Tag: Bitcoins

Bitcoin’s dive under $27K liquidates $100M — So why aren’t margin traders flipping bearish?

Bitcoin’s price (BTC) broke below its 55-day support at $27,000 on May 12. In result, the two-day, 7% correction to $26,155 caused $100 million worth of long BTC futures contracts to be liquidated. However, Bitcoin margin and futures markets displayed strength during the down-move, fueling hope of a recovery toward $28,000. Regulatory pressure, stronger U.S. dollar bite Regulatory uncertainty in the United States significantly increased after Bitcoin miner Marathon Digital received yet another subpoena. The publicly traded mining company informed investors on May 10 that it received a subpoena from…

Bitcoin’s dive under $27K liquidates $100M — So why aren’t margin traders flipping bearish?

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Bitcoin’s price (BTC) broke below its 55-day support at $27,000 on May 12. As a result, the two-day, 7% correction to $26,155 caused $100 million worth of long BTC futures contracts to be liquidated. However, Bitcoin margin and futures markets displayed strength during the down-move, fueling hope of a recovery toward $28,000. Regulatory pressure, stronger U.S. dollar bite Regulatory uncertainty in the United States significantly increased after Bitcoin miner Marathon Digital received another subpoena. The publicly traded mining company informed investors on May 10 that it received a subpoena from…

Why Passive Portfolios Can’t Compete with Bitcoin’s Returns

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We compared BTC’s returns to passive, market-cap weighted portfolios of the top 10, 25, 50, and 100 tokens over the past five years. None of these passive portfolios were able to outperform BTC. And some of them lost money over this period. BTC is also one of the lowest volatility digital assets, so this outperformance is impressive on a risk-adjusted basis as well. Original

Bitcoin’s unexpected chain fork results in double spending of 10 BTC

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to Fork Monitor, a platform dedicated to tracking chain forks, the Bitcoin network recently experienced an unexpected chain fork at the block height of 788686. The unforeseen event resulted in the double spending of almost 10 bitcoins (BTC). Prominent Chinese blockchain reporter Colin Wu called attention to the development in a tweet today, citing data from Fork Monitor.  According to ForkMonitor, a chain fork with a length of 2 occurred at block height 788686 of…

Bitcoin’s BRC20 Token Economy Skyrockets 192% to $279 Million in Just Four Days – Blockchain Bitcoin News

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Four days ago, the market capitalization of all the BRC20 tokens built on top of the Bitcoin network was a modest $95 million. However, over the past four days, the BRC20 market valuation has seen tremendous growth, increasing by 192% and reaching $279 million. More Than 13,000 BRC20 Tokens Built on Bitcoin Are Now Worth $279M The BRC20 token standard, which is built on top of the Bitcoin network, is gaining momentum and the BRC20 token economy is flourishing. As of Sunday, May 7, 2023, the BRC20 token economy is…

Cardano’s founder highlights Bitcoin’s limitations, says ADA is better

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In an interview with Maria Bartiromo of Fox Business, Charles Hoskinson, the founder of Cardano, a smart contracting platform; and lead of Input-Output (IO) Global, pointed out various limitations of Bitcoin, specifically highlighting the network’s restricted functionality. Hoskinson said Bitcoin is not programmable and can only carry out restricted activities, primarily value transfer. The founder also discussed the achievements of Cardano, a blockchain network whose native currency, ADA, is held by over 3.5 million users. Hoskinson, also one…