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Tag Archives: btcusd

Third-Largest Bitcoin Whale Bought $375 Million Worth of BTC in 11 Days

In a matter of two weeks, one of the largest BTC whales has accumulated more than 6,600 coins as the price of the asset has declined by more than 10% in the same timeframe. CryptoPotato frequently reports the sales and purchases of this particular whale, which tends to sell when the asset’s price has appreciated significantly in a short period of time and vice-versa. In the past several weeks, though, they have been focused on accumulating only, as CryptoQuant’s analyst...

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Non-Zero Bitcoin Addresses Reached New ATH of 39 Million

The blockchain data and intelligence provider – Glassnode – revealed that a total of 38.76 million Bitcoin addresses now have non-zero balances. This is the highest level ever recorded since the last peak of 38.7 million marked this April. Bitcoin’s Drop Is Not a Concern Despite its recent price decline, bitcoin charted new heights in another area. According to Glassnode, there are now 38.76 million BTC wallets containing some amount of the primary cryptocurrency. It took...

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Max Keiser in El Salvador: Bitcoin As Perfect Money Creates Confidence in Leaders like President Bukele

El Salvador continues to create history with its bitcoin adoption, with the latest initiative being the announcement of an entire city focused on the primary cryptocurrency. The nation plans to put this plan in the works through mining-backed volcano bonds worth in total $1 billion. While this may sound groundbreaking and surprising to some, one person – Max Keiser – was actually the one to pitch the idea first months ago. El Salvador’s Bitcoin Steps It was June 2021 when the...

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Invesco Blames Its Bitcoin Futures ETF Withdrawal on SEC’s Rules

Anna Paglia – a top executive at Invesco – explained that her company withdrew its Bitcoin Futures ETF application because of the SEC’s rules. Separately, Bitwise Asset Management also pulled off its filing for a futures-based ETF, citing it is not an appropriate decision for the long-term. Invesco Gave Its Explanation Invesco – an American investment firm with over $1.5 trillion in assets under management – filed with the Securities and Exchange Commission to launch two...

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Bitcoin Is Not a Fad, Says Australia’s Financial Service Minister

The Australian Finance Services Minister – Jane Hume – publically backed up digital assets by saying they are not just a temporary trend. Additionally, she opined that decentralized finance (DeFi) presents “incredible opportunities” for Australia. ‘We Need to Acknowledge This Is Not a Fad’ Jane Hume – an Australian minister and senator – fired back at Tony Richards (Head of Payment at the Reserve Bank of Australia), who recently described cryptocurrencies as “faddish.” On top...

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Senator Lummis Slams Hillary Clinton, Advocates For Stabilizing US Dollar Using Bitcoin

Cynthia Lummis – Republican Senator for Wyoming – recently fired back at Hillary Clinton for deriding cryptocurrencies. She suggested that Bitcoin offers a hard money solution to the US dollar’s inflation problems. Lummis Tells Clinton to Embrace The Future Lummis’s comments follow the cautionary words of former Secretary of State Hillary Clinton earlier this week. In a panel discussion at the Bloomberg New Economy Forum in Singapore, the latter suggested that...

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Bitcoin Price Analysis: Ahead of Weekly Close, First Positive Signs Correction Might Be Over

Roughly around two days ago, bitcoin’s price dipped to an intraday low of $55,640 (on Bitstamp), causing moderate turmoil within the community and raising the question of how far the correction will go. As we reported back then, one of the key levels to consider is the zone between $58.3K and $53K as it contains very strong support in terms of both technical and on-chain indicators. Now, prominent Bitcoin analyst Daniel Joe noted on Twitter that the cryptocurrency dipped into...

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Market Watch: BTC Eyes $60K, AVAX to Replace DOGE As Top 10?

Bitcoin continues its recovery attempts by touching $59,000, while most of the altcoins have remained stagnant since yesterday. Avalanche is once again the most significant gainer. AVAX charted a new all-time high (again) and is close to surpassing Dogecoin in terms of market cap. AVAX on a Roll Most altcoins plummeted in value in the past week or so and tried to bounce off yesterday. Ethereum, for example, went below $4,000 for the first time in over a month shortly after...

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El Salvador to Build a Bitcoin City: Will Buy $500M More BTC

Just months after adopting BTC as legal tender, the small Central American country plans to create a Bitcoin City with the help of Blockstream and Bitfinex. Separately, the country said it will buy $500 million more of BTC. Bitcoin City in El Salvador The country made the news earlier this year by indicating that it will vote to accept the primary cryptocurrency as legal tender. Despite enhanced backlash from global organizations like the IMF, El Salvador’s authorities...

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69-Year Old Israeli Lady Turned a $3K Bitcoin Investment to $320K: Now the Bank Refuses to Deposit

The Israeli pensioner Esther Freeman has reportedly turned an ILS 10,000 Bitcoin investment, worth roughly $3K at that time, into ILS 1,000,000 (~$324K) in eight years. However, Hapoalim Bank – one of the largest in the country – denied accepting the profits as the initial investment source might have had a connection to illegal financial operations. Cash Is The Problem In 2013 a 69-year old retired citizen of Israel, Esther Freeman, decided to enter the cryptocurrency market...

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