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Bitcoin’s value reached a new peak for 2024 on Monday at 11:13 a.m. Eastern Time (ET), eclipsing the $66,000 threshold. Over the past year, bitcoin’s value has swelled by 196% and has risen by 157% over the last six months when measured against the U.S. dollar. At the time of writing, the leading crypto asset … Read more
Following bitcoin’s climb beyond the $65,000 mark, social media has been buzzing with discussions about the rumored acquisition of bitcoin by a billionaire from Qatar post the Bitcoin Atlantis conference in Madeira. A sighting of a Qatari jet at the airport subsequent to the Bitcoin Atlantis gathering has caught the public’s attention, with the shared … Read more
In a powerful demonstration of resilience, bitcoin’s value climbed past the $65,000 mark on March 4, 2024, showcasing a significant upward movement from its 24-hour low of $61,769. This climb is supported by a robust trade volume of $42.41 billion and a market capitalization of $1.276 trillion, indicating increased trader optimism. Bitcoin The hourly chart … Read more
Balaji Srinivasan, venture capitalist and former CTO of Coinbase, has highlighted the real purpose of Bitcoin and its implications for geopolitical and financial issues. Srinivasan stated that Bitcoin at its core is a “political revolution,” because it challenges the centralized states’ business model, and the change brought by it will be fought by states who … Read more
As of Sunday, March 3, 2024, bitcoin’s value persists in the $60,000 per unit vicinity, signaling the fifth instance this year that its price has sustained above this level. Naturally, as bitcoin’s value escalates, its duration above such thresholds shortens when contrasted with past significant milestones such as $30,000, $40,000, and $50,000. Bitcoin’s Price Discovery … Read more
Marathon Digital Holdings, one of the world’s largest public Bitcoin mining companies, has announced its work on Anduro, a multichain, layer two platform on top of Bitcoin. With Anduro, Marathon proposes the creation of several sidechains designed to expand Bitcoin’s standard functionality and attract activity previously directed to other chains. Marathon Announces Anduro to Expand … Read more
This week, bitcoin’s value ascended to the vicinity of $64,000, leading to a widespread belief among observers that the bullish trend has officially commenced. Speculation centers on the exact moment this upward trajectory began, given that bitcoin has appreciated by 46% since the start of the year and 139% over the previous six months in … Read more
After a short period of diminished onchain network fees, the expense of sending bitcoin has begun climbing once more, hitting a midweek average of 73.3 satoshis per virtual byte (sats/vB) or $11.48 for each transaction. Currently, a backlog of 207 mempool blocks is pending, waiting to process about 134,000 unconfirmed transactions, a situation that has … Read more
Over the past hour, as bitcoin’s value swings from $62,150 to $62,545 on March 1, 2024, the cryptocurrency market is experiencing a pronounced upward trend. With a trading volume of $55.41 billion over 24 hours and a market cap touching $1.21 trillion, bitcoin’s dominance in the market is clear. Technical indicators, including oscillators and moving … Read more
Leonidas, the pseudonymous founder of Ord.io, an ordinals explorer, has reported one of the biggest sales of inscriptions, the so-called Bitcoin native non-fungible tokens (NFTs), to date. Leonidas stated that the second inscription on the Bitcoin blockchain had been sold for 24.48 BTC (over $1.1 million), predicting that more sales will beat this record in … Read more
