Bitcoin (BTC)

Bitcoin has attracted a new generation of hodlers in the last three years, as resilient investors are steadfastly holding onto their assets. Data from the widely used HODL Waves metric reveals that individuals who purchased Bitcoin in late 2020 have chosen to retain their coins without selling. Long-Term Holders Continue to Accumulate Bitcoin Despite the 2023 bull run that has propelled Bitcoin prices to their highest levels in over a year, long-term holders (LTHs) of...

The cost of buying Bitcoin (BTC) is pushing record highs this week – and in a sense, so is the cost of moving it. On-chain data shows that the price for Bitcoin block space has touched a new all-time high in BTC terms – largely due to massive demand created by Ordinals transactions. Record Demand For Bitcoin Blockspace Bitcoin for Fairness founder Anita Posch highlighted the record cost on X, showing that transactions reached a cost over 350 satoshis per vByte (sat/vB) on...

Cryptocurrency short sellers experienced a turbulent year in 2023, grappling with mark-to-market losses amounting to $6.05 billion. These losses were primarily driven by the remarkable performance of Bitcoin and other digital currencies since the beginning of the year. Crypto Prices Soar in 2023, Short Sellers Feel the Heat According to a report published on December 5 by research firm S3 Partners, traders who have taken a bearish stance on publicly traded crypto firms,...

Despite the subdued overall interest, a group that remains consistently passionate is the die-hard Bitcoin maximalists. In recent weeks, Bitcoin price has once again captured the attention of the financial industry as it surged above $44,000, a level not seen since May 2022. However, this rally seems to lack the fervor and widespread interest that accompanied previous bull cycles, according to a Bloomberg report. Despite Bitcoin Price Growth, Interest Remain Subdued A notable indicator of...

The SEC has been asking prospective issuers to give well-detailed descriptions of their various spot Bitcoin ETF products. It appears that from here onwards,  there’s no going back on the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States. This follows after a recent Reuters report claimed that talks between the US Securities and Exchange Commission (SEC) and the asset manager applicants of the said ETFs have entered into a crucial stage. Anticipation Enters Top...

XRP’s price has been consolidating over the last few weeks on the USDT pair. It is yet to show any significant desire to either drop or rally. However, against BTC, things are looking different. Technical Analysis By TradingRage Ripple Price Analysis: The USDT Chart Against USDT, the price has been supported by the $0.6 level. Yet, it has not rebounded with any considerable bullish momentum. In case this level holds, the price can rise toward the $0.72 resistance level in the...

The crypto community is buzzing with excitement as Bitcoin continues to soar to new heights. Its rally is injecting life and capital into the entire market, prompting investors to find the best ways to diversify their holdings. In this rollercoaster ride, let’s take a look at BTC’s recent rally, witness the double-digit gains of $SHIB and $PEPE, and also follow the journey of Galaxy Fox’s presale heading to $500K. BTC Rally Invigorates the Market On December 6, the OG of...

Ethereum median gas price has surged to 55.3 Gwei this month, almost doubling in a month and reaching its highest point since mid-May this year. Ethereum is trading at 2,230, up 10% over the last week and 81.3% over the last year, remaining the second most popular crypto after Bitcoin. Ethereum Gas Fees Increase As revealed by an analysis on Dune, Ethereum gas fees have surged over the last month. In October 2023, Ethereum experienced a notable reduction in gas fees,...

BitcoinShrooms uses pixelated art from the 1980s that is permanently stored on the Bitcoin blockchain through the Ordinals protocol. Venturing into the world of Bitcoin NFT artwork, the renowned auction house Sotheby’s introduces its first-ever sale titled “Bitcoin Ordinals”, featuring pixel art by an anonymous crypto artist known as Shroomtoshi. This one-of-a-kind auction, which runs until December 13th, features three exclusive pieces from Shroomtoshi’s captivating “Bitcoin Shrooms”...

The Republican presidential debate discussed several issues including regulation to protect the sector as well as safeguarding crypto users. The Republican presidential debate in Tuscaloosa, Alabama, on Wednesday, delved into cryptocurrency policies and regulation. Vivek Ramaswamy, who stood out for integrating crypto into his campaign, did not hesitate to address the industry’s challenges. In response to a query about his crypto policy, Ramaswamy referenced the recent legal turmoil...