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Jameson Lopp, a prominent figure in the Bitcoin community, deliberately “griefed” one of Bitcoin’s testnets by generating three years’ worth of blocks in a single week to highlight a vulnerability, sparking outrage among fellow Bitcoin developers. Using just 20 lines of code and about $1 worth of electricity, Lopp’s action, intended to draw attention to … Read more
The new trading week commenced with Bitcoin, the leading cryptocurrency, experiencing a 3% decline in its value. This downturn comes amid a broader trend of market correction events impacting the cryptocurrency landscape. Glassnode data has provided insights into the realized losses among Bitcoin short-term holder constituent cohorts, spanning various timeframes from 1 day to 6 … Read more
With the debut of spot bitcoin and ethereum exchange-traded funds (ETFs) in Hong Kong trading on Tuesday, market observers are speculating about the potential demand for these ETFs in the region, reminiscent of the enthusiasm seen in the U.S. following the approval of 11 spot bitcoin ETFs on Jan. 10. Zhu Haokang, head of digital … Read more
Microstrategy, the Nasdaq-listed software intelligence firm and “the world’s first bitcoin development company,” has disclosed that it now holds 214,400 bitcoins after the latest purchase. “We acquired 25,250 additional bitcoins since the end of the fourth quarter, our 14th consecutive quarter of adding more bitcoin to our balance sheet,” said the company’s chief financial officer. … Read more
On April 28, 2024, the price of bitcoin was coasting along at $62,900 per unit as of 7:28 p.m. Eastern Time (ET). Since then, the price fell below the $62K mark by Monday morning ET, only to climb back above $62,000 by mid-afternoon. It has been nine days since the last halving event and 109 … Read more
Bitcoin and altcoins are falling toward strong support levels, which appear likely to hold in the short term. Go to Source
Grayscale’s Bitcoin Trust (GBTC) has witnessed a significant reduction in assets under management, with the trust’s holdings now falling below the 300,000 BTC mark, a key milestone. Additionally, the latest report on digital asset fund flows from Coinshares shows that bitcoin and ether exchange-traded products (ETPs) have seen withdrawals for three consecutive weeks. Heavy Withdrawals … Read more
Bitcoin is on course for 12% losses in April, and with the monthly close just days away, it could end up sparking the weakest BTC price action in more than a year. Go to Source
Veteran trader Peter Brandt sparked debate after suggesting BTC may have already hit its peak this cycle, but even he didn’t put much stock in the theory. Go to Source
According to veteran pro trader Peter Brandt, bitcoin may have peaked when it achieved a new all-time high of $73,835. However, there is a possibility that it could now decline to the mid-$30s or even lower, Brandt said. Interestingly, Brandt suggests that such a decline could be the “most bullish thing” from a long-term perspective. … Read more