Cryptocurrency

Two mysterious Bitcoin (BTC) wallets holding a combined 1,000 Bitcoin — worth $61 million at current prices — have suddenly awoken after a 10-year hiatus, transferring out almost every single satoshi. Wallet address “16vRq…qjzEa” transferred out its 500 Bitcoin at block 843,131 on May 12 at 7:10 pm UTC, while the other 500 Bitcoin was sent by address “1DUJuH…NgfC5” two blocks […]

Bitcoin is replicating the same path as it did after the 2016 Bitcoin halving event, with one indicator signaling it may be nearing its local bottom and another indicating it reaching $350,000 during “the peak” of this cycle, according to crypto traders. “Bitcoin has repeated 2016 history perfectly, offering a downside wick below the bottom […]

Bitcoin’s volatility in the annual timeframe has dropped below that of top tech stocks, including Tesla, Meta, and Nvidia, signaling its growth toward becoming a more mature and stable asset class. Bitcoin becomes more stable than many S&P 500 stocks As of May 11, Bitcoin’s 1-year realized volatility, which represents the standard deviation of returns from […]

In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period was $126.7 million. Gary A. Vecchiarelli, the CFO of Cleanspark, partially attributes the company’s “record-breaking” performance to the surge in bitcoin prices. Impact of Bitcoin […]

Bitcoin price fell over $2,000 in an hour on May 10 as a sudden wave of volatility disrupted an otherwise quiet market. Data from Cointelegraph Markets Pro and TradingView showed that leveraged long traders were caught offside as BTC price suddenly dropped from a high of $63,494 on May 10 to an intra-day low of $60,308. BTC/USD 1-hour chart. […]

The price of bitcoin (BTC) fell sharply in the U.S. morning hours Friday, reversing a move that had seen the world’s largest crypto climb as high as $63,500. As good of an excuse as any for catalysts were disappointing U.S. economic data and hawkish remarks from Dallas Fed President Lori Logan. The University of Michigan Consumer Sentiment […]

United States-based financial company JPMorgan Chase has disclosed investments in Bitcoin exchange-traded funds offered by Grayscale, ProShares, Bitwise, BlackRock and Fidelity. In a May 10 filing with the U.S. Securities and Exchange Commission (SEC), JPMorgan Chase reported it held roughly $760,000 worth of shares of the ProShares Bitcoin Strategy ETF (BITO), BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s […]

Whenever Bitcoin’s price action exhibits significant corrections, analysts and traders are quick to search for a reason, often pointing fingers at derivatives markets where bears allegedly exploit futures contract liquidation levels or anticipate increased profits from weekly BTC options expiries. Such talk has been on the decline recently, thanks to Bitcoin’s range-bound price action, but now […]

For the past two months, Bitcoin (CRYPTO: BTC) has lived up to its reputation as one of the most volatile assets in the world. After hitting a new all-time high of $73,750 in mid-March, Bitcoin quickly dropped below $57,000 by the end of April. For now, Bitcoin has recovered nicely to the $62,000 level. But questions still remain about where […]

Bitcoin price is down 1.85% over the last 24 hours and currently trades 17% below its all-time high of $73,835 reached on March 14. BTC/USD daily chart. Source: TradingView Despite this performance, the technical setup, whale activity and on-chain data show that Bitcoin traders believe a trend reversal toward news highs could be in the making. Bitcoin […]