Tag Archives: btcusdt

AntPool – a prominent Bitcoin mining pool – has announced its decision to refund the staggering $3 million transaction fee that made headlines last week. The incident occurred when a user mistakenly submitted an 83 BTC gas fee, prompting AntPool’s risk control system to temporarily freeze the transaction during packaging. AntPool to Reimburse 83 BTC Gas Fee According to an update on November 30th, AntPool has set a deadline for the original owner to verify their identity...

With the highly-anticipated Bitcoin halving just four months away, the world’s largest crypto asset is witnessing a strong rally driven by expectations of growing institutional demand. On December 1st, Bitcoin briefly surged past $38.8k, a threshold not observed since May 2022. Although it quickly dipped below $38.3k, Matrixport’s report presents a compelling case for Bitcoin’s ascent to $125,000 by the end of 2024, drawing on historical trends, halving events, and...

The cryptocurrency market increased throughout the past seven days, tapping over $1.5 trillion in terms of total capitalization. A lot of the gains are coming on the back of Bitcoin, which tested $39K for the first time in quite a while. With many analysts firmly bullish, let’s dive into what happened over the past week. Bitcoin’s bullish foothold continues, with traders setting their sights at $40K. The cryptocurrency was able to increase by a modest 1.4% throughout the past...

By Shayan Bitcoin’s recent consolidation phase has expanded, with the price exhibiting a slight uptrend accompanied by exceptionally low volatility. Despite this, it remains within a narrow price range, emphasizing the necessity of a breakout to determine the cryptocurrency’s next direction. The Daily Chart A detailed examination of the daily chart reveals a prolonged consolidation near the critical resistance region of $38K, where the price lacks a discernible direction....

A lot can happen in seven days in a volatile industry like the crypto sector, and it indeed did over the past week. Arguably, the most significant piece of news came a few days ago when the US Department of Justice announced a massive settlement deal with the world’s largest crypto exchange – Binance – that had severe consequences. On the one hand, the company had to depart with $4.3 billion in the form of a fine without admitting any guilt. On the other hand, though, the...

By Shayan The recent upward momentum in Bitcoin’s price encountered resistance upon reaching the significant $37K mark. However, the market has entered into a consolidation phase, with the price oscillating within the range defined by $37 and $35K. A breakout from this critical range will determine the subsequent trajectory for Bitcoin. The Daily Chart On the daily chart, the substantial uptrend in Bitcoin lost steam after breaking out from the $35K resistance zone and the...

The broader cryptocurrency market took a turn for the worse throughout the past seven days as the majority of coins are trading in the red. This comes after weeks’ worth of increases in what seems to be an expected correction. Bitcoin’s price is trading at a 3% loss, tumbling toward $36K at the time of this writing. The leading cryptocurrency was unable to keep up the bullish momentum. It soared toward $38K on Thursday, but it retraced almost as quickly as it skyrocketed. All...

Bitcoin (BTC) plummeted back to $35,100 on Tuesday after briefly rallying as high as $38,000 late last week. The collapse has triggered over $367 million in liquidations across the crypto market in the past 24 hours. According to Coinglass, over $200 million in liquidations have occurred in the past hour alone. Across the day, over 103,000 traders have been liquidated, with the largest being a BTC-USDT swap on OKX valued at $9.45 million. Bitcoin started the day trading for...

By Shayan Bitcoin has been displaying a gradual uptrend, surpassing the $35K resistance region. Nevertheless, the price now encounters several resistance zones ahead, while a bullish breakout has the potential to trigger a significant uptrend. The Daily Chart Upon examining the daily chart, Bitcoin has sustained a noticeable uptrend within an ascending channel pattern, ultimately surpassing the $35K resistance region. In the meantime, a noteworthy development occurred,...

This week has been all about prices, hence the title. It appears that there’s tremendous anticipation for the approval of a spot Bitcoin ETF, which seems to be one of the main explanations given by many experts of the ongoing rally. A lot happened price-wise, so let’s unpack. First things first, it’s important to note that the SEC is currently in a tight window to make a decision on whether or not they will approve a spot Bitcoin ETF. There’s the possibility of more delays,...