Tag Archives: BTCGBP

In 2023, Bitcoin has delivered remarkable gains, surpassing the initial recovery phase and resuming an upward trajectory. The crypto-asset’s price has been hovering a little over $34,000 as it continues to ride on the coattails of spot ETF hype. But it is approaching the overheating zone, something that investors should pay attention to. According to CryptoQuant’s latest analysis, investors should be “cautious” and not “over-bet on their investments. Bitcoin Approaching...

In September, a Seattle startup lab of white hat hackers sent proof to a senior writer at WIRED Magazine that they could crack the IronKey S200 thumb drive containing 7002 Bitcoins. But former Ripple CTO Stefan Thomas incredibly refused an offer by the Seattle startup, named Unciphered, to access the USB drive for him. Fmr. Ripple CTO Getting Closer to His 7002 Bitcoins Thomas told WIRED that he had already hired another team to work on the problem for him. The former Ripple...

The past few days have been mostly about consolidation, following Bitcoin’s rally to $35K and the slight correction that followed. These tend to be periods where the price fails to excite, but rather, market participants are evaluating their current standings and projecting what might happen next. Bitcoin Price Steady Above $34K The past 24 hours were optimistic for Bitcoin’s price, which managed to maintain above $34K. In fact, BTC attempted a push, but it was unable to...

Bitcoin price surged in a breakout rally to briefly touch $35,000 this month. But Euro Pacific Capital’s founder and chief global strategist doesn’t think it will last. This month saw the ever-widening buzz surrounding a hotly anticipated approval by the SEC of a spot Bitcoin ETF. The excitement has pushed blowout Bitcoin sales on crypto exchanges. But leave it to “Dr. Doom” (as Peter Schiff was nicknamed by the CNBC crowd during the housing bubble) to balk at Bitcoin’s...

Bitcoin’s price has expanded considerably throughout the past week, charting an increase of around 15%. We take a look at some of the important technical levels and whether or not the rally has any future potential. By Shayan Recently, Bitcoin made a decisive breakout above the crucial 100 and 200-day moving averages and surpassed its yearly high at $32K, reinstating bullish sentiment in the market. Currently, Bitcoin faces a significant resistance region, suggesting the...

The market is seemingly starting to wake up, and enthusiasm is as high as it’s ever been this year. The industry added another $140 billion to its capitalization throughout the last seven days on the back of considerable gains across the board. Starting off with Bitcoin’s price, it’s up a whopping 14.3% in the past week, currently trading at around $34,000 at the time of this writing. Last weekend was relatively slow, but it all changed on Tuesday when the price exploded...

Bitcoin (BTC)’s explosion to a new yearly high on Monday has placed the vast majority of investors’ holdings back into profit, according to a new report from Glassnode. The blockchain and market intelligence platform said that 4.7 million BTC flipped green after the rally, representing 24% of Bitcoin’s circulating supply. Chaos In The Derivatives Market The asset’s rise was coupled with a slew of short liquidations clearing 35,000 BTC worth of open-interest from the perpetual...

The Depository Trust and Clearing Corporation (DTCC) removed BlackRock’s Bitcoin ETF, iBTC, from its ETF list shortly after its addition on Monday. Bitcoin’s price dropped by 3% in response, falling from $34,527 to $33,432 within 30 minutes shortly after the removal was noticed. The drop appears to have triggered $37 million in long liquidations across the crypto market within the past hour, according to CoinGlass. Bloomberg analyst James Seyffart speculated that the...

Bitcoin (BTC) registered a yearly high above $34,000 on Monday amid ongoing excitement that a spot Bitcoin ETF approval may be on the horizon for U.S. investors.  As of writing, the asset’s gains have triggered $327 million in liquidations across the crypto market in the last 24 hours.  According to TradingView, Bitcoin traded for $31,629 at 22:00 UTC on Monday, before skyrocketing to $34,140 over the next 40 minutes.  Bitcoin now trades for $33,219, which is still higher...

While maintaining the $30,000 mark is proving challenging for Bitcoin, there appears to be a noteworthy surge in bullish sentiment. It can be attributed in part to the increased optimism of investors regarding the potential approval of a spot Bitcoin ETF in the US. A potential approval can push Bitcoin between $42,000 and $56,000, according to a new report. Bitcoin’s Ascent to $56,000 So far, the US Securities and Exchange Commission (SEC) has declined to grant approval for a...