Category: Bitcoin

Blockchain analytics firm Glassnode is weighing in on the potential for a second Bitcoin panic sell-off following the flagship crypto asset’s 50% collapse from its all-time high of $64,802. In their weekly letter, Glassnode says that the amount of realized losses that occurred during the recent crash eclipsed all other capitulation events in Bitcoin’s history,

The price of Bitcoin surged higher on May 26, breaching the $40,000 level for the first time in five days as traders brushed aside concerns about China’s crypto ban and the United States’ crypto tax proposal. The benchmark cryptocurrency reached an intraday high of $40,855 before turning lower owing to profit-taking sentiment. In the meantime, analysts

Investment banking goliath Goldman Sachs says that Ethereum (ETH) will likely beat Bitcoin (BTC) as a store of value. Excerpts from the bank’s research paper shared by Santiago Roel Santos, general partner at blockchain-focused investment firm ParaFi Capital, highlights Ethereum’s fundamental advantages over Bitcoin. “Given the importance of real uses in determining store of value,

A major advertising industry organization in the United Kingdom has ruled on an ad campaign telling people “it’s time to buy” Bitcoin (BTC). The Advertising Standards Authority, a self-regulating ad organization, officially halted an advertising campaign by cryptocurrency exchange Luno for being misleading and irresponsible. “The ads must not appear again in the form complained

China has ramped up efforts to quash cryptocurrency mining in its Inner Mongolia region by introducing new penalties for those caught engaging in the illegal activity. Officials unveiled new draft rules that would see harsher punishments applied to those caught mining Bitcoin (BTC) and other cryptocurrencies, per a report by the South China Morning Post.

MicroStrategy CEO Michael Saylor reveals that he hosted a meeting with Tesla chief Elon Musk and the executives of eight North American crypto mining companies to discuss the environmental impact of Bitcoin (BTC). In a new tweet, Saylor says that during the discussion, the parties agreed to form the Bitcoin Mining Council that will focus

The current cryptocurrency market scenario is only for traders that have an extremely high appetite for risks. But for the weak-hearted ones, analysts advise patience and caution ahead. The outlook stands tall for Bitcoin (BTC) and Ether (ETH), the top cryptocurrencies by market capitalization that more or less behave as locomotives for the rest of

The price of Bitcoin (BTC) has surpassed $40,000 on May 26, breaking above a key sell area for the first time in five days. Traders expect a broader rally to come and a bullish market structure to form if Bitcoin continues to rise above $42,000 and Ether (ETH) reclaims $3,000.  BTC/USD (orange) and ETH/USD (blue)

Billionaire investor and famed hedge fund manager, Ray Dalio, has stated he would prefer to purchase BTC over bonds during a recent interview at crypto conference Consensus. Speaking on May 6 in an interview that was aired on Monday, May 24, the co-chairman and co-CIO of Bridgewater Associates describe Bitcoin as a superior instrument for

The fallout from this month’s violent crypto market meltdown appears to have flowed into the stock markets, with publicly listed firms with exposure to crypto assets seeing significant losses during May. The month saw Bitcoin (BTC) and other leading cryptocurrencies crash by at least 50%, with BTC plummeting from roughly $60,000 on May 10 to