Tag: Bitcoins

Bitcoin’s move to new highs paused due to intense profit taking; expert says it’s ‘perfectly normal’

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Bitcoin’s advance to $71,375 on March 26, approaching its all-time high, was stalled due to intensified profit-taking activities, according to insights from Glassnode. “Several on-chain indicators have flagged an uptick in profit-taking events,” the analytics firm wrote in a newsletter received by Crypto.news. Glassnode’s analysis revealed that as Bitcoin’s price retracted from its all-time high to a recent low of $61,200, approximately 2.0 million Bitcoin shifted from ‘in-profit’ to ‘in-loss.’ However, as the market recovered slightly, around 1.0 million of these coins regained their ‘in-profit’ status due to the substantial…

Mega Whale Moves 2,000 Dormant Bitcoins From 2010 in Third Series of Transfers This Month

On March 1, a well-known colossal whale holding bitcoins from 2010 activated 2,000 dormant bitcoins across 40 transactions in a single block. Just four days afterward, on March 5, this entity once more made waves by transferring 1,000 bitcoins originating from the same year. For the third instance in March, this entity has returned, reallocating […] Source CryptoX Portal

Will Bitcoin’s success bring its doom?

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As the fourth Bitcoin (BTC) halving gets closer, some experts believe the event could lead to centralization risk, threatening the blockchain network. Once every four years, the block reward for Bitcoin miners is cut in half to help the asset maintain its scarcity. The event is called halving. Historically, miners have stayed fully operational and even grown in number over the last three compensation cuts thanks to the rising BTC price. However, many wonder if the BTC price is high enough for miners to remain operational or if it would…

Nobody Wants to Sell BTC, Analyst Says as Bitcoin’s Onchain Activity Limps

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Bitcoin’s Dormant Giants: March Sees Unprecedented Movement of Vintage BTC

In recent times, bitcoin has consistently remained above the $60,000 mark throughout the entire month of March. With its value soaring, many long-standing holders have started to transfer substantial quantities of dormant bitcoins from wallets that have not seen activity for years. March has emerged as a pivotal month for transactions involving these vintage bitcoins. […] Source CryptoX Portal

Report: Bitcoin’s Mining Landscape Braces for Shift as Halving Could Slash 100 EH/s of Hashpower

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Based on a recent analysis, numerous outdated bitcoin mining devices likely powered up in response to the latest uptick in bitcoin’s value. However, with the anticipated block reward halving, it’s projected that around 100 exahash per second (EH/s) of computing power might be disconnected after the event. Bitcoin Miners Enjoy Revenue Boost, Yet Face Potential […] Original

Bitcoin’s Next Halving ETA Advances Amid Mining Frenzy and Launch Hype, Setting Stage for Historic Block 840,000

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HALVE TIME: The expected date of the next Bitcoin halving keeps creeping forward – thanks to miners upgrading to faster, more powerful machines and powering up older models, incentivized by this year’s BTC price runup to a new all-time high around $74,000. The halving’s ETA is now somewhere around mid-April, a couple weeks earlier than was expected a few months ago. A similar thing happened four years ago, when prices were also surging, essentially causing the blockchain to speed up. What’s different this time around – and perhaps different from…

Bitcoin’s price could fall to $66k as Uniswap lists new meme coin

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin faces a potential correction, projecting a drop to $66,000 amidst market speculation. Meanwhile, Uniswap’s addition of the memecoin Rebel Satoshi (RBLZ) stirs investor excitement. Bitcoin’s price trajectory is again under scrutiny, with concerns looming over a potential correction. Despite recent surges, there are whispers of a downturn, with projections suggesting a drop to $66,000. Let’s explore this alongside the latest developments in the cryptocurrency space, including the listing…

Bitcoin’s Drop Below $62K Is the Biggest Single-Day Loss Since FTX’s Collapse

Bitcoin’s (BTC) price correction gathered pace Tuesday as the U.S.-listed spot exchange-traded funds (ETFs) fell out of favor. The leading cryptocurrency by market value fell over 8% to under $62,000, data from charting platform TradingView shows. That’s the biggest single-day percentage (UTC) decline since Nov. 9, 2022. That day, prices tanked over 14% as Sam Bankman Fried’s FTX, formerly the third largest crypto exchange, went bankrupt. Bitcoin’s latest price slide has been catalyzed by several factors, including outflows from the spot ETFs, according to trader and economist Alex Kruger. Provisional…