btc Archives

Mt. Gox Stirs Market with 500 Bitcoin Transfer to Unknown Wallets—What’s Next for BTC?

November 2, 2024 boss

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Bitcoin Price Correction Triggers $296 Million In Liquidations – Can BTC Still Hit ATH?

November 2, 2024 boss

Este artículo también está disponible en español. Bitcoin (BTC) has had a volatile 24 hours, hitting as low as $68,830 on the Binance crypto exchange before recovering some losses. Liquidation Data At A Glance Although BTC is trading close to its all-time high (ATH) value of $73,737, yesterday’s quick drop in price cast doubts on whether the top digital asset will be able to record a new ATH. Related Reading According to CoinGlass data from the crypto liquidations tracker, more than $296 million of active positions were liquidated in the…

Whale panics amid Bitcoin dip, sells 2,019 BTC

November 1, 2024 boss

Bitcoin’s price dip below $70,000 has seen one whale panic, selling 2,019 BTC amid jitters over further declines. According to Lookonchain, a smart money on-chain account on X, as Bitcoin (BTC) extended its decline from the recent peak above $73,000, a whale address that had previously sold in October appeared spooked. Data indicates that the large BTC holder, likely concerned about potential downside pressure, panic-sold $141.5 million worth of the flagship cryptocurrency. This 2,019-BTC dump wasn’t a one-off for the whale. On-chain data shows that this particular large holder had…

Bitcoin (BTC) Mining Bans Can Backfire on Climate Conscious Governments: Exponential Science

November 1, 2024

Overall, mining bans would be more effective, from an environmental perspective, in countries such as China, Russia, and Malaysia, with Kazakhstan taking the lead in that category. They will backfire, however, in most of the Americas and in Europe, with a special emphasis on Nordic countries and Canada. Source

Bitcoin Technical Analysis: BTC Bulls Make Another Attempt at Price Peak

November 1, 2024 boss

Following a recent boost in bitcoin prices driven by the U.S. jobs report, BTC/USD traded at $71,447 on Nov. 1, 2024, showing encouraging resilience around support zones despite recent price fluctuations. Bitcoin In late October, bitcoin climbed to $73,600 before experiencing a pullback that brought prices below $70,000. Today, the price has seemingly stabilized above […] Original

Bitcoin Price (BTC) Volatile, but Holding Near $70K Following Weak Employment Report

November 1, 2024 boss

The U.S. added just 12,000 jobs in October, according to the Nonfarm Payrolls report, well shy of economist forecasts for 113,000. September’s job gain of 254,000 was revised down to 223,000. October’s unemployment rate was 4.1% versus 4.1% expected and 4.1% in September. Original

Canaccord Lauds MicroStrategy’s (MSTR) Leverage Strategy, Labels It One of the Best Bitcoin (BTC) Exposure Plays

November 1, 2024 boss

“If stock price is the true test for any business model, then in our view MSTR is hard to beat,” analysts led by Joseph Vafi wrote, noting that since the firm adopted its bitcoin acquisition strategy in 2020 it has significantly outperformed both equities and the world’s largest cryptocurrency. Original

Bitcoin’s Drop on Thursday Spurred Short-Term Holders to Sell BTC at a Loss: Van Straten

November 1, 2024

The panic selling was the most since Aug. 5’s yen carry trade unwind. Short-term holders — investors who have held bitcoin for less than 155 days — tend to panic and sell when the price drops, and buy when there is euphoria or greed in the market. In total, they sent over 54,000 BTC to exchanges on Thursday, the highest amount since Mar. 27. Source

Crypto Fear and Greed Index Flashes ‘Extreme Greed’ as BTC Price Drop Leads to $250M in Bullish Liquidations

November 1, 2024

Nearly 90% of all futures bets were bullish, or expecting higher prices over the weekend ahead of the U.S. elections on November 5. Market conditions in the past few weeks, including global monetary policies and U.S. political support, indicated a continued bullish trend, with some traders targeting $80,000 for BTC in the coming weeks. Source

BlackRock’s Bitcoin ETF Reaches 2% Of Total BTC Supply Amid Record Inflows

November 1, 2024 boss

Este artículo también está disponible en español. On Wednesday, BlackRock, the world’s largest asset manager, achieved a significant milestone in the Bitcoin ETF market, recording the largest inflows since the inception of these investment funds in January. Bitcoin ETF Demand Soars Ahead Of US Presidential Election According to Bloomberg, approximately $872 million flowed into BlackRock’s iShares Bitcoin Trust on Wednesday, marking a daily record for the fund. This influx highlights the strong demand for Bitcoin ETFs, with subscriptions for this nine-month-old product ranking among the highest globally for ETFs in…