In the cryptocurrency markets, attention has turned to a proposed technical update aimed at increasing the Bitcoin network’s resilience against quantum computers. Some analysts in the sector argue that an agreement on this could trigger a sharp revaluation of prices. James Van Straten, a senior analyst at the cryptocurrency exchange Bullish, commented on the Bitcoin
A notable cryptocurrency initiative has emerged within the Brazilian House of Representatives. An alternative text to bill PL4501/2024, presented by the House’s Economic Development Commission, proposes the establishment of a “National Bitcoin Strategic Reserve” (RESBit). According to the proposal, the Brazilian government aims to gradually accumulate at least 1 million BTC over five years. This
Bitcoin hovered around the $66,000 level on Friday, positioning the world’s largest cryptocurrency for a potential fourth consecutive weekly loss as broader financial markets remained under pressure. The total cryptocurrency market capitalization slipped about 1.67% over the past 24 hours to roughly $2.26 trillion. Market data shows Bitcoin maintaining an unusually strong correlation with traditional
As Bitcoin ($BTC) trades roughly 50% below its all‑time high, investors are once again asking the familiar question: how long does recovery usually take? Market analyst Sam Daodu believes history offers valuable clues. No Systemic Bitcoin Collapse This Time? Daodu notes that steep corrections are not unusual for Bitcoin. Since 2011, the cryptocurrency has endured
Bitcoin investors are being forced to rethink why they hold the asset as inflation data cools, according to Bitcoin entrepreneur Anthony Pompliano. “I think the challenge for Bitcoin investors, can you hold an asset when there is not high inflation in your face on a day-to-day basis?” Pompliano said during an interview with Fox Business
On-chain data shows the Bitcoin Net Unrealized Profit/Loss (NUPL) has plunged recently. Here’s what this could mean for the cryptocurrency. Bitcoin NUPL Has Dropped To The 0.18 Level In a new post on X, o-chain analytics firm Glassnode has talked about the latest trend in the Bitcoin NUPL, which is an indicator that compares the
The Bitcoin price stalls its correction trend at $60,000 as sellers take a breather to replenish bearish momentum. $BTC MVRV ratio at 1.1% hints that the asset is approaching undervalued region Crypto fear and greed index at 9% suggest a strong bearish sentiment among market participants. The pioneer cryptocurrency Bitcoin jumped roughly 4% during the
Glassnode’s latest thread has traders squinting at what looks like a calm price picture on the surface, but a tense, wired options market underneath. The on-chain analytics provider noted Bitcoin’s recent consolidation between roughly $65,000 and $73,000 but added that options metrics tell a different story, one of rebuilding open interest, rising implied volatility and
BlockTower founder Ari Paul believes the crypto markets are at a critical crossroads, facing two potential outcomes. Summary The market may have already reached its peak, with slow real-world adoption and mixed results from initiatives like El Salvador’s Bitcoin experiment. Despite the downturn, Bitcoin and crypto remain attractive to speculative investors, with growing development and
Bitcoin is still playing out a series of price actions that look like they may be entering a deeper correction phase. A technical analysis shared on social media platform X by crypto analyst Chiefy suggests that Bitcoin is repeating the macro structures seen after the 2017 and 2021 cycle tops. If the pattern continues to