Cryptocurrency

The House voted to pass a measure aimed at overturning a controversial Securities and Exchange Commission bulletin that establishes certain accounting standards for firms that custody crypto. The House voted 228-182 on Wednesday, with mostly Republicans in favor of the measure. Twenty-one Democrats voted for it. The bulletin, which was first published in 2022, has […]

Bitcoin eyed a test of range lows on May 8 as analysis complained of post-halving “boredom.” BTC/USD 1-hour chart. Source: TradingView BTC price sags toward range bottom Data from Cointelegraph Markets Pro and TradingView showed BTC price momentum heading to $62,000 during the Asia session. Bitcoin had managed a rebound beyond $65,500 days prior, and its subsequent 5% retracement left BTC/USD […]

Cryptocurrencies are still stuck in a corrective phase, but a wave of supply events worth billions of dollars could further delay any meaningful recovery. “A rapid succession of nearly $2 billion of token unlocks during the next ten weeks could lower the market for altcoins,” crypto analytics firm 10x Research noted in a Wednesday report. […]

Now that investor inflows into spot Bitcoin ETFs are slowing, it could be time to rethink future price forecasts for Bitcoin. For the first four months of the year, Bitcoin‘s (CRYPTO: BTC) investment thesis focused on the launch of the new spot Bitcoin ETFs in January. That made a lot of sense since they represent a potentially […]

According to a 13F-HR filing on May 7, quantitative trading firm Susquehanna International Group purchased more than $1 billion worth of shares of Bitcoin exchange-traded funds (ETFs) in the first quarter of 2024. The firm disclosed to the Securities and Exchange Commission ownership of 17,271,326 shares in the Grayscale Bitcoin Trust (GBTC), with a market value of […]

Bitcoin exchange inflows are plumbing lows not seen in nearly a decade, the latest data shows. Figures from on-chain analytics platform CryptoQuant show daily BTC inflows declining significantly since Bitcoin’s $73,800 all-time highs. Bitcoin exchange inflows channel 2014 levels Bitcoin traders are in no mood to keep coins available for quick sale on exchanges. According to CryptoQuant, […]

A dormant Bitcoin address dating back to the era when Satoshi Nakamoto was still active has woken up after 10 years. The Bitcoin wallet containing 687 BTC ($43.9 million) transferred its holdings to two different wallets on May 6. The wallet first transferred 625.43 Bitcoin to an address starting with “bc1qky” and 61.9 BTC to “bc1qdc.” […]

Bitcoin starts a new week with bullish sentiment back on the radar as $64,000 returns. In a stirring comeback, BTC price action has managed to leave its latest swing lows far behind it, gaining nearly $8,000 versus the pit of last week’s sell-off. Despite some of those gains coming during the weekend, they proved to have […]

Bitcoin’s price tagged $65,000 during the early Asian trading session on May 6 as the 50-day exponential moving average (EMA) held as BTC’s immediate support. Data from Cointelegraph Markets Pro and TradingView showed that the BTC/USD pair turned up from lows of $63,340 on May 6, rising 3.45% to an intra-day high of $65,523. BTC/USD daily chart. Source: TradingView BTC […]

The Bitcoin network has processed its one billionth transaction — marking a huge milestone moment for the network 15 years after its creation. Clark Moody’s Bitcoin dashboard shows that transaction 1,000,000,000 was processed in block 842,241 at 9:34 pm UTC on May 5. Total number of transactions processed on the Bitcoin network. Source: Clark Moody It comes 15 years, four […]