The cryptocurrency community is buzzing with reports and tweets about the prices. Bitcoin is frequently marking fresh yearly highs. Even the 2019 record of nearly $14,000 was taken down and seems far behind. Just yesterday, the primary cryptocurrency gained about $1,500 of value in 24 hours. As something similar occurred precisely three years ago, before the all-time high of $20,000, it got the community speculating and anticipating a new record. Although most alternative...
Read More »In December of 2017 Bitcoin Gained $1500 In 24 Hours, Will There Be a New ATH in 2020?
Bitcoin’s most significant green candle happened on December 7, 2017, when traders started the day at $14090 and pushed the token to $17390 in 24 hours. That would be the first time a bullish candle broke the $15900 line —an event that new investors are experiencing today. December 7 of 2017 can also be remembered as the perfect argument for those who claimed BTC was a bubble, as the token also registered a wick of $19697 that day, its most significant growth ever with a...
Read More »86% Quarterly Increase: Square Reports $1.63 Bitcoin Sales In Q3
Twitter founder Jack Dorsey’s payments firm Square is riding the Bitcoin wave like there’s no tomorrow. The company’s Q3 investors’ letter has just come out. And if numbers are anything to go by, Square has registered a humongous $1.3 billion revenue in the third quarter through Bitcoin sales. This comes amid the company clocking a $3.03 billion net revenue and nearly $800 million in net profits. Bitcoin’s Headed For The Stars Along With Square’s Q3 Earnings While bitcoin’s...
Read More »The US DOJ Seizes Bitcoins Worth $1 Billion Allegedly Belonging to Silk Road
The United States Department of Justice confiscated around $1 billion worth of bitcoins on Tuesday. Today it is suing for forfeiture of the BTC that federal personnel seized. The coins allegedly belong to the now-defunct darknet marketplace Silk Road. US DOJ Wants The Forfeiture Of Bitcoin Worth $1 Billion As per Bloomberg’s latest report, the US Justice Department wants immediate forfeiture of bitcoins worth $1 billion that it seized on Tuesday. The BTC stash belongs to Silk...
Read More »Bitcoin Entered A Big Bull Market As It Crossed The Adoption Rubicon, Says Mike Novogratz
Galaxy Digital CEO Mike Novogratz believes that Bitcoin is in a bull market as the asset has crossed a milestone in its adoption cycle. The former hedge fund manager also noted that BTC will only benefit if the US Federal Reserve continues printing such excessive amounts of money. Novogratz: Bitcoin Is In a Bull Market Bitcoin has been on a roll lately and earlier today marked a fresh yearly high of nearly $15,000. Apart from breaking the 2020 record, this impressive price...
Read More »Bitcoin Price Surges Towards $15K, How High Can The Parabolic Rally Reach? (BTC Analysis)
Bitcoin price continues to break new grounds today as bulls prepare to take on the $14,900 resistance. Since the bottom of the brief dip yesterday at 08:00 UTC, $24 billion has been added to the market with most of it being piled into BTC. Bitcoin dominance has now broken over 65.0% for the first time since June, which shows there’s currently little interest in altcoins at this moment in time. Even some of the typically strong performing DeFi tokens such as Yearn.finance...
Read More »Will Ethereum 2.0 Deposit Contract Release Help ETH Outperform Bitcoin Again?
Ethereum’s creator officially announced the release of the Ethereum 2.0 deposit contract a couple of hours ago. ETHUSD markets responded with a large green candle that has pushed the network’s native cryptocurrency past the $400 mark. The question is, will this latest update help ETH outperform bitcoin once again? Ethereum 2.0 Deposit Contract Officially Released Ethereum’s creator Vitalik Buterin took to Twitter to announce the launch of the Ethereum 2.0 deposit contract....
Read More »Bitcoin Sets New 2020 Record Surpassing $14,100: Highest Price Since Jan-2018
• This day has been nothing short of exciting for the cryptocurrency markets. In fact, it has been a wild ride for all markets, and that’s to be expected – after all, the 2020 US Presidential Elections are currently taking place. • As the officials are counting the last ballots in a few states, the situation is particularly dense, and markets are rather jittery and riddled with uncertainty. At this point, it has become rather clear that the vote could go either way. •...
Read More »Bitcoin In US Senate: New Wyoming Senator Bought BTC in 2013
Republican candidate Cynthia Lummis, endorsed by President Donald Trump, has won the US Senate race in Wyoming. She will become the first woman to serve as US Senator in Wyoming’s history and one of the first Bitcoin proponents in Senate as she initially purchased BTC back in 2013. Bitcoin HODLer To Become Wyoming Senator Lummis served as Wyoming’s only US House member from 2009 to 2017. As former Senator Mike Enzi announced his retirement, Lummis received President Trump’s...
Read More »Huge $972 Million Bitcoin Transaction As The 4th Richest Wallet Emptied
One of the most famous Bitcoin wallets among hackers and treasure hunters in the crypto-verse is now empty. Someone moved over 69.369 BTC from a legacy wallet to a new native SegWit format address (a more modern format aimed at optimizing transactions by lowering their transaction fees). Everything about the wallet is a mystery: Nobody knows who owns it, who moved the funds, or why. But the wallet was as mysterious as it was popular. It was the fourth richest Bitcoin wallet...
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