Bitcoin (BTC) mining companies are demonstrating remarkable resilience despite a significant drop in revenues. Following the block reward halving in April 2024, daily mining revenues plummeted from $70 million to just $31 million.
Bitcoin price struggled to recover from early losses, trading under pressure around the $60,500 level. The downward trend is largely attributed to the U.S. government's plan to sell $4.38 billion of seized Bitcoin from the infamous Silk Road marketplace.
A CryptoQuant analyst has highlighted concerns about the lack of U.S. investor participation in Bitcoin recent rally.
Bitcoin had a rough Wednesday, starting the day above $62,000 but quickly slipping to a daily low of $60,541. The market turbulence didn't stop there, as over $40 million in bitcoin long positions were wiped out. Across the broader crypto space, both long and short positions saw liquidations totaling $169.
Bitcoin developer Peter Todd has been accused of being Satoshi Nakamoto in a new HBO documentary. Filmmaker Cullen Hoback presents the claim as conclusive evidence of Todds identity, though Todd has repeatedly denied these allegations on social media and in interviews.
Binance is set to delist critical BTC, ETH, and BNB trading pairs on October 11, igniting price crash speculations across the crypto market. Investors brace for potential volatility as the deadline approaches.
The Infraud Bitcoin bribery court case has ended, with a Russian court jailing a former top federal agency detective for 16 years.
Bitcoin (BTC), the world's largest cryptocurrency by market cap is poised for a significant price decline as investors have realized billions worth of profits in the past 24 hours. Additionally, BTC has formed a bearish price action pattern, further supporting this negative outlook. $5.
Bernstein analysts have predicted that the November presidential election result could affect the price of Bitcoin. The firm's report shows possible price shifts based on Trump and Harris assuming the presidency.
German parliament member Joana Cotar believes Bitcoin could transform the fight against inflation and promote economic independence.
One observer noted 7,000 PlusToken-related ETH transferred to crypto exchanges on Wednesday, raising concerns about potential selling pressure.
Former Ripple director Matt Hamilton weighed in on this discourse, declaring XRP as a superior option compared to Bitcoin. Speaking on the Mr.
The hack, which took place in August 2016, resulted in the theft of 119,756 BTC from Bitfinex's platform—an event that sent shockwaves through the crypto industry. To mitigate the loss, Bitfinex initially implemented a 36% haircut on customer accounts, sparking outrage among its user base.
Compass Mining has announced a partnership with Mindshift, a licensed digital asset service provider in South Korea, to extend bitcoin mining services to the region. The collaboration aims to address challenges like high electricity costs while making bitcoin mining more accessible to South Korean residents.
TRX's Long/Short Ratio currently stands at 2.22, the highest since late September 2024.
Bitcoin price oscillates in a narrow price range as BTC's low volatility hints at a sharp price move around the corner.
Bitcoin (BTC) continued trading in the red and fell below $61,000 despite the Federal Reserve's dovish remarks in the Federal Open Market Committee's (FOMC) minutes published on Oct. 9. As of press time, BTC was trading at $60,935, down 2% over the past 24 hours.
Bitcoin (BTC), the leading cryptocurrency, has seen a significant drop in exchange reserves, shedding $31 billion worth of BTC since February. This decline in the amount of Bitcoin held on exchanges is a critical indicator, signaling changing behaviors among investors as the asset's price hovers around $62,300.
The Fed minutes for its September meeting have further dampened hopes for a 50 basis points (bps) rate cut in November. This provides a bearish outlook for the Bitcoin price, considering the market was already pricing into a 50 bps rate cut following Fed Chair Jerome Powell's dovish speech following the September FOMC meeting.
Bitcoin might be having trouble initiating a major rally soon, however, investors' interest in the flagship digital asset appears to be growing as the number of active addresses has begun to rise once again, indicating heightened engagement from both old and new investors.
Brazil's stablecoin market is experiencing explosive growth, significantly outpacing Bitcoin in transaction volume on local exchanges. This surge reflects an increasing preference for stablecoins in B2B cross-border payments, driven by the need for stable US dollar exposure amid local currency fluctuations.
The head of blockchain analytics platform CryptoQuant says that ancient Bitcoin (BTC) whales are largely remaining dormant. Ki Young Ju tells his 363,800 followers on the social media platform X that the Spent Output Age Bands (SOAB) metric indicates long-term holders of Bitcoin are not moving their coins.
JAN3 CEO Samson Mow suggested that traditional financial institutions operate in the shadows to prevent more nations from following El Salvador's path of integrating Bitcoin into their financial systems. Mow commented on a specific case involving the World Bank and another nation.
Options on Bitcoin ETFs could speed up adoption among financial advisers, James Seyffart said at Permissionless.
Bitmain stormed the Bitcoin mining industry after launching new and more efficient mining machines for Bitcoin miners. The company announced the S21+ Hyd.
Bitcoin price trades in a 7-month range, and charts suggest the pattern could culminate with a strong downside move.
★★★★☆ | Cullen Hoback's documentary is an entertaining watch, and uses the same tactics as a crime drama to keep his suspect hidden until the very end.
Cryptocurrency markets are trading sideways despite key Bitcoin metrics rising. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $61,248 -1.2% Ethereum (CRYPTO: ETH) $2,412 -0.9% Solana (CRYPTO: SOL) $140.6 -1.5% Dogecoin (CRYPTO: DOGE) $0.1087 +1.98% Shiba Inu (CRYPTO: SHIB) $0.00001697 -0.9% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 5.6% and daily active addresses growing by 16.5%.
It appears that the United States government is going to compensate Bitfinex, which lost nearly 120,000 Bitcoin (BTC) in a 2016 hack. In a report, the government claims that Bitfinex is the sole entity eligible for this significant compensation, as they have already reimbursed their customers through BFX tokens.
The crypto week ahead may see a market recovery, with signs of a rebound in memecoin valuations and overall market cap.
Binance, one of the world's leading cryptocurrency exchanges, has released its 23rd Proof of Reserves report for October 2024, shedding light on significant changes in its major cryptocurrency holdings. As the crypto market experiences fluctuations, this latest snapshot reveals a notable decline in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) reserves.
Residents of a town in Texas are suing a publicly listed Bitcoin (BTC) mining firm over noise pollution.
Peter Schiff, a well-known Bitcoin critic, has taken another jab at Michael Saylor, CEO of MicroStrategy and Bitcoin's biggest cheerleader. Schiff tweeted his prediction that the U.S. government is about to sell 69,370 Bitcoins, valued at roughly $4.3 billion.
In the new HBO documentary “Money Electric: The Bitcoin Mystery Documentary”, filmmaker Cullen Hobak posits that Peter Todd, a prominent Canadian Bitcoin core developer, is the elusive Bitcoin creator known as Satoshi Nakamoto. Despite the sensational claims, the evidence presented falls short of conclusive, leading to significant criticism from the BTC community.
The battle between Bitcoin buyers and sellers continues as BTC price falls closer to a key support level.
The LEO price is up following the US government's claims that the Bitfinex exchange is the sole entity eligible for compensation for the Bitcoin hack on the exchange in 2016. This has provided a boost for LEO, considering its role as the utility token in the crypto exchange's ecosystem.
Bitwise CIO Matt Hougan says three conditions could pave the way for Bitcoin (BTC) to rip to the $80,000 level before the end of the year. In a new note to investors, Hougan references a prediction that Bitwise made at the end of 2023 forecasting that BTC would trade above the $80,000 level in 2024.
According to options data, the chances of BTC hitting $85K by year-end were around 16%.
FTM, TRX, and APT show gains, while analysts project a long-term bullish outlook for BTC.
Bitcoin's failure to hold $62,000 may trigger another selloff and pull altcoin prices lower.
Professional crypto trader Justin Bennett shared his insights on Bitcoin's (CRYPTO: BTC) market volatility and future predictions ahead of the FOMC minutes meeting. What Happened: Bennett took to social media to highlight that the meeting minutes are not a Fed rate decision, which is why does not expect as much volatility as typically seen from a Fed rate decision.
Glassnode analysts report that bitcoin's recent shallow drawdowns are consistent with historical bull market trends.
Ireland's Criminal Assets Bureau (CAB) is facing a massive problem. They've been sitting on $378 million worth of Bitcoin, and they can't touch it.
The co-founder and the COO of Luxor has shared that Ethiopia is fully operational with an increased hash rate for BTC as 600 MW for mining. Ethiopia's most popular mid-generation mining rigs were the Avalon A1346 and Antminer S19J Pro models.
Activists across the globe see bitcoin as a tool for promoting pro-democracy protests despite financial repression.
Activists across the globe see bitcoin as a tool for promoting pro-democracy protests despite financial repression.
Cryptocurrency enthusiasts who aren't convinced of the newly uncovered identity of Bitcoin‘s (CRYTPO:BTC) pseudonymous founder Satoshi Nakamoto in a HBO documentary may want to take a trip to Budapest, Hungary. Unveiled on Sept.