According to blockchain analytics platform Lookonchain, a Bitcoin wallet that had been inactive for 14 years has reemerged. The entity deposited 50 BTC worth around $3.05M to Binance. Early Bitcoin Miner Wallet Moves 50 BTC The dormant wallet, belonging to an early Bitcoin miner, sprang to life on Thursday, moving its entire balance of 50 […]
According to data shared by Lookonchain, the German government has transferred an additional 750 BTC, valued at approximately $46.35 million. Around $15.41 million or 250 BTC of this amount was sent to crypto exchanges Bitstamp and Kraken. Despite these transfers, the entity still maintains a significant Bitcoin reserve, currently holding 45,609 BTC, which has an […]
Bitcoin’s price took a steep tumble early this week, driving over $300 million in crypto market liquidations in a single day. Why the sudden volatility? Gayatri Choudhury, Quantitative Research Analyst at Bitwise, says there have been two key drivers of the selloff – and neither relates to the Bitcoin ETFs. Miners Are Dumping The analyst […]
Bitcoin (BTC) has continued its downtrend, reaching new local lows of under $59,000. During the mid-hours of the United States Monday trading session, BTC briefly fell below $60,000 to register a new local low of $58,500. This slump has persisted as outflows from the U.S. spot Bitcoin exchange-traded fund (ETF) market have continued into the […]
Bitcoin’s price has been on a rollercoaster throughout the past couple of days, resulting in hundreds of millions of liquidations across the board. Traders and analysts are now speculating on what’s next, with Willy Woo giving some insights on BTC’s short-term price targets. BTC Bounces Back Above $61K The BTC price went off a cliff […]
Monday has started on the wrong foot for bitcoin and the entire crypto market as the primary digital asset plummeted from over $64,000 to a new multi-week low of under $62,500. Although the liquidations on a daily scale are still relatively low of just over $130 million, the total amount of wrecked traders has risen […]
Bitcoin’s price has been trapped within a tight range after its drop from $70,000. However, this prolonged market downturn has failed to deter investors from stacking up the world’s largest digital asset. One such whale, known for strategically selling at price highs, has now bought $395 million worth of BTC. First Bitcoin Purchase After 1.5 […]
Bitcoin’s price has been trapped within a range below $70,000 for quite some time now. Attempts to surpass this level have been brief and unsuccessful as the digital asset failed to maintain the upward momentum. Interestingly, new research revealed that the retail crowd is not here yet. Bitcoin Retail Crowd Not Here Yet According to […]
Bitcoin fell to a monthly low of $65,000 on June 14 and is currently down around 5% since the same time last week. However, zooming out to view the bigger picture shows that the asset is still consolidating where it has been since early March. “Bitcoin very rarely goes this quiet,” commented analyst James Check […]
TL;DR Donald Trump promises to support Bitcoin and crypto mining if elected, which could result in surging BTC prices (according to ChatGPT). Broader economic conditions, such as inflation and Federal Reserve policies, might also significantly influence the asset’s future valuation. What Are BTC’s Chances? The US presidential elections, scheduled for November this year, are supposed […]