Bitcoin prices are skyrocketing at the moment, with the digital asset surging as high as $40,000 on some exchanges. Futures prices went even higher with BTC tapping $48,000 on Binance futures. BTC futures, Binance – Tradingview.comAccording to Tradingview, Bitcoin has cranked 14% over the past 6 hours. It has currently retreated to trade at $38,300 at the time of press, after a gain of 7% over the past 24 hours. The massive momentum began early on Saturday when Bitcoin broke...
Read More »When Elon Musk Met Jack Dorsey Over Bitcoin: The Key Takeaways From B Word
Hosted by the Crypto Council for Innovation and sponsored by Square and ARK Invest, “The B Word” was a day-long Bitcoin centric online event that aired on Wednesday, aiming “to correct mainstream narratives around Bitcoin, explain how institutions can embrace it, and raise awareness around areas of the network that need support.” While there were many profound speakers and stimulating discussions throughout the conference, the first two tracks featured some of the most...
Read More »Bitcoin Spikes to 18-Day High, Crypto Market Cap Nears $1.5 Trillion (Market Watch)
The bulls have resumed control over the market in the past few days and have pushed bitcoin to a near three-week high at almost $35,000. The alternative coins have also benefited from these developments, with ETH closing down to $2,200 and DOGE sitting at $0.20. Bitcoin Taps an 18-Day High Ever since bitcoin bottomed at $29,200 on July 20th, the cryptocurrency has been on a roll. It bounced off immediately and reclaimed $30,000 in just a few hours. Shortly after, more...
Read More »Green Weekend: Bitcoin Breaks Above $33K, Up 15% in 5 Days
Bitcoin saw a great few days following the B Word event where Elon Musk, Jack Dorsey, and Cathie Wood spoke quite fondly of it. It’s up 15% in five days, and it appears to be preparing for a test of $34K. Bitcoin Price Gaining 15% In a Few Days This was a very turbulent week for bitcoin’s price, which didn’t seem like it was off to a good start a few days ago. In fact, on Tuesday, the price plummeted down to around $29,200, causing nothing but fear and panic in the market....
Read More »Bitcoin Saved at $30K as Tesla Might Resume Accepting It: The Weekly Crypto Recap
It’s safe to say that this was a rather intense week in the cryptocurrency market, despite Bitcoin being only about 2% up throughout the period. Things started off rather calmly, and the market was pretty flat until Monday. Bears took control and brought the price down to slightly above $30K before landing the final blow on Tuesday and pushing BTC below $30,000. It was on Wednesday, though, when the highly-anticipated B Word event took place, which saw Elon Musk, Jack Dorsey,...
Read More »Bitcoin Hit a Weekly High Around $33K: Crypto Markets Gained $230B in 3 Days (Market Watch)
After charting a $3,000 surge in a day, BTC continued slightly upwards again in the past 24 hours and reached a weekly high at approximately $33,000. Most alternative coins are in the green as well, with ETH nearing $2,100 and Polkadot registering a 7% increase. Bitcoin Touched $33K After the Monday crash in which the primary cryptocurrency dumped below $30,000, the bulls have kept complete control over the market. They firstly pushed the asset above that coveted level before...
Read More »Mysterious Bitcoin Whale Who Sold at $60K Bought Over 17K BTC Between $30-39K
One of the more interesting wallets to look at is the third-largest BTC address. While there are many speculations about its owner, it’s currently anyone’s guess as to who it is. We know this whale entity has a priority of accumulating BTC. The BTC address we’re looking into in this analysis is 1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ. For short, we’ll call it “the whale entity.” The Coinbase wallet the whale entity interacts with is 1FzWLkAahHooV3kzTgyx6qsswXJ6sCXkSR. For short,...
Read More »Elon Musk: Tesla Would Resume Accepting Bitcoin, Most Likely
Elon Musk and Jack Dorsey finally had their face-to-face talk about Bitcoin at “The B Word” event today. Joined by Cathie Wood and moderated by Steve Lee, their long-awaited talk was largely bullish all around – including on Bitcoins energy use, which Elon says he is now more optimistic about. The three began by citing what got them interested in Bitcoin. Elon saw it as an improvement to the “information system” that supports the economy as a whole On Scalability, Musk admits...
Read More »Polkadot Is the Only Blockchain Protocol Fitting the Revolutionary Bill: Interview With Parity
Polkadot is the only protocol that fits the bill of a blockchain project providing enhanced scalability, speed, security, and utilization, said Peter Mauric – the head of public affairs at Parity Technologies. In an interview with CryptoPotato, Mauric outlined Polkadot’s advantages over Ethereum and spoke about the project’s parachains. Polkadot Over Ethereum Ever since the official launch of the network in 2020 – three years after the ICO – Polkadot, the sharded...
Read More »Bitcoin Amid $32K as Markets Await GBTC Unlock (Market Watch)
While BTC’s price continues to trade in a range of around $32,000, all eyes are on today’s largest GBTC unlocking of over 16,000 bitcoins. On the other hand, some of the altcoins have bounced off since the recent price declines, with DOGE jumping by roughly 9% on a 24-hour scale. All Eyes on GBTC Unlocking After briefly exceeding $33,000 on Thursday, bitcoin started to retrace in value and lost about $2,000 in a day. The subsequent unsuccessful attempt by the bulls to recover...
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