Bitcoin price continues to move sideways today, July 31, as the recent momentum fades. BTC was trading at $118,000, capping a solid month in which it surged to a record high of $123,200. Bollinger Bands and a forming bullish pennant pattern point to an eventual rebound ahead of the August 1 tariff deadline.
The International Monetary Fund (IMF) has noted that Bitcoin, the leading cryptocurrency by market capitalization, remains mostly “off the books” despite using as much electricity as Argentina. The IMF has recalled that 2008 was the last time when countries actually standardized how to measure their economies, but this was before the advent of various disruptive
The price of Bitcoin has rebounded sharply following yesterday’s dip to $115,807.32, climbing back above $118,571.79 according to live pricing data from Bitcoin Magazine Pro. The drop came shortly after the White House released its highly anticipated 166-page report on digital assets—but failed to address one of the most eagerly awaited updates: how much Bitcoin
The head of digital assets research at investment firm VanEck, Matthew Sigel, believes a bearish reversal for Bitcoin (BTC) would put the brakes on the rise of digital asset treasury (DAT) companies. In an appearance on The Wolf of All Streets YouTube channel, Sigel says that DAT companies holding various altcoins are going to keep
Bitcoin whales holding between 10 and 10,000 BTC accumulated 0.9% of the total supply over the past four months, according the crypto market analytics platform Santiment. That bumps up to a full 1% when you consider that there’s 19,899,417 BTC currently circulating, leaving a portion of the original 21 million total Bitcoin supply that hasn’t
In a recent tweet, blockchain analytics platform Whale Alert highlighted that Satoshi Nakamoto remained active until Bitcoin block 54,316, providing one of the most detailed timelines yet of the Bitcoin creator’s activity. Based on its analysis, Whale Alert estimated the number of blocks mined and Bitcoins owned by Satoshi to be 1,125,150 BTC, mined up
Right now, Bitcoin may be threatened by the growing U.S. economy, rather than by other cryptocurrencies. The U.S. Dollar Index (DXY), which compares the U.S. dollar to a basket of major world currencies, has experienced a surge in recent days. It is currently flirting with a break above the 100 mark and heading toward 101.6.
Naoris, a cybersecurity firm focused on safeguarding digital assets from quantum computing threats, is offering bounties to anyone who can break the encryption algorithms that secure major blockchain networks. In an announcement shared with Cointelegraph on Thursday, Naoris said it has set a bounty of $120,000 — equivalent to approximately one Bitcoin (BTC) — for