Adam Back, the well-known cypherpunk and CEO of Blockstream, continues to deliver fierce criticism of BIP-110, calling it a potential threat to network stability and trust in Bitcoin as a store of value. For those not familiar, BIP-110 is a Bitcoin Improvement Proposal aimed at clearing the blockchain of junk data, images and videos created
Bitcoin ($BTC) surged above $76,000 despite ongoing tensions in the Middle East. However, after this recovery, the $BTC price fell back to around $73,000, prompting a bull trap warning from an analyst. On-chain analyst Willy Woo has once again warned of a bull trap for Bitcoin. Woo stated that the recent rallies have come from
In a significant development for national cryptocurrency holdings, the Royal Government of Bhutan executed a major Bitcoin transfer this week. According to blockchain analytics firm Lookonchain, authorities moved 377 $BTC, valued at approximately $27.87 million, to an external address within a three-hour window. This transaction represents one of the most substantial sovereign Bitcoin movements of
Bitcoin broke past the $76,000 resistance level, reaching a peak of $76,013 before profit-taking caused a sharp pullback to around $74,000. Resistance and Profit-Taking at the Peak Bitcoin shattered the $76,000 resistance level early Tuesday, extending a rally that has seen it consistently decouple from traditional equities amid escalating Middle East tensions. Bitstamp exchange data
Bitcoin price started a strong increase above the $75,000 zone. $BTC is now consolidating and might aim for more gains if it clears $76,000. Bitcoin started a decent upward move above the $74,000 zone. The price is trading above $74,200 and the 100 hourly simple moving average. There is a bullish trend line forming with
Over the last hour, bitcoin traded at $73,859 to $74,375 on Tuesday, with a market cap of $1.47 trillion and 24-hour volume of $55.84 trillion, while price action remained confined within a $73,143 to $75,937 range. Across the 1-hour, 4-hour, and daily charts, the price structure reflected consolidation beneath resistance, with mixed oscillator signals and
SEOUL, South Korea – February 2025. In a significant financial maneuver, South Korean Digital Asset Trust firm Bitmax transferred its entire Bitcoin holdings, approximately 550 $BTC, to major cryptocurrency exchanges just weeks before announcing a substantial 4-for-1 capital reduction. This transaction, first reported exclusively by Maeil Business Newspaper, has ignited intense scrutiny within Asia’s cryptocurrency
Market data shows that since early March, Bitcoin has outperformed both gold and US stocks. This trend has emerged even as tensions in the Middle East escalate. The combination of geopolitical conditions and Bitcoin’s price behavior leads analysts to argue that Bitcoin is fulfilling its core role. At the same time, internal market signals suggest
Michael Saylor declared that Strategy generated ₿16,622 of $BTC Gain last week, worth roughly $1.2 billion, calling it the closest analog to net income on the Bitcoin Standard. The claim followed a 22,337 Bitcoin ($BTC) purchase between March 9 and March 15, funded primarily through sales of Strategy’s perpetual preferred shares. What $BTC Gain Measures
Bitcoin hit $75,912 in early Asian trading, the highest price since February 4, then gave it all back within hours. The spike was real. The buying behind it was not. That gap between price action and conviction is exactly what makes today’s session important to understand before reading anything bullish into yesterday’s move. Daily Chart: