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Bitcoin keeps liquidating longs as BTC price action gives up $22K support
9.3.2023
Bitcoin longs get punished by relatively small BTC price losses as BTC/USD trends towards significant support lines
Deadline Approaching: Mt Gox Trustee Sets Final Cut-off Date for Creditors to Claim Over $3 Billion in Recovered Bitcoin
9.3.2023
The Tokyo bankruptcy court trustee for the defunct Japanese bitcoin exchange Mt Gox, Nobuaki Kobayashi, has published a letter stating that creditors have until March 10, 2023 (Japan Time) to register their repayment claims. Kobayashi explains that the team is dealing with “a large number...
Best Crypto to Buy Today 8 March – LHINU, CFX, FGHT, IMX, METRO, CCHG
8.3.2023
The cryptocurrency market, including Bitcoin, experienced a decline after Federal Reserve Chairman Jerome Powell's testimony to Congress on Tuesday, indicating the need for higher interest rates to tackle inflation amid the quick bounce back of the US economy from the pandemic.
As Bitcoin hovers...
Bitcoin clings to $22K as US dollar strength rises to December levels — What's next?
8.3.2023
Bitcoin threatens to remove $22,000 as support as BTC price suffers against a booming DXY
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $22,000, as Powell Warns of Higher Rates
8.3.2023
Bitcoin moved below the $22,000 level on March 8, as markets continued to react to U.S. Fed Chair Jerome Powell’s testimony. Speaking in front of the Senate Banking Committee, Powell said he expected rates to be higher than initially anticipated. Ethereum has also slipped on the news....
Brace for BTC price volatility? Bitcoin 'coin days destroyed' metric jumps to 2-month highs
8.3.2023
A large transfer of Bitcoin associated with the U.S. law enforcement likely cased a spike in the on-chain metric
Cathie Wood's ARK ignores Silvergate, buys Coinbase stock for 6th straight month
8.3.2023
ARK appears unfazed by Silvergate as it increases COIN exposure by over 700,000 shares so far in 2023
Compass Mining Alerts Bitcoin Miners of Changes in Bitmain’s ASIC Design
8.3.2023
Compass Mining, a bitcoin mining firm, published a blog post stating that Bitmain, the company behind the application-specific integrated circuit (ASIC) mining rig, has made changes to its design. The post advised miners to be aware of the changes as Compass Mining identified “three...
Jack Dorsey’s Block asks for input on proposed ‘mining development kit’
8.3.2023
Block’s mining hardware product lead, Naoise Irwin, has asked for pointers on a proposed hardware and software development kit for Bitcoin mining
Bitcoin’s Correlation to US Stocks is Fading – Why That Could Be a Good Thing for the BTC Price
8.3.2023
The positive correlation between the Bitcoin price and US stock prices, which reached a record high in 2022, is fading. The Bitcoin bulls will be hoping that this decoupling bodes well for Bitcoin, given it might mean that the US stock market’s ongoing struggles might be becoming less of a headwind...
Key Indicator of Bitcoin Market Profitability Turns Bearish – Here’s What That Means for the BTC Price
7.3.2023
A key indicator of profitability in the Bitcoin market just turned negative, a bearish sign according to some analysts. In wake of Bitcoin’s latest price dip back to the $22,000 area, the 30-day Simple Moving Average of the average Spent Output Profit Ratio (aSOPR) recently fell back below 1,...
Bitcoin to Sub-$20,000 Next? Here’s What Options Markets Say About the BTC Price Outlook
7.3.2023
Cryptocurrency markets have slipped on Tuesday in tandem with US stock prices as US yields and the US dollar rise in wake of hawkish commentary from US Federal Reserve Chairman Jerome Powell at the first day of his semi-annual testimony before the US Congress on Tuesday....
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Bitcoin ASIC manufacturer Canaan saw 82% revenue drop in Q4
7.3.2023
The firm's revenue only fell by 14% for the entire year as part of better industry conditions in Q1 and Q2 2022
Bitcoin, Ethereum Technical Analysis: BTC, ETH Stall Ahead of Powell Testimony
7.3.2023
Bitcoin remained in consolidation earlier in Tuesday’s session, as markets prepared for this afternoon’s testimony from Fed Chair Powell. The head of the U.S. Federal Reserve will be speaking in front of the Senate Banking Committee later in the day. Ethereum was also largely...
BTC may need to dip to $19.3K to cool Bitcoin profit-taking — new data
7.3.2023
Bitcoin short-term holders have been getting active, and their profitability may be underscoring current support and resistance levels, Glassnode reveals
Rollkit Developers Leverage Bitcoin for Sovereign Rollups, Sparking Criticism from Ethereum Proponents
6.3.2023
The Rollkit development team has announced that Bitcoin has been integrated as a means for sovereign rollups to store and retrieve data. The developers have stated that it is now possible to run the Ethereum Virtual Machine (EVM) on Bitcoin as a sovereign rollup. However, some Ethereum proponents...
Bitcoin traders eye $19K BTC price bottom, warn of 'hot' February CPI
6.3.2023
It could be a testing few weeks for Bitcoin and risk assets, market commentators say, with Fed Chair Jerome Powell due to kick off the triggers on March 8
Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations
6.3.2023
It has been 21 days since Paxos revealed that it would no longer mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have been redeemed. Prior to the announcement, BUSD was once a top-ten crypto asset. However, the top ten cryptocurrencies by market valuation have changed since...
Bitcoin, Ethereum Technical Analysis: Volatility in BTC, ETH Remains High to Start the Week
6.3.2023
Bitcoin consolidated for a third straight session, as markets prepared for a big week of U.S. economic data. Later this week, nonfarm payrolls will be posted, with Federal Reserve chair Jerome Powell also speaking in the coming days. Ethereum also fell marginally lower to start the week. Bitcoin...
BTC price 'in the chop zone' — 5 things to know in Bitcoin this week
6.3.2023
BTC price keeps traders and analysts in the dark as a week of macro triggers dawns, while Bitcoin network fundamentals plan new all-time highs