Cryptocurrency

Bitcoin’s price has cemented its position slightly above its key support level of $65,000, and crypto traders believe that its formation is holding strong. Some are even doubting the speculations of a deep correction in the near future. “Bitcoin is holding up the price so strongly that I don’t think there will be a deep […]

Bitcoin still has the potential to make you a crypto millionaire. But it’s not as easy as it once was. According to the latest Crypto Wealth Report from Henley & Partners, there were 40,500 Bitcoin (BTC 0.34%) millionaires in the world at the end of last year. That’s more than any other cryptocurrency, and it’s not even close. So we know […]

More than 600 firms have unveiled substantial investments in spot Bitcoin exchange-traded funds (ETFs) in their 13F filings submitted to the United States Securities and Exchange Commission (SEC) over the past week. According to the disclosed data, professional investment firms have declared ownership of Bitcoin ETFs amounting to a staggering $3.5 billion. Millennium Management emerges as the […]

Bitcoin kept up the pressure on overhead liquidity on May 17 as analysis eyed a new golden cross on lower timeframes. BTC/USD 4-hour chart. Source: TradingView Bitcoin chart bull signals stack up Data from Cointelegraph Markets Pro and TradingView showed BTC price action lingering near its highest levels since mid-April. Liquidity at $67,000 and above remained a force containing […]

Bitcoin drove some crypto stocks higher. Some portions of the crypto market came to life this week, led by Bitcoin (BTC 0.96%). The token with the largest market cap in the world was driven by a resurgence in risk-taking this week following a few weeks of uncertainty around geopolitics and the Federal Reserve’s next move. […]

Bitcoin price watchers are scrutinizing charts top to bottom, but one analyst says there’s little point until the cryptocurrency gets closer to its all-time high again. “It’s the breakouts that are exciting, so until we have a breakout, analyzing the charts will be pretty futile,” Quantum Economics founder Mati Greenspan explained to Cointelegraph. He claimed there […]

Bitcoin mining is now in the hands of the few. Well-known mining pools have seized overwhelming power, which poses an existential threat to the world’s first digital asset. It’s the logical outcome of a design flaw by Satoshi Nakamoto. Unfortunately, Bitcoin mining has always tended towards centralization. Bitcoin miners could once mine blocks with CPUs on personal […]

Shares of Coinbase dropped nearly 8% to $202.49 during U.S. morning hours on Thursday after a Financial Times report that the Chicago Mercantile Exchange (CME) might soon offer spot bitcoin trading amid strong interest from clients. Cryptocurrencies were up on the day. The CoinDesk 20 Index, which tracks 20 of the largest digital tokens by […]

Bitcoin gained 8.4% between May 15 and May 16, peaking at $66,750, which was the highest level in three weeks. Even though Bitcoin stabilized near $65,000, this price change marks a turnaround after BTC retested the $57,000 support on May 1. However, these gains were not enough to instill bullishness according to Bitcoin derivatives metrics. […]

El Salvador has mined a total of 474 Bitcoin worth $29 million using volcanic geothermal energy since 2021. The Bitcoin was mined with power from the country’s Tecapa volcano, using 300 mining processors. The country has allocated 1.5 megawatts (MW) to cryptocurrency mining out of the 102 MW produced by the state-owned power plant, according to Reuters. In the […]