Category: BTC

Long-term Bitcoin bulls hodl strong despite five-month price high

October 12, 2021

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Bitcoin wallets that haven’t seen outflows for more five months and are currently sitting on $754 billion worth of the asset. 5335 Total views 34 Total shares On-chain analytics provider glassnode reports that long-term Bitcoin holders are refusing to sell despite the BTC markets rallying to a five-month price high. In its Oct. 11 “Week […]

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Bitcoin network tags record high for daily settlement volume

October 11, 2021

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More than $30 billion was settled on the Bitcoin blockchain in a single day last week. 3634 Total views 39 Total shares The value settled on the Bitcoin network has been surging recently, reaching a new daily all-time high last week. Bitcoin’s daily settlement value hit an all-time high on Oct. 6, with $31 billion […]

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Former Bitcoin lead dev predicts demise of BTC network … with a major silver lining

September 29, 2021

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Bitcoin prices could reach $6 million per coin in forty years’ time, but the whales may eventually pull the plug. 14310 Total views 52 Total shares A former lead developer for the Bitcoin network has postulated a possible future for the world’s most popular cryptocurrency which includes an epic price prediction. Software developer Gavin Andresen […]

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Bitcoin mining estimated to represent 0.9% of global carbon emissions in 2030

September 22, 2021

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New York Digital Investment Group estimates that Bitcoin mining will not represent more than 0.4% of global electricity consumption over the next decade. 3284 Total views 17 Total shares A new study from the New York Digital Investment Group (NYDIG) has projected that Bitcoin’s energy consumption will remain below 0.5% of the global total over […]

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Miners have accumulated $600M worth of Bitcoin since Feb

September 21, 2021

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Bitcoin miners appear reluctant to sell their BTC as hashrate increases despite the recent sell-off. 2390 Total views 40 Total shares Bitcoin miner are accumulating as the network hash rate continues to recover according to on-chain analytics provider Glassnode. In its Sept. 20 Week on Chain report, glassnode has stated that miner BTC balances are […]

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Bitcoin price flirts with $40K, but derivatives data is still bullish

September 13, 2021

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The price of Bitcoin (BTC) is facing an intense period of volatility since moving from a $52,950 top on Sept. 7 to a $42,800 low just two hours later. More recently, the $45,000 support was held for a couple of days despite being heavily tested, and this triggered a $3,400 up- and down-swing on Sept. […]

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El Salvador adoption a ‘coming of age’ for Bitcoin, says Fidelity exec

September 9, 2021

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Fidelity’s Jurrien Timmer believes that the significance of El Salvador’s Bitcoin move is “a little bit overplayed.” 132 Total views 22 Total shares El Salvador’s adoption of Bitcoin (BTC) as legal tender is widely celebrated across the crypto ecosystem, but one expert believes the importance of the rollout was a little bit exaggerated. Speaking to […]

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Despite Bitcoin price crash, BTC is the internet of value transfer: Novogratz

September 8, 2021

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Retail investors had good reasons to overextend in the crypto market, says billionaire Bitcoin bull Mike Novogratz. 87 Total views 19 Total shares The crypto market is back to major price swings followed by a Bitcoin (BTC) price crash on Tuesday, the day the largest cryptocurrency became legal tender in El Salvador. But it was […]

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Dreading September? Bitcoin price hopes to break the slump trend

September 4, 2021

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Bitcoin (BTC) has been struggling to break the $50,000 mark for over 10 days now. However, on Sept. 2, the premium cryptocurrency briefly surpassed the milestone, sending positive ripples across the market. Since then, the token has dropped below the mark to trade in the $49,000 range before rebounding to hit the $50,000 mark yet […]

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Mass appeal: Could a Bitcoin futures EFT electrify US investors?

September 3, 2021

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Are crypto exchange-traded funds (ETFs) finally coming to the United States of America? Dozens of cryptocurrency-based ETFs or ETF-like products are currently selling on regulated exchanges in Europe, while Canada and Brazil have already introduced their own versions this year. Over the past eight years, however, not a single investment firm has won the U.S. […]

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