Bitcoin’s push to $80,000 has shifted from an explosive upward momentum to a cautious contraction phase. After reaching $79,473, the price fell to $75,568 as the upper wick confirmed strong selling near the psychological barrier. However, Bitcoin did not fall back down to its previous low of $71,000. Instead, Bitcoin [$BTC] is currently trading around
Bitcoin Core contributors are weighing whether a thinly used network transport offers valuable insurance or has become a liability too costly to retain. In the open CJDNS support discussion, Bitcoin Core member Andrew Chow said one seeder database held 25 CJDNS addresses, had reached 22 and classified only seven as good. The issue author, Martin
As the rise in Bitcoin price continues, lingering leveraged positions in the market have brought potential liquidation zones back into focus. According to Alphractal CEO and market analyst Joao Wedson, an examination of open positions over the past 30 days highlights levels particularly high at $61,000 and $57,000. Wedson noted that numerous positions were opened
The launch comes from Layertwo Labs, founded and led by longtime Bitcoin developer Paul Sztorc, also known as Truthcoin. The play is not to rewrite Bitcoin itself. Instead, ECX will become a separate network that copies Bitcoin’s transaction ledger at designated snapshots and hands most bitcoin holders an equal number of coins on the new
Record Short Liquidations Reshape Bitcoin Outlook Bitcoin’s sharp recovery has raised the possibility that Geoffrey Kendrick’s $100,000 year-end forecast may prove too conservative, the Standard Chartered analyst wrote in research provided directly on Aug. 21. Kendrick is global head of digital assets research at Standard Chartered Bank. He said rising prices had forced traders to
Bets against the two largest cryptocurrencies turned into a costly exit this week. Bitcoin and Ether bears were caught in a squeeze-led rally that brought the strongest crypto market move in months, according to the original report. The rally did not come from one isolated catalyst. Treasury intervention, regulatory developments, and a historic short squeeze
Grayscale Sees Potential Bitcoin Turning Point Bitcoin’s rapid recovery may signal that its latest bear market has reached a turning point, crypto asset manager Grayscale shared in an Aug. 22 post on X. The post included a chart comparing bitcoin’s current decline with four previous market cycles. The assessment followed a roughly $10,000 weekly bitcoin
“This wasn’t an organic rally. It was a classic short squeeze,” the trader MARMOT posted to 114,000 views on Friday, as bitcoin closed a run that carried it from $62,900 on August 16 to $79,500 five days later, a 26% move that left the price near $77,000 on Saturday. “$3.1 BILLION in shorts wiped out,”
Hazync’s developer reports that a 1.7 MB standalone verifier checked a 226,434-byte cryptographic receipt covering the first 1,789 blocks of Bitcoin in 27 milliseconds. The Aug. 15 disclosure limits that result to an early stretch of Bitcoin’s history. A complete genesis-to-tip proof campaign remains unfinished. Hazync is a research prototype that uses RISC Zero’s zero-knowledge