Bitcoin

After a two-month breather near its all-time high, Bitcoin (BTC) appears ready to unleash another haymaker, according to crypto analyst Axel Adler. Adler predicts a 300-day bull run fueled by healthy short-term holder profits and a market with plenty of fight left in it. Profitable Punches And Room For More Adler throws down the gauntlet with data on Short-Term Holder Spent Output Profit Ratio (STH SOPR). This metric reveals if short-term holders are cashing out at a profit. Currently, the…

Road Town, Tortola, Russia, May 22nd, 2024, Chainwire GoMining, a premier Bitcoin mining company operating nine top-notch data centers worldwide, has prepared an exciting lineup of community activities to celebrate the annual Bitcoin Pizza Day. The festive program will culminate with the launch of a unique Pizza Miner collection and a big community contest with amazing prizes, including a one-year supply of pizza, 2,000 GOMINING tokens, and three supercharged NFT miners from the celebratory drop. The Pizza Miner NFT Collection…

Donald Trump’s 2024 campaign now accepts cryptocurrency donations, signaling strong support for blockchain technology. Trump’s approach contrasts sharply with the previous administration, highlighting a possible shift in U.S. crypto policy. According to the official website for Donald J. Trump for President 2024, Inc., supporters can now contribute to Trump’s campaign using cryptocurrencies. This initiative underscores Trump’s commitment to American innovation and freedom, positioning him as a frontrunner in embracing new technologies aimed at revitalizing America’s greatness. Strategic Moves in Crypto…

The post Donald Trump Presidential Campaign Now Accepts Bitcoin, Shiba Inu, XRP, Solana, Ethereum and Dogecoin appeared first on Coinpedia Fintech News Donald Trump’s presidential campaign now accepts donations in cryptocurrencies, as disclosed in a press release yesterday via Trump’s official campaign website and X handle. Trump’s supporters can visit the official campaign website to support his presidential bid using eight cryptocurrencies: Bitcoin, Shiba Inu, XRP, Solana, Ethereum, USDC, Dogecoin, and 0x. Supporters can donate anything ranging from $20.42 to…

The post Bitcoin Network Metrics Show Strength Amid Market Volatility appeared first on Coinpedia Fintech News Recent data highlights a significant increase in Bitcoin’s network activity. The mean block size surged by 26.35% in the past 24 hours, reaching 1.752 MB, indicating a rise in transaction volume and network usage. Additionally, Bitcoin’s hash rate increased by 1.26% to 3.185 TH/s, showcasing the robust computational power securing the network. These metrics reflect a healthy and active Bitcoin ecosystem, suggesting strong underlying…

Renowned financial analyst John Bollinger has recently issued a caution regarding the potential for a Bitcoin pullback. After BTC price surged from below $66,000 to almost $72,000 at the beginning of the week, Bollinger, the creator of the widely utilized Bollinger Bands indicator, pointed to specific features in the Bitcoin price chart that suggest a consolidation or pullback could be imminent, though he clarified that his perspective was not bearish on a longer term. The Bearish Argument By John Bollinger…

Bitcoin is holding around the $70,000 level. Consolidation is still taking place, but take-off is imminent. The market awaits the next potentially explosive move. Next upward phase about to begin It’s just a matter of time. Bitcoin made a big move to get where it is now. Therefore, another period of consolidation is only to be expected. Could this period last another few days? Quite possibly. The next most important juncture is the weekly close. If $BTC can close a…

Every May 22, the crypto community celebrates Bitcoin Pizza Day. This historic event occurred in 2010, when Laszlo Hanyecz, a Bitcoin developer, paid 10,000 BTC for two Papa John’s pizzas through the Bitcointalk forum. This transaction went almost unnoticed at the time. However, today, it is legendary, reflecting both the evolution of cryptocurrencies and their transformative potential. What Does Celebrating Bitcoin Pizza Day Mean Today? Back then, Bitcoin was an emerging technology known to only a handful of enthusiasts and…

The basic laws of supply and demand determine the price action of any asset, including Bitcoin. When supply exceeds demand, the asset’s price tends to decline. Conversely, when demand outstrips supply, the price usually rises. These same principles apply to cryptocurrencies, and on-chain metrics can provide valuable insights into Bitcoin holders’ behavior. The Impact of Heightened Profit-Taking When analyzing a Bitcoin bull market over the long term, the price movement typically exhibits significant upward volatility, mixed with periods of corrections…