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The SEC Just Denied Ark 21Shares Bitcoin ETF for the Second Time – Here’s Why
27.1.2023
The US Securities and Exchange Commission (SEC) has yet again refused to give its regulatory blessing to Ark Investment Management and exchange-traded note (ETN) issuer 21Shares to list a spot bitcoin (BTC) exchange-traded fund (ETF).
According to the document published on January 26, the...
Bitcoin Miner Sales Slump to Three Year Lows as Capitulation Risks Fade – What Does This Mean For The BTC Price
26.1.2023
According to data cited by Bitfinex analysts earlier this week, Bitcoin miners are slowing the pace at which they sell the world’s largest cryptocurrency by market capitalization. Bitfinex, citing on-chain data from crypto analytics platform Glassnode, said that BTC flows from miner wallets...
Latest Earnings Report: Tesla Held All of its Bitcoin Despite Market Turbulence
26.1.2023
Tesla, the electric car company owned by Elon Musk, did not sell any of the bitcoin (BTC) it holds on its balance sheet during the bear market, a new earnings report from the company reveals.
According to Tesla’s earnings report for the 4th quarter of 2022, the company held $184m worth of “digital...
Is The Bitcoin Bear Market Over? An Increasingly Strong Confluence of On-Chain/Technical Indicators Say Yes
26.1.2023
Six out of eight indicators watched by analysts at crypto data analytics platform Glassnode to identify when Bitcoin is transitioning out of a bear market are flashing bullish signals, and a seventh is likely to also soon turn green. Glassnode’s “Recovering from a Bitcoin Bear” dashboard...
Crab, Fish and Shark BTC Accumulation Stabilizes – What This Means For the Bitcoin Price
25.1.2023
After rising sharply in number in wake of the Bitcoin price drop that was triggered as a result of the collapse of the FTX cryptocurrency exchange in early November, the number of so-called Crab, Fish and Shark cryptocurrency addresses has stabilized, data from on-chain crypto analytics firm...
Bitcoin Billionaire Roger Ver Sued by Genesis For $21 Million Debt – Here’s What Happened
25.1.2023
The early Bitcoin (BTC) evangelist and now Bitcoin Cash (BCH) proponent Roger Ver has been sued by the now-bankrupt crypto lender Genesis after failing to meet a $21m margin call.
The court action taken by Genesis is related to a crypto options trade that expired late last year, and that Roger...
Why Bitcoin Price Breaking Resistance at $23k and $25k Could be Massively Bullish
25.1.2023
The bitcoin price is consolidating below the important $23,000 level and is still up almost 50% from its 21 November lows, despite pulling back 1.5% in the past 24 hours to $22,600.
If the largest cryptocurrency by market cap can successfully challenge resistance between $23k and $25k, that will...
CME Bitcoin Futures Open Interest Surges to Record 21% as Institutional Participation Increases
25.1.2023
Bitcoin futures open interest at the Chicago Merchantile Exchange (CME) has surged to near all-time highs at 21%, which indicates growing institutional participation in BTC futures....
Read More: CME Bitcoin Futures Open Interest Surges to Record 21% as Institutional Participation Increases
Blockstream Secures $125 Million in Funding for Bitcoin Mining Operations
25.1.2023
Digital asset infrastructure firm Blockstream has secured $125 million in funding aimed at expanding its bitcoin mining facilities.
Blockstream has received the funding in convertible note and secured loan financing, the company announced in a Tuesday press release, adding that it plans to...
Bitcoin (BTC) begins an uptrend from the 200 EMA mark!
24.1.2023
The tokenomics of Bitcoin is designed to control the tokens’ supply, creation, and distribution. The mining process ensures that the number of Bitcoin in circulation is capped at 21 million, making it scarce and valuable. The reward for mining is halved every 210,000 blocks, which is roughly...
Brazil and Argentina Want to Create a New Currency, Bitcoiners Suggest Adopting BTC
24.1.2023
Brazil and Argentina are mulling the co-creation of a common currency – but bitcoiners have suggested they adopt bitcoin (BTC) instead.
Over the weekend, the Financial Times reported that ministers in the nations said the proposed currency would “at first run in parallel with the Brazilian real...
Bitcoin Price Prediction as BTC Spikes Above $23,000 – Is a New Bull Market Starting?
23.1.2023
The leading cryptocurrency, Bitcoin, is trading sideways, with the price remaining within a limited range of $22,500 to $23,350. On January 23rd, BTC/USD closed at $23,114 after reaching a high of $23,114.
BTC, the world's largest cryptocurrency by market capitalization, reached $23,000 for...
This Indicator Suggests Bitcoin Holders Are Selling Coins to Newbies – What Does This Mean for BTC Price?
23.1.2023
According to data from crypto analytics firm Glassnode, the 90-Day Bitcoin’s Realized HODL Multiple has risen to its highest level since May 2022, when Bitcoin’s price was around $30,000, as opposed to current levels in the upper $22,000s. The Realize HODL Ratio (RHODL) is a ratio of the number...
Realized Bitcoin P/L Ratio About to Rise Above 1 – How Will BTC Price Be Impacted
23.1.2023
The 30-Day Simple Moving Average (SMA) of Glassnode’s Bitcoin Realized Profit-Loss Ratio (RPLR) indicator is about to move above one for the first time last April. That will mean that the Bitcoin market will soon be realizing a greater proportion of profits (denominated in USD) than losses....
Berlin's TV Tower Lights Up with Giant Bitcoin Logo and This Twitter User Just Claimed Responsibility
23.1.2023
The famous Berliner Fernsehturm tower in Germany's capital was on Saturday decorated with the Bitcoin (BTC) logo - and it wasn't the only iconic monument to be dressed in ₿....
Read More: Berlin's TV Tower Lights Up with Giant Bitcoin Logo and This Twitter User Just Claimed Responsibility
Crypto Billionaire Arthur Hayes Says Bitcoin May ‘Crash Back Down’ If This Happens – Here’s What You Need to Know
23.1.2023
Crypto billionaire and former CEO of BitMex Arthur Hayes has warned that Bitcoin may yield all its recent gains if the Federal Reserve does not pivot on monetary policy.
In a January 19 blog post, Hayes talked about inflation and how it could impact the crypto market. The billionaire noted that...
This Bitcoin Chinese New Year Trade Has Been A winner for Last 8 Years
22.1.2023
Bitcoin has extended gains over the weekend ahead of celebrations for the Lunar New Year holiday and the Spring Festival throughout Southeast Asia, rallying to its highest level since August....
Read More: This Bitcoin Chinese New Year Trade Has Been A winner for Last 8 Years
Here He Goes Again - Bitcoin is ‘Hyped-Up Fraud’ Says JPMorgan’s Jamie Dimon, But Blockchain is ‘Deployable’
20.1.2023
Despite the ongoing challenges in the cryptocurrency market, enthusiasts of digital assets are convinced that the future is bright for the sector. Recently, the value of Bitcoin has shown signs of resurgence with a notable hike in its price over the past few weeks, following a difficult start...
Bitcoin Supply in Profit Metric Hits 4-month High – What This Means for BTC Price
20.1.2023
A 30-day Exponential Moving Average of the number of Bitcoins that are “in profit” – i.e. were acquired at a time when the BTC price was lower – hit a 2-month high on the 19th of January, according to crypto data and on-chain analytics firm Glassnode.
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Why the Bitcoin Price Rally is Stalling on Mixed Rates and Growth Outlook, DOJ Action – But Will Climb Again
19.1.2023
The bitcoin price is up 0.4% at $20,910, recovering somewhat from a $1,000 plunge after a crypto exchange co-founder was arrested on Wednesday, and weak US data pointed to an economic hard landing.
Although there was good news on wholesale inflation in the US yesterday, the shock retail sales...