According to data from Coinglass, the crypto market saw a total liquidation of $123 million in the last 4 hours, with long orders accounting for 95% of liquidations. In the last four hours, BTC plunged 5% and ETH dropped 6%, with the current price trading near $38,947 and $2917, respectively. Other cryptocurrencies too dived lower […]
However, the recent sell-off in the crypto market has sunk the coin price to shared support of ascending trendline and $40000. Responding to the bearish flag pattern channel, the Bitcoin price plunged below the $45000 support on April 6th. The BTC/USDT price dropped to the $40000 psychological support level during the freefall, registering a 10% […]
A close examination of a chart provided by the analytics platform reveals a slight decrease in BTC reserves across all exchanges from the 2.41m peak in January of this year. …Read the full story
Following its 2022 peak of $49k in late March, the asset has since seen a consistent downslide, leaving investors ambivalent about its next stop. Following a consistent downslide, Bitcoin ended the month of March with a value of $46k after reaching a peak of $49k. The asset hit a low of $39.3k on April 11th, […]
Amid this negative price action, BTC whales are moving huge amounts of the token off exchanges. Tokens being moved-off exchange usually signal a rise in prices, as active supply reduces. According to Whale Alert, over $1.62 billion worth of 40.47K Bitcoins has left Coinbase’s platform to various sources in the last 24 hours. Meanwhile, 5.6K […]
BTC is trading around $40,000, and has fallen over 11% in the past seven days. Data from blockchain analytics firm Santiment showed that BTC was seeing a steady number of around 4000 whale transactions above $1 million on weekdays, even as its price retreated. In this case, increased whale activity could indicate that BTC has […]
While many key players are currently focused on Bitcoin’s price performance, O’Leary is more concerned about the dangers that the Bitcoin mining industry can pose for the market. Speaking in a recent interview, O’Leary warned that such miners were likely going to run into trouble with getting financing. Writing is on the wall for public […]
IT has taken the complaints related to massive resource consumption by blockchains and NFTs seriously, and the goal is to create new forests to neutralize carbon emissions. The gas fee from transactions on the blockchain will be used to plant trees, and nearly 70,000 acres of land will be covered under this initiative. It is […]
Xange’s Carbon Credit Solution on the XRP Ledger will further lead to the issuance of tokenized carbon credits, following the guidelines set by the top industry working groups, including the InterWork Alliance . As Xange’s goal revolves around climate change and climate security, therefore, it also goes hand-in-hand with the preventing illegal financial transactions by […]
According to reports, the Taproot upgrade has been a long time coming — about seven years precisely but was kick-started again on June 12, 2021. Without any doubt, Taproot is the most significant upgrade to the Bitcoin network since SegWit in 2017 as earlier mentioned. Meanwhile, even as today’s upgrade suggests mostly a backdoor kind […]
The Director emphasized Nigerian CBDC’s qualities, noting that it will enable financial diversity by facilitating an innovative yet regulated and secure financial ecosystem, so people from all walks of life will get an opportunity to hop on to the digital currency wagon and enter Web3. With the eNaira launch, the Nigerian government expected that it […]
After hitting its all-time high of $69,000 earlier this week, the world’s largest cryptocurrency Bitcoin has been moving sideways. Another popular journalist Colin Wu explains that short-term holders resolved to profit-booking on Friday pushing the BTC price to a low of $62,300. BTC fell to $62,300 last night. The Bitcoin price is still trading 5% […]
Bitcoin Taproot upgrade is all set to get activated by this Saturday nearly five months after getting locked in nearly five months ago in June. Taproot promises to bring programmable scripting quite similar to Ethereum smart contracts and thus could make way for other ecosystems working on top of it. With a focus on privacy, […]
On Wednesday, November 10, the Bitcoin price shot up significantly to a new all-time high of $69,000 soon after the U.S. The rise in the BTC price was pretty obvious considering that the digital asset serves as a strong inflation hedge. Bitcoin entered a sharp correction dropping nearly 10% all the way to the bottom […]
Bitcoin price has rallied 5.40% over the last 24 hours to trade above $65,000. Meanwhile, Bitcoin’s market dominance has dropped from around 48% when BTC rallied to hit a new all-time high around $67,000 on October 20 to 43.29% at the time of writing. Bitcoin was rejected by the downtrend line on November 02 as […]
As part of efforts by the Nayib Bukele-led government to ease Bitcoin adoption in the country, a $30 dollar bonus had been placed on every new wallet opened. According to Cristosal, a human rights organization in El Salvador, it has already started receiving complaint notifications in this regard. Meanwhile, Chivo’s official website is claiming that […]
Many analysts believe that Bitcoin still has a long way to go, with the next two months before the year ends being of great concern. Nonetheless, BTC retreated from the new all-time highs where it naturally found support above $59,000. As long as bulls keep the price above $60,000, Bitcoin will keep the uptrend intact […]
Several indicators point out that Bitcoin has been on the path of recovery, and it could be probably on the uptrend post this expiry on Friday, June 25. On the other hand, Bitcoins are now moving from weak hands to strong hands. Previously, two weeks back, it sold 1500 BTC at $40,000. While Bitcoin is […]
In a note on Wednesday, June 23, JPMorgan strategist Nikolaos Panigirtzoglou writes that the unlocking could possibly trigger further selling of GBTC shares by institutional players. At press time, BTC is trading at a price of $32,990 with a market cap of $613 billion. The Strategists further noted that based on fair value estimates and […]
The world’s largest cryptocurrency Bitcoin has been struggling under the $50,000 levels. However, he noted that derivative traders have to be careful in the short term since the number of whale deposits on the exchange has been increasing. Earlier today, Chinese crypto analyst Wu Blockchain noted that Bitcoin’s dominance in the overall crypto space has […]