Joe Carlasare, commercial litigator, Bitcoin advocate and author of Unconfiscatable, said Bitcoin’s recent dip below $60,000 lasted only about 72 hours, a brief window he sees as strong evidence that sellers have largely disappeared from the market at lower price levels. Why the Brief Dip Below $60K Matters Carlasare said the speed of that rebound
Most people assume that a Bitcoin halving is a single dramatic event, a switch that flips and sends the price upward. The reality is more mechanical and less certain. A halving is a pre-programmed reduction in the number of new bitcoins created with each block. It is written into the protocol and has been since
Bitcoin fell below $77,000 as softer US labor data failed to dislodge expectations for another Federal Reserve rate increase. Data from CryptoSlate shows the largest cryptocurrency traded around $76,985 as of press time after July job openings held at 7.3 million and hiring remained subdued. The release landed into a market already confronting $90 oil,
Crypto traders are invoking “Bart Simpson,” the spiky-haired cartoon boy from “The Simpsons,” after a long time. The reason? Bitcoin $BTC$76,907.09, $XRP ($XRP), ether ETH$2,386.19 and many others are losing ground, reversing recent steep gains in a manner that closely resembles Bart’s spiked hairline, which shoots straight up before curving sharply back down. It’s been
London-listed Smarter Web Company (SWC) has increased its Bitcoin holdings by 35 $BTC, according to a recent corporate update. The purchase brings the firm’s total treasury to 2,747 $BTC, solidifying its position as one of the most prominent corporate Bitcoin holders among publicly listed companies. Corporate Bitcoin Accumulation Continues SWC’s latest acquisition follows a broader
Bitcoin entered September in a consolidation phase after gaining approximately 23% over the last two weeks. The cryptocurrency briefly traded above $81,000 before retreating below $77,000, but analysts say its broader market structure remains relatively healthy. Bitcoin is trading at $76,990 at the time of writing, down 1.4% over the previous 24 hours. Bitcoin spot
Bitcoin’s network hash rate has entered a prolonged decline, marking what one industry executive calls the first “hash-rate bear market” in the cryptocurrency’s history. Raphael Zagury, CEO of U.S.-listed Bitcoin accumulation firm Twenty One Capital (XXI), said the network’s computational power peaked at nearly 1.3 ZH/s late last year and has since fallen steadily, according
An anonymous Bitcoin whale address, beginning with 1279iP, appears to have sold 95 $BTC — worth approximately $7.32 million — through an over-the-counter (OTC) trade roughly two hours ago, according to blockchain tracking platform Onchain Lens. The transaction comes as Bitcoin trades at $77,564.92, down 1.6% over the last 24 hours, per CoinMarketCap data. What
Over the past ten days, there has been over $1.2 billion in net selling, popular crypto analyst Maartuun observed. Binance’s Net Taker Volume showed Bitcoin holding near $78k despite sustained selling pressure. Source: CryptoQuant As long as the $76k level holds, it would indicate supply absorption, the analyst concluded. Bitcoin bulls’ resolve will likely be
Remixpoint, a publicly traded cryptocurrency in Japan, announced it has sold all of its altcoin holdings to diversify its investment portfolio. The company stated that it will focus its future investments and operations solely on Bitcoin ($BTC). According to an announcement made by Remixpoint on September 2nd, the company decided to reduce the assets in