Bitcoin

On-chain data suggests demand for Bitcoin remains significant as newcomer whales in the sector have been scooping up 200,000 BTC every week. Short-Term Holder Bitcoin Whales Have Continued To Accumulate Recently As explained by CryptoQuant author Axel Adler Jr in a post on X, the demand among the short-term holder whales has decreased since the all-time high, although it still continues to remain strong. The “short-term holders” (STHs) refer to the Bitcoin investors who have been holding onto their coins…

Tokyo-based Bitcoin exchange, Mt. Gox is preparing to release a substantial amount of Bitcoin (BTC) into the market, signaling the upcoming disbursement of payments to creditors who had been affected by its hack attack in 2011.   Mt. Gox Set To Release 142,000 Bitcoin Into Market Reports from Reddit reveal that the Kraken Bitcoin (BTC) and Bitcoin Cash (BCH) API interface have signaled that Mt. Gox is getting ready to release its substantial cryptocurrency and fiat holdings, which include 142,000 BTC…

British financial expert Raoul Pal recently predicted a substantial surge in Bitcoin’s value, hinting at a parabolic rally during an upcoming “Crypto Summer and Fall.” Known for his macroeconomic expertise, Pal, a former Goldman Sachs executive, is a staunch advocate for crypto. Why Pal Predicts Bitcoin Bull Run? Pal anticipates the market will soon enter what he whimsically calls the “Banana Zone.” He expects this period to trigger a full-scale mania in the crypto sphere, continuing well into 2025. This…

The US Consumer Price Index (CPI) data, set to be released tomorrow, May 15 (Wednesday), at 8:30 am ET, is anticipated to be a potentially significant catalyst for the Bitcoin price. This expectation stems particularly from Bitcoin’s recent trend of responding to macroeconomic news, indicating a heightened sensitivity to such data in influencing its market dynamics. The CPI measures inflation by tracking changes in the price levels of a market basket of consumer goods and services. The upcoming report is…

The native token of the Telegram-connected Open Network, Toncoin (TON), has outperformed Bitcoin (BTC) despite the recent market turbulence. Bitcoin fell by 3% over the last week, while TON increased by nearly 20%. Within the cryptocurrency world, this unexpected outperformance has set off a wild speculating frenzy. Will TON’s rapid ascent continue, or is this merely a passing blip? Social Buzz Fuels The Toncoin Engine One key factor behind TON’s recent success appears to be a surge in social media…

The huge majority of people either just about get by, or if they have any money left over, they just stick it in the bank. This will not get you through. You need assets, and stacking bitcoin could be a good way to start building that wealth. Most people have no idea what is going on with the economy If you are among the 90 odd percent of people who just about manage to make a living, going from paycheck…

Bitcoin miners are starting to feel pinched as halved rewards become their new reality post-halving. A spike in network fees briefly eased their strain. Yet, declining transaction fees are now increasing financial pressure. Post-Halving Pressures Mount for Bitcoin Miners Amid Declining Fees Kaiko Research recently reported a surge in daily average network fees after the halving. This surge helped Bitcoin miners offset some discomfort, albeit temporarily. However, the initial user rush to the Runes protocol has cooled. According to Dune…

Upcoming CPI and other economic data are poised to influence Bitcoin’s pricing trends. The 2024 halving is set to reduce mining rewards, potentially affecting the entire mining ecosystem and market stability. In line with VanEck’s previous insights on the 2024 Bitcoin Halving, the event is anticipated to be pivotal, with mining rewards halving to 3.125 bitcoins per block. This reduction is likely to profoundly influence the mining landscape by altering profitability and hastening advancements in mining technology. Historically, such events…

The post Bitcoin Price Successfully Reclaims $62K Mark Whereas Ethereum Continues Its Struggle! appeared first on Coinpedia Fintech News The crypto industry has recorded a significant jump of 1.76% in its valuation with the price of Bitcoin displaying a rise of $1,819.10 (2.73%) and a trading volume of $27.801 Billion (+64.23%) within the past day. However, the altcoin leader, ETH Price, struggles to reclaim the $3,000 mark and continues to hover close to it with a 24-hour high of $2,994.87…