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Bitcoin Mining Cost Drops to $45K as Inefficient Miners Exit: JPMorgan

[May 16, 2024 9:05 AM] The bank sees limited upside for the bitcoin price in the near term due to a number of headwinds.

Red Alert For Bitcoin: Network Hashrate Takes A 20% Dive

[May 16, 2024 9:00 AM] The post-halving world of Bitcoin continues to throw curveballs. After a hashrate surge to celebrate the block reward reduction in April, Bitcoin’s computational power has taken a nosedive, dropping 20% in recent weeks. This unexpected…

US Bitcoin ETFs Achieve 3-Day Inflow Streak, Netting $303M on Wednesday

[May 16, 2024 8:21 AM] U.S. spot bitcoin exchange-traded funds (ETFs) performed well on Wednesday, completing a three-day streak of inflows and accumulating $303 million in gains on May 15. Data indicates Blackrock’s IBIT inflows have been minimal, recording zero…

Why Did The Bitcoin Price Rise Above $66,000 Today?

[May 16, 2024 8:00 AM] Bitcoin recently rose above $66,000 for the first time since April. This recent price rally from the flagship crypto is believed to be due to several factors, including the recently released inflation data.  Inflation Data Comes In Lower Than…

Miner Hut 8’s Bitcoin Stack Gives it Capital to Pursue Upcoming Projects, Upgrade to Buy: Craig-Hallum

[May 16, 2024 7:31 AM] The miner’s bitcoin stash is a protective feature for investors and opportunistic capital for the business to use for growth, the report said.

Tens of Thousands Show Overwhelming Support for Abolishing the Fed, US Policymaker’s Poll Reveals

[May 16, 2024 7:16 AM] On May 15, Thomas Massie, a Republican member of the United States House of Representatives, posted on X, inquiring whether he should introduce legislation to abolish the U.S. Federal Reserve. The poll garnered over 115,000 votes, with a…

Protocol Village: Lita Releases 'Valida ZkEVM,' Claims Speed, Efficiency Advantages

[May 16, 2024 7:00 AM] The latest in blockchain tech upgrades, funding announcements and deals. For the period of May 16-22.

First Mover Americas: Bitcoin Tops $66K as Interest-Rate Cuts Loom

[May 16, 2024 6:01 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for May 16, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Over 600 firms reveal billions in combined investment in Bitcoin ETFs

[May 16, 2024 5:27 AM] Millennium Management is the largest Bitcoin ETF investor with a $1.9 billion investment.

Ether-Bitcoin Ratio Slides to Lowest Since April 2021. Here's Why

[May 16, 2024 4:48 AM] The ether-bitcoin ratio slides to a three-year low, extending year-to-date losses to nearly 16%.

Most Important Bitcoin Indicator Nears Bullish Flip: $150,000 Soon?

[May 16, 2024 1:40 AM] In a recent analysis, James Coutts, Chief Crypto Analyst at Realvision, signaled a potential bullish turn in Bitcoin’s near future, attributing the forecasted change to shifts in global liquidity measures, specifically the Global Money Supply (M2)…

Bitcoin analysis sees $74K next as BTC price tries to hold 7.5% gains

[May 16, 2024 1:25 AM] BTC price action has its doubters after swiftly jumping to new May highs, but some see Bitcoin continuing upward momentum into price discovery.

Bitcoin Has Best Day in 2 Months as Markets Anticipate a ‘Summer of Easing'

[May 16, 2024 12:08 AM] The net percent of global central banks cutting rates is increasing in a positive sign for risk assets, including cryptocurrencies.

Bitcoin Breaks Free: Emerging from Bearish Sentiment, Crypto Market Optimism Rises

[May 15, 2024 9:14 PM] Bitcoin price is up nearly 8% and it broke many hurdles. BTC is now consolidating gains and might correct in the short term toward $65,000. Bitcoin started a strong increase and cleared the $63,500 resistance zone. The price is trading above…

US Lawmakers Urge Treasury Action on Russian Crypto Exchange Sanctions Evasion

[May 15, 2024 8:40 PM] U.S. Congressman Gabe Amo (D-RI), along with Congressmen Brad Sherman (D-CA) and Gerald E. Connolly (D-VA), sent a letter to U.S. Treasury Secretary Janet Yellen regarding the Moscow-based cryptocurrency exchange Garantex. They expressed concerns…

Bitcoin Not Out Of Danger Yet, NVT Golden Cross Warns

[May 15, 2024 8:00 PM] On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross still has a high value, a sign that may be bearish for BTC. Bitcoin NVT Golden Cross Is Still Near Historical Top Zone In a CryptoQuant Quicktake post, an analyst…

Bitcoin Soaring Toward $84,000: Insights From Glassnode Co-Founders

[May 15, 2024 7:00 PM] In a remarkable turn of events, Bitcoin (BTC) has broken out of its recent trading range, recording a 7% surge in the past 24 hours alone. The cryptocurrency tests the $66,000 resistance level, setting the stage for a potential move toward higher…

Robinhood Launches Its First Crypto Staking Product

[May 15, 2024 5:11 PM] Robinhood has introduced its first-ever crypto staking product, which will be available to European customers. The company has also launched several other new features for European users. “Robinhood Crypto customers can now stake their solana (SOL)…

Market Expert Who Predicted Bitcoin’s Rise above $69,000 Unveils New Target

[May 15, 2024 4:00 PM] The Bitcoin rise above $69,000 before the fourth halving to reach a new all-time high of $73,000 in 2024 took many by surprise. However, crypto analyst BitQuant was not one of those people. In 2023, the analyst had correctly predicted that the BTC…

Price analysis 5/15: BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA, AVAX, SHIB

[May 15, 2024 3:49 PM] Risky assets, including Bitcoin and altcoins, received a boost following today's CPI report.

Microstrategy Joins MSCI World Index Amid Bitcoin Rally

[May 15, 2024 3:20 PM] MSCI Inc. has announced the May 2024 Index Review, which includes adding the bitcoin-focused Microstrategy to the MSCI World Index. This decision follows the Nasdaq-listed software intelligence firm’s stock outperforming bitcoin and other…

Over 50,000 Traders Liquidated as Bitcoin Price Surges Past $66,000 Amid Bullish Run-Up

[May 15, 2024 2:34 PM] On Wednesday, the price of bitcoin demonstrated strong growth, escalating by more than $4,200 from its daily low. This 7.1% increase against the U.S. dollar propelled bitcoin past the $66,000 threshold, reaching a peak of $66,461 per coin on…

Bitcoin Hits $66K as Soft Inflation Data Sparks Crypto Rally

[May 15, 2024 2:11 PM] Sluggish U.S. retail sales and softer inflation reports have opened the way for the next leg up in the crypto rally, Swissblock said.

Bitcoin Long-Term Holders Buy The Blood, Snatch Up 70,000 BTC

[May 15, 2024 2:00 PM] Glassnode data has revealed that Bitcoin long-term holders are taking advantage of the cryptocurrency’s lower price to significantly increase their holdings. This accumulation further strengthens the belief that this group of Bitcoin investors…

Sweeping ‘Bitcoin Rights’ Bill Becomes Law in Oklahoma

[May 15, 2024 1:38 PM]

Bitcoin: Will Prices Easily “Explode” Past $74,000 Or Dump Due To Miner Capitulation?

[May 15, 2024 1:00 PM] Bitcoin prices have been trending lower in the past couple of weeks and generally remain within a bearish formation. Although momentum appears to be picking up, bulls are not out of the woods just yet. Analysts are not losing hope and remain overly…

Bitcoin Hash Ribbons Form Capitulation Signal: What It Means

[May 15, 2024 10:00 AM] On-chain data shows the Bitcoin Hash Ribbons have recently gone through a crossover. Here’s what it could mean for the cryptocurrency. Bitcoin Hash Ribbons Suggest Miner Capitulation Is On As explained by CryptoQuant community manager…

Halving Impact and Macro Shifts Create Tailwinds for Bitcoin

[May 15, 2024 9:45 AM] Despite the drop in bitcoin’s price since April’s halving, there are still plenty of reasons to be bullish about BTC and crypto, says Paul Marino, Chief Revenue Officer at GraniteShares.

US Bitcoin ETFs See $166.5M Inflows in Early Week Trading Sessions

[May 15, 2024 8:36 AM] U.S. spot bitcoin exchange-traded funds (ETFs) experienced two consecutive days of net inflows on Monday and Tuesday, totaling $166.5 million across both sessions. U.S. Bitcoin ETFs Record 2 Days of Net Inflows The week began positively for U.S…

Forget memecoins, Bitcoin is driving the bull run — NBX Warsaw

[May 15, 2024 8:24 AM] The success of Bitcoin ETFs and the influence of the Bitcoin halving is having a significant impact on cryptocurrency markets.