Cryptocurrency

Bitcoin BTC$64,937 recovered sharply from the drop below $60,000 during the week, but the buyers are struggling to sustain the higher levels. Buying on dips and selling on rallies signals the formation of a tight range in the near term. A minor positive is that lower levels are showing solid demand. After three days of outflows, United […]

James Howells is suing Newport City Council after a decade-long fight to recover a hard drive containing 7,500 bitcoins, now worth nearly $500 million, mistakenly dumped in 2013. The council has repeatedly denied excavation requests, citing environmental concerns. Howells claims the data is recoverable. Council Sued Over Lost $500M Bitcoin Hard Drive James Howells, an […]

Rich Dad Poor Dad author Robert Kiyosaki predicts a catastrophic stock market crash and the collapse of “The Everything Bubble,” warning that gold, silver, and bitcoin will nosedive, triggering a global depression. He urges investors to brace for financial turmoil, saying only the prepared will emerge wealthier from the ruins. “Take bitcoin for example… it may […]

Bitcoin BTC$62,911 climbed to multi-day highs on Oct. 12 as markets mimicked last weekend’s dubious upside. BTC/USD 1-hour chart. Source: TradingView BTC price grills resistance below key barrier Data from Cointelegraph Markets Pro and TradingView showed BTC price action nearing $63,500, up 1.5% on the day — similar behavior to the weekend prior. BTC/USD made strong progress during the Oct. 11 Wall Street […]

Bitcoin looks wobbly as the US government prepares to auction off 69,370 bitcoins seized from the Silk Road marketplace. The cryptocurrency market is teetering on the brink of a potential downturn as the US government clears the final legal hurdles to auction off 69,370 bitcoins seized from the defunct Silk Road marketplace. This massive stockpile, […]

Mt. Gox, once the world’s largest Bitcoin exchange until it shut down in 2014 following a series of hacks, has started paying back the billions of dollars in BTC owed to customers. But its deadline for finishing that process has now been delayed, and the price of Bitcoin has been climbing since. Bitcoin is now […]

As Bitcoin continues its prolonged consolidation phase, Ki Young Ju, Founder and CEO of CryptoQuant, has warned that if no Bitcoin (BTC) bull market emerges within the next two weeks, this year will mark the longest sideways movement in a halving year in the cryptocurrency’s history. His comment comes 285 days into 2024, a year […]

What happened to “Uptober” for Bitcoin? Despite being 10 days into October—a month famed by investors for rising crypto prices in the past—the price of the leading asset is struggling. Bitcoin’s price dropped below $60,000 per coin Thursday afternoon New York time, even briefly dipping below the $59,000 mark. It now stands at $59,810. The […]

Bitcoin declined by 5.3% between Oct. 9 and Oct. 10, reaching a three-week low of $58,900. The market correction began after the United States reported higher-than-anticipated consumer inflation data, suggesting traders are concerned that the Federal Reserve has less incentive to continue cutting interest rates in the near future. The Bitcoin BTC$60,858.00 reaction reflects investor views that […]

Metaplanet Inc., the Tokyo-listed firm known for its aggressive foray into Bitcoin (BTC), announced on Friday that it had acquired an additional 108.999 Bitcoin for ¥1 billion (US$6.5 million). Its latest purchase brings the company’s total Bitcoin holdings to 748.502 BTC, reinforcing its long-term bet on the leading crypto. Yet, Metaplanet’s Bitcoin acquisition strategy goes beyond simple spot purchases. The […]