The head of Web3 infrastructure at Deutsche Telekom subsidiary T-Systems MMS announced on stage at the BTC Prague conference that the company, which already operates nodes for several networks including Bitcoin, Bitcoin Lightning, Ethereum, and more will soon mine Bitcoin as well. Deutsche Telekom, the German-based telecommunication provider that ranks as the largest in Europe, […]
Cryptocurrency
Bitcoin whale watching is ‘useless’ for information — Traders
Tracking the wallet movements of Bitcoin whales — a Bitcoin holder with a significant stake compared to smaller investors — will not lead to “true alpha,” according to traders, despite the metric used as a popular way to speculate on market sentiment for some time. “Don’t whale watch kids, it’s not useful information,” onchain analysis […]
Bitcoin Plunges to $65K, Altcoins Bleed 10%-20% as Week Turns Ugly
What looked like prime time for crypto assets on softening inflation data has turned into an ugly week with bitcoin (BTC) tumbling to its weakest price in four weeks on Friday. BTC tumbled more than 2% in an hour to $65,100 during the U.S. trading session from around the $67,000 area. The leading crypto was down 7.5% […]
“Crypto-Breakthrough” Bill Could See Bitcoin, Ethereum, and BlockDAG Network Prices Skyrocket “Very Soon”
Bitcoin and other major cryptocurrencies, including Ethereum and XRP, have surged in 2024 after hitting their lowest points in 2022. The Bitcoin price has rebounded to its previous all-time high of around $70,000 per BTC and could potentially surge further to anywhere between $100,000 to $150,000 as traders and analysts are noticing a bullish price […]
3 reasons why Bitcoin analysts believe BTC price recovery is overdue
Bitcoin’s price is down 6.5% over the last seven days and is currently trading 10% below its all-time high of $73,835 reached on March 14. BTC/USD daily chart. Source: TradingView Despite this performance, the technical setup, positive investor interest and onchain data make Bitcoin analysts believe that a trend reversal into an exponential uptrend could be in […]
Biden’s Nonsensical Proposed 30% Tax Would Kill Bitcoin Mining in the U.S.
The Biden administration recently re-introduced a proposed that would place a 30% tax on all “cryptocurrency miners” – a move that represents an ideological witch hunt against a rapidly growing industry (see my previous comments). The move, part of the government’s budget proposal for the upcoming fiscal year introduced in March, is in stark contrast […]
Traders: Bitcoin price needs “fresh all-time highs” to end pump-and-dump cycles
Bitcoin bears have been selling on every rally over the last few months, and analysts believe that a liquidity boost fueled by BTC’s “fresh all-time highs” will help break the cycle. “Market is in need of a big liquidity boost,” pseudonymous crypto trader Daan Crypto Trades wrote in a June 13 post on the X social media […]
MicroStrategy plans $500M stock sale to buy more Bitcoin
MicroStrategy has announced its intention to offer $500 million in convertible senior notes due in 2032. The private offering to qualified institutional buyers would adhere to Rule 144A of the Securities Act 1933 and is “subject to market conditions and other factors.” “The notes will be unsecured, senior obligations of MicroStrategy and will bear interest […]
U.S. CPI Was Flat in May, Beating Expectations; Bitcoin Rises to $69.2K
The U.S. Consumer Price Index (CPI) was flat in May, beating economist forecasts for a 0.1% rise and down from 0.3% in April. On a year-over-year basis, CPI was up 3.3%, compared to analyst forecasts and the previous month’s reading at 3.4%. The core CPI, which excludes food and energy costs, rose 0.2% in May, […]
BTC price shoots up $1.5K in seconds as US CPI shows inflation slowing
Bitcoin spiked higher into the June 12 Wall Street open after United States inflation data delivered a surprise drop. BTC/USD 1-hour chart. Source: TradingView CPI fuels sudden 3% BTC price surge Data from Cointelegraph Markets Pro and TradingView captured a snap BTC price surge to $69,636 on Bitstamp. Bitcoin gained $1,500 in seconds as the May print of the […]