Tag: Bitcoin
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Unknown Bitcoin Whale Awakens After Over 9 Years of Silence, Realizing Over $9.6 Million in BTC Holdings
The address, which has not been used for eleven years, reportedly moved 412 BTC, or almost $9.6 million, to another address. Perkshield reported that the “dormant $BTC address 1MMXRA (which has been idle for 11 years) has moved 412 BTC ($9.6M) out (Credit to BlockBeatsAsia)”. Notably, the 412 BTC was only worth $8 up until […]
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Bitcoin’s Hashrate Spike: Is it a Bearish or Bullish Sign for the Crypto Market?
Analysts are concerned about the coming bearish indicators for bitcoin. Despite Bitcoin’s hash rate hitting an all-time high, a prominent player in the cryptocurrency business issues a warning about potential negative signs to look out for. Analyst Gigi Sullivan questions the generally held notion that a rise in Bitcoin’s hash rate is a bullish indication […]
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Lightningcon Vietnam is the first Bitcoin and Lightning conference in Asia, organized by Neutronpay and BitcoinVN.
The first Bitcoin and Lightning Network conference in Asia will take place in Da Nang, Vietnam, which some have dubbed “Bitcoin Beach Vietnam.” The Vietnam-based Bitcoin-only businesses Neutronpay, BitcoinVN, and Nunchuk are eager to explain what is occurring in Asia with regard to Bitcoin initiatives, Bitcoin communities, and Lightning adoption in the area. The conference […]
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IMF Praises El Salvador’s Economic Recovery, Urges Transparency in Bitcoin Adoption
As El Salvador embraces bitcoin, IMF urges caution The introduction of bitcoin in El Salvador has been addressed in a statement by the International Monetary Fund (IMF). The IMF thinks transparency and prudence are still required even though dangers related to the country’s adoption of cryptocurrencies have not materialized. Cryptomarkets Risks The El Salvadorian government […]
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Before a Very Fast Reversal Occurs, Bitcoin Will Explode by Over 70%, Predicts Crypto Analyst – Here is a timeline.
Popular cryptocurrency trader and analyst Michal van de Poppe is often revising his predictions for the future of the leading cryptocurrency Bitcoin (BTC). The majority of investors and traders with open positions in Bitcoin are likely to close their positions at the $37,000 to $40,000 price level, probably in the second quarter (Q2) of 2023, […]
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Bitcoin Market Sees Negative Realized Profit/Loss Ratio Amid Regulatory and Interest Rate Concerns
The Battles on the Bitcoin Market The market changed as Bitcoin’s price dropped to a three-week low of under $22,000, as the ratio of realized profits to losses in the cryptocurrency decreased to 0.9189. A number of variables, including the US government’s regulatory crackdown on crypto staking service providers and worries about the Federal Reserve’s […]
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Bitcoin’s Short-Term Market Recovery: New Investors Fueling the Price Pump
The Bitcoin market is seeing a new short-term recovery. A new set of investors looking to profit from the current price pump is said to be driving the current short-term market rebound in Bitcoin, according to Glassnode’s most recent on-chain metrics research. According to the analysts, this might start a new market cycle and cause […]
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After Gensler’s remarks, one analyst predicts there will be no approval for a spot Bitcoin (BTC) ETF.
Gensler stressed the significance of complete, equitable, and accurate disclosure for investment contracts and investment schemes made available to the American people in the interview. In a similar event, Nate Geraci, president of the ETF Store, stated that it is doubtful that the SEC would soon approve a spot Bitcoin exchange-traded fund (ETF). The SEC […]
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On Bitcoin, CryptoPunks? How Bitcoin NFTs Differ from All Others
10,000 “Bitcoin CryptoPunks” were recently created this week and are readily available. Yes, these NFTs are already selling for tens or even hundreds of thousands of dollars. These NFTs, however, are not your typical “run of the mill” NFTs, and the absence of Bitcoin’s smart contracts will probably serve as a strong reminder of just […]
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Bitcoin’s Bullish Momentum at Risk: Daily Close Below $22,692 Could End the Rally
Threatened by Bitcoin’s Bullish Momentum With a 40% gain since the beginning of 2023, Bitcoin (BTC), the most popular cryptocurrency worldwide, has seen tremendous progress. BTC is presently trading at $21,818 and has a market valuation of $420 billion, but recent regulatory action by the SEC on the cryptocurrency exchange Kraken has led to intense […]