Bitcoin clings to $36K as data suggests BTC price sell-off came from short-term holders
[ad_1] Bitcoin (BTC) found a new home at $36,000 into May 7 as volatility finally cooled into the weekend. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Terra down at least $250 million in crunch Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling the $36,000 mark overnight after losing...
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Bitcoin drops to $35.5K as 1,000 point Dow correction marks the worst trading day since 2020
[ad_1] Global financial markets plunged into disarray on May 5 as the Dow Jones saw a 1,063 point drop and Bitcoin (BTC) price plummeted to $35,571 on Binance. The widespread weakness comes as traders have had more time to digest the recent half-point interest rate hike by the Federal...
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Improving Transaction Privacy on the Bitcoin Blockchain | by Coinbase | May, 2022
[ad_1] Tl;dr: This report updates on what Josie, a Bitcoin CoreDev, and Coinbase Crypto Community Fund grant recipient, has been working on over the first part of their year-long Crypto development grant. This specifically covers their work on bitcoin transaction privacy. Since late last year, I have been working...
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Bitcoin Struggles To Hold $40K While Crypto Track US Stocks
[ad_1] Crypto is mirroring stock markets’ gains again today, with Wall Street’s sharp climb after opening higher likely to provide further impetus for Bitcoin. Last Friday, the crypto market saw a significant decline correlating US Indexes. Bitcoin and Ethereum, the major players in the crypto market, gained 2% in...
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Swiss National Bank (SNB) Opposes Using Bitcoin as a Reserve Currency
[ad_1] Thomas Jordan, the Swiss National Bank’s (SNB) Chairman, stated on Friday during a meeting that the central bank is against buying and holding Bitcoin Bitcoin Bitcoin is the world’s first digital currency that was created in 2009 by a mysterious entity named Satoshi Nakamoto. As a digital currency...
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Bitcoin Key Indicators Suggest Strengthening Case For Decent Increase
[ad_1] Bitcoin is showing positive signs above $39,500 against the US Dollar. BTC must clear $40,250 to continue higher in the near term. Bitcoin started another recovery wave and climbed above the $39,800 level. The price is now trading above $39,500 and the 100 hourly simple moving average. There...
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Noncustodial Bitcoin wallets unbannable, says exec behind Trezor wallets
[ad_1] As regulators grow increasingly concerned about investors moving their cryptocurrency out of centralized exchanges, one industry exec has assessed the probability of a potential ban of noncustodial wallets. Stepan Uherik, the chief financial officer of SatoshiLabs, the firm behind the Trezor hardware wallet, is confident that it’s highly...
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Bitcoin STH SOPR Breaks Above 1 For First Time Since December
[ad_1] On-chain data shows the Bitcoin short-term holder SOPR has broken above one for the first time since December 2021. Bitcoin Short-Term Holders Return To Profit Once Again As pointed out by an analyst in a CryptoQuant post, the BTC STH SOPR has once more broken past the “one”...
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Bitcoin battles for weekly close above $42K as LFG buys 4,130 more BTC
[ad_1] Bitcoin (BTC) prepared for its lowest weekly close of the month so far on April 10 after a week of disappointing losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: BTC “giving people a second chance” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $42,700 Sunday with...
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What’s Next For Bitcoin As Prices Encounter Difficulty Reclaiming $43,000?
[ad_1] Recently, bitcoin prices have struggled, often dipping below the $43,000 mark and then failing to post substantial gains. Around 9:20 a.m. EDT, the world’s most popular crypto asset retreated to $42,777.20, CoinDesk data show, Saturday. The majority of cryptocurrencies traded lower early Saturday. Global crypto market market capitalization...
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