Bitcoin

A wallet that laid dormant for 10.3 years has suddenly sprung to life, transferring all 687.33 bitcoins, worth almost $44 million, on May 6, according to Lookonchain’s latest findings. The wallet in question had received the 687.33 BTC, valued at $630,000 at that time, on January 12, 2014, when bitcoin’s price was $917 and, interestingly, a time when Satoshi Nakamoto was still on the scene. Satoshi-Era Bitcoin Wallet Comes Alive The movement of funds from such decade-old dormant wallets often…

Analysts at investment research firm Bernstein have reaffirmed their prediction that bitcoin (BTC) would hit $150,000 in this bull cycle despite the asset’s retracement in recent weeks. According to a recent report, Bernstein analysts Gautam Chhugani and Mahika Sapra said Bitcoin metrics show the network is in a healthy cycle still in its early stages. Notwithstanding the latest dip, the leading cryptocurrency is far from done. Bernstein Reiterates BTC $150K Prediction Bernstein first predicted that BTC would rally to $150,000…

After an extended period of sideways consolidation, Bitcoin witnessed a downtrend, breaking below the significant support zone of $59K. However, a notable bullish rebound near the 100-day MA suggests the potential for a resurgence in buying pressure. Technical Analysis By Shayan The Daily Chart Upon a comprehensive review of the daily chart, it becomes evident that Bitcoin underwent an extended phase of sideways consolidation within the pivotal price range of $59K to $72K. The recent price action saw a decline,…

Bitcoin reaches a major milestone by processing its one billionth transaction after 15 years in existence.  Interestingly, Ethereum was the first to reach this milestone, surpassing 2 billion transactions in 2023 despite its operation since 2015.  Bitcoin (BTC) has reached a monumental milestone, processing its one billionth transaction after 15 years, four months and four days since Satoshi Nakamoto mined the first block on January 3, 2009. In a report confirmed from Clark Moody’s Bitcoin dashboard, the 1,000,000,000 transactions were…

Charles Hoskinson explores integrating Bitcoin Cash with Cardano technologies including Proof of Work Leios, NiPoPoWs, and Ergo. Potential partnership could create the fastest and most efficient proof of work network. In a recent CNF update and subsequent posts on social media platforms like X (formerly Twitter), Charles Hoskinson, the founder of Cardano and CEO of IOHK, has openly criticized the Bitcoin community for its hostility while praising the more welcoming nature of the Bitcoin Cash community. This background sets the…

Bitcoin, the trailblazer of cryptocurrencies, reached a symbolic milestone this weekend, processing its 1-billionth transaction. This achievement has ignited a celebratory mood among proponents, who hail it as a testament to the digital currency’s growing legitimacy and potential. However, beneath the champagne toasts, whispers of caution linger as analysts grapple with the true significance of this benchmark. Bitcoin’s Blockchain Bonanza: Security And Speed Take Center Stage At the heart of the celebration lies the accomplishment itself. Bitcoin’s decentralized network, often…

The current Bitcoin price behavior and its deviations from expected cyclical patterns remain a central theme of analysis. Crypto analyst Rekt Capital (@rektcapital) recently shared new insights on X concerning Bitcoin’s potential peak during the ongoing bull run, which is progressing at an atypical pace compared to historical data. When Will Bitcoin Peak This Cycle? In a detailed post, Rekt Capital pointed out that as of mid-March 2024, Bitcoin had not only reached new all-time highs but had done so…

The Bitcoin network has achieved a new milestone: one billion processed transactions, 15 years, four months, and four days after its genesis block was mined. According to data on Clark Moody’s Bitcoin dashboard, the one billionth transaction was mined into block 842,241 on May 5 at 9:34 pm UTC. Bitcoin Process One Billion Transactions Bitcoin’s latest milestone comes less than three weeks after the network completed its fourth halving, which cut miners’ block rewards from 6.25 bitcoin to 3.125 BTC.…

TL;DR SHIB tops some trading charts for April, surpassing BTC, DOGE, and ETH, showcasing its consistent popularity among traders. Analysts like Ali Martinez and Rekt Capital anticipate a potential Shiba Inu bull run, with buy orders placed and bullish predictions suggesting triple-digit price increases. SHIB’s Solid Achievement Shiba Inu continues to make the headlines by registering substantial price spikes and achieving numerous advancements.  For example, it topped WazirX’s ranking as the most-traded cryptocurrency for April, leaving Bitcoin (BTC), Dogecoin (DOGE),…