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Over the past day, bitcoin has been hovering just under the $64,000 mark, while two wallets, which had been inactive for more than 13 years, suddenly moved 75 bitcoin worth $4.7 million. These transactions are particularly notable as they mark the only activity from 2011 this month, making them a rare occurrence amid the increasingly … Read more
In just seven months—roughly 236 days—since the year began, the crypto economy has ballooned by a staggering $623 billion. The top crypto asset, bitcoin, has seen its market value soar by more than $20,000, while ethereum, the second-largest by market cap, has climbed over $470 during this period. Top 10 Crypto Market Climbs From $1.37T … Read more
As the U.S. election season heats up, Bitcoin finds itself once again in the political crossfire. From Washington, D.C., to international capitals, this digital currency has become a talking point, with politicians on both sides of the aisle either championing it as a revolutionary financial tool or condemning it as a threat to economic stability. … Read more
Robert Kiyosaki, the author of Rich Dad Poor Dad, has warned that the U.S. is adding a trillion dollars to its debt every 100 days. He advises investing in gold, silver, and bitcoin to safeguard against economic instability. Kiyosaki also points out the dangers of relying on traditional banks, noting that banking panics are often … Read more
In recent months, Long-Term Holders (LTH) have been consistently locking in around $138 million in daily profits despite turbulent market conditions. This steady flow of profits underscores the ongoing supply and demand dynamics, where each transaction involves a buyer and a seller, with price adjustments balancing these forces. This $138 million daily sell-side pressure from … Read more
Bitcoin reached an impressive peak of $64,853 per unit on Friday, spurred by U.S. Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, where he hinted at the possibility of rate cuts in September. The cryptocurrency showed a 5.3% increase in the past day, contributing to a 5.01% rise in the overall crypto market, which … Read more
Bitcoin’s market dominance has reached 56% as long-term holders continue to accumulate despite turbulent market conditions, according to a comprehensive report by Glassnode. The latest onchain report highlights a divergence in investor behavior, with short-term holders bearing the brunt of recent losses. Long-Term Bitcoin Holders Show Resilience, Averaging $138M in Daily Profits, Says Glassnode Glassnode‘s … Read more
Bitcoin’s rise above $63,000 has attracted buying in several altcoins, signaling that the sentiment is turning bullish. Go to Source
Quantum rigs might pose a bigger threat to blockchains than quantum decryption. Go to Source
On Thursday, Bitcoin network fees took a significant leap, crossing the $100 mark shortly after 8:45 a.m. EDT. However, this spike was short-lived as fees quickly dropped, settling at just $0.34 per transaction by 7 p.m. EDT. Data collected from the day’s blocks revealed that a few fortunate bitcoin miners managed to snag some blocks … Read more
