Cryptocurrency

Bitcoin circled $69,000 on June 8 as traders licked their wounds from a snap sell-off. BTC/USD 1-hour chart. Source: TradingView Bitcoin, Ether stay lower after flash crash Data from Cointelegraph Markets Pro and TradingView showed Bitcoin price behavior stabilizing into the weekend. The largest cryptocurrency had endured sudden volatility at the prior Wall Street open thanks to what was labeled “schizophrenic” […]

Exceeding expectations is nothing new for Bitcoin. Over the last 15 years, Bitcoin (BTC -0.07%) has already surpassed nearly every projection, estimate, and expectation. In just over a decade, the cryptocurrency has grown from just a few pennies per digital coin to more than $50,000 by 2021, taking the world by storm. With its price […]

Crypto’s culture encourages investors to “HODL,” or hold on for dear life, in the rollercoaster ride of bitcoin ’s extreme fluctuations. But this long-prized practice may diminish as adoption of ETFs grows, particularly if traditional investors who are accustomed to rebalancing their portfolios regularly add in bitcoin exposure. The cryptocurrency has become increasingly institutionalized in […]

The Bitcoin network is currently experiencing a sharp increase in network fees driven by 332,000 unconfirmed transactions as of 12:05 pm Eastern Time on June 7. Network fees at the time hit 514 sats for high-priority transactions and 513 sats for low-priority transactions, with prices climbing to around 520 sats per transaction earlier in the […]

Bitcoin saw flash downside volatility into the June 7 Wall Street open as United States payrolls data surprised markets. BTC/USD 1-hour chart. Source: TradingView Bitcoin wobbles on highly mixed U.S. jobs data Data from Cointelegraph Markets Pro and TradingView showed a $1,300 BTC price dip within a single hourly candle before a rebound entered. Bitcoin joined a knee-jerk reaction to […]

Bitcoin is on the verge of entering a “parabolic run” fueled by increasing inflows into United States spot Bitcoin (BTC) exchange-traded funds (ETFs), according to crypto analysts. Spot Bitcoin ETFs have witnessed positive flows for 19 straight days, with close to $1.7 billion coming this week alone, according to data from Farside Investors. Analysts say if […]

Stablecoin issuer Tether now controls 25% of shares for Bitcoin miner Bitdeer, according to a recent U.S. Securities and Exchange Commission filing. That makes the company behind Tether (USDT) the second-largest shareholder of the BTC miner’s shares, behind Victory Courage Ltd., which is registered to Bitdeer CEO Jihan Wu. Before being appointed in March 2024, […]

A key technical chart pattern suggests that Bitcoin’s price could be headed to the $85,000 mark, but the world’s first cryptocurrency needs a weekly close above $71,300 to confirm more upward momentum. Wyckoff pattern targets $85,000 Bitcoin price Technical analysis using the Wyckoff method points to a potential Bitcoin price breakout to the $85,000 mark, according to crypto […]

US exchange-traded funds investing directly in Bitcoin attracted net inflows for an unprecedented 18th straight day, a spurt of demand that has helped to lift the largest digital asset toward a record high. Net subscriptions for the group of almost a dozen products stood at $15.6 billion through Thursday following a Jan. 11 launch, taking […]

Nearly $100,000 in BTC was vaporized on invalid Rune Protocol mints, according to Bitcoin Ordinals and Runes explorer Ord.io. On Wednesday, the specialized tracker tweeted that 1.365 BTC (worth approximately $97,662) was lost by users attempting to mint Rune 777, also known as LEEROY JENKINS. Runes is a fungible token protocol on the Bitcoin network […]