Bitcoin’s recent climb to new all-time highs might not be as strong as it looks. A new report has revealed that while BTC’s price has surged, the number of active addresses on its network has dropped. This signals a negative divergence between the coin’s market price and on-chain activity. The weak participation puts a potential
Leading cryptocurrency Bitcoin (BTC) broke a new record over the weekend, reaching its highest level in its 17-year history and breaking through the $125,000 barrier. At this point, analysts predict that Bitcoin is poised for further gains in the coming weeks after reaching a new record high on Sunday, with the next target being $150,000.
While billionaire hedge fund manager Warren Buffett has long touted investing in the S&P 500, recent data shows that since 2020, the index has underperformed Bitcoin by around 88%. In an Oct. 5 X post by Phil Rosen, the co-founder of stock market data newsletter Opening Bell Daily, noticed that while the S&P 500 has
Bitcoin price started a strong increase and traded above $124,000. BTC is now consolidating gains and might aim for a fresh rally in the short term. Bitcoin started a major increase above the $123,500 zone. The price is trading above $122,000 and the 100 hourly Simple moving average. There is a short-term bullish trend line
Prominent Bitcoin developer Peter Todd has warned that the National Security Agency (NSA) is attempting to weaken cryptography standards once again. This time, it is attempting to achieve this under the guise of “quantum-safe algorithms.” Good read. tl;dr: the NSA is clearly looking to backdoor crypto again with the rollout of “quantum secure” algorithms. The
Global financial giant Standard Chartered has predicted that Bitcoin could reach $200,000 by the end of 2025. Standard Chartered: Bitcoin Could Hit $200,000 by Year-End The bank cited the government shutdown in the US and increased institutional investor interest as the main factors supporting this rise. A report prepared by Geoff Kendrick, Global Head of
Bitcoin BTC$123,775.00 hit a record high against the Japanese yen (JPY) on Monday, leaving behind the bitcoin-dollar pair as Japan’s newly elected Prime Minister Takaichi Sanae voiced support for a return to the pro-stimulus “Abenomics” strategy Abenomics was an economic strategy introduced by former Prime Minister Shinzo Abe in late 2012 and early 2013 to
September was characterized by the continued growth of digital asset treasuries (DATs), which swelled to hold around $135 billion in assets, reported VanEck on Friday. Remarkably, Strategy alone accounts for more than half of this total. Last week, its Bitcoin treasury value reached an all-time high, even though BTC has yet to make a new
Bitcoin could be poised for further gains in the weeks ahead after clocking a new record high on Sunday, according to analysts. “Now that we’ve made new ATHs in an impulsive manner, the next leg to $150k+ has begun,” opined crypto analyst ‘CrediBULL Crypto’ on Sunday following Bitcoin’s (BTC) surge to a record high of