Mt. Gox moves $9.6B worth of Bitcoin. Are creditors finally being repaid?
The transfer represents the first significant on-chain movement from Mt. Gox-related wallets in the past five years, ahead of the October 2024 repayment deadline. Go to Source
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Bitcoin exchange-traded products now hold over 1 million BTC
The collective total held by all Bitcoin ETFs globally is now more than 1 million coins, currently worth almost $68 billion. Go to Source
Bitcoin Breaks $70K Barrier, Leading to $27.75M in Liquidations
The price of bitcoin has exceeded $70,000, increasing by 2.1% during today’s trading sessions. This latest rise led to the liquidation of $27.75 million in bitcoin short positions. Bitcoin Trades Above $70K, Leading to Multi-Million Dollar Liquidations Bitcoin (BTC) is up 2.1% today and 3% over the past seven days. The price has also risen … Read more
Bitcoin Technical Analysis: BTC’s Uptrend Held Back by Strong Resistance at $70K
As of May 27, 2024, bitcoin is trading at $68,457 with a market capitalization of $1.34 trillion. The leading crypto asset has experienced an intraday price range of $68,308 to $69,340 with a 24-hour trade volume of $10.74 billion. Bitcoin The short-term analysis based on BTC’s 1-hour chart reveals a slight downward trend following a … Read more
Weekend Wrap: 6 years jail for BTC launderer, Ulbricht thanks Trump and more
A London court jailed Jian Wen for six years after being convicted of money laundering in March and Ross Ulbricht thanked Donald Trump for his pledge to free him. Go to Source
Bitcoin Poised For New All-Time High Amid Strong ETF Inflows
Bitcoin has experienced a sharp increase, surpassing $70,000 this week, and market sentiment is buzzing with speculation about its potential to set a new all-time high. Despite this optimism, there is uncertainty among traders about how much further Bitcoin can rise. One of the key drivers of this recent surge is the substantial net inflow … Read more
Onchain Fees for Bitcoin Drop to Six-Month Low
Bitcoin transaction fees have reached their lowest point since early November 2023, roughly six months ago. The average fee is now about $2.77 per transaction, with low-priority to high-priority transfers costing between $0.38 and $0.95 per transaction on May 24. Bitcoin Transfer Fees Reach Lows Not Seen Since November 2023 Transferring BTC onchain is now … Read more
Bitcoin Technical Analysis: BTC Consolidation Signals Range-Bound Activity
Bitcoin is currently priced at $67,350, with a market capitalization of $1.32 trillion and a trading volume of $42.36 billion. The cryptocurrency’s price has fluctuated within the range of $66,665 to $70,028 over the last 24 hours. Bitcoin Recent trends in the daily chart reveal bitcoin (BTC) reaching a peak of $71,958 before retreating to … Read more
Traders say Bitcoin price correction a ‘fake out’ before the next leg up
Bitcoin price reversed course with a surprise 5% correction over the past few days, but analysts say it is a healthy pullback. Go to Source
Bitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704
Bitcoin’s mining difficulty increased by 1.48% at block height 844,704, reaching 84.38 trillion. This adjustment aligns with Bitcoin’s overall hashrate exceeding the 600 exahash per second (EH/s) mark. Bitcoin Network Difficulty Increases by 1.48% On May 23, 2024, at block 844,704, the difficulty adjusted from 83.14 trillion to 84.38 trillion. This rise follows a 5.62% … Read more
