Category: Bitcoin

New data on the amount of Bitcoin being scooped up by crypto whales and retail traders signals the bottom is in, according to on-chain analyst Will Woo. Woo is taking a close look at the flow of BTC to and from crypto exchanges.   He says despite sideways price action, investors appear to be buying

Bitcoin’s total estimated annual electricity consumption has plummeted nearly 60%, falling from the all-time peak above 143 terawatt-hours (TWh) in May to as low as 62 TWh in early July, according to data from Cambridge Bitcoin Electricity Consumption Index (CBECI). This is the lowest energy consumption rate recorded since early November 2020. At the time

Senator and former United States presidential aspirant Elizabeth Warren has once again raised alarms about the current regulatory climate for crypto in the country. According to Reuters, Warren has written to Gary Gensler, chairman of the U.S. Securities and Exchange Commission, demanding answers about the scope of the SEC’s crypto oversight in the area of

Bitcoin’s (BTC) price looks poised to retest $30,000 as traders continued to pull back from upside bets on a spell of a bearish technical pattern. Dubbed as a Symmetrical Triangle, the structure forms when an asset fluctuates between two converging trendlines. In doing so, the asset rebounds after testing the Triangle’s lower trendline as support

Turkey’s crypto userbase grew more than 11 times over the last year, a new survey from Turkish crypto exchange Paribu shows.  The “Cryptocurrency Awareness and Perception Survey 2021” was conducted by Akademetre Research, revealing the perceptions and behaviors of Turkish citizens toward Bitcoin (BTC) and other cryptocurrencies. The first such survey was completed in 2020.

Bitcoin (BTC) will not move much after Grayscale’s giant 16,000 BTC unlocking date after all, says crypto trading firm QCP Capital.  In its latest market update released on July 8, analysts downplayed the popular theory that GBTC will cause BTC price volatility in the coming weeks. No “significant impact” expected from GBTC As Cointelegraph reported,

Bitcoin (BTC) fell below $33,000 support on Thursday as a trusted trading range risked getting invalidated. BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView Trader: $31,000 retest next for BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping into the $32,000 range during trading on Thursday. The move followed an overnight retracement from around

As Binance faces scrutiny from regulators around the globe, Poland’s finance watchdog has issued a consumer warning about the cryptocurrency exchange. On Wednesday, the Polish Financial Supervision Authority (PFSA) published a statement on Binance’s growing regulatory issues around the world, stressing that the company’s operations are not regulated in Central European country.  The crypto market is “neither

Mike McGlone, a senior commodity strategist for Bloomberg Intelligence, believes the price of Bitcoin could shoot past the price of an ounce of gold – by around 100 times. In the July 2021 edition of the monthly cryptocurrency newsletter Bloomberg Crypto Outlook, McGlone says that based on technical analysis, the flagship crypto asset could keep

Amid intensifying concerns over Binance’s global regulatory issues, the company’s CEO and founder, Changpeng Zhao, has underscored the exchange’s commitment to cooperating with regulators. In an open letter on Tuesday, Zhao emphasized that the cryptocurrency industry has massively evolved over the past four years since Binance’s launch, while there is still a lot of regulatory