Cryptocurrency

The rising operational costs and lower rewards are taking its toll on Bitcoin miners but it isn’t at catastrophic levels by any means, according to a cryptocurrency analyst. “We are in a period of hash ribbon inversion, and blocks are coming in about 14 seconds slower than they should do. hat tells you that there […]

Coinbase is currently holding around 4% of the Bitcoin (BTC) in circulation, according to the blockchain analytics platform Glassnode. Per Glassnode, the top US crypto exchange has approximately 839,000 BTC in its custody. “Coinbase as an entity holds a vast fraction of both aggregate exchange balances, as well the US spot exchange-traded funds (ETF) balances […]

Bitcoin short sellers are probably crossing their fingers in hopes the asset won’t return to $70,000 in the near term, with a huge amount of liquidations at risk if it does. CoinGlass data shows a staggering $1.67 billion of short positions will be liquidated if Bitcoin returns to $70,000 — a price level it has been trading […]

MicroStrategy Inc. bought approximately $786 million in Bitcoin with the proceeds raised from the sale of convertible notes. The company acquired 11,931 Bitcoin between April 27 and June 19, according to a filing Thursday with the US Securities and Exchange Commission. This is MicroStrategy’s third largest acquisition of Bitcoin following its $821 million purchase of […]

U.S. spot Bitcoin ETFs have witnessed net outflows of almost $300 million in the past two days. The Bitcoin price has successfully reclaimed the $65,000 mark after it sank down towards $64,000 yesterday. The leading cryptocurrency is seemingly range bound between $65,500 and $64,000, according to analysts. Bitcoin’s short-term price movement will thus likely remain […]

Bitcoin’s (BTC) price continued its correction on June 18, dropping 1.41% and 6.5% over the last 24 hours and seven days, respectively. Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin dropped to a one-month low of $64,237 after losing the key support provided by the psychological $65,000 level. BTC/USD daily chart. Source: TradingView Similarly, the total market […]

The Bitcoin exchange reserve, the total amount of Bitcoin available on exchanges, has dropped to a 3-year low, according to data from June 19, 2024. Analytics from CryptoQuant revealed that there are currently 2,825,703 Bitcoin left on exchanges. During January 2024, the Bitcoin exchange balance hovered at around 3,039,000. Low exchange reserves, sometimes called exchange […]

Bitcoin’s (BTC) price continued its correction on June 18, dropping 1.41% and 6.5% over the last 24 hours and seven days, respectively. Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin (BTC) dropped to a one-month low of $64,237 after losing the key support provided by the psychological $65,000 level. BTC/USD daily chart. Source: TradingView Similarly, the total market capitalization has […]

Bitcoin is still “largely profitable” despite months of sideways BTC price action, says new research. In the latest edition of its weekly newsletter, The Week On-Chain, published on June 18, analytics firm Glassnode dispelled myths over investors’ unrealized losses. BTC price analysis flags “investor boredom and apathy” Bitcoin may be trading within a rigid corridor, but the […]

Bitcoin fell with the broader cryptocurrency market on Tuesday amid concerns about the global economy and lower summer liquidity. The price of bitcoin was last lower by 3% at $64,680.44, according to Coin Metrics, dipping under $65,000 for the first time since May 16. Earlier in the day, it fell as low as $64,347.91. Ether lost 4% […]