Story Highlights Crypto whale Wei Zhao predicts Bitcoin could surge to $500K as AI adoption accelerates globally. Coinbase AI wallets and Circle nano-payments could enable machine-to-machine crypto transactions using Bitcoin and stablecoins. Bitcoin currently trades near $71K, but Zhao says historical cycle signals suggest another massive rally. Flagship cryptocurrency Bitcoin, which has been struggling since
As became known thanks to data from Santiment, the number of Bitcoin in nonempty wallets has reached a new all-time high above 58.45 million. The flagship cryptocurrency has seen network activity grow with this all-time high. In addition, the number of Bitcoin on known exchange wallets has fallen to the lowest level since December 2017.
Story Highlights Bitcoin is down 3% today and clinging to a critical support level that could decide its next major move. A $471M liquidation event just reset the market but analysts can’t agree on what comes next. One analyst says $80K is still on the table for March. Another warns $67,500 is the real risk.
In the first week of March, escalating military conflict has turned the US dollar into one of the few assets gaining value amid market volatility. Meanwhile, stocks in many countries and precious metals face downward pressure. Analysts warn that if this situation continues, it could hinder capital flows into risk assets such as Bitcoin and
Story Highlights Public Bitcoin miners sold over 15,000 $BTC after Bitcoin reached its record $126,000 price peak. Mining firm Cango sold 4,451 $BTC to reduce its growing $407 million debt burden. Some miners like Bitdeer and Core Scientific are selling $BTC to invest in AI data centers. Publicly listed Bitcoin mining companies have sold more
The supply of Bitcoin held on centralized crypto exchanges (CEXes) has experienced a massive decline, according to the latest onchain data provided by analytics firm CryptoQuant. Bitcoin exchange reserve across all platforms has nose-dived below 2,708,000 $BTC. This is the lowest level of exchange liquidity the market has seen since November 2018. The leading cryptocurrency
Bitcoin price has staged a sharp 18% recovery from its February lows near $62,530, briefly tagging $74,150 this week. The headlines call it a comeback. On-chain data tells a different story. BeInCrypto’s own on-chain research and Glassnode’s Week On-Chain report, released this week, together point to a market distributing into relief. Not one building toward
Bitcoin staged a brief relief rally above $74,000 on Thursday, but it has already petered out as analysts predict a persistent bear market will keep momentum subdued. “Bitcoin is still in a bear market despite the recent rally,” on-chain analytics company CryptoQuant said on Thursday. The platform’s Bull Score Index, a composite indicator that measures
At the Morgan Stanley Technology, Media, and Telecom conference in San Francisco on Wednesday, Jensen Huang said Nvidia is likely done investing in AI giants OpenAI and Anthropic. The $30 billion investment it just finalized into OpenAI was a steep drop from the $100 billion deal announced last September, and will likely be the last