Bitcoin Cash Rises 11% but Gains Could Be Short-Lived
[May 9, 2023 12:56 PM] The token was up 11% on the day, but analysts think the cryptocurrency will not be able to sustain its gains.
395 / 463 Relevant items tagged with #BItcoin
Posts: 13,886
Posts
BRC-20 tokens surpass $1B market cap as wallet providers prepare integration
[May 9, 2023 12:00 PM] The growth in BRC-20 tokens comes just two months after the creation of the Bitcoin token fungibility protocol.
Bitcoin traders offer downside targets as BTC price risks sub-$25K dip
[May 9, 2023 10:57 AM] It’s increasingly hard to find a bullish voice when it comes to short-term BTC price action.
Bitcoin Community Divided: Scaling Challenges Trigger Intense Debate as Mempool Overflows
Africa Moves to Lightning, Stablecoins as Bitcoin Transaction Fees Soar
[May 9, 2023 8:51 AM] Those already using stablecoins and lightning transactions are not affected, but for many in Africa, higher bitcoin fees are a problem.
Is the Next Bitcoin Bull Run Tied To The US Presidential Elections? Here’s What History Tells Us
[May 9, 2023 7:30 AM] Bitcoin (BTC), the world’s first and largest cryptocurrency, has been associated with several bull runs over the years. One of the most notable uptrends occurred in 2012, and financial analyst and cryptocurrency expert Aditya Siddhartha has…
Bitcoin Plunge Under $28,000 Only Temporary? This Metric Suggests So
[May 9, 2023 6:30 AM] Bitcoin has now plunged under the $28,000 level, but the data of an on-chain indicator may suggest that this drop could only be temporary. Bitcoin Short-Term Holder SOPR Has Dropped Just Under The 1 Level As pointed out by an analyst in a…
Bitcoin Price In A Turbulent Week: This Crypto Market Strategist Weighs In
[May 9, 2023 6:14 AM] Bitcoin, the world’s largest and most well-known cryptocurrency, has had a tumultuous past few days, and according to Mike McGlone, a senior macro strategist at Bloomberg Intelligence, the volatility in the BTC market could very well impact…
Bitcoin Trades at Nearly $650 Premium on Binance.US
[May 9, 2023 4:36 AM] The widening discrepancy between the bitcoin price on Binance's U.S. arm and global counterparts has some observers worried about impending legal action directed at the unit.
How to send and receive payments on the Lightning Network
[May 9, 2023 4:07 AM] Learn to use Lightning Network by setting up a wallet, funding it, and using it to make and receive payments.
Binance’s NFT Marketplace Adds Support for Bitcoin NFTs
[May 9, 2023 3:00 AM] The leading cryptocurrency exchange will allow NFT collectors to purchase tokens on the Bitcoin network directly through their Binance accounts – bypassing the need to create a separate wallet for inscriptions.
Binance Announces Lightning Network Withdrawal Implementation Amidst Bitcoin Network Congestion Issues
[May 9, 2023 1:30 AM] Binance has announced its intention of implementing Lightning Network, a layer 2 Bitcoin scaling protocol, on its platform after experiencing an episode of congestion regarding withdrawals on the Bitcoin network. The exchange had to pause bitcoin…
‘Unjustly enriched’ — Core Scientific knocks back $4.7M claim from Celsius
[May 8, 2023 11:09 PM] Core Scientific has rejected a multi-million-dollar administrative claim from Celsius Network, arguing it’s owed an even higher amount from the crypto lender.
Bitcoin Bears Gains Strength – Is This Renewed Downtrend or Just Correction
[May 8, 2023 8:37 PM] Bitcoin price is moving lower below $28,000. BTC is approaching the $27,000 support, below which there is a risk of an extended decline to $25,500. Bitcoin is moving lower and trading below the $28,200 pivot level. The price is trading below…
Crypto Options Liquidity Provider OrBit Markets Offers Bitcoin and Gold-Hybrid Derivative
[May 8, 2023 6:55 PM] The company said the product’s finalized payoff depends on the joint performance of both BTC and its gold-backed token XAUT.
First Mover Asia: Binance Congestion Chaos Weighs Heavy on Bitcoin
[May 8, 2023 6:36 PM] ALSO: A crypto market analyst calls bitcoin's travails of the past two days "growing pains," and says the largest crypto by market cap "will be fine in the long run."
Bitcoin’s ‘BRC-20’ Explosion Sends Users Scrambling for Options, Including Lightning
[May 8, 2023 5:32 PM] The effects of the BRC-20 mints range from halting of bitcoin withdrawals on Binance to frustration with the sudden high costs of making bitcoin payments in places like Africa and South America.
Is Bitcoin Crashing Because Of A “Successful” DDOS Attack?
[May 8, 2023 5:00 PM] Recent reports suggest that Bitcoin is under a Distributed Denial-of-Service (DDoS) attack, forcing prices lower and transaction fees higher. The attack, observers note, is orchestrated through spam inscriptions that are clogging up the network…
Ordinals Upend Bitcoin Mining, Pushing Transaction Fees Above Mining Reward for First Time in Years
[May 8, 2023 4:43 PM] Several mining pools such as Luxor Technologies and AntPool mined blocks on Monday where fees exceeded Bitcoin’s block subsidy of 6.25 BTC.
Bitcoin Bull Run In Jeopardy As Parabolic SAR Flips Bearish On Daily Chart
[May 8, 2023 4:00 PM] Bitcoin (BTC), the world’s largest cryptocurrency, is facing a potential correction as it loses support at a critical level and trades at $27,300. Technical analysis shows that the Parabolic SAR has flipped bearish on the daily chart…
Bitcoin Falls Below $27.5K as Investors Weigh Meme Mania, Binance Congestion Issues
[May 8, 2023 2:03 PM] Ether’s deflationary narrative continues despite Monday’s price drop. Major crypto assets traded down on Monday.
Binance Records Highest BTC Outflows In its History; What’s the Catch?
[May 8, 2023 12:00 PM] The latest report by on-chain tracker Whalewire shows Binance is experiencing unusual Bitcoin outflows over the past 24 hours, the highest in its history. Whalewire reported that over 162,000 BTC, worth more than $4.5 billion, left the exchange in…
P2P Bitcoin Exchange Paxful Back Online After Temporary Suspension
[May 8, 2023 11:49 AM] Peer-to-peer (P2P) bitcoin exchange Paxful has resumed operations after being shut down for over a month, the company said in a blog post.
Stacks (STX) Surges 10% Due To Bitcoin Network Congestion
[May 8, 2023 9:30 AM] While the Bitcoin and crypto markets are deep in the red, one altcoin stands out today, posting a double-digit price increase: Stacks (STX). Along with the Lightning Network, the project is considered the most promising layer-2 technology for…
Bitcoin To Drop Further? Whales Show Signs Of Dumping
[May 8, 2023 8:40 AM] On-chain data shows the Bitcoin exchange whale ratio has spiked recently, something that could lead to further downside in the asset’s value. Bitcoin Exchange Whale Ratio Has Sharply Surged Recently As pointed out by an analyst in a…
Average Bitcoin Transaction Fees Skyrocket to $19.20 per Transfer as Over 440,000 Transactions Remain Unconfirmed
[May 8, 2023 8:30 AM] Bitcoin transaction fees have surged significantly in the past 24 hours, with the average fee reaching $19.20 per transfer. The increase in fees can be linked to a backlog of transactions trapped in the mempool, as over 440,000 unconfirmed…
Litecoin (LTC) Price Falls After Bulls Fail To Maintain Momentum
[May 8, 2023 8:00 AM] Litecoin is shedding its gains in the market today as the bears take control of its price. At press time, its trading volume is down by over 15%, with a price decrease of 2.80% in the last 24 hours. Such a decline comes after major crypto assets…
Bitcoin, Ethereum Technical Analysis: BTC Extends Declines, as Markets Continue to React to Nonfarm Payrolls
[May 8, 2023 7:01 AM] Bitcoin fell below $28,000 to start the week, as markets continued to react to last Friday’s United States nonfarm payrolls (NFP) report. The payrolls report came in at 250,000 versus expectations of 180,000 jobs. Ethereum was also lower, as…
Binance To Activate Bitcoin Lightning Network Withdrawals
[May 8, 2023 6:30 AM] After suspending Bitcoin withdrawals multiple times in the past 24 hours, the world’s largest crypto exchange announced plans to create a lasting solution. The firm now plans to include the Bitcoin lightning network for BTC transactions. The only…
First Mover Americas: PEPE Peaks After Binance Listing
[May 8, 2023 6:08 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for May 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.