Category: Bitcoin
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Bitcoin Price Falls as Mt Gox Starts Repayments
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Bitcoin fell this week, falling below $55,000 for the first time since February, as the now-defunct Mt Gox exchange began distributing billions of dollars in outstanding funds. Mt Gox Announced It has begun paying off creditors, ending years of waiting caused by its collapse in 2014. The Japan-based exchange will…
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Bitcoin Price Crashes Below $54,000: Top-5 Reasons
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Over the past four days, Bitcoin has fallen by more than 15%, with a massive 7.8% drop in the past 24 hours alone. From a high of around $72,000 in early June, Bitcoin is now down around 25%. Here are the key factors behind yesterday’s sharp price drop. #1 Bitcoin…
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Bitcoin Price Crashes Below $54,000: Top-5 Reasons
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Over the past four days, Bitcoin has fallen by more than 15%, with a massive 7.8% drop in the past 24 hours alone. From a high of around $72,000 in early June, Bitcoin is now down around 25%. Here are the key factors behind yesterday’s sharp price drop. #1 Bitcoin…
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Bitcoin (BTC) Price Slips Below $54K, Triggering Almost $700 Million in Liquidations
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Long summary Bitcoin has dropped below $55,000, now trading at $54,200, likely influenced by several factors. The market crash resulted in $670 million in liquidations, with the largest liquidation request occurring on cryptocurrency exchange Binance. The flagship cryptocurrency continues its free fall, dropping below the $54,000 level today (July 5).…
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Bitcoin (BTC) Price Slips Below $54K, Triggering Almost $700 Million in Liquidations
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Long summary Bitcoin has dropped below $55,000, now trading at $54,200, likely influenced by several factors. The market crash resulted in $670 million in liquidations, with the largest liquidation request occurring on cryptocurrency exchange Binance. The flagship cryptocurrency continues its free fall, dropping below the $54,000 level today (July 5).…
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Bitcoin tumbles to its lowest since February as downside momentum intensifies
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Bitcoin (BTC/USD) Daily Chart The signs were already building yesterday as sellers tested the waters below the 200-day moving average (blue line). This eventually led to a break of the May low today and momentum continues to build. Well, it certainly doesn’t look good on the charts. In terms of…
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US Bitcoin ETFs See $20.45M Outflow: Nine Funds Remain Flat
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US-based bitcoin exchange-traded funds saw net outflows of $20.45 million on Wednesday. Interestingly, only two of these funds showed activity amid the market uncertainty. Grayscale’s GBTC fund saw outflows of $26.99 million, while Fidelity’s FBTC fund made a gain of $6.55 million. The remaining nine funds, including BlackRock’s IBIT, Bitwise’s…
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Bitcoin Completes 9th Test Of $60,000, Where Does Price Go From Here?
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Bitcoin (BTC) Bitcoin has completed its ninth test of the $60,000 support level, signaling a potential reversal in the cryptocurrency’s trajectory. According to a crypto analyst, Bitcoin faces major moves ahead, specifically The direction of this momentum Decisive. Bitcoin Retests $60K Support Level for Ninth Time In X (formerly Twitter)…
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Bitcoin rally hinges on rate cut, Bitfinex exec says
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Macroeconomic uncertainty in the US has pushed Bitcoin to a two-month low, but slowing inflation suggests monetary policy could soon boost risk appetite. Bitcoin (BTC) price fell below $57,000 after the US Federal Reserve minutes confirmed that interest rates will remain at their current levels until economic data justifies more…
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Are Bitcoin Miners Capitulating Amid the Drop Below $60K?
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The Bitcoin network is showing some signs of miner capitulation. This phase is characterized by miners either stopping work or selling a portion of their Bitcoin reserves. Interestingly, this process has historically been associated with Bitcoin prices hitting bottom, after which the asset is expected to resume its much-needed upward…
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Navigating Bitcoin Script Improvement With Lightning Labs’ Ryan Gentry
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In a recent interview with Bitcoin Magazine, Ryan Gentry from Lightning Labs He shared his views on various proposals aimed at enhancing Bitcoin’s scripting capabilities, with a particular focus on the approach taken by Rusty Russell’s new proposal, the Great Script Recovery Project. This initiative has galvanized the Bitcoin development…
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German Government Moves Over $75 Million in Bitcoin to Exchanges
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The German government has moved another portion of its massive Bitcoin reserves to exchanges. according to Blockchain DataOn July 4, the German Federal Criminal Police Office (BKA) moved nearly $75 million worth of Bitcoin across multiple transactions. The funds were distributed across exchanges including Coinbase, Kraken, and Bitstamp. This comes…
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German Government Moves Over $75 Million in Bitcoin to Exchanges
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The German government has moved another portion of its massive Bitcoin reserves to exchanges. according to Blockchain DataOn July 4, the German Federal Criminal Police Office (BKA) moved nearly $75 million worth of Bitcoin across multiple transactions. The funds were distributed across exchanges including Coinbase, Kraken, and Bitstamp. This comes…
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Bitcoin Plummets to $57K, Solana Nosedives 8% Daily (Market Watch)
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Cryptocurrency markets have seen massive losses over the past 24 hours, with total market cap falling below $2.5 trillion, down 5% on the day. This comes on the back of notable declines across the board from Bitcoin, Ethereum, BNB, Solana and almost the entire market. Bitcoin drops to $57K At…
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Bitcoin HODLers Need To Pull Their Weight Too
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Imagine you are going on vacation for a hundred years and you want your wealth to still be alive when you return. You decide to bury a vault containing: some gold bars A stack of $100 bills Your Bitcoin in Cold Storage What do you expect to be the outcome…
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Bitcoin HODLers Need To Pull Their Weight Too
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Imagine you are going on vacation for a hundred years and you want your wealth to still be alive when you return. You decide to bury a vault containing: some gold bars A stack of $100 bills Your Bitcoin in Cold Storage What do you expect to be the outcome…
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Bitcoin Core Announces New Security Disclosure Policy
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Bitcoin Core Developers Group He presented it. A comprehensive security disclosure policy to address past shortcomings in reporting critical security bugs. This new policy aims to create a standardized process for reporting and disclosing vulnerabilities, thereby improving transparency and security within the Bitcoin ecosystem. The announcement also includes several previously…