The Royal Government of Bhutan holds 13,029 Bitcoin (BTC), worth roughly $755 million at current prices, according to on-chain data gathered by Arkham Intelligence. Additionally, wallets tied to the Himalayan kingdom hold 656.013 Ethereum (ETH), worth approximately $1.5 million.
Bitcoin price wobbles near $58,000 as uncertainty over the Fed's monetary policy decision looms and traders eyeball weak economic data in China.
Economist and Bitcoin skeptic Peter Schiff predicts a significant drop in Bitcoin's (CRYPTO: BTC) value as silver and gold prices soar, sparking a fresh debate on the viability of digital currencies. What Happened: Schiff expressed his views on the recent market trends as silver broke above $31 and Bitcoin fell below $58,000, further fuelling his skepticism towards the digital currency.
Analyzing the timing: what prompted the diamond-handed Ethereum holder to initiate the sell-off?
Wisconsin is ready to move past partisanship with the unifying force of Bitcoin and crypto ahead of the 2024 election.
Ethereum is still the most developed on-chain economy, with a symbiosis between apps, block producers and block builders. Ethereum apps still transfer the most value and produce the most significant fees.
In recent market movements, both Bitcoin (BTC) and Ethereum (ETH) have shown significant influence over various altcoins, with one standout being GoodEgg (GEGG), a new AI-based social scoring cryptocurrency that has rallied an impressive 191%. The market dynamics of Bitcoin and Ethereum have been closely watched as they remain the two most influential cryptocurrencies globally.
Over $1.3 billion in Bitcoin outflows from centralized exchanges suggests investors may be holding out for potential breakout.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been experiencing a tumultuous period lately. Over the past month, the digital asset has dropped by 11%, with its price currently hovering around $2,300, according to Coin Gecko data.
The 7-day moving average (7DMA) for daily staker revenue on Ethereum recently fell to a six-month low.
An early crypto investor has pleaded guilty to filing tax returns that underreported the capital gains he earned from selling millions of dollars worth of Bitcoin (BTC). According to the U.S.
Bitcoin's failure to hold $60,000 shows hesitation to buy at higher levels before the FOMC decision on Sept. 18.
Ethereum (ETH) has underperformed against Bitcoin, with the ETH/BTC trading pair dropping to the lowest level since mid-2021. The decline comes as ETH price continues to struggle amid a decline in demand and a lack of interest from whales.
Bhutan, a country with a population of under one million, ranks as the world's fourth-largest sovereign Bitcoin owner. According to Arkham, the Kingdom of Bhutan holds over 13,000 Bitcoin (BTC) tokens valued at over $750 million as of Sept.
Investor and entrepreneur Tom Lee advised a 1% portfolio allocation to Bitcoin (CRYPTO: BTC) in 2019. Benzinga looks back at how this call aged and why Lee is now calling for a $100,000 price target for Bitcoin.
After four years of buying up Bitcoin, American software firm co-founder by BTC maximalist Michael Saylor, MicroStrategy, now holds a total of 244,800 Bitcoins worth around $14 billion after its latest purchase a few days ago.
Inflows to crypto investment products rose over the past week, but Ethereum continues to lose investors' interest.
TL;DR Vitalik Buterin emphasized at Ethereum Singapore the importance of individual staking for the network's security and decentralization, highlighting that it prevents the concentration of power. Staking in Ethereum 2.0 requires at least 32 ETH, but many users turn to centralized services, which can increase vulnerabilities in the network.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin's recent attempt to recover, the leading cryptocurrency has once again dipped below the crucial $60,000 mark. Over the last week, Bitcoin saw a notable 9.92% surge, briefly reclaiming the $60k level, but market analysts warn that this may not be a sign of long-term recovery.
Interest rate cuts are typically bullish for Bitcoin, but Senator Elizabeth Warren wrote that they could prevent an economic crisis.
Bhutan, the world's 90th largest economy, owns 13,011 Bitcoin (BTC), worth $780.5 million, as revealed by the on-chain analytics firm Arkham Intelligence. The Bhutan Government's Bitcoin holding and the disclosure of its address are now gaining significant attention from the crypto community across the globe.
Now, the question is will the SHIB price reach $1 after Bitcoin halving? Let's take a look at this SHIB Price prediction article.
Explore the potential of the upcoming altcoin season as we analyze the trajectory of 5 major coins primed to ride Bitcoin's market momentum. Understand what triggers altcoin season and how it impacts your cryptocurrency investments.
Market downturn pushes traders towards stablecoins as Bitcoin breaches critical support, impacting the broader altcoin market.
The bitcoin miner Iris Energy (IREN) is bucking today's down trend for most crypto stocks as it announced the purchase of 1,080 latest-generation NVIDIA H200 GPUs to support its growing AI Cloud business.
The Bitcoin mining sector is going through a tough time. According to a recent report by JPMorgan, the profitability of mining operations has reached historical lows, as a result of a drop in prices and an increase in the network's hash rate.
Ether's price hovers around a three-year low against Bitcoin, lagging behind BTC's 2024 performance. ETH is only 0.015% above its Jan. 1 level, while Bitcoin has soared by about 37% this year. As Ethereum is now at its weakest level against Bitcoin, investors might switch their focus toward Bitcoin.
ETH is feeling the impact of BTC's latest dominance spike, as sell pressure wipes out last week's gains.
After a Bitcoin mine closed in Hadsel, Norway, residents received a surprise. Initially lauded for decreasing noise pollution, the shutdown has raised community electricity expenses.
Bitcoin's (BTC) ongoing struggle to break past the $60,000 mark hasn't triggered a sell-off among holders. Instead, many are holding onto their assets, as shown by the decline in exchange activity.
Bhutan's growing Bitcoin empire revealed, with over $780 million in BTC acquired through extensive mining operations powered by the nation's renewable energy resources.
TL;DR Rebound in Investment Flows: Inflows of $436 million into digital asset investment products, following a series of outflows of $1.2 billion. Bitcoin in the spotlight: Bitcoin attracted $436 million in inflows, recovering from a streak of outflows. Challenges for Ethereum: Ethereum continued to see outflows of $19 million due to concerns about its profitability.
Brian Armstrong confirms cbBTC is backed by Coinbase itself, addressing rising community skepticism over the product's transparency.
Investors are once again accumulating Bitcoin (BTC) despite previous price declines. Reports indicate that approximately $1.3 billion worth of Bitcoin has been withdrawn from various crypto exchanges, signaling a renewed interest and confidence in the leading cryptocurrency.
Bitcoin set to explode? Liquidity grab below $50K clears path for a possible surge past $70K!
An argument for why tax treatment of bitcoin is a massive disincentive for its use in commerce.
It looks like Bitcoin's future is heading down a less optimistic path - at least according to its longtime critic Peter Schiff, as he recently outlined a scenario that could push the major cryptocurrency down to the $15,000-$20,000 range.
On September 16, 2024, during the Ethereum Singapore conference, Vitalik Buterin, co-founder and main face of Ethereum, highlighted a crucial aspect for the network: the importance of personal staking.
Bitcoin is poised for a potential bullish breakout in October, with a hidden pattern hinting at upward momentum.
Hinkal Protocol, a multi-chain privacy layer for confidential on-chain transactions, said it is launching “hETH” 一 an ETH liquid privacy derivative.
Popular technical analyst Gert van Lagen has opined that the price of Bitcoin (BTC), the leading cryptocurrency, could potentially surge to $300,000 based on its step-like formation.
Some analysts see this correction as a local price bottom for Ether, based on historical chart patterns.
As Bitcoin's price movement begins to acquire positive bullish momentum, the month of October appears to be promising for altcoins. Historically, when Bitcoin rises in price, this turns out to be a precursor of a bullish wave on the rest of the market, with other altcoins being discharged.
TL;DR Matrixdock officially launches its new gold token, XAUm, on September 16, 2024. XAUm is backed by physical gold with a minimum purity of 99.99% and meets LBMA standards. Users can purchase XAUm using USDT or USDC and redeem it for physical gold in Hong Kong and Singapore.
Bhutan's $750M Bitcoin holdings from mining operations by Druk Holdings are now labeled on Arkham, making it the 4th largest government with BTC holdings.
The 2024 election took another twist on Sunday with yet another attempt by a seemingly disgruntled Republican on the Republican candidate Donald Trump.
With the Federal Reserve's rate cut only a few days away, a crypto expert has shed light on the aftermath of Bitcoin‘s performance once the interest rate is decreased, particularly on September 18, which has been a major discussion within the general community.