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Bitcoin’s Role as ‘Digital Gold’ Will Aid Further Demand, Traders Say
7.11.2023
Traders continue to point out bitcoin’s supposed role as ‘digital gold,’ amid economic headwinds in the U.S., as a possible price catalyst
Bitcoin’s Transaction Backlog Swells With Latest Inscription Wave, Pushing Fees Up 4,000%
7.11.2023
After a quiet period post-September 15, Bitcoin transaction backlogs are surging anew, with a noticeable resurgence of Ordinal inscriptions starting October 24. The number of pending bitcoin transactions in the mempool has surpassed 157,000, prompting a rise in high-priority transaction fees...
Bitcoin’s Price Surge Fails to Entice Former Day Traders
6.11.2023
The price of Bitcoin has rallied in recent weeks, more than doubling from its November 2022 lows after the UK collapse of the cryptocurrency exchange FTX. Former day traders who previously made big profits from Bitcoin’s volatile swings say they have no plans to return, however, even...
Counterfeit Ledger App Scams Crypto Users Out of Over $760K on Microsoft App Store
6.11.2023
According to onchain analyst Zachxbt, hackers got away with more than $768,000 after sneaking a counterfeit Ledger Live application into the Microsoft App Store. Out of the stolen stash, the attack netted over 16.8 bitcoins worth $588,000. Hackers Steal Over $760,000 in Crypto Through Fake Ledger...
Bitcoin’s Ordinal Inscriptions Surge to Second-Highest Daily Count, Causing BTC Transaction Spike
5.11.2023
As September 2023 waned, there was a noticeable dip in the creation of Ordinal inscriptions, but as the month of October closed, a significant rebound occurred. This upward trend peaked on November 4, 2023, when the Bitcoin blockchain recorded the second-highest daily total of Ordinal inscriptions...
Bitcoin’s Value Can Outpace Gold, Says Fidelity Executive
3.11.2023
Bitcoin (BTC) may be a form of “exponential gold” capable of outperforming the precious metal in times of high inflation, wrote Fidelity’s Global Macro Director Jurrien Timmer on Wednesday. In a series of threads posted on X this week, Timmer outlined how Bitcoin’s...
MicroStrategy Acquires Additional 155 Bitcoin Worth $5.3 Million in October
2.11.2023
The prominent business intelligence and software company MicroStrategy reaffirmed its unwavering dedication to Bitcoin with the recent acquisition of an additional 155 BTC at a total cost of $5.3 million. On November 1, MicroStrategy’s chairman and founder, Michael Saylor, revealed that...
Bitcoin’s Safe Haven Status Bolstered by Treasury Underperformance, Mohamed El-Erian Says
1.11.2023
"You have people talking about bitcoins, about equity, being the safe asset," El-Erian told CNBC
SEC Chair Gensler Wishes Bitcoin’s White Paper Happy Anniversary With Warning for Crypto Firms
1.11.2023
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has wished Bitcoin’s white paper a happy anniversary. In addition to his playful remark about Bitcoin creator Satoshi Nakamoto dressing up in a Halloween costume, Gensler issued a stern warning to crypto firms, emphasizing...
Bitcoin's 'Triangular Consolidation' Is Bullish: Technical Analysis
31.10.2023
Such consolidations generally end with an upward breakout, one observer said
Crypto Exchanges Face Historic Liquidity Crunch Ahead of Bitcoin Halving
30.10.2023
About 60,000 bitcoins valued at just over $2 billion were removed from trading platforms in the past 90 days. The number of bitcoins on centralized exchanges is slightly more than 2 million. A recent report from Falconx says swings in the market have been exacerbated by a persistent lack...
Bitcoin’s Black Swan — A Retrospective on 2020’s ‘Black Thursday’
30.10.2023
Almost four years have elapsed since the market crash of March 11, 2020, widely known as “Black Thursday.” During that turbulent period, the value of bitcoin plummeted by more than 50% in a 24-hour span, reaching $3,867 per unit. This ominous date, etched indelibly in financial...
Bitcoin’s Climb to $35,000 Fuels Surge in Crypto Trading Activity – Is the Bull Market Starting?
30.10.2023
The cryptocurrency market has found new momentum by a recent rally that propelled Bitcoin’s value towards the $35,000 mark. The surge in price has not only caught the attention of investors but has also sparked a renewed interest in crypto trading, leading to a significant increase in daily...
Market Expert Gareth Soloway Explores Bitcoin’s Future Amidst Rising Treasury Yields and ETF Speculation
27.10.2023
Year-to-date, bitcoin (BTC), the leading digital currency by market cap, has witnessed a staggering increase of over 100%, sparking curiosity about the duration of its upward trajectory. In a Thursday interview with Gareth Soloway, the head market strategist at inthemoneystocks.com, the expert...
Bitcoin's 14% Weekly Gain Signals 'End of an Era' as Big Tech Dumps, Analyst Says
27.10.2023
Bitcoin's advance this week coupled with gains across all digital asset sectors, highlighting the breadth of the crypto rally
Pepecoin Doubles to $500M Market Cap as Memecoin Fever Steals Bitcoin's ETF Thunder
26.10.2023
The price of pepe [PEPE], one of the many memecoins that spawned out of crypto winter, has doubled in a week as traders anticipate the etchings of a bitcoin [BTC] spot ETF-induced bull market
Bitcoin’s momentum is crucial for industry, say experts
26.10.2023
BTC is way above the mark of $30k, and experts are weighing in with their opinions about how Bitocin can end up benefiting the entire crypto community. Highlights are that if Bitcoin performs well on the board, it brings a more optimistic picture for memecoins like SHIB. Needless to say, the effect...
Bitcoin’s Recent Outperformance Fueled by Institutional Demand, JPMorgan Says
26.10.2023
There has been a significant bitcoin inflow into larger wallets, which suggests institutional investor demand, the report said
Litecoin Price Prediction as Bitcoin’s Rally Spurs 5% Spike for LTC: Are Investors Shifting Towards LTC?
25.10.2023
The price of Litecoin (LTC) has dropped by 2% in the past 24 hours, with its fall to $68.57 erasing some of the gains it made during yesterday's market-wide rally.
Yet LTC remains up by an impressive 10% in the past week, as well as by 7% in a month, as growing positivity surrounding potential...
Bitcoin's Surging Perpetual Funding Rates Make Arbitrage Trades Attractive
25.10.2023
The funding fee arbitrage involves selling perpetual futures while simultaneously buying the cryptocurrency in the spot market. The strategy currently offers an annualized yield of over 10%