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Bitcoin Recovers from Black Swan Event, On-Chain Data Reveals
Bitcoin (BTC) has shown remarkable resilience in the face of what on-chain data is calling a "black swan" event. This event has drawn comparisons to the significant crash that occurred in March 2020 during the early days of the COVID-19 pandemic. On-chain analytics platform CryptoQuant recently h ...
Bitcoin Retreats from $26,400 High: Cryptocurrency Market Recap
Bitcoin recently surged to a multi-day peak surpassing $26,400, though this ascent proved to be short-lived, as the cryptocurrency has since retraced to its familiar position below $26,000. The broader altcoin market is also displaying slight declines today, with assets like Binance Coin (BNB), C ...
K33 analysts: The market greatly underestimates the impact of spot ETFs on cryptocurrency rates
According to analysts at K33 (formerly known as Arcane Research), the approval of spot bitcoin ETFs will affect the cryptocurrency market much more than the public believes. In a report, K33 senior analyst Vetle Lunde and vice president Anders Hels ...
Noteworthy Solo Bitcoin Miner Successes and Pooled Efforts
Solo miner managed to mine a block on the Bitcoin network and get 6.25 BTC for it, which is roughly equal to $162000 at the current exchange rate. A CKPool mining pool user with the wallet address bc1q2za4ejga366sn288273pty8trasn5zs4y9hqg6 mined a block in the network ...
Cryptocurrency Analyst DonAlt Predicts Bearish Trend as Bitcoin Sellers Gain Dominance
A popular cryptocurrency analyst under the pseudonym DonAlt believes that the market is once again in a bearish trend and it is bitcoin sellers who are now playing a dominant role. In a new YouTube video, the analyst said that bitcoin's drop to $26Β 000 accurately indicates that "the bears are onc ...
Bitcoin’s Sudden Drop and Market Reactions: A Recap
On the night of August 17, the price of the first cryptocurrency fell about 8% in just ten minutes, dropping to $25,409. Now the bitcoin exchange rate has risen slightly to $26,493. According to Coinglass data, more than 175,000 market participants have liquidated positions worth more than $1 bil ...
Decline of Bitcoin-Based NFT “Bitcoin Ordinals”: A Catastrophic Drop in Trading Volume
The popularity of the "bitcoin-based NFT" - Bitcoin Ordinals - has declined catastrophically, as many analysts predicted. BRC-20s token trading volume has fallen 97% since May. As reported by the DappRadar service, the trading volume of "BRC-20s tokens" (the NFT counterpart in Efirium and other n ...
Tom Lee Predicts Bitcoin Could Surge Five to Six Times if SEC Approves Spot Bitcoin ETFs
Fundstrat investment firm co-founder Tom Lee believes that if the U.S. Securities and Exchange Commission (SEC) approves the launch of spot bitcoin ETFs, the price of the first cryptocurrency could rise five to six times. In late July, Fundstrat analysts predicted that approval of a dire ...
Bitcoin ETF Approval Could Propel BTC to $150,000: Mark Yusko’s Bullish Forecast
Mark Yusko, CEO of investment firm Morgan Creek Capital, suggested that if a spot bitcoin ETF is approved in the U.S., the BTC exchange rate would rise to $150,000 by the middle of next year. During an interview with Kitco News, Mark Yusko said that the crypto community is excited about the possi ...
Robert Kiyosaki: “Bitcoin will soar to $1 million after the collapse of the global economy”
The author of the best-selling book "Rich Dad, Poor Dad" has suggested that three-quarters of the world will abandon the U.S. dollar and favor bitcoin if and when there is a collapse of the world economy. Robert Kiyosaki favored gold, silver and bi ...
