Category: Bitcoin

Bitcoin (BTC) fell to sudden lows of $52,000 on April 18 in a timely reminder of how price action often follows hash rate.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView China, US rumors lead the BTC sell-off Cointelegraph Markets Pro and TradingView showed a brutal hour for Bitcoin bulls everywhere early on Sunday as the market

The crypto markets are reeling amid rumors that the U.S. Treasury Department may soon accuse a number of financial institutions of using digital assets to launder money. The popular Twitter account FXHedge was first to cover the potential move from the agency, sending an alert out to 122,700 followers. The tweet, which cites unnamed sources,

The junior U.S. Senator from Wyoming, Cynthia Lummis (R-WY), is calling Bitcoin a solid store of value that is capturing the attention of mainstream investors. In a MarketWatch interview, Sen. Lummis cites the Coinbase initial public offering (IPO) and Tesla’s $1.5 billion investment in Bitcoin as evidence of the flagship cryptocurrency reaching mass adoption. “We’re

The price of Bitcoin (BTC) declined below $60,000 on April 17 after a strong rally throughout the past week in anticipation of the Coinbase public listing on Nasdaq. However, after the COIN listing, which is the ticker of the Coinbase stock, the cryptocurrency market started to correct. BTC/USDT 1-day price chart (Binance). Source: TradingView.com An

Larry Fink, the CEO of multi-trillion dollar investment giant BlackRock, is revealing his rosy outlook on Bitcoin and the crypto markets at large. In a CNBC interview, Fink changes his tune on Bitcoin as he says he now believes in the future of cryptocurrencies. “I’m still fascinated about it, I’m encouraged by how many people

Holger Zschaepitz, a market analyst at Welt, emphasized that Bitcoin (BTC) is nearing the valuation of Google, as it heads toward $1.5 trillion in market capitalization. Currently, as of April 17, the market cap of Bitcoin is hovering at around $1.12 trillion as the entire valuation of the crypto market remains comfortably above $2 trillion.

The United States Department of Treasury is again sharpening its sword upon crypto. In January 2021, the Department of Treasury’s Financial Crimes Enforcement Network issued Notice 2020-2. The Notice states that FinCEN intends to amend its regulations concerning the reporting of foreign financial accounts to include digital currency as a type of reportable account.  In

Speculation about the duration of the current run is endless, with Bitcoin now a stable news item even in the mainstream press. But what’s keeping the BTC price up? Is it simply the relentless slew of good news, or are there on-chain indicators that can predict future price moves? Since retesting the $50,000 barrier in

Ever since the publication of Satoshi Nakamoto’s white paper back in November 2008, “Bitcoin: A Peer-to-Peer Electronic Cash System,” the term “blockchain” has been synonymous with digital currencies in the sense of the underlying technology that allows for the transfer of value, peer-to-peer.  What’s interesting is that the term “blockchain” is not used once in

After breaking out of the two-months ascending triangle, the price of Bitcoin (BTC) is firmly staying above $60,000. Current on-chain volume suggests investors are still strongly buying Bitcoin at current price levels. Furthermore, the current price is not even close to a short-term price top when comparing to historic network valuation multiples. BTC price bull