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Bitcoin Could Follow Nikkei Path to Record High, Says Analyst
5.9.2023
Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has predicted that the price of bitcoin could “follow the path of the Nikkei, which reached a 33-year high in June.” He highlighted that the largest crypto “has had a close directional relationship with the Nikkei 225.” Bitcoin’s...
Lightning Network Sees Sharp 14% Decline in Capacity After Hitting Peak
4.9.2023
Data reveals that the Lightning Network’s capacity, or the total value of open channels, has dwindled by over 14% since July 9, 2023. Following a peak of 5,468 BTC, an estimated 786 BTC valued at $20.32 million has been withdrawn from the secondary network. From Peak to Plunge: Lightning...
Price analysis 9/4: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON
4.9.2023
Bitcoin price is range-bound but several major altcoins such as XRP are showing signs of a potential breakdown
Bitcoin futures data hints at $22K as the next logical step
4.9.2023
BTC derivatives flipped bearish after Bitcoin failed to establish bullish momentum despite the heightened spot ETF prospects
Casascius Bitcoin Peels: $10M Cashed in 2023, Yet a $1 Billion Stash Remains Unclaimed
4.9.2023
While bitcoin (BTC) is already a limited asset, Mike Caldwell’s Casascius physical bitcoins take rarity to a whole new level. Between 2011 and 2013, he endowed over 27,000 coins and bars with nearly 100,000 BTC. As we step into September 2023, a limited supply of 19,082 Casascius physical...
Bitcoin, Ethereum Technical Analysis: BTC Consolidates, ETH Avoids Falling Below $1,600 on Labor Day
4.9.2023
Sentiment in bitcoin remained bearish to start the week, as the cryptocurrency remained below $26,000 on Monday. Market volume was relatively low in today’s session, as a result of the U.S. Labor Day celebration. Ethereum was slightly higher, as the price managed to remain above $1,600....
Bitcoin flatlines again but TON, LINK, MKR, XTZ are poised for up-move
4.9.2023
Bitcoin’s failed breakout to the upside shows that the range-bound action could continue for some time but that may not hinder the bullish possibilities in TON, LINK, MKR, and XTZ
Weekly close risks BTC price 'double top' — 5 things to know in Bitcoin this week
4.9.2023
Bitcoin reckons with $26,000 with BTC price action at a crucial decision point heading into the first week of September
Fact or Fiction? Theories Littered Across Social Media About Blackrock’s Alleged Bitcoin Buying Spree
3.9.2023
This past week, the U.S. Securities and Exchange Commission (SEC) delayed seven spot bitcoin exchange-traded funds (ETFs), including Blackrock’s proposed Ishares Bitcoin Trust. Alongside this news, Into The Block metrics indicate that from August 13 to the 31st, large BTC holders dubbed...
Bitcoin Spark price prediction: Why experts are calling this new BTC fork a “Shiba Inu killer”?
3.9.2023
Bitcoin Spark (BTCS) has gained traction in the crypto space. And interestingly, crypto watchers are referring to this new BTC fork as a “Shiba Inu killer”. Shibarium network fails The Shiba Inu development team has been committed to improving the utility of SHIB through various...
The Great Shift to Self-Custody: 800,000 BTC Worth Over $20 Billion Pulled From Exchanges in 3 Years
3.9.2023
Over the past three years, there’s been a notable movement in bitcoin holdings. Since September 1, 2020, a whopping 804,000 bitcoin, equivalent to $20.79 billion, has been pulled from centralized exchanges. Notably, 184,000 BTC of that sum, valued at $4.75 billion, was withdrawn in just...
Bitcoin chart highlights $24.7K as analyst says 'nothing has changed'
3.9.2023
Bitcoin has neither broken out nor down, but the status quo still includes the risk of a trip to BTC price "bearadise."
SEC delays BTC ETF decision, Grayscale triumphs SEC, and BitBoy gets the boot: Hodler’s Digest, Aug 27 – Sept 2
3.9.2023
Keep track of Grayscale’s victory over the SEC, Ben Armstrong getting the boot and delays for spot Bitcoin ETFs
Former SEC Chair: Institutional Investors Clearly Want Access to BTC, Approval of Spot Bitcoin ETFs Inevitable
3.9.2023
U.S. Securities and Exchange Commission’s former chairman Jay Clayton has explained why he believes the approval of a spot bitcoin exchange-traded fund (ETF) is inevitable. “It is clear that bitcoin is something that retail investors want access to, institutional investors want access to,”...
Bitcoin’s Largest Accounts: Peering Into the Top 10 Wallets on the ‘BTC Rich List’
2.9.2023
In recent weeks, buzz within the crypto sphere has centered on prominent bitcoin and ethereum holders. Some addresses are awash with speculation, while others have earned distinct labels. Interestingly, a handful have purportedly been unmasked, leading to many of the top ten BTC addresses being...
Bitcoin, Ethereum Technical Analysis: BTC Starts Weekend Trading Close to $25,000
2.9.2023
Bitcoin started the weekend trading below the $26,000 level, as bears seized market momentum to end the week. Price surged during the early part of the week, climbing over the $28,000 mark. However in the days that followed, sentiment has mostly trended lower. Ethereum remains in the red. Bitcoin...
Large Bitcoin Holders Accumulate $1.5B Worth of BTC as Price Wavers
1.9.2023
The accumulation by BTC whales suggests optimism among large investors, IntoTheBlock’s head of research noted
Bitcoin Price Prediction as BTC Drops 4.6% – Time to Buy the Dip?
1.9.2023
In recent developments, the ever-volatile Bitcoin price has witnessed a 4.6% dip, prompting investors and market enthusiasts to question: Is this the opportune moment to buy the dip?
As of now, Bitcoin is priced at $25,619, with an impressive 24-hour trading volume of $18.8 billion.
Retaining...
Cambridge Revises Bitcoin Mining Index, Lowers BTC’s Estimated Power Use
1.9.2023
Cambridge Centre for Alternative Finance has significantly revised its Bitcoin Electricity Consumption Index, lowering its estimates of the cryptocurrency’s energy use after finding its previous model greatly overstated power consumption. Cambridge Centre Revises Bitcoin Energy Estimates...
Price analysis 9/1: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC
1.9.2023
Bitcoin and most altcoins gave back the entirety of their gains shortly after the SEC decided to delay issuing a decision on all of the recently filed spot Bitcoin ETF applications