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Bitcoin speculators hodl 2.8M BTC in 'worst performing' price cycle
11.7.2024
Bitcoin unrealized losses mount, but unlike previous market cycles, BTC hodlers underwater are keeping a lid on their emotions
CFTC Chair reiterates BTC and ETH are commodities in testimony
11.7.2024
Head of the US commodities regulator, Rostin Behnam, has again argued his agency should be given regulatory oversight of Bitcoin and Ethereum to better protect investors
Senate Committee Discusses Strong Federal Oversight of Crypto Markets
11.7.2024
The Senate Committee on Agriculture, Nutrition, and Forestry held a hearing on Wednesday where Chairwoman Senator Debbie Stabenow stressed the urgent need for robust regulation in the crypto market. The discussion focused on investor protection, market integrity, and the necessity of federal...
Bitcoin traders ‘under pressure’ after deepest correction since 2022 erases profits
10.7.2024
83% of short-term Bitcoin traders saw losses after BTC price recorded its deepest drawdown since 2022
Bitcoin price faces major ‘summer of 2021’ style correction despite BTC whale buying
10.7.2024
Bitcoin whales have become accumulators again, but analysts say BTC is still at risk of another sharp correction
Price analysis 7/10: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
10.7.2024
Bitcoin’s recovery faces selling near $60,000, indicating that bears remain active at higher price levels
High-conviction Bitcoin traders targeted in new long BTC ETFs
10.7.2024
Rex Shares’ new Bitcoin ETFs offer 200% long or short directional exposure to Bitcoin’s price volatility
Bitcoin traders' profit margins repeat 2022 bear market — New research
10.7.2024
Bitcoin is exhibiting classic bottoming-out territory when viewed through the lens of unrealized losses, CryptoQuant says
German Government Offloads 9,736 BTC in 20 Hours; Reserves Could Deplete by Tomorrow
10.7.2024
Over the course of nearly 20 hours, the German government has sold 9,736 BTC valued at $564.3 million. The government’s BTC wallet currently holds 13,110 BTC worth $767 million. German Government’s Swift Bitcoin Sales Could Soon Lead to Total Reserve Depletion At 1:16 p.m. EDT on July...
Bitcoin Recovery Influences ETF Inflow; BTC Breaches $59k
10.7.2024
We are far from, or better yet, no longer threatened with, another Bitcoin winter. The crypto market has picked a recovery curve amid massive Bitcoin sell-offs by the German government. Today, BTC surged over $59,200, nearing its previous support at $60,000. The surge has created buying pressure...
Bitcoin Steady at $58.5K as German State Saxony Moves $300M in BTC
10.7.2024
BTC held largely steady amid the continued divestment of coins, having failed to keep gains above $59,000 during the Asian hours
German Gov’t $354M BTC sell-off: Yet more volatility incoming?
10.7.2024
The German government is ramping up its Bitcoin sell-off, preparing to offload an additional $342 million worth of BTC
Bitcoin sellers are trying to keep BTC price below $60K
10.7.2024
BTC price upside momentum is building, but liquidity is bunching at $60,000 in an attempt to keep the market from reclaiming lost ground
Clandestine Bitcoin Mining Survives Government Ban in Venezuela, Albeit at Small Scale
10.7.2024
According to local reports, clandestine bitcoin mining is thriving again in Venezuela, albeit at a small scale after the government ordered to disconnect all Bitcoin mining operations from the power grid. Local ASIC stores are still selling miners for small operations, that survive by hiding their...
Bitcoin transfer costs fall to 2020 lows
10.7.2024
Bitcoin transaction fees hit a four-year low on July 7, falling to $38.69. Miners remain profitable due to reduced network difficulty and lower computational power needs
Spot Bitcoin ETFs buy up $654M in BTC over 3 days
10.7.2024
Investors have piled into Bitcoin ETFs over the last three trading days, but it wasn’t enough to offset Germany’s BTC selling spree
Dormant 2013 Bitcoin Wallet Springs to Life, Moving Millions Amid Bearish Market
10.7.2024
On July 9, 2024, a dormant bitcoin wallet transferred 149 BTC at block height 851,440 while bitcoin (BTC) was trading just below $58,000. The wallet, created on Nov. 20, 2013, had remained inactive for over ten years and seven months. At that time, bitcoin was valued at $644 per coin, making...
3 reasons why Ethereum price continues to underperform against BTC in 2024
9.7.2024
Ethereum price underperforms BTC on a number of metrics as investors await spot ETH ETF to start trading
Bitcoin Miner Hut 8 Secures 205 MW Power Agreement in Texas
9.7.2024
Bitcoin miner Hut 8 Corp. has entered into a definitive power purchase agreement for a site in West Texas. The agreement provides Hut 8 with 205 megawatts of power capacity, marking the first conversion from its 1,100 megawatts development pipeline. Hut 8 Finalizes 205 MW Power Purchase Agreement...
Key Bitcoin price metric drops to a 2-week low — Is the BTC bull market over?
9.7.2024
Bitcoin price has dropped to a worrying low, leading some traders to throw in the towel and claim the bull run is over