Tag: Bitcoin

Dormant No More: 2012 Bitcoin Wallet Moves $35.7M, Linked to Last Month’s Whale Transfers

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On Sunday, Nov. 17, at block height 870,770, a long-inactive bitcoin wallet—created on June 5, 2012—sprang to life, moving 400 BTC valued at $35.7 million. The individual behind the transaction might be the same entity that transferred bitcoin acquired in 2011 and 2012 just last month. 2012 Legacy Wallet Moves $35.7M, 200 Bitcoin to Bitstamp, […] Original

Bitcoin Bulls Aren’t Backing Down: Rally Continues?

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Bitcoin price saw a short-term correction below the $90,000 zone. BTC is now again rising and the bulls could now aim for a move above $94,000. Bitcoin started a fresh increase from the $86,600 zone. The price is trading above $88,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $91,000 resistance zone. Bitcoin Price Aims Higher Bitcoin…

Michael Saylor Targets $100K Bitcoin This Year — Says All Microstrategy Investors Want More BTC

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Michael Saylor is planning a $100K bitcoin celebration, citing bullish momentum fueled by Wall Street support, regulatory optimism, and Microstrategy’s aggressive BTC acquisitions. ‘All of Our Investors Tell Me, They Want Me to Buy More Bitcoin’ Michael Saylor, the pro-bitcoin executive chairman of Microstrategy (Nasdaq: MSTR), delved into BTC’s trajectory and the cryptocurrency industry’s future […] Original

Republican Senator proposed to buy more Bitcoin by selling The Fed’s gold

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U.S. Senator Cynthia Lummis proposed a Bitcoin national strategic reserve by selling some of The Federal Reserve’s gold, rather than buying from government budget. Cynthia Lummis, a Republican Senator, plans to push President-elect Donald Trump’s masterplan for Bitcoin into reality. Lummis has mentioned, in an interview with Bloomberg, that some of The Federal Reserve’s gold could be sold to buy more Bitcoin, rather than buying from the federal government budget. “We already have the financial assets in the form of gold certificates to convert to Bitcoin,” Lummis said. Following her…

Bitcoin Miners Sold Over 3,000 BTC In The Past 48 Hours – Consolidation Phase Ahead?

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Este artículo también está disponible en español. Bitcoin has maintained its bullish momentum over the weekend, solidifying its position above the $90,000 mark. This milestone showcases Bitcoin’s resilience as it continues to captivate investors with its upward trajectory. The market has been buzzing with optimism as Bitcoin inches closer to new highs. However, recent on-chain data suggests that a potential pullback could be on the horizon. Related Reading Key data from CryptoQuant reveals that Bitcoin miners have sold over 3,000 BTC in the past 48 hours. This wave of miner…

Ethereum Sees $1 Billion Exchange Outflow Alongside Bitcoin

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Este artículo también está disponible en español. Ethereum has witnessed a huge surge in on-chain activity in the past week, with data showing an accumulation trend from crypto exchanges. According to on-chain analytics platfrom IntoTheBlock, about $1 million worth of Ether was withdrawn from crypto exchanges last week. This shift suggests that investors are adopting a holding strategy, even as the Ethereum price consolidates below $3,200. Related Reading Notably, the last time Ethereum had outflows of this magnitude was in May 2023. The massive exodus of ETH from exchanges could…

RFK Jr. Calls Bitcoin ‘A Hedge for Middle Class Americans’ Amid Treasury Secretary Contest

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On Saturday, Robert F. Kennedy Jr., the designated Secretary of Health and Human Services (HHS) for the Trump transition team, took to the social media platform X to declare that bitcoin is “a hedge against inflation for middle class Americans.” Bitcoin at the Forefront: Kennedy and Bass Spar Over Treasury Contenders This weekend, Kyle Bass, […] Original