While Bitcoin’s recent recovery in the cryptocurrency market has rekindled bullish expectations, Alphractal founder Joao Wedson stated that on-chain data presents a more cautious picture. According to Wedson, the ultimate price bottom of the cycle for Bitcoin may not yet have been reached, and if certain historical indicators are repeating themselves, the BTC price could
Bitcoin wallets untouched since the cryptocurrency traded for a few dollars keep waking up. Six wallets last active between 2011 and 2014 moved a combined 553.59 $BTC worth about $40 million between Aug. 16 and Aug. 26, according to data tracked by Galaxy Research. One had not moved a coin in more than 15 years.
For years, Bitcoin [$BTC] has been nicknamed “digital gold.” However, the first crypto’s role as a store of value has been evolving over the years. Will $BTC compete with gold in time? $BTC and gold, holding stronger than ever? Asset traders are used to Bitcoin behaving a certain way. That may be changing now. In
A Signature Before Bitcoin Had a Price Before bitcoin had a massive price tag attached to it, it had its first true recipient. On January 12, 2009, Finney became the first person to receive a bitcoin transaction, when Satoshi Nakamoto sent him 10 $BTC in what is now recognized as the moment digital cash left
Bitcoin slid Friday afternoon, cooling down after a phenomenal run following huge investment from U.S. ETF buyers. The leading cryptocurrency was trading for $77,379 on Friday afternoon in New York after dropping more than 3% over a 24-hour period. Bitcoin hit a high this week of $81,281 but slowed down after Federal Reserve Chair Kevin
Bitcoin’s time has come in Asia — especially with a changing regulatory landscape — and its people and companies should take advantage. That was the message Metaplanet CEO Simon Gerovich gave at this year’s Bitcoin Asia conference, where on Friday he spoke of how his company went from failing to the third biggest bitcoin treasury
Bitfinex Highlights Bitcoin Price Correlation with Gold As Debasement Trade Narrative Evolves Analysts warn that bitcoin is starting to behave as digital gold as investors try to find a hedge against debt and monetary manipulations. Bitfinex has stressed that this correlation between gold and bitcoin has reached levels that normally don’t hold for long, signaling
Strive’s SATA preferred stock has generated an estimated amount of funding sufficient to purchase 1,192 Bitcoin this week, according to live market monitoring. SATA has reopened Strive’s Bitcoin funding channel BitcoinTreasuries.NET estimated on Aug. 28 that trading in Strive’s Variable Rate Series A Perpetual Preferred Stock, known by its ticker SATA, had generated enough funds
In brief Bitcoin dropped as low as $76,877 on Friday after Fed Chair Kevin Warsh’s hawkish Jackson Hole keynote, confirming the resistance zone flagged earlier this week. September rate-hike odds jumped to roughly 56% from about 35% a day earlier after Warsh said the Fed still has “work to do” on inflation. Myriad traders are