Bitcoin

The US Marshal Service can proceed to sell the 69,370 Bitcoin (BTC) that the Department of Justice (DOJ) confiscated from the underground online marketplace Silk Road.  This comes after the Supreme Court turned down an appeal seeking to challenge the ownership of the seized assets. US Marshall Service Gets Green Light To Sell Silk Road Bitcoin In a Monday development, the Supreme Court decided not to give an audience to Battle Born Investments’ appeal. This decision effectively upholds the US District…

Bitcoin price struggled to continue higher above the $64,400 level. BTC is correcting gains and trading near the $62,500 support zone. Bitcoin is holding gains above the $62,500 zone. The price is trading above $62,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $63,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there is a close below…

BlackRock’s stance on cryptocurrencies—especially Bitcoin and Ethereum—has lately made headlines. While Ethereum is considered as a “technology bet,” the investment behemoth sees Bitcoin as a “gold alternative.” This point of view captures a major change in the way conventional finance is starting to welcome digital assets. The company’s findings show that people are becoming more and more sure that Bitcoin can protect against inflation, just like gold has in the past. BlackRock’s Chief Investment Officer, Rick Rieder, recently said that…

The Wall Street Cheat Sheet has been around for years now and is often passed around in finance circles, so Bitcoin has not been left out. The cheat sheet shows different stages of each market cycle, using sentiment to track where in the cycle a particular asset is. With the Bitcoin market seeming to be stuck in limbo, a crypto analyst has applied the information from the Wall Street Cheat Sheet in an effort to show where we are in…

Bitcoin (BTC) had a reasonably positive weekend, pushing back above $63,000 after dropping to a low of $60,031 on Thursday. The world’s largest cryptocurrency is up by almost 3% over the past 24 hours, reaching a high of $63,916 earlier today before sellers pushed the price back below $63,500. BTC is currently trading around the $63,400 mark.  Meanwhile, Ethereum (ETH) briefly climbed above $2,500 in early trading today but quickly fell below that level and is currently trading at $2,480.…

The crypto community is eagerly waiting for the release of an HBO documentary titled “Money Electric, The Bitcoin Mystery.” Some believe that the documentary might reveal the identity of Satoshi Nakamoto, the founder of Bitcoin. The crypto traders are electrified, with nearly $5 million wagered on various predictions through platforms like Polymarket. Who is Satoshi Nakamoto? Len Sassaman, a key figure within the cypherpunk movement, emerges as a top contender. Currently, Polymarket odds suggest a 38% chance that Sassaman will be identified as…

Crypto analyst Ash Crypto has outlined several reasons why the Bitcoin price is poised to reach $100,000 by the end of the year. This price level is one that other market experts like Standard Chartered have predicted that the flagship crypto could hit even before year-end.  Why The Bitcoin Price Can Reach $100,000 By Year-End Ash Crypto stated in an X post that the answer to whether Bitcoin will reach $100,000 in the fourth quarter of this year lies in…

As for those who were not around at the beginning of Bitcoin (BTC) when it was priced as low as $1, the quest for the new great cryptocurrency has never been more thrilling. Bitcoin's climb to thousands in market price has created opportunities for investors to go looking for the next magic digital currencies that might appreciate substantially. Even though Bitcoin has opened the hurdles for the blockchain, several alternatives have come up with new ideas that can revolutionize the…

Bitcoin bulls received a shot in the arm as a much better than expected US jobs figure was released on Friday. The $BTC price gained over the weekend as a result. However, technical indicators are signalling the potential for a lot more choppiness to come for Bitcoin. The number one cryptocurrency is not out of the woods yet. Latest jobs report allays recession fears and sparks short term upside for $BTC Fears of an impending U.S. recession may have receded…