BTC

Crypto Strategist Benjamin Cowen Warns of Potential Bitcoin Plunge, Impact on Altcoins

Benjamin Cowen, a prominent crypto strategist, is warning of a potential Bitcoin (BTC) plunge, which he believes could negatively impact altcoins. Cowen suggests that Bitcoin may experience an 8% drop from its current level, which could be followed by even more significant losses. Cowen expresses ...

Canadian Bitcoin Miner Hut 8 Stays Committed to Accumulating Self-Mined BT

Hut 8, a Canadian Bitcoin (BTC) mining company, continues to accumulate self-mined BTC despite a merger deal with US Bitcoin (USBTC). In September 2023, Hut 8 mined 111 Bitcoin, bringing its self-mined BTC reserves to 9,366 Bitcoin. While this represents an 8% increase from the previous month, it is ...

Crypto Analyst Jason Pizzino Sees Bullish Structure for Bitcoin Amid Weakening US Dollar

Crypto analyst Jason Pizzino suggests that Bitcoin (BTC) is forming a bullish structure as the US dollar shows signs of weakness. He points to the key level of $28,400 for Bitcoin and notes that as long as the market holds up above this level, it seems like the beginning of an uptrend. Pizzino al ...

Economist Predicts ‘Monster’ Move for Bitcoin and Risk Assets Based on BTC/SPX Ratio

Economist Henrik Zeberg, specializing in macroeconomics, is foreseeing a significant move for Bitcoin (BTC) and other risk assets, characterizing it as a potential "monster" move. His analysis is centered around the BTC/SPX Ratio, an indicator that evaluates Bitcoin's performance relative to the S&a ...

Bitcoin Price Analysis for October: Historical Trends and Future Outlook

Bitcoin Price Analysis for October: What to Expect October historically has been a significant month for Bitcoin in terms of price action. On average, Bitcoin experiences a 17% price increase during this month, excluding the early and more volatile years of its existence. When examining pr ...

Bitcoin Price Undergoes Correction but Maintains Bullish Momentum

Bitcoin Price Experiences Technical Correction, but Bullish Momentum Persists The price of Bitcoin (BTC) recently made further gains and approached the resistance at $28,500. Following this, BTC underwent a corrective phase but has since found support at the $27,350 level. Bitcoin continued it ...

Crypto Analyst Warns of Potential 63% Bitcoin Crash

Nicholas Merten, a popular crypto analyst and host of DataDash, has warned of a potential Bitcoin (BTC) crash, suggesting that the cryptocurrency could plummet by nearly 63% to around $10,000. He attributes this potential crash to several factors, including declining market liquidity due to the Fede ...

Bitcoin’s Price Hovers Around $27,000 Amidst Short Squeeze

On September 29, Bitcoin (BTC) experienced price fluctuations, bouncing around the $27,000 level as it attempted to challenge the month's highest levels. Despite a short squeeze pushing it above $27,000, Bitcoin bulls failed to establish a new monthly peak. Bitcoin reached a high of $27,300 on Bi ...

Bitcoin Retests $26,000 Support as Market Awaits Key Events

Bitcoin (BTC) has begun the last week of September by retesting the $26,000 support level as the cryptocurrency continues to trade in a narrow range. Despite a relatively uneventful week in terms of macroeconomic events, Bitcoin faces potential market-moving events in the days ahead. The weekly c ...

Bitcoin’s Dominance Hits Yearly High: Implications for the Crypto Market

The recent resurgence in Bitcoin's dominance within the cryptocurrency market has raised several questions about its implications for the broader crypto landscape. Bitcoin dominance is a key metric, representing the proportion of the total cryptocurrency market capitalization held by Bitcoin. When B ...

Willy Woo Analyzes the Challenge to Bitcoin’s Growth Posed by Derivatives

In the world of Bitcoin analysis, prominent analyst Willy Woo has identified a significant obstacle that could impede the future growth of the leading cryptocurrency. Woo raises concerns about the rise of Bitcoin derivatives and the consequences it brings for the crypto market. Sharing insights w ...

Bitcoin Price Analysis: BTC Faces Resistance at $27,000, Bearish Trend Continues

Bitcoin's price is currently in a bearish trend after failing to clear the $27,500 resistance level. It has fallen below the $27,000 and $26,800 support levels, entering a bearish zone. A major bullish trendline was also broken with support near $26,800 on the hourly chart. The price is currently ...

“Bollinger Bands Indicator Signals Potential Upside Volatility for Bitcoin (BTC)

The Bollinger Bands indicator, created by John Bollinger, suggests that Bitcoin (BTC) could experience fresh upside volatility, potentially leading to a breakout. This conclusion comes after Bitcoin recently hit new highs for September and challenged resistance levels not seen since mid-August. T ...

Crypto Analyst Benjamin Cowen Predicts Continuing Struggles for Altcoins Against Bitcoin (BTC)

Renowned crypto analyst Benjamin Cowen believes that altcoins will continue to struggle against Bitcoin (BTC) in the near future. In a recent video, Cowen highlighted a bearish trend where altcoins face significant losses when measured against Bitcoin, particularly in the lead-up to Bitcoin halving ...

BTC Price Shows Signs of Recovery Amidst Persisting Challenges

BTC Price Shows Signs of Recovery, but Challenges Persist Bitcoin (BTC) price is showing signs of recovery after testing the $25,000 support level earlier in the week. Despite ongoing market concerns and low liquidity, some investors are cautiously optimistic about Bitcoin's potential to reach $2 ...

Rising Inflation in Turkey Spurs Interest in BTC and Stablecoins as Residents Seek Refuge

Inflation in Turkey has reached 44% And residents seek salvation in BTC and stabelcoins The Turkish lira fell by more than 20% against the dollar after the elections. Now $1 sells for 20 liras. Over the past decade, Turkish fiat has lost more than 90% of its v ...

Bitcoin (BTC) Attempts Bullish Breakout After Bounce from Support

Bitcoin (BTC) pushed back from May 25 support and avoided a bearish breakout. Now the price is trying to make a bullish breakout of the corrective pattern Despite the bullish breakout attempt, it is more likely that BTC will decline again to complete the correction and only then continue the uptr ...

Former BitMEX CEO Arthur Hayes Predicts High Volatility and Armageddon in Crypto and Global Politics

The famous crypto-philosopher expects high rate volatility It will coincide with global changes in global politics Former BitMEX CEO Arthur Hayes gave a new interview. He believes that 2023 will be marked by extremely high volatility for BTC. But the main cryp ...

Ethereum Shows Resilience Against the Dollar, Wave Analysis Suggests Bullish Outlook

The Ethereum (ETH) has been losing ground against the dollar for the past four weeks, but compared to bitcoin it's holding up quite well Wave analysis and indicator readings on the daily chart suggest that ETH will continue to outperform BTC, reaching its highest levels since 2018. ...

Bitcoin Price Breaks Bearish Pattern, Continues Falling: Technical Analysis Update

The bitcoin (BTC) price made a bearish breakout from a long-term pattern on May 10. After it turned into resistance on May 23, the rate of decline accelerated sharply Although a rebound may occur in the short term, price dynamics and wave analysis of the daily chart indicate that BTC is still a l ...

Elliptic Reveals Massive Network of Fentanyl Precursor Manufacturers Accepting Cryptocurrency Payments

Elliptic found 90 manufacturers willing to supply fentanyl precursors 90% of them accept cryptocurrency, mostly BTC They have received about $27 million in CA since the beginning of the year In China, fentanyl has been banned since 2019, but clandestin ...

Divergent Bitcoin Forecasts: Growth, Sideways Movement, or a Potential Fall?

BeInCrypto editorial staff decided to find out if BTC will continue to grow or the prolonged sideways movement will end with the next fall. To this end, we have collected in one review bitcoin forecast from members of the cryptocommunity The views of the crypto-industry on how BTC will behave ...

Glassnode Observes Narrowing BTC Trading Range Indicating High Short-Term Volatility

This is what Glassnode The figure is only 3.4% This could indicate high volatility in the short term The BTC trading range has narrowed to 3.4% according to Glassnode. Usually such market behavior indicates high volatility in the short term. The tr ...

U.S. Presidential Candidate Proposes “Fiat Currency Referendum” at Bitcoin 2023 Conference

Speaking at the Bitcoin 2023 conference in Miami, the U.S. presidential candidate suggested that the public turn the 2024 election into a "fiat currency referendum. Vivek Ramaswamy  showed the crowd a QR code that, when scanned, redirects users to a page with various paym ...

BitMEX to Send 1 BTC to the Moon in Historic Cryptocurrency Mission

Crypto exchange BitMEX announced that it will send a physical wallet with 1 BTC to the moon. The rocket itself is scheduled to launch from Kennedy Space Center this summer. Bitcoin, which has a public address and private key engraved on i ...

Bitcoin Market Value Declines as Mining Companies Sell Off Assets

Analysts at the CryptoQuant platform report that bitcoin sales by mining companies have led to a decline in the market value of the first cryptocurrency. Over the past 24 hours, miners sold about 1,750 BTC from their wallets at one time for about $47 million, which, accor ...

Bitcoin Network’s Hash Rate and Mining Difficulty on the Rise

The Bitcoin network's hash rate continues to grow, and with it, so does the difficulty of mining BTC. Whereas at the time of last recalculation the figure was down 1.45%, it is now up 3.22%, reaching 49.55 Tx. The recalculation of ...

Circle Rebalances USDC Collateral with $8.7 Billion Repo Deal, Involving Major Banks

This highly liquid position serves to protect reserves The deal involves major banks, including Goldman Sachs Circle has rebalanced the USDC token collateral again. The Black Rock Fund, which manages the asset reserves, has entered into several repurchase transac ...

Lightning Labs Updates Taproot Protocol to Ease Bitcoin Network Load

Lightning Labs has updated Taproot protocol It will allow the creation of BRC-20 tokens without network load Lightning Labs has proposed a solution to the growing load on the Bitcoin network. They've updated the Taproot Assets Protocol. ...

Bitcoin Faces Bearish Outlook as Breakout Levels Remain Unrecovered

May 11 bitcoin made a bearish breakout. Although the decline was halted and BTC rebounded, it was never able to recover above the breakout level If bitcoin (BTC) fails to recover anytime soon, the price decline could continue. Has the correction begun? As the results of technical analysis o ...

Bitcoin Whale Awakens: $3.5 Million in BTC Sent to Newly Created Segwit Address

He moved more than $3.5 million. 139 BTC were sent to the newly created Segwit address Coins the whale purchased back in 2011 On May 13, 2023, another bitcoin whale awoke and sent 139 BTC to the newly created Segwit address. He bought his bitcoins ...

Investors Seek Gold, Treasury Bonds, and BTC as Safeguards Amid Rising US Default Risk

It competes with gold and Treasury bonds But the traditional "hedge currencies," the yen and Swiss franc, have fallen far behind The risk of a technical default in the United States is gradually growing. If Republicans and Democrats do not agree on the debt limit ...

Historic Purchase: Image Sold for 500 BTC Confirmed as First Bitcoin Commodity Transaction

The story of an image sold for 500 BTC continues Some community members claim the transaction took place Hence, this is officially the first purchase of an item for bitcoins The story of a user trying to sell a JPEG image for 500 BTC in 2010 is gainin ...

Misunderstanding Causes Unverified Rumor About Silk Road Bitcoin Withdrawal

Organization says it's a mistake Silk Road BTC withdrawal not yet planned Misunderstanding arose due to user labels User misconfigured tracker, then started unverified rumor On May 10, Twitter user nickname "1kbeetlejuice" told his followe ...

Bitcoin (BTC) could face a sharp drop triggered by a potential bearish breakout

Bitcoin (BTC) has exhibited bearish momentum over the past few weeks, and now it could make a bearish breakout from a short-term pattern This breakout has the potential to trigger a sharp drop in BTC to levels it has not visited since early March. BTC: Resistance gets stronger ...

BTC mining difficulty drops by 1.45%

Since the beginning of the year, the figure has increased by 30% This was due to an influx of new miners and capacity But in 2 weeks, the difficulty dropped from 48.71 tons to 48.01 tons As analysts predicted, the new correction in BTC mining difficul ...

US Federal Reserve Raises Interest Rates Amid Bank Failures

The U.S. Central Bank has raised interest rates by 25 basis points The Fed's interest rate is now 5.25% The hike comes amid bank failures BTC has barely reacted to the decision The United States Federal Reserve is raising interest rates ag ...

Major Bitcoin Investors Increase Holdings by $1.8 Billion in April

According to April's Santiment Observer report, major bitcoin investors increased their holdings of assets in the first cryptocurrency by 64,000 BTC (about $1.8 billion). In their report, Santiment analysts point out: bitcoin whales have been aiming to replenish VTC stock ...

Trading Volume on Spot Crypto Market Drops 65% in April, According to Analysts

According to analysts of The Block, the trading volume on the spot cryptocurrency market collapsed by 65% in April of this year. Experts attribute the incident to the introduction of commissions on the Binance exchange. Total tradi ...

Payment Service Strike Adds API for BTC and USD Payments Over Lightning Network

This API is for BTC and USD payments It sends transfers directly to dollar bank accounts Payment service Strike has added new APIs that make dollar and BTC payments over the Lightning network easier and faster. "Strike APIs can ...

Coinbase Launches Cryptocurrency Derivatives Exchange

Ilon Musk is forcing tokens again This time he "heated up" the CULT rate The token price soared 84% in a few hours There is no visible connection between Musk and the Cult DAO Twitter CEO Ilon Musk published a new message on his page this ...

Coinbase Launches Cryptocurrency Derivatives Exchange

It comes amid an SEC crackdown The exchange will begin trading by listing BTC and ETH futures On May 2, Coinbase announced the launch of the Coinbase International Exchange (CIE), a cryptocurrency derivatives exchange. The CIE will begin trading this week by l ...

Lightning Labs Releases Update to Make Lightning Node Management Easier

Updates are aimed at making Lightning easier to use The developers have added commission management functionality The team at technology startup Lightning Labs has released an update to its Litd node management tool.. Customers will now be able to run Lightnin ...

Rising BTC Price Increases Cost of Mining in the US

But the price of 1 TH/s in dollars will also increase If the price of BTC continues to rise, most miners' shares will jump This year, the cost of mining one bitcoin in the US will rise from $5-10 thousand to $17 thousand. This follows a new report from analyst po ...

Bhutan’s Largest State-Owned Company, Druk Holding and Investments, Diversifies Investment Portfolio with Bitcoin Mining

Bhutan's largest state-owned company, Druk Holding and Investments, announced that it has been mining bitcoin for several years to diversify its investment portfolio.</div DHI CEO Ujjwal Deep Dahal said the company began showing interest in mining bitcoin when it was wor ...

Crypto Analyst Bluntz Believes Bitcoin Unlikely to Break $30,000 Level in Near Future

The trader who predicted the bottom of the bearish trend for the bitcoin market in 2018 believes the leading cryptocurrency is unlikely to break the $30,000 level in the foreseeable future. A crypto analyst nicknamed Bluntz told his audience that bitcoin's rise is probably ...

PayPal’s Venmo Payment Service to Offer Cryptocurrency Transfers

PayPal's Venmo payment service, which has over 60 million customers in the U.S. alone, will add the ability to transfer in cryptocurrency. Users of PayPal's parent platform received a similar opportunity last June. PayPal clients can work with BTC, ETH, BCH and LTC, but the ...

Miner’s Financial Struggles in 2022 Due to BTC Depreciation

The firm attributed this to the depreciation of BTC The company only stayed afloat because of the agreement with Galaxy Digital In Q1 2023 a miner was mining an average of 5.5 BTC per day Last year was difficult for exchanges, lenders and miners alike ...

False Alert by Analytical Service Arkham Causes BTC Price Drop

According to a recent report by Arkham, a false alert was mistakenly issued regarding the transfer of BTC from US government wallets and the now-defunct MtGox crypto exchange. This erroneous message led to a rapid decrease in BTC prices on April 26, with the cryptocurrency dropping by 7% in under ...

Bitcoin (BTC) Forms Bearish Candle and Breaks Short-term Pattern

Bitcoin (BTC) fell sharply, forming a bearish candle from last week and making a bearish breakout from a short-term pattern As thought, bitcoin formed a local top and triggered a significant correction. However, yesterday BTC began to rebound. Here's how it could affect the long-term dynamics ...

Factors Expected to Push Bitcoin to $100,000 by End of Next Year

This was made possible by the banking crisis in the U.S. and the reduction of pressure from the Federal Reserve As a result, BTC capitalization is expected to increase by 50-60% If this trend continues, the asset will pass the $100,000 level by the end of next yea ...

PlanB predicts 1800% increase in Bitcoin rate after 2024 halving

PlanB, a renowned pseudonymous analyst known for creating the Stock-to-Flow model, has predicted a significant surge in the value of Bitcoin in 2024. This prediction is based on the upcoming halving of the cryptocurrency, which is the process of reducing the reward for mining a block by miners. ...

Gemini Unveils New Derivatives Trading Platform for Non-US Users

Gemini, a leading cryptocurrency exchange, has announced the launch of a new derivatives trading platform, which will be accessible to users across several countries worldwide. The platform's first product will be a perpetual contract for BTC paired with the Gemini stablecoin (GUSD). Later on, th ...

BTC Drops for Third Day as Market Sentiment and US Fed’s Rate Hike Plan Takes Toll

Experts in the cryptocurrency market attribute the recent three-day decline in the price of Bitcoin to excessively positive market sentiment and the announcement of a potential interest rate hike by the US Federal Reserve. According to CoinGecko, Bitcoin's market price has continued to drop for t ...

Bitget Launches New Online Service Allowing Purchase of Cryptocurrencies with VISA and Mastercard

Bitget, one of the leading crypto derivatives trading and copy trading platforms, has unveiled an innovative online service that allows users to purchase cryptocurrencies using VISA and Mastercard. This new solution is set to revolutionize the way users deposit fiat liquidity into the platform fo ...

Cryptocurrency Analyst Predicts 54% Increase in Bitcoin Value

According to InvestAnswers, a well-known anonymous cryptocurrency analyst, the rate of Bitcoin is expected to rise by 54% in the near future, potentially reaching $45,000. This prediction is based on a chart provided by K33, a research company that compares the current be ...

Total2 Altcoin Capitalization Faces Liquidation and Bearish Trends

A tsunami of liquidations to the tune of $125 million swept through the crypto market. Altcoin capitalization (TOTAL2) fell sharply this week, losing most of its gains the week before The market has been downgraded ...

BTC Dominance Index Falls as Long-Term Investors Move to Altcoins

Bitcoin has been above the round $30,000 mark for almost a week, but has now slipped below it.. Perhaps this is due to the BTC dominance index and the behavior of long-term investors According to the results of the 1st quarter of 2023, Bitcoin (BTC) became the most effective asset, having strengt ...

James Zhong Sentenced to Prison for Stealing over 51,000 BTC from Silk Road

James Zhong was sentenced to a year and a day in prison by the Southern District of New York court due to his involvement in criminal activities related to the theft of over 51,000 BTC from the infamous Silk Road marketplace. In 2012, Zhong was able to hack the Silk Road's withdrawal processing s ...

Bank of America Analysts Notice Strong Bitcoin Outflows from Crypto Exchanges to Personal Wallets

Bank of America analysts have recently observed a noteworthy trend in the cryptocurrency market. Over the last week leading up to April 4th, there has been a substantial outflow of bitcoins from crypto exchanges to users' personal wallets, amounting to $368 million in total, according to a report ...

Analysts Expect Bitcoin to Surpass $30,000 This Week

Several analysts of the cryptocurrency market at once expect an increase in the cost of bitcoin above $30,000 this week. Bitcoin analyst Willy Woo shared macro indicators on Twitter, confirming, in his opinion, the uptrend of the first cryptocurrency in terms of capitaliz ...

Glassnode Report Shows Almost Half of Total Bitcoins Dormant for Over Two Years

Glassnode recently released data indicating that almost 50% of the total volume of bitcoins has been withdrawn from circulation and has remained dormant for over two years. This amounts to roughly 9.45 million BTC, which at current prices is worth approximately $270 billion. Additionally, near ...

Bitcoin (BTC) Long-Term Outlook Remains Bullish, Short-Term Trend Uncertain

Bitcoin (BTC) is showing solid bullishness on long-term timeframes, although short-term trend direction remains less certain The results of the technical analysis of the daily timeframe show that bitcoin is giving conflicting signals. On the one hand, BTC made a bullish breakout of the $24,800 ...

Asset Management Firm Founder Believes Era of Getting Rich with BTC is Over

The CEO of Aike Capital, a prominent asset management firm, has shared his belief that the era of profiting from Bitcoin investment is over. Alex Krüger recently tweeted that investors who hope to get rich from BTC investments are out of luck, as that "ship has sailed." Krüger went on to expla ...

General Bytes Announces Refund Plan for Victims of Crypto ATM Hack

General Bytes, a manufacturer of crypto ATMs, has recently announced that they are prepared to reimburse users who were affected by the recent security breach. This breach occurred when hackers were able to gain access to customers' hot wallets by downloading malicious Java applications onto cryp ...

Telegram Messenger Users Can Now Send and Receive Stablecoins USDT, BTC, and TON

Telegram messenger users can now exchange, buy, sell, and transfer Tether (USDT) stablecoins for free directly within their chats. To top up their USDT balance, they only need to click "Get" in the bot's interface's main menu. Adding the bot to the attachment menu enables users to send USDT by cl ...

Bitcoin Forecast for March: Technical Analysis Points Towards a Correction

Bitcoin (BTC) is expected to undergo a correction phase after a prolonged period of growth, possibly lasting through the entirety of March and even beyond. Technical analysis of the weekly BTC chart paints an encouraging picture for several reasons. Firstly, Bitcoin has broken out of a long-term ...

BingX partners with Mercuryo to offer Cryptocurrency Purchase through multiple Payment Methods

BingX users are set to enjoy the convenience of purchasing cryptocurrency through Mercuryo, a global payment infrastructure platform. With a variety of payment methods available, including Visa and Mastercard credit and debit cards, Apple Pay, and Google Pay, users can seamlessly complete transactio ...

Dual-Currency Investments: A Simple and Effective Way to Profit fro Cryptocurrencies

Dual-currency investments offer a unique opportunity to invest in crypto assets by allowing the user to buy or sell at predetermined prices and times. This investment strategy can yield higher rewards, regardless of market direction. Cryptocurrencies have gained popularity as a profitable investm ...

Investor robbed and forced to transfer $284k in BTC on Bali island

Yuri Boytsov, an investor who has been residing on Bali island for several months, has reported a harrowing incident of robbery at his villa. Boytsov was held up by four assailants, one of whom was dressed as a police officer, while the other two were Caucasian men and the fourth was wearing a balac ...

Trader made a new forecast that previously predicted the fall of cryptocurrencies

DonAlt suggests that the BTC uptrend looks like a repeat high and low. When each subsequent peak is higher, this can be called a sign of a continuation of the trend.At the end of 2022, a Crypto analyst accurately predicted the bottom of the crypto market. Gave forecasts for the new year, updated his ...

Do not trust Algorand Rally (ALGO) for what reasons

  The price of the ALGO token of the Algorand project in November 2021 captured its historical maximum at the level of $2990 and since then there has been a decrease, moving under a small resistance line. The price hit a low of $0.16 and has since started the current uptrend.   Wh ...