[Feb 14, 2023 2:00 PM] After the recently released inflation data, Bitcoin has reacted positively to the upside. Market participants expected an inflation rate of 6.2%, but the US government reported an inflation rate of 6.4%. Pantera Capital looks at Bitcoin’s…
[Feb 14, 2023 7:30 AM] Bitcoin rebounded in Tuesday’s session, as markets prepared for this afternoon’s U.S. inflation report. It is expected that the annual rate of inflation in the United States dropped to 6.2% in January, down 0.3% from the month prior…
[Feb 14, 2023 6:02 AM] Here’s what the current Bitcoin rally might require for a resumption based on the trend that a similar rally back in April 2019 followed. Bitcoin Accumulation Trend Score Has Declined Recently As per the latest weekly report from Glassnode…
[Feb 14, 2023 2:02 AM] Amid news and rumors of a harsh crackdown of the crypto sector by U.S. authorities, the Bitcoin and crypto market is facing a crucial turning point today with the release of the U.S. Consumer Price Index (CPI) for January 2023. The release by the…
[Feb 13, 2023 11:10 PM] Last month’s crypto market rally was caused in part by optimistic investors with positive sentiment in the broader financial market. Crypto isn’t the only market that rallied, stocks experienced a surge as well with major indices showing gains…
[Feb 13, 2023 9:27 PM] Bitcoin price is consolidating below the $22,000 resistance. BTC could decline heavily if there is a daily close below the $21,500 support. Bitcoin is showing a few negative signs below the $22,000 resistance. The price is trading below $22,000 and…
[Feb 13, 2023 5:30 PM] Bitcoin miner, Iris Energy, announced plans to increase the company’s self-mining capacity, from 2 exahash per second (EH/s) to approximately 5.5 EH/s, after it receives 4.4 EH/s of new Antminer S19j Pro miners from Bitmain. Iris Energy…
[Feb 13, 2023 4:56 PM] Bitcoin is trending in the red in synchrony with a calendar date celebrated by millions, San Valentin; the cryptocurrency is showing anything but love to short-term investors. Following an important rally from a low of $16,500, the cryptocurrency…
[Feb 13, 2023 3:00 PM] Bitcoin and major altcoins look vulnerable to a deeper correction after the crackdown on Paxos soured sentiment across the crypto market.
[Feb 13, 2023 7:30 AM] Ethereum started the week trading below $1,500, as it was reported that Paxos will no longer mint BUSD. This has led to a depegging of the stablecoin, and comes ahead of the upcoming U.S. inflation report, which is also adding to today’s…
[Feb 13, 2023 7:30 AM] On-chain data shows the Bitcoin Net Unrealized Profit/Loss (NUPL) is currently nearing a key retest. Will this help BTC rebound? Bitcoin NUPL Has Been Declining Towards 365-Day MA Recently As pointed out by an analyst in a CryptoQuant post, the BTC…
[Feb 13, 2023 7:15 AM] Binance CEO Changpeng Zhao (“CZ”) has commented on Twitter about the Department of Financial Services’ (NYDFS) directive to Paxos Trust Co. to stop minting new BUSD. As reported by the Wall Street Journal today, Paxos will…
[Feb 13, 2023 6:30 AM] On-chain data shows Bitcoin whale transactions have exploded recently, suggesting that these investors may be looking to buy the dip in the price. Bitcoin Whale Transaction Count Has Shot Up In Recent Days According to data from the on-chain…
[Feb 13, 2023 4:40 AM] There is a “Death Cross” in the Bitcoin weekly chart, and this is not a “good sign,” according to one technical analyst. The “Death Cross” On The Bitcoin Weekly Chart The “Death Cross” forms on charts when the 50-period moving aver
[Feb 13, 2023 2:48 AM] Bitcoin price action is making history this week, but for all the wrong reasons, as the 2022 bear market still haunts the charts.
[Feb 12, 2023 9:15 PM] Bitcoin price is consolidating above the $21,500 support. BTC could start a decent recovery if it clears the $22,000 resistance and the 100 hourly SMA. Bitcoin is struggling to start a recovery wave above the $22,000 resistance. The price is…
[Feb 12, 2023 3:00 PM] Since Luxor, a bitcoin mining pool, mined a record-setting 3.96 MB block (#774,628) on the Bitcoin blockchain, block sizes have been larger than they were prior to that block height in the past 12 days. Statistics show that blocks larger than 3 MB…
[Feb 12, 2023 9:00 AM] Bitcoin’s difficulty decreased 0.49% on Feb. 12, 2023, following a sustained all-time high of 39.35 trillion over the previous two weeks (2,016 blocks). The decrease in difficulty offers a brief respite for bitcoin miners, after the network…
[Feb 12, 2023 8:05 AM] The International Monetary Fund (IMF) has warned El Salvador to avoid trading Bitcoin bonds due to the risks it poses for the economy. This latest development comes after increased regulations from the Central American country that promotes the…
[Feb 12, 2023 3:00 AM] According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use of…
[Feb 11, 2023 11:30 AM] As of Friday, Feb. 10, 2023, the Bitcoin blockchain had seen the addition of more than 50,000 Ordinal inscriptions as the trend has continued to increase daily. People are inscribing text, images, videos, audio, and software applications onto the…
[Feb 11, 2023 11:18 AM] Bitcoin miners as energy buyers utilize renewable energy sources and excess electricity offered by utility companies to fuel their mining operations.
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