Long-term Bitcoin holders shifted from accumulation to distribution as the price neared $100,000. Data on the Long-Term Holder Supply Net Position Change shows that after accumulating from May to August 2024, holders began distributing assets in late September. Bitcoin LTH supply change (Source: Checkonchain) The net position change indicates that long-term holders were net sellers …
Continue reading “Long term holders take profits as Bitcoin drops to $93k”
Bitcoin’s price movements on Nov. 26, 2024, paint a clear picture of bearish momentum in the short- and mid-term, with a pivotal support zone at $92,000 under close scrutiny. Bitcoin On the 1-hour chart, bitcoin‘s descent is evident, marked by a consistent pattern of lower highs and lows. A bold red candlestick sliced through the …
Continue reading “Bitcoin Technical Analysis: BTC Posts the Largest Bearish Daily Candle in Months”
Babylon Labs and Lombard Protocol have jointly unveiled a strategic initiative aimed at integrating Bitcoin with Sui, the Layer 1 blockchain and smart contract platform. This collaboration seeks to onboard bitcoin liquidity into the Sui ecosystem, enhancing decentralized finance (defi) with LBTC as a core collateral asset. Starting in December, bitcoin holders will be able …
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The U.S. Customs and Border Protection Agency has halted imports of certain Antminer ASICs produced by Bitmain. Bitmain Rivals Spared The U.S. Customs and Border Protection Agency (CBP) has reportedly been blocking imports of Bitmain made Antminer ASICs. The border agency, which has not provided reasons for the blockade, is believed to be acting on …
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As 2024 comes to a close, the crypto market is booming, with Bitcoin reaching an all-time high of $100,000 per BTC. However, this remarkable growth brings heightened responsibilities for crypto investors, particularly as the tax season approaches. Whether you’re preparing for the UK tax deadline on January 31st, navigating the new IRS regulations in the …
With the current price hike and the expected rise in bitcoin adoption by nation-states and private corporations, the world’s attention is on the digital asset. But is it too late to invest in bitcoin, enter the market, and reap the benefits? Not Early, but Not Late: Should You Invest in Bitcoin Now? Bitcoin has recently …
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The idea of bitcoin as a medium of exchange was at the center of its creation, eliminating the need for third parties for transacting. Discussions on social media now recall how Andreas Antonopoulos, a big bitcoin proponent, used it to promote bitcoin back in the day. But is it still relevant today? Bitcoin as a …
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Iran’s central bank signals the imminent launch of the digital rial, a central bank digital currency (CBDC), to streamline payments and bolster international financial integration despite sanctions. Iran’s Central Bank Sends Clear Signals on the Digital Rial Breakthrough Central Bank of Iran (CBI) Governor Mohammad Reza Farzin discussed the digital rial, Iran’s central bank digital …
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A crypto strategist who rode Bitcoin’s 2023 breakout is warning that BTC is at risk of witnessing a significant correction if it fails to rally above $100,000. Pseudonymous analyst DonAlt tells his 63,000 YouTube subscribers that Bitcoin will likely bounce if it pulls back to $90,000. But the analyst warns that a correction now would …
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US Bitcoin mining operations are facing significant delays after the Customs and Border Protection (CBP) agency held shipments of Bitmain Antminer devices at multiple ports of entry, Blockspace reported on Nov. 25. The detained equipment includes Bitmain’s S21 and T21 application-specific integrated circuits (ASICs), which are essential for Bitcoin mining. Several mining companies have reported …
Peter Schiff ignites outrage by claiming that the U.S. becoming a bitcoin superpower would weaken the nation, clashing with crypto advocates championing it as an economic game-changer. Peter Schiff Faces Crypto Uproar Over Bitcoin Superpower Weakness Assertion Economist and outspoken bitcoin critic Peter Schiff has stirred fresh controversy with his critique of President-elect Donald Trump’s …
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The UK government is urged to create a bitcoin reserve as Trump’s pro-crypto policies drive global competition in the race for digital economic dominance. Bitcoin Reserve in UK Sparks Debate as Trump Drives Global Crypto Shift Nigel Green, CEO of Devere Group, an independent wealth management and financial advisory organization, has called on the UK …
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Asset managers have weighed in on Trump’s proposed U.S. bitcoin reserve, reflecting divisions over digital assets in national economic strategy. Asset Managers Divided Over Bitcoin Reserve in Nation’s Bold Strategy Discussions about establishing a U.S. strategic bitcoin reserve have intensified following President Donald Trump’s re-election. Several asset management firms and financial analysts have voiced their …
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Global asset manager Wisdomtree has filed for an XRP ETF in Delaware, marking a potential breakthrough amid regulatory shifts. Regulatory Shifts Loom as XRP ETF Eyes Breakthrough Moment Global investment management firm Wisdomtree, renowned for its extensive range of exchange-traded funds (ETFs), has filed with the state of Delaware to establish an XRP ETF. Fox …
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Michael Saylor advocates for a strategic bitcoin reserve, highlighting its potential transformative impact through historic U.S. investments, such as Manhattan and California acquisitions. Strategic Bitcoin Reserve: Michael Saylor’s Vision for America’s Digital Future Michael Saylor, executive chairman of software intelligence firm Microstrategy (Nasdaq: MSTR) and a leading bitcoin advocate, has highlighted the potential of a …
