifted the federal funds target range by 25 bps on Wednesday to 5.0-5.25%, marking 500 bps worth of rate...
Himalayan Kingdom of Bhutan Discloses Secret Bitcoin Mining Activities
3.5.2023
According to a recent Forbes report, DHL, the commercial arm of Bhutan's Royal Government, entered the Bitcoin mining industry by purchasing BTC when it was priced at $5,000.
Druk Holding and Investments (DHI), which had not previously disclosed its early involvement in Bitcoin mining, has been...
Can the Bitcoin (BTC) Price Snap its Recent Run of Ugly May Returns?
2.5.2023
Since 2011, Bitcoin (BTC) has posted an average return of 18.3% in May, according to data presented by bitcoinmonthlyreturn.com.
However, two of the worst three Mays in Bitcoin’s history have come in the last two years.
In May 2021, Bitcoin shed a stunning 35.38% of its value.
In May 2022...
Bitcoin Daily Transactions Surge to Record Highs, But These Alternative Metrics Bode Less Well for BTC Price
2.5.2023
The number of transactions taking place on the Bitcoin network hit a record high of 682,099 on Monday, according to data presented by crypto analytics firm Glassnode.
A surge in the last few days has seen the number of Bitcoin transactions fly past its prior record high of around 425,000 printed...
El Salvador’s Bitcoin City Has Not Been Shelved, Say Bukele-linked Bitcoiners
2.5.2023
An El Salvador government-linked organization has rubbished claims that the nation’s ambitious plans to build a haven for bitcoiners have been shelved.
Late last month, a number of Twitter-based individuals claimed that they had come across documentary evidence that the Ministry of Public Works...
Lightning Labs Unveils Upgrade to Boost Bitcoin Accessibility for Billions of People – Here's How it Works
30.4.2023
Bitcoin infrastructure firm Lightning Labs has released an update to Litd, its node management tool, in order to make it easier for people to use the Lightning Network.
The new update adds automated fee management, custodial accounts, finer-grained LNC permissions, and the Pool Order Board...
Bitcoin (BTC) Price Pauses Below $30K, Here is Where it Could Be Headed Next
29.4.2023
The Bitcoin (BTC) price is largely unchanged in the mid-$29,000s on Friday.
The cryptocurrency found decent support earlier in the session when it briefly fell to test the $29,000 level and 21-Day Moving Average just above it.
But the Bitcoin bulls seem to be taking a breather ahead of...