This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. We’ve probably all heard this phrase: “Once is an accident, twice is a coincidence, three times is a pattern.” The old saying is perfectly applicable to the bitcoin BTC$114,828.82 market, where the crash on Friday marked the third time bulls failed
The crypto wallet used to be no more than a key to store coins. Now, the wallet is evolving into a full-fledged identity container, holding reusable credentials such as KYC checks, diplomas, and licenses that can accompany users across apps and chains. This shift is coming at a timely moment. The European Union’s Digital Identity
The anticipated update to the Bitcoin network, Bitcoin Core v30.0, has been officially released and is available for download to node operators. According to release notes shared by Bitcoin Core, the update brings performance improvements and bug fixes. However, many devs and Bitcoin supporters are opposing an update to OP_RETURN, which lets users attach data
Version 30.0 of Bitcoin Core, Bitcoin’s (BTC) most popular full node software, has been released. The new version features performance improvements, bug fixes, and policy changes. The most prominent innovations include higher limits for signature transactions, support for multiple OP_RETURN outputs, and lower default transaction fee rates. The new version also includes significant changes to
Tether CEO Paolo Ardoino said in a post on X on Sunday that “Bitcoin and Gold will outlast any other currency,” a minimalist line that aligns with how the stablecoin issuer has positioned parts of its reserves over the past two years. On May 17, 2023, Tether said it would regularly allocate up to 15%
MicroStrategy founder Michael Saylor has attracted attention by resharing his “Bitcoin Tracker” data. Saylor wrote in his post, “Don’t stop believing in Bitcoin.” Traditionally, Saylor announces an increase in the company’s Bitcoin holdings immediately following such posts. Saylor hadn’t purchased any Bitcoin last week, but the post sparked speculation among investors that MicroStrategy was preparing
Bitcoin failed to continue its rally and discover new all-time highs above $126,000, leading to a sharp correction that has unsettled the market. Investors are showing signs of fear as the recent drop invalidated the breakout momentum that many expected to extend the bull run, and the market might be on the verge of a
The cryptocurrency world was rocked by a massive market crash on Friday night following Donald Trump’s announcement of 100% tariffs on China in retaliation. Although there has been a partial recovery in Bitcoin and altcoins today, the effects of the decline still continue. However, next week is expected to be active due to developments regarding
Ripple CTO David Schwartz recently participated in an X discussion, which wasn’t based on cryptocurrencies per se, but a topic with a likely inclination: the internet. Schools of thought refer to Web3 as the next iteration of the internet, albeit decentralized, with blockchain being the key technology behind it. The discussion began when Nikita Bier,
The crypto market cratered over the weekend, with Bitcoin setting a number of firsts. The sell-off began Friday as investors reacted to macroeconomic concerns, with Bitcoin sharply plunging from a high of $122,600 to reach $107,000. The drop continued on Saturday with Bitcoin marking three straight days of declines since Oct. 6. Amid the sell-off