Bulls are not going to give up easily, and most of the cryptocurrencies are again in the green zone, according to CoinStats. $BTC/USD The price of Bitcoin ($BTC) has increased by 3.12% over the past day. On the hourly chart, the rate of $BTC might have found a local resistance at $71,467. However, one should
In its assessment of the potential impact of quantum computers on Bitcoin, cryptocurrency asset management company CoinShares stated that the threat is not a “near crisis” but a “manageable risk.” According to the company, while it is theoretically possible for the Shor algorithm to target Bitcoin’s ECDSA and Schnorr signature schemes, the technological capacity required
Bitcoin’s latest liquidation data by CoinGlass reveals an aggressive short wipeout that may hint at a major turning point. In just four hours, $59.11 million in short positions were liquidated compared to only $828,780 in longs, creating a 7,132% imbalance. Considering that, over 24 hours, shorts accounted for $102.44 million out of $120.19 million total
With crypto’s multi-month downturn accelerating into a freefall last week, bulls were frantically grasping for technical signals, or maybe yarns about the blowup of some leveraged hedge fund, that might signal a final bottom for this bear market. Perhaps the ultimate sign of a bottom, though, might be the cheers arising from those who have
The progress of quantum computing has raised new questions about the long-term security of Bitcoin, but digital asset manager CoinShares says the threat remains distant and manageable. According to the firm, while quantum computers could one day challenge certain cryptographic systems used by Bitcoin, the technology required to do so is still many years away.
Kyle Samani, the Chairman of Forward Industries, a Nasdaq-listed company that currently operates as a treasury company focused on holding Solana, just threw shade at Hyperliquid and its founder, Jeff Yan. As far as Samani is concerned, Hyperliquid represents “everything wrong with crypto.” It was shocking commentary, but Samani was kind enough to explain what
Strategy founder Michael Saylor has once again shared Bitcoin Tracker data with the public, creating renewed buying anticipation in the market. Saylor’s statement, “The orange dot is important,” could signal a new Bitcoin purchase, as has happened in the past. In previous instances, the company typically announced the amount of $BTC added to its balance
Commenting on the sharp drop in the cryptocurrency market on February 5th, Bitwise CIO Jeff Park said that the sell-off may have stemmed from technical and derivatives market dynamics rather than a fundamental development. According to Park, at the heart of the matter is the aggressive risk mitigation process, particularly in Bitcoin ETFs and multi-asset