Bitcoin – Page 151

Bitcoin Bounces Back Above Key Averages, Glassnode Sees New Investor Resilience

September 25, 2024 by DIGIT

Bitcoin has recaptured its Short-Term Holder (STH) cost basis of $61,900 following the Federal Reserve’s recent 0.5% interest rate cut, according to Glassnode’s recent analysis. Despite the market’s ongoing consolidation, the report suggests new investors have demonstrated notable confidence in the long-term market outlook. Report Shows Despite Consolidation, New Bitcoin Investors Display Strong Market Confidence … Read more

Citrea Launches Testnet to Enable Bitcoin-Based Decentralized Applications

September 25, 2024 by DIGIT

Citrea has launched its public testnet, creating a solution to allow Ethereum Virtual Machine (EVM) developers to access Bitcoin’s blockspace. The team believes this is testnet marks a significant step toward using Bitcoin as a settlement layer for decentralized applications (apps). Citrea Launches Testnet to Bring Decentralized Finance to Bitcoin Citrea‘s testnet is live on … Read more

Bitcoin price coils as market confirms $65K as ‘real resistance’

September 25, 2024 by DIGIT

BTC price “chop” is still the name of the game with Bitcoin bulls yet to mount a charge at a $65,000 sell wall. Go to Source

Fed’s ‘juice’ into crypto has analyst eyeing ‘trimming’ opportunities

September 25, 2024 by DIGIT

The US Fed’s decision to cut interest rates was just “catching up to market expectations,” as an analyst argues a lot of the added “juice” was already priced in the riskier assets. Go to Source

Biggest fears about Bitcoin’s future: Industry weighs in

September 25, 2024 by DIGIT

Reddit’s Bitcoin community remains optimistic about BTC, but members are still eager to discuss the most valid concerns regarding Bitcoin’s future. Go to Source

‘Sustained’ Bitcoin ETF inflows may ‘buoy’ price despite slowing spot buying

September 25, 2024 by DIGIT

A more “sustained” run of spot Bitcoin ETF inflows may counteract the Bitcoin “spot market buying slowing,” says Bitfinex analysts. Go to Source

Bitcoin sell-side risk hits 2024 low just $10K from BTC price record

September 25, 2024 by DIGIT

Bitcoin sellers are not rushing to distribute coins at current BTC price levels — even as hodler cohorts return to net profit. Go to Source

FBI Warns of Growing ‘Pig Butchering’ Crypto Schemes in Maryland

September 25, 2024 by DIGIT

The Federal Bureau of Investigation (FBI) Baltimore office has issued a warning about the increasing prevalence of cryptocurrency investment fraud in Maryland. Known as “pig butchering,” scammers trick victims into fake crypto investments, leading to massive financial losses. FBI Warns of Surge in Cryptocurrency Investment Scams in Maryland The Federal Bureau of Investigation (FBI) Baltimore … Read more

Positive Signals For Bitcoin: Long-Term Support Levels Indicate Growth Ahead

September 25, 2024 by DIGIT

Recent data suggests a favorable outlook for Bitcoin as long-term support levels remain strong. The 30-day Exponential Moving Average (EMA) of Binary Coin Days Destroyed (CDD) is fluctuating between 0.1 and 0.3, indicating that long-term holders are actively accumulating Bitcoin. Long-Term On-Chain Support Levels Signal a Positive Outlook for #Bitcoin “The 30-day EMA of Binary … Read more

Blackrock’s Head of Crypto Sees Bitcoin as ‘Risk Off’ Asset Despite Stock Correlation

September 25, 2024 by DIGIT

Blackrock’s digital asset chief sees bitcoin as a “risk-off” asset even though it has shown a pattern aligned with U.S. stocks. He drew parallels between bitcoin and gold, pointing to its decentralized structure and limited supply as crucial factors setting it apart. Blackrock’s increasing engagement with bitcoin is also reflected in the strong performance of … Read more