Bitcoin Blockchain and Cryptocurrency News Center
At least 69,369 bitcoins, worth about $955 million, were on Wednesday moved from a wallet address that may be linked to the collapsed Silk Road darknet marketplace, the news.Bitcoin.com reported on November, 5. This is the first time that the funds have moved from the address — bitcoin’s fourth largest — since April 2015. The […]
The MVRV ratio is firmly sticking to its 2-year uptrend, with support in place for fresh all-time highs, says Stack Funds. Bitcoin (BTC) has support to climb all the way to $15,000 if historic trends repeat themselves this year, a new report says. Compiled by crypto index fund provider Stack Funds on Oct. 15, the report highlights […]
As the Cointelegraph announced, Julius Baer, a top-five Swiss bank, saw its net profit climb by 34% in the first half of 2020, a period during which it began offering digital assets like Bitcoin to its clients. Top five Swiss bank Julius Baer Group, which manages $427 billion in assets, announced on July 20 that its profit […]
Bitcoin has continued to extend its multi-month bout of sideways trading as it hovers within the lower-$9,000 region, the NewsBTC writes. It does appear to be growing increasingly weak in recent times, as it has frequently been testing the support established around $9,000, without being able to post any ardent surge from this price level. […]
The past few weeks have seen Bitcoin stall in the $9,000s as bulls have failed to maintain the pressure they applied starting after March’s crash, the NewsBTC writes. With the indecision in the cryptocurrency market and global markets more broadly, investors have been deliberating purchasing BTC in the $9,000s or waiting for a retracement to […]
Bitcoin price is now facing stiff resistance at $7,800 with less than 17 days remaining before the much-anticipated halving event, the Cointelegraph reported. The price of Bitcoin (BTC) has been stagnating between $6,600 and $7,200 for a few weeks, but finally, a breakout occurred to the upside, which meant a 10% push towards $7,750. But […]
Leading blockchain intelligence firm Chainalysis has found that the COVID-19 pandemic and global economic contraction is affecting Bitcoin (BTC) consumer habits in surprising ways. In a new report published on March 30, Chainalysis details how Bitcoin spending trends in three areas — merchant services, gambling and darknet marketplaces — have changed, or even reversed. Weakening correlation could […]
The Bitcoin (BTC) network hash rate has just taken a steep plummet and is now down almost 45% from its 2020 peak, the Cointelegraph reported. The network’s hash rate sank from 136.2 quintillion hashes per second (EH/s) on March 1 to 7.5.7 EH/s today, March 26, according to data from Blockchain.com. Coin.dance — another analytics site for […]
Bitcoin is currently correcting higher from the $4,320 support area against the US Dollar. BTC could rally further if the bulls are able to push the price above $6,800 and the 100 SMA (H4), the NewsBTC predicts. Bitcoin price seems to be facing a strong resistance zone near the $6,800 and $7,000 levels. The 100 […]
Cryptocurrency exchange Binance has officially apologized to the Steem community following its involvement in a major centralization scandal involving Tron founder Justin Sun, the Cointelegraph reported. In its letter posted on March 10, Binance affirmed that it “stays neutral and has no interest in on-chain governance beyond the Binance ecosystem.” Binance also provided records of its powering […]