Bitcoin

Georgetown, Cayman Islands, June 7th, 2024, Chainwire DeFi.Gold, a leading decentralized exchange (DEX) and NFT marketplace on the Bitcoin blockchain, announces a strategic alliance with Babylonchain. This integration, available by Q4 2024, will allow DeFi.Gold users to stake Bitcoin (BTC) and earn native yields on other blockchains supported by Babylon, directly on the DeFi.Gold DEX. Empowering Decentralized Finance DeFi.Gold is at the forefront of innovation, developing one of the first DEXs for Bitcoin assets following the Ordinals, Runes, Taproot Assets,…

BlackRock’s iShares Bitcoin Trust (IBIT) has significantly impacted the crypto market by acquiring close to $780 million in Bitcoin (BTC) over just three days. This surge in investment positions IBIT as a major influence in shaping investor sentiment and market trends. BlackRock’s IBIT Attracts Massive Inflows On Monday, IBIT recorded 0 inflow. However, the fund attracted a substantial $274.43 million on Tuesday, followed by $155.43 million on Wednesday. According to data from SoSoValue, it had drawn an additional $350 million…

Bitcoin (BTC) has recently experienced a significant boom, reaching over $71,000 due to positive macroeconomic indicators and rising interest from institutional investors. This surge, the longest in three months for the cryptocurrency, stems from anticipation of potential rate cuts by the Federal Reserve. Such adjustments could favor speculative assets like Bitcoin. Institutional Confidence Bolsters Bitcoin’s Resurgence Market optimism has grown regarding the Federal Reserve’s potential lowering of interest rates this year. Traders now see a higher likelihood of a rate…

Shiba Inu (SHIB) became the most traded coin on WazirX in May 2024. The number of new accounts on the network skyrocketed by an astounding 3,436% within just 24 hours. In a tweet by India’s top crypto exchange, Wazir X, Shiba Inu (SHIB) has dominated the trading charts, surpassing Bitcoin (BTC), Floki (FLOKI), and Pepe (PEPE) in trading volume in May 2024. This notable performance highlights SHIB’s growing prominence among Indian crypto traders. Top five traded coins on WazirX in…

Bitcoin price started a downside correction from the $71,650 resistance zone. BTC is now consolidating and might correct toward the $69,500 support. Bitcoin struggled above $71,500 and started a downside correction. The price is trading above $70,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $70,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline further if there is a move…

US investment firm Kerrisdale has declared an outright war against Bitcoin, offering a scathing review of the business model of the leading Bitcoin miner in the country. The Bitcoin community has defended the Bitcoin mining business, highlighting the financial opportunities and environmental benefits. Kerrisdale Capital, an investment management firm based in the U.S. has declared an outright war against Bitcoin mining, drawing great attention from the crypto community. Revealing its intent on the X platform, the investment firm offered a…

Bitcoin surges beyond $71,000, marking its fifth consecutive day of gains, amid expectations of potential Federal Reserve interest rate cuts. Fidelity’s Bitcoin ETF witnesses remarkable growth, accumulating nearly $600 million in inflows within two days. Bitcoin, the largest cryptocurrency by market capitalization, surged beyond the $71,000 threshold, marking its fifth consecutive day of gains. This upward trend reflects growing optimism across global markets, driven by expectations of potential Federal Reserve interest rate cuts later this year. With the current streak…

Bitcoin long-term holders are back in profit following the flagship crypto’s recent price surge. However, the same can’t be said for most short-term holders yet, given the levels at which they purchased their Bitcoin holdings.  Only 0.03% Of Long-term Bitcoin Holder Supply In Loss In a recent market report, on-chain analytics platform Glassnode claimed that the total volume of long-term holder (LTH) supply held in loss is “negligible,” with only 4,900 BTC (0.03% of LTH) acquired above Bitcoin’s current price.…

Bitcoin is in an uptrend and will likely breach the all-important liquidation line at $72,000. At the spot rate, the coin is up approximately 25% from May lows and may rally, even breaking all-time highs of $73,800. Retail Interest In Bitcoin Falling Even As Prices Approach All-Time Highs Even as Bitcoin prints impressive higher highs, Mike Alfred, a “value investor” and an active crypto commentator, has identified a surprising disconnect: organic search engine traffic on Google is dropping. Apart from…