Burger restaurant franchise Steak ‘n Shake has said that accepting bitcoin payments has helped the company grow. Writing on its X account Tuesday, the Indianapolis, Indiana-based company said since accepting the largest cryptocurrency, it has achieved double-digit same-store sales growth. It added: “And this quarter has been extraordinary, with franchise-partners same-store sales gaining 19%.” Ever
Benjamin Cowen, a well-known analyst in the cryptocurrency market, analyzed the “Golden Cross” pattern on the Bitcoin chart, where the 50-day moving average crosses the 200-day moving average upwards. Cowen noted that investors often experience a price drop shortly after these crossovers, which are technically considered a bullish signal, contrary to expectations. Analyst: “Bitcoin Generally
Bitcoin recorded a correction after hitting highs above $93,000, retreating toward its prior consolidation zone. Bitcoin’s market share dropped two percentage points over the past week, settling near 58%. Daily trading volume across major altcoins saw a 35% surge over the last 72 hours. Bitfinex’s weekly report points out that Bitcoin could consolidate its price
A significant transfer of 654 $BTC, valued at approximately $51.89 million, has been reported moving from Coinbase Institutional to an unknown wallet, as noted by Whale Alert. This transfer, which occurred earlier today, is being closely watched by market participants, indicating potential shifts in Bitcoin dynamics. As the crypto market continues to show mixed signals,
Bitcoin is holding above $78,000 as Brent crude breached $100 and rising Treasury yields revived inflation fears. Data from CryptoSlate showed the flagship cryptocurrency trading around $78,451 at press time, with little sign of the pressure spreading across bond and energy markets after an escalation in the Middle East pushed Brent above the threshold for
Fintech veteran Wojciech Kaszycki has identified three tests for real bank adoption of Bitcoin: client custody balances, credit-funded spot trades and its use as loan collateral, following Standard Chartered’s launch of deliverable $BTC and $ETH trading for eligible UAE institutions. Standard Chartered has put Bitcoin trading on existing bank rails Standard Chartered said on Sept.
Bitcoin ($BTC) struggled below $80,000 on Wednesday as attention refocused on the Japanese yen. Key points: Bitcoin saw further macro headwinds as US-Iran strikes pushed Brent crude oil above $100 per barrel. The Japanese yen continued to trade around 153 per dollar, its highest levels since February as yen shorts stayed near record highs. US
Jiang Zhuoer, one of China’s most well-known cryptocurrency miners and the founder of BTC.TOP, has offered his current assessment of Bitcoin. Bitcoin Analysis from Jiang Zhuoer! Jiang Zhuoer, in a post from account X, stated that Bitcoin’s current uptrend has not yet ended, but a significant correction in the market may be on the horizon.
A rare on-chain signal has appeared in the cryptocurrency market that, at first glance, looks like a deep crisis but has historically foreshadowed the end of a prolonged decline and a global trend reversal. According to ‘Crypto Dan’ from analytics platform CryptoQuant, even the most resilient large investors have begun selling Bitcoin at a loss
Bitcoin and Ethereum developers are accelerating work to protect their networks from a future quantum computer capable of breaking the cryptography that guards crypto wallets, just as Washington starts putting serious money behind the machines that could one day do it. The U.S. Commerce Department on Tuesday finalized a CHIPS Act award worth up to