Weekend Wrap: Tron USDT beats Visa, $6B German bank gets Bitcoiner CEO and more
The daily trading volume of USDT on Tron briefly surpassed Visa, and a Bitcoin-friendly exec has been promoted to CEO of a multi-billion-dollar German Bank. Go to Source
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Bitcoin’s Power Law Model Gains Traction Despite Market Fluctuations
In 2020 and early 2021, the stock-to-flow (S2F) bitcoin price model captured widespread attention. Although bitcoin currently stands over 13% below its peak value reached in March, the Power Law Corridor model has become increasingly influential. Many hold the view that the Power Law model’s support line has remained steadfast for over ten years and … Read more
Gemini Founders Donate $2 Million in Bitcoin to Donald Trump to End Biden’s ‘War on Crypto’
Crypto exchange Gemini’s co-founders, Cameron and Tyler Winklevoss, have donated $1 million each in bitcoin to Donald Trump’s presidential campaign. Tyler criticized the Biden administration for allegedly weaponizing government agencies, as well as the U.S. Securities and Exchange Commission (SEC), against the crypto industry. Cameron echoed these sentiments, declaring Trump as the pro-bitcoin, pro-crypto, and … Read more
Bitcoin price bouce will occur when ‘weak hands’ capitulate and hashrate recovers
Analysts say Bitcoin price will rally only after BTC miners capitulate and the network’s hashrate recovers. Go to Source
3 reasons why Bitcoin price struggles to reclaim $64K
Bitcoin’s tumultuous week continues as data points to further downside in BTC price. Go to Source
Bitcoin Technical Analysis: BTC Faces Continued Downtrend Amidst High Selling Pressure
Bitcoin’s price continues its downward trajectory, coasting along at $63,950 per unit on June 21, 2024. Despite showing potential entry points, the market is experiencing significant selling pressure across all time frames. Technical indicators suggest a cautious approach for traders as bearish trends dominate the charts. Bitcoin In the short term, the 1-hour chart indicates … Read more
Bitcoin reclaims blockchain dominance post-BTC halving
Bitcoin’s blockchain bandwidth usage surpasses 90% post-halving, driven by new token standards and increased transaction volume. Go to Source
Marathon’s BTC mining is heating an entire town in Finland
Selling excess heat from Bitcoin mining could be another financial lifeline for miners after the 2024 Bitcoin halving. Go to Source
Circle CEO Shares ‘Super Bullish’ Stance and Unprecedented Optimism on Crypto
Circle CEO Jeremy Allaire has expressed unprecedented optimism about the future of crypto, highlighting its transformative potential. “I have been building Circle for over 11 years, and at no time have I been more optimistic than right now,” he emphasized. The executive envisions a future where digital tokens, smart contracts, and decentralized governance revolutionize finance … Read more
Volatile Bitcoin Movement Causes $118M in Crypto Liquidations
On Thursday, bitcoin (BTC) peaked at $66,455 per coin around 7 a.m. EDT but dropped to approximately $64,516 by noon. The volatile movements resulted in $118.82 million in liquidations across the crypto economy, with long positions accounting for $61 million of that total. Bitcoin’s Rapid Rise and Fall Triggers Major Liquidations in Crypto Economy Bitcoin … Read more
