Tag: Bitcoin

As Bitcoin Rises, Why is Ethereum Struggling To Catch Up? Analyst Explains

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Este artículo también está disponible en español. While Bitcoin has faced strong bullish momentum in recent weeks, achieving new all-time highs consistently for days, Ethereum has been an underperformer, unable to catch up with BTC’s bullish pace. Even compared to other crypto assets (altcoins) in the market, Ethereum has failed to make a major rally that melts faces. Instead, as Bitcoin achieved a peak above $93,000, leading the overall crypto market in a bullish market, Ethereum has only been able to surge to just $3,396 over the same period BTC…

Bitcoin Exchange Reserves Hit 5-Year Low—What Does This Signal?

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The Bitcoin market appears to have taken an intriguing turn as the asset’s reserves on centralized exchanges have hit the lowest levels since November 2018. This development, highlighted by a CryptoQuant analyst known as G a a h, points out a notable change in BTC’s investor behavior within the crypto space and also suggests quite an interesting trend for Bitcoin. Bitcoin Reserves On Exchanges Reach Five-Year Low According to the analyst, Bitcoin reserves on exchanges have diminished significantly throughout 2024, reflecting a shift towards long-term holding strategies among market participants.…

Bitcoin To $800K? Galaxy Digital CEO Unveils 5-10 Year Forecast

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Analyst Says Bitcoin Has Entered The ‘Thrill’ Phase, Here’s What To Expect Next

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Este artículo también está disponible en español. Crypto analyst Ash Crypto has revealed that Bitcoin has entered the ‘thrill’ phase. The analyst further explained what to expect from the flagship crypto moving forward, having entered this phase of the bull run.  What To Expect From Bitcoin In ‘Thrill’ Phase In an X post, Ash Crypto revealed that Bitcoin is entering the thrill phase. Based on this, he told market participants to expect high volatility and more liquidation. Overall, the analyst remarked that the Bitcoin price trend will be to the…

Goldman Sachs’ Bold Bet: Bank Boosts Its Bitcoin ETF Stake to $710 Million

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The substantial increase in Goldman Sachs’ bitcoin ETF holdings demonstrates the growing interest of institutional investors in bitcoin. Institutional Investments in Bitcoin Keeps Rising The U.S. Securities and Exchange Commission’s (SEC) 13F report for Q3 ending Sept. 30 revealed that Goldman Sachs now owns $710 million in cryptocurrency assets. The 13F report is a mandatory […] Original

Solidion Technology Allocates 60% of Its Cash to Buying Bitcoin

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Solidion Technology follows other institutional investors such as Microstrategy by purchasing bitcoin with a plan for future acquisitions. Strategic Bitcoin Allocation for Solidion Treasury Solidion Technology, a provider of advanced battery materials, announced on Thursday that it had invested a portion of its excess cash reserves in bitcoin. This strategic move aligns with the company’s […] Original

Bank Clients Just Dipped Their Toes Into Bitcoin (BTC) ETFs, but Q4 Could See a FOMO Spike

Other top-tier banks/wealth management operations, including Morgan Stanley, Cantor Fitzgerald, Royal Bank of Canada, Bank of America, UBS and HSBC, didn’t add to or subtract much from their positions. A new entrant was Australian investment bank Macquarie Group, which purchased 132,355 shares of IBIT worth $4.8 million. Wells Fargo, which has a very minor stake in the ETFs, held most of its shares in the Grayscale Bitcoin Trust (GBTC) and Grayscale Bitcoin Mini Trust (BTC). Source

Satoshi-era Bitcoin wallet moves 2,000 BTC for the first time since 2010

A wallet that first received coins in the early years of Bitcoin has moved 2,000 BTC for the first time since 2010. The Bitcoin (BTC) wallet, which falls under the so-called “Satoshi-era wallets”, moved the BTC worth nearly $180 million to U.S.-based crypto exchange Coinbase on Nov. 15. According to Lookonchain, on-chain data shows the whale hodled for 14 years. That means the miner held on from when Bitcoin price hovered below 10 cents. Now, with rapid adoption, the coins mined when BTC creator Satoshi Nakamoto was still active online…

Bitcoin mixer operator sentenced to 3 years for laundering over $300m

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Larry Harmon, an Ohio resident, has been sentenced to three years in prison for laundering more than $300 million worth of Bitcoin through his darknet service, Helix, according to Bloomberg. The platform operated a tool designed to obscure the origins of cryptocurrency transactions, enabling users, primarily criminals, to move funds undetected, according to the U.S. Justice Department The service was active from 2014 to 2017, during which Harmon partnered with major darknet marketplaces like AlphaBay to process illegal transactions involving drug sales, stolen data, and counterfeit goods. Unlicensed money-transmitting Harmon…