Tag Archives: btcusd

It’s safe to say that the cryptocurrency market went through a lot during the past couple of days, with prices tumbling to levels not seen since February. It appears that the bulls are now attempting a comeback or, at the very least – a slight recovery. Bitcoin Price Increases Above $56K At the time of this writing, BTC is trading above $56K, charting an increase of around 4% in the past 24 hours. The cryptocurrency had previously crashed to a 5-month low to $53,550, but the...

On July 5th, Bitcoin fell below $54,000, experiencing a decline of over 6% in the past 24 hours due to increasing bearish pressure. The market downturn intensified after Mt. Gox, an early cryptocurrency exchange that went bankrupt over a decade ago, started to repay its customers following a lengthy bankruptcy process. The latest downturn has rendered several Bitcoin mining machines unprofitable. According to the latest data from f2pool, only six mining machines remain...

Darin Feinstein, founder of Core Scientific, recently asserted that Bitcoin is still massively undervalued. In a July 4 post on X, Feinstein shared his insights and personal experiences within the world of Bitcoin. Bitcoin’s True Value In the post, he stressed that the true value of Bitcoin lies in its underlying technology: the immutable ledger on which it operates. “What is still massively undervalued about Bitcoin is that the immutable ledger that Bitcoin runs on is...

TL;DR Bitcoin’s price briefly dropped below $54,000, triggering a market-wide correction, but increased interest in buying BTC suggests some view this as a “buy the dip” opportunity. Metrics like the Relative Strength Index (RSI) and the Fear and Greed Index indicate the asset is oversold and in fear territory, which might be interpreted as a potential signal for a rebound. A Buying Opportunity? Bitcoin (BTC) saw its price plunge by over 5% on July 5, sinking below the...

German Member of Parliament and Bitcoin advocate Joana Cotar has called on the government to halt its rapid Bitcoin sell-offs. Cotar argued that it is neither “sensible” nor “productive” and believes that Bitcoin should be adopted as a strategic reserve currency to safeguard against economic instability. Joana Cotar Criticizes German Bitcoin Sell-Offs In a July 4 post on X, Cotar expressed her concerns about the government’s current strategy, stating, “Instead of holding...

What a week it’s been… The cryptocurrency markets ultimately took a turn for the worse, but they haven’t been without their moments. The bottom line is that the total capitalization lost a whopping $200 billion, which is more or less 10% in the past seven days alone. This came on the back of considerable losses from Bitcoin, but especially from the altcoins. In fact, the BTC dominance – a metric that gauges its share relative to that of the rest of the market – is up by about...

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Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

The defunct cryptocurrency exchange Mt Gox has finally commenced creditor repayments ten years after filing for bankruptcy. According to an announcement from the Mt Gox Rehabilitation Trustee, the defunct estate distributed bitcoin (BTC) and Bitcoin Cash (BCH) payments to some creditors on July 5 through designated crypto exchanges linked with the repayment plan. Mt Gox Begins Repayments The Mt Gox trustee will continue repaying other creditors when certain conditions are...