Bitcoin (BTC)

Tron price started a fresh increase above the $0.0725 level against the US Dollar. TRX price is now trading above $0.0750 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.0762 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the $0.0785 resistance zone. TRON price started a fresh increase above $0.0750 against the US Dollar, outpacing Bitcoin. TRX’s price could...

Bitcoin price is trading below the $31,250 zone against the US Dollar. The price is now trading above $30,500 and the 55 simple moving average (4 hours). There is a connecting bullish trend line forming with support near $30,300 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $30,000 support zone. Bitcoin price is showing positive signs above $30,000 against the US Dollar. BTC might correct...

The fate of Bitcoin’s price throughout the rest of the year largely lies in the answer to one question: Will a Bitcoin spot ETF be approved in the United States? Joe Carlasare – a commercial litigator supporting Bitcoin – tweeted on Monday that he gives such a product a 30-40% chance of launching inside of a year. He later spoke with CryptoPotato to explain how he arrived at those numbers.  The Trouble With Grayscale’s Lawsuit According to Carlasare, the market’s best bet at...

According to data provided by Glassnode, long-term holders currently hold almost 14.5M bitcoin (BTC). LTHs have been on a gradual accumulation spree in the past year and a half despite the prolonged bear market.  Blockchain analytics firm CryptoQuant has recently revealed that institutional investors (hedge funds, pension funds, commercial banks, insurance companies, and more) have also shown an increasing appetite for holding the primary cryptocurrency in the long run. So...

Ordinals developers are pioneering ways to make reduce blockchain bloat caused by Bitcoin NFTs, potentially reducing their creation costs by 90%.  The latest among these is BRC69 – a new standard proposed by Ordinals launchpad platform Luminex to “optimize the costs of inscribing on Bitcoin using the Ordinals protocol.” The BRC69 Standard According to Luminex’s GitHub proposal, the new standard can not only reduce inscription costs, but also unlocks new on-chain features,...

The crypto winter of 2022 may be technically over, but the effects are still being felt. This year, the Miami Bitcoin Conference saw a whopping 50 percent dip in its attendance rate. The Crypto Winter Is Still a Powerful Enemy That means roughly half of last year’s crowd showed up this year, and many are blaming the crypto winter for the drops. Some analysts believe the number may be lower than what’s being reported. For example, this year, roughly 15,000 people...

Former CEO of software giant MicroStrategy Michael Saylor made an appearance at this year’s Miami Bitcoin Conference. He assured all people in attendance that bitcoin is here to stay, and that they shouldn’t worry about the prospects of a currency that, at this stage, has clearly proven itself. Michael Saylor Still Loves BTC Saylor addressed the 2022 bear market and tried hard to calm the investors in the room. Whether they felt concerned about the future of...

A new report by the cryptocurrency exchange Bitfinex revealed that the latest on-chain metrics and investor behavior suggest the crypto market may be ready for the next bull run. In the weekly edition of the Bitfinex Alpha report, the crypto exchange noted that Bitcoin’s Spent Output Profit Ratio (SOPR) and Net Unrealized Profit and Loss (NUPL) indicators have moved into the green, showing that almost all BTC trades have been profitable since the leading asset breached the...

Right now, the U.S. government is trapped in a financial fight that has both sides of the political spectrum arguing over the debt ceiling. The Debt Ceiling Issue Could Hurt BTC Democrats and individuals like Treasury Secretary Janet Yellen want the debt ceiling raised, as they believe the U.S. is about to go bankrupt, while the republicans and House Speaker Kevin McCarthy are saying any such hike would result in devastating financial repercussions for the...

CoinspeakerBitcoin Ordinals Launchpad Luminex Announces BRC-69 Standard to Simplify Recursive Inscriptions According to ordinals launchpad Luminex, the BRC-69 standard will make recursive ordinals easy and also create additional enhancements. Bitcoin Ordinals Launchpad Luminex Announces BRC-69 Standard to Simplify Recursive Inscriptions