Bitcoin (BTC)

The price of bitcoin (BTC) has surged past the $60,000 level to the $67,000 zone due to news of a lower-than-expected inflation rate in the United States. According to the latest CryptoQuant weekly report, bitcoin’s latest rally has also been sustained by a recent decline in selling pressure. However, demand for the cryptocurrency has yet to pick up. Bitcoin Selling Pressure Declines The fall in BTC selling pressure can be seen in the on-chain activity of short-term holders...

Bitcoin keeps touching new levels of adoption in the real world, with traditional finance (TradFi) firms embracing the digital asset at a remarkable pace. The significant investment in spot Bitcoin exchange-traded funds (ETFs) signifies growing institutional interest in crypto assets. Last quarter, a staggering number of U.S. banks, investment managers, hedge funds, and professional firms bought spot Bitcoin ETFs, as seen in their 13F filings with the Securities and Exchange...

Bitcoin had a quite positive trading week in which it gained over six grand and skyrocketed to its highest price tag in almost a month of over $67,000. Most altcoins also followed suit, with SOL, AVAX, BCH, LINK, and many others registering double-digit gains. BTC Calms at $67K Bitcoin had retraced to just over $60,000 last Friday, but the bulls managed to defend that psychological support level during the weekend. Moreover, the asset started to climb on Monday and jumped to...

By examining the processing speed of the largest blockchain networks in terms of total value locked on DeFiLlama, CoinGecko outlined the fastest based on the actual and realized transactions-per-speed (TPS) metric. The report concluded that Solana leads the way, followed by Sui and the Binance Smart Chain. Interestingly, Ethereum and Bitcoin are not even in the top 15. Solana’s World Despite its several outages in the past few years, the Solana blockchain has emerged as the...

The recent U.S. inflation data indicating a 3.4% increase in consumer prices from last year has sparked optimism in the cryptocurrency market. Bitcoin (BTC), Ethereum (ETH), and other altcoins like ALGT are poised for a potential surge in prices.  BTC surged to $64,492, supported by bullish signals above key EMAs, while ETH rose to $2,960.94. Analysts anticipate further gains, with BTC eyeing the $69,000 resistance level and ETH aiming for $3,033. The...

The cryptocurrency landscape is marked by both burgeoning opportunities and significant challenges. As Coinbase grapples with legal disputes that underscore the volatile nature of digital currencies, Bitcoin Cash gears up for potential growth spurred by its anticipated halving event. Amid these dynamics, BlockDAG capitalizes on its innovative blockchain and Directed Acyclic Graph (DAG) technology integration, aiming for long-term dominance in the market....

Since 2021 when El Salvador began validating Bitcoin blocks with volcanic energy, the Central American country has mined 474 BTC worth approximately $29.6 million at current prices. According to a Reuters report, El Salvador mined the cryptocurrencies using a geothermal power plant fueled by the Tecapa volcano in the nation’s east central region. El Salvador Mines 474 BTC With Volcano The energy generated from the Tecapa volcano is relatively small, but it powers 300 mining...

This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot. Ethereum (ETH) Ethereum finally woke up this week after testing the support at $2,800 and closed with a 7% price increase. Nevertheless, ETH made a new yearly low against Bitcoin. The resistance is at $3,350 and if this momentum continues, it could be tested by the bulls in the coming days. Ideally, Ethereum will break higher soon and return on an uptrend. Looking ahead, ETH could be...

TON has emerged as one of the top-performing Layer 1 blockchains in 2024, according to the latest analysis by CryptoQuant. Demonstrating a remarkable 118% outperformance over Bitcoin since the beginning of the year, TON has stood out in stark contrast to other popular Layer 1 chains, which have struggled to gain momentum. Among major blockchains, only TON and BNB have significantly outpaced Bitcoin in this period, as per the intelligence resource. This relative strength,...

Organisé « par des bitcoiners pour les bitcoiners », le Bitcoin Economic Forum débute aujourd’hui. Il réunira jusqu’au 20 mai, une centaine de personnes un domaine de 80 hectares à 30 minutes du Mans. L’évènement est organisé par le collectif à but non lucratif BreizhBitcoin :« Notre objectif est de rassembler la communauté francophone pendant deux jours dans un cadre atypique, convivial et...