436 / 506 Relevant items tagged with #bitcoin
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Bitcoin’s High Fees Brought Back Bull Market-Level Mining Revenue, But Not for Long
[May 11, 2023 9:40 AM] The transaction fees debacle might be a short lived revenue bump for the miners but provides a glimpse of the future for the miners.
BTC price risks $27K loss as Bitcoin trend lines brew 'bullish cross'
[May 11, 2023 9:09 AM] BTC price action offers little relief to Bitcoin bulls despite U.S. macro data releases showing inflation subsiding.
Bitcoin Network Starts to Clear Congestion, Onchain Fees Drop by 90%
[May 11, 2023 8:00 AM] On May 7, 2023, the Bitcoin network was plagued with an overwhelming 500,000 unconfirmed transactions, causing a major bottleneck in the system. However, the good news is that the congestion has been clearing, resulting in a significant reduction…
Bitcoin Rebounds From $27,100 After Spike In Bearish Sentiment
[May 11, 2023 8:00 AM] Data shows the Bitcoin sentiment had turned quite bearish just before the asset’s price had rebounded up from the $27,100 level. Bitcoin Recovers Shortly After FUD Takes Over Market According to data from the on-chain analytics firm…
Threshold Network Goes Live With Wormhole to Bridge Bitcoin to 20 Blockchains
[May 11, 2023 7:10 AM] Using bitcoin on other networks previously required users to rely on centralized bridges, which increased risks for token holders.
Bitcoin, Ethereum Technical Analysis: ETH, BTC Fall to Multi-Week Lows, Following US Inflation Data
[May 11, 2023 6:41 AM] Ethereum fell below $1,800 in today’s session, as markets continued to react to the latest U.S. consumer price index. Inflation in the United States fell to 4.9% in April, less than the 5% sum many had expected. Bitcoin was also lower on the…
Long-Term Bitcoin Holders Boost Their Stash as BTC Prices Decouple From Nasdaq
[May 11, 2023 5:42 AM] Long-term holder wallets are witnessing net accumulation at the fastest pace since October 2021.
Bitcoin fees plummet 95% as BTC price recovers from US gov't scare
[May 11, 2023 3:51 AM] Bitcoin was not subject to U.S. government selling this week, analysis shows, but BTC price action remains pressured.
Whales Keep Buying Bitcoin, What They Might Know That You Don’t
[May 11, 2023 3:00 AM] The Bitcoin price took a major hit yesterday despite a positive surprise in the US Consumer Price Index (CPI), following a rumor that the US government sold 9,800 BTC related to Silk Road. Since then, the market has struggled to recover from the…
Developers Deploy Uniswap Contracts on Bitcoin as BRC20-Based SHIB, PEPE Gain Popularity
[May 11, 2023 2:40 AM] Tokens issued on Bitcoin ran to a cumulative market capitalization of as much as $1.5 billion earlier this week before sharply correcting.
A ‘Tremendous Variety of Possible Transaction Types’ — A Look at the Conversation Between Nakamoto and Andresen
[May 10, 2023 11:30 PM] The Bitcoin mempool, otherwise known as the network’s transaction backlog, is still clogged with over 390,000 transactions waiting to be processed by miners. To clear the mempool, more than 190 blocks need to be mined. As the scaling issues…
Bitcoin Price Turns Sell On Rallies As Bulls Struggle To Clear Hurdles
[May 10, 2023 9:03 PM] Bitcoin price is struggling to clear the $28,200 resistance. BTC is again moving lower and might decline toward the $27,000 support zone. Bitcoin attempted an upside break above $28,200 but failed. The price is trading below $28,000 and the 100…
First Mover Asia: Expect Bitcoin to Hit $25.2K Soon: Strategist
[May 10, 2023 6:00 PM] ALSO: Bitcoin needs a compelling narrative to break from its current range, but that likely will not occur until next year, says the CEO of Web3 bond-market platform Umee.
Binance, Coinbase Bitcoin Reserves Fast-Dropping, Is This Bullish?
[May 10, 2023 5:00 PM] According to CryptoQuant’s data on May 10, Bitcoin reserves in centralized exchanges such as Binance and Coinbase experienced a significant decline in Q4 2022. The reserves remained stable in April despite the prices soaring from $20,000 to…
Rehypothecation May Be Common in Traditional Finance, but It Will Never Work With Bitcoin
[May 10, 2023 1:26 PM] Applying rehypothecation onto bitcoin or crypto ignores the fundamental essence of these assets arising from a core bitcoin innovation, Christopher Calicott writes.
If Bitcoin Can’t Handle a Few JPEGs, How Can It Handle the World?
[May 10, 2023 12:15 PM]
Bitcoin Dips Below $27K, Reversing Post-CPI Rally
[May 10, 2023 12:13 PM] The BTC/USD trading pair on Coinbase was trading as low as $26,800 before regaining some ground.
Bitcoin Supply Is Moving From American Holders To Asian Wallets: Glassnode
[May 10, 2023 12:00 PM] Data from Glassnode reveals the Bitcoin supply has been observing a shift from wallets based in America to those in Asia recently. Bitcoin Supplies Held By Asian And US Investors Have Gone Opposite Ways Recently According to data from the on-chain…
Bitcoin Liquidity on the Brink as Market Makers Pare Back in Crypto Markets
[May 10, 2023 10:29 AM] The abrupt exit of Jane Street and Jump, two crucial cryptocurrency market makers, has the potential to disrupt the liquidity flow across the industry, according to a Kaiko analyst.
Price analysis 5/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
[May 10, 2023 9:49 AM] Bitcoin and select cryptocurrencies are trying to start a rebound following the CPI data release but bulls may find it difficult to continue the recovery at higher levels.
Bitcoin cracks $28K on CPI amid warning US inflation ‘highly elevated’
[May 10, 2023 9:26 AM] Bitcoin joins altcoins in reacting strongly to CPI data coming in below estimates, with BTC price clawing back ground toward $30,000.
Should You Worry About Bitcoin Withdrawals On Exchanges? New Data Sheds Light
[May 10, 2023 9:00 AM] Bitcoin holders have been paying attention to the amount of BTC leaving crypto exchange platforms. Over the past week, the cryptocurrency’s liquidity has been moving, raising concerns about the stability of these venues and that marketmakers might…
Bitcoin Price Blasts Above $28,000 Following 4.9% April CPI Report
[May 10, 2023 7:28 AM] Bitcoin price may have resumed its bullish momentum, following a cooler than expected April 2023 CPI report. The Consumer Price Index, a key measure of inflation, fell to 4.9% – lower than the expected 5.0%. As a result, crypto prices are climbing…
U.S. CPI Inflation Falls to 4.9% in April; Bitcoin Rises Above $28K
[May 10, 2023 6:37 AM] The Federal Reserve last week suggested it could pause its long series of rate hikes even as inflation remains well above its 2% target.
Bitcoin, Ethereum Technical Analysis: BTC Hovers Near Key Price Floor, Ahead of US Inflation Report
[May 10, 2023 6:30 AM] Bitcoin was hovering close to a key price floor near $27,300 on Wednesday, as markets anticipated the upcoming U.S. inflation report. Consumer prices for last month are expected to remain at 5%, which could be seen as justifying the Federal…
Bitcoin Funding Rates On BitMEX Turn Deep Red, Here’s Why This Is Bullish
[May 10, 2023 6:00 AM] Data shows the Bitcoin funding rates on the cryptocurrency exchange BitMEX have turned quite negative recently. Here’s why this may be bullish. Bitcoin Funding Rates On BitMEX Have Plunged To Deep Red Values As pointed out by an analyst in a…
Bitcoin Tends to Become More Volatile Around Monthly U.S. Inflation Releases: Kaiko
[May 10, 2023 4:47 AM] Monthly U.S. inflation readings influence the Fed policy, which impacts both crypto and traditional markets.
Bitcoin eyes $28K push as traders demand CPI day BTC price volatility
[May 10, 2023 3:38 AM] Bets are in for how BTC price action will react to the latest CPI print, with data favoring inflation dissipating in the coming months.
Are Cryptocurrencies an Inflation Hedge? Theoretically Yes, Factually No Says S&P
[May 10, 2023 2:46 AM] Some argue that crypto assets could be in demand in a high-interest rates/high inflation environment because they could serve as a store of value, however crypto's track record is too short to prove this, S&P said.