Bitcoin (BTC)

Coinbase’s trading volume has seen a staggering plummet over the past year. That’s according to a BanklessTimes.com data analysis. The site reports that in Q2 of 2022, the exchange boasted a trading volume of $217 billion. But fast-forward to Q2 of 2023, and that figure has dwindled to $92 billion. That fall represents a 58% decline in the metric. And it has analysts and experts exploring the factors influencing the dramatic shift. BanklessTimes‘ crypto expert Alice Leetham has shared her...

Even as XRP encountered considerable upheaval due to escalating regulatory challenges, South Korean investors have remained unfazed. In fact, the asset has emerged as the most preferred one in their portfolios, especially those in their 20s. This is evident by new findings, which show XRP comprising 20.7% of their investments, surpassing the combined 17.5% allocation for Bitcoin and Ethereum. Overall, the proportion of XRP in the portfolios of individuals in their twenties...

Despite the spreading of such information online, it appears Joe Biden and the rest of the White House staff have no plans, currently, to convert the U.S. dollar (USD) into a digital asset. Biden Won’t Go the Crypto Route White House assistant press secretary Robyn Patterson explained in a recent interview: There are no plans to convert the U.S. dollar into a digital asset. The discussion about whether Biden would take such action goes back to the crypto executive...

BlackRock has submitted its new application for a bitcoin-based exchange-traded fund (ETF). After an initial send-back, the documentation is in, and the Securities and Exchange Commission (SEC) has confirmed that it’s reviewing the application. Many traders are waiting on the sidelines with their fingers crossed, hoping this is when the SEC gives a greenlight to bitcoin spot trading. BlackRock Won’t Help Much Despite the big move forward and all the anticipation...

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Bitcoin’s price shows a very low intent to recover following the recent drop last week. Things are not looking positive in the short term. Technical Analysis By Edris The Daily Chart On the daily chart, the price has been consolidating inside a tight range over the last few days, following a massive drop from the $30K critical resistance zone. The 200-day moving average has also been broken to the downside, which is a clear bearish trend signal. Yet, considering the oversold...

Bitcoin’s price performance over the past 24 hours is hardly surprising given the lower trading volumes during the weekends, and the asset has not moved an inch from its $26,000 level. The altcoins are also highly stagnant on a daily scale, but some have posted notable losses since last Sunday. BTC Boring at $26K Bitcoin was in a similar situation last week – meaning it had stalled for weeks at around $29,000 – before a sudden price dump took it south by over $3,000 to chart...

On-chain analysts at Glassnode and Ark have developed a new framework for analyzing the Bitcoin network’s “economic state.” The framework, called “Cointime Economics (CE),” will help increase the accuracy of on-chain analysis, which savvy investors and traders often use to read where Bitcoin’s price is heading. What is Cointime Economics? According to lead Glassnode analyst James Check, CE moves away from analysis based on Bitcoin’s unspent transaction outputs (UTXOs), which...

The US Federal Bureau of Investigation (FBI) discovered that the North Korean hacking collective – the Lazarus Group – has drained cryptocurrencies worth millions of dollars through several attacks in the past few years. The security agency believes the wrongdoers could soon cash out 1,580 BTC (worth almost $41 million at current prices). Stay Focused on the Lazarus’ Actions The FBI released a statement to notify cryptocurrency companies about a potential move that the...

Primal – a company that seeks to develop bitcoin-infused applications for the Nostr social networking community – has recently garnered as much as $1 million in new funds from firms like Ten31 and Hivemind Ventures. Primal Gets a Nice Chunk of Money The main goal of Primal is to allow users of the program to send “zaps” (small amounts of bitcoin) to other users that post content or items they enjoy anywhere in the world. Primal founder and CEO Miljan Braticevic...