An IT engineer is suing Newport City Council for £495 million after a decade-long struggle to recover a hard drive containing 7,500 bitcoins, worth nearly $500 million, which was mistakenly thrown away in 2013.
The Bitcoin price starts the weekly trade with a huge surprise of reclaiming the lost position at $64,000. The price was attempted previously, but it resulted in a pullback of over 8%, which slashed the entire market to their respective support.
The past few months have seen an unusual number of ancient Bitcoin (BTC) whales come back to life after years of dormancy. The new week in the crypto market has started with yet another one emerging from the crypt.
Bitcoin surpassed $64,000 amid positive market sentiment driven by Chinese stimulus hopes and strong U.S. economic data, while memecoins saw significant gains over the weekend.
Traders betting against Bitcoin price were particularly hard hit, as the rapid ascent left little room for margin calls and forced liquidations.
Bitcoin, the biggest digital asset, just skyrocketed to its highest level in two weeks, hitting an impressive $64,289. While leading crypto analyst Michael van de Poppe hints at a bullish run, excitement is building. In his latest analysis, he highlighted important resistance levels and key signs that could spark a big price surge.
Renowned investor and author Robert Kiyosaki has sent shockwaves through the crypto market with his bold prediction that Bitcoin (BTC) could drop as low as $5,000 amid a broader market collapse. His prediction has sparked widespread panic, causing investors to reconsider their positions in Bitcoin and other major cryptocurrencies like Avalanche (AVAX).
There are two good reasons why Bitcoin should be the first cryptocurrency you own.
Bitcoin has spent the weekend within a very tight trading range and analysts are mulling its next move for the week ahead, but will it be up or down?
Bitcoin NFT sales have skyrocketed by 29.36%, reaching $16.78 million, showing a spot in an otherwise gloomy market performance.
Crossing above the $64,000 mark, the Bitcoin price has increased by 1.89% in the past 24 hours. With a market cap of $1.26 trillion, Bitcoin dominates 56.7% of the crypto market. Currently, Bitcoin is trading at $64,066, with an intraday gain of 1.94%.
MicroStrategy, the world's largest corporate holder of Bitcoin is capturing all the attention with a mega MSTR price rally. On Friday, the MSTR share price surged 16% shooting all the way to $212.59 levels following a major breakout above $190 last week.
When Bitcoin rises, traders tremble: the golden beast ascends, but the shadow of the bears is never far away.
Bitcoin is trying to take a break out from the downwards parallel channel that it has been stuck in for over months. Finally after a long struggle, btc price has once again risen above $61,000. In the last 24 hours the price took a surge of 3.58% and touched $64,280.
A top crypto strategist known for making timely Bitcoin calls is outlining a price level where he thinks BTC's eight-month consolidation could come to a close. Pseudonymous analyst DonAlt tells his 589,100 followers on the social media platform X that he believes Bitcoin will gather more bullish momentum if it clears a crucial resistance area.
The cryptocurrency market has displayed a neutral price action over the past week, indicating weak buying and selling pressure among investors. Moreover, top tokens such as Bitcoin, Ethereum, and Ripple repeatedly fail to break their important resistance, highlighting rising uncertainty.
Google search interest for Bitcoin hit a yearly low in mid-October, while meme coin momentum remained high.
Google search volumes for "Bitcoin" have just reached a one-year low while interest in memecoins continues to soar.
Crypto analyst Levi takes viewers on a deep dive into The Simpsons' fascinating history of predicting cryptocurrency trends. Since 2012, the iconic show has made several references to crypto, including discussions around Bitcoin and blockchain technology, long before these became widely known.
The Simpsons have made several predictions about Bitcoin and cryptocurrency that have caught the attention of many. The show has a history of making uncanny predictions and recently cryptocurrency enthusiast Levi took to his latest video and brought to attention some crazy predictions made by them.
Crypto majors moved higher Monday while memecoins led weekend action. PLUS: China stimulus announcements fell short of expectations, but traders' hopes remain high.
China's Finance Minister outlined the country's plans to provide a fiscal stimulus package to reinvigorate its economy on Saturday.
Traders are leaving exchanges: Bitcoin now prefers the calm of a cozy wallet to the stress of turbulent markets.
Prominent cryptocurrency advocates Mark Cuban and Max Keiser criticized former President Donald Trump's move to proceed with the sale of tokens tied to his much-touted cryptocurrency project, World Liberty Financial (WLFI). What Happened: Billionaire investor and popular face on television, Cuban stated, “I'll let this stand on its own,” while reacting to Trump's announcement of the upcoming sale.
Bitcoin has reached its highest price so far in October, surging above $64,000 early on Oct. 14 and liquidating over $52 million from those betting its price would fall.
Cryptocurrency Market Overview: The global cryptocurrency market saw a notable uptick today, with the market cap rising by 1.98%, reaching $2.24 trillion. Trading activity surged, evidenced by a 27.28% increase in 24-hour volume to $57.9 billion. Sentiment remains balanced, as the Fear & Greed Index holds steady at 45, signaling neutral investor sentiment.
Bitcoin, the leading cryptocurrency by market capitalization, has managed to reclaim the $64,000 level, according to data provided by CoinGecko.
Bitcoin has been trading within a narrow range for over 200 days. During this time, altcoins have also remained at similar price levels, leading to a sense of stagnation in the market. Analyst Michael Van De Poppe said that while the market is dull, he expects changes are on the horizon.
The crypto prices today have birthed considerable investor optimism globally, illustrating rising trajectories. Bitcoin (BTC) price gained notably to top the $64K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices traded in the green territory.
Another busy week lies ahead on the United States economic calendar with plenty of reports and a number of Federal Reserve speeches.
Bitcoin reserves on all centralized exchanges have dwindled to an all-time low. The declining amount of Bitcoin reserves on these exchanges represents a growing demand for non-custodial solutions among cryptocurrency holders.
Bitcoin price started a fresh increase above the $62,000 resistance zone. BTC is now consolidating and might aim for more upsides above $63,000.
Bitcoin is a stand-out asset for its returns compared with other asset classes despite its volatility, says NYDIG.
BTC fails to break $64K as China's weak demand and US BTC-spot ETF inflows shape sentiment. Oversupply risks persist after the US court's Silk Road ruling.
Bitcoin's Open Interest saw a significant spike after a $2.5 billion liquidation in Futures positions.
The Russian Bitcoin mining hotspot of Buratiya will get an energy upgrade, with a revamped thermal power plant set to come online “before the end of 2029.”
James Howells is suing Newport City Council after a decade-long fight to recover a hard drive containing 7,500 bitcoins, now worth nearly $500 million, mistakenly dumped in 2013. The council has repeatedly denied excavation requests, citing environmental concerns. Howells claims the data is recoverable.
Leading cryptocurrencies slipped Sunday as worries over high inflation and the U.S. government's potential Bitcoin liquidation weighed on the market.
When the recovery momentum around the $0.000017 level was lost, Shiba Inu's current price pattern was deemed invalid. It appears that the symmetric triangle pattern that once suggested a breakout is weaker now.
Inside MicroStrategy's bold plan to become a Bitcoin bank
A new South Korean regulatory body is set to launch this month, with a ruling on Bitcoin ETF approval reportedly high on its agenda.
Microstrategy's stock, MSTR, has soared 1,620% since the company adopted a bitcoin-centered strategy, far outpacing bitcoin itself, the S&P 500, and tech giants such as Nvidia. The company's bitcoin holdings now exceed 252,000 BTC. Microstrategy's executive chairman, Michael Saylor, remains bullish about bitcoin's price as his company plans to further boost its BTC investments.
Michael Saylor's aggressive Bitcoin strategy over the past few years has largely paid off for him and MicroStrategy, making the company now one of the largest corporate holders of Bitcoin.
Memecoins experienced double-digit gains during September 2024, primarily driven by new token creation on the Solana and Tron networks.
Bitcoin has soared to $63,000, fueled by Chinas $283 billion debt stimulus and massive whale accumulation. Altcoins like Ethereum and Solana also posted gains, riding the wave of market optimism.
Bitcoin ETFs rebounded on October 11 with a staggering $253.6 million inflow, led by major funds from Fidelity and ARK 21Shares. Meanwhile, Ethereum ETFs showed almost no activity, highlighting a stark contrast in investor interest.
The following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks, educational tools, and industry insights. Originally published on Sept. 3, 2024, it was penned by Bitcoinminingstock.io author Cindy Feng.