BTC

Roughly $6 billion worth of Bitcoin (BTC) could fall into the hands of thousands of Mt. Gox creditors around the world. It may happen next month when a bankruptcy case in Japan concludes. The Mt. Gox bitcoin exchange case resolution could create a lot of new bitcoin millionaires. That is because a more significant percentage of the 36,800 creditors of Mt. Gox has payout claims in bitcoins. These creditors have been waiting for almost a decade for reimbursement. Japan-based Mt. Gox…

While much progress has been made on the issue, cryptocurrency adoption remains a significant fight for the broader digital asset industry. Many people have put a lot of work into supporting crypto adoption. For instance, the authorities should be the first to understand the benefits of these assets. In Ukraine, that fight is nearing an unpredictable success. Hello to “On Virtual Assets” Earlier in September, the Ukrainian Parliament adopted new laws. The regulations deal with the activities of domestic and foreign cryptocurrencies…

Bitcoin recently made a bullish statement as it breakout past $50k, while ETH also broke out past its resistance level at $3.3K. The two coins seem to be eyeing new ATHs surpassing the analysts' prediction of $100k and $20 for Bitcoin and Ethereum, respectively. Most of the other coins are also benefiting vastly from bitcoin's bullish trend.  BTC on an Upsurge On Monday, 23rd August, Bitcoin made a bullish statement when it went past its long-term resistance of $50k for…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,827 trillion. Bitcoin is up by roughly 7% after a successful weekly run. Ethereum has increased by over 20% over the past seven days. XRP records a 6% value boost over the week. Dogecoin, Polkadot, and Cardano end the week with significant value boosts. The DeFi sector added almost $8 billion to the total…

Bitcoin has for over a decade now been an investor's favorite asset, with over 20 million addresses holding some amount of BTC. It was introduced as a peer-to-peer medium of exchange, used as a payment asset. The idea was to create a network that is entirely free from governmental regulations. Generally, Bitcoin has been successful as an investment asset but has garnered value because of its use as a medium of exchange. However, some investors would want to invest in…

Per the latest data from analytics firm Glassnode, the number of addresses holding addresses 100-10,000 BTC have hit the 9.23M mark for the first time in history. The significant increase in active addresses comes as more whales move into trading the flagship cryptocurrency following a renewed bullish trend. The blockchain analytics platform shows that active BTC entities jumped 30% at the end of July to reach 325,000 active users, matching levels maintained in July of last year.  Santiment, a crypto…

BTC has surprised market participants lately after a 10-day green streak. The price swings will continue, and experts say they’re something long-term crypto investors will have to tolerate. At the time of writing, BTC is exchanging hands for $41,262.62 per unit. Other CoinDesk digital assets were also green, with ether rising by 4.5% to $2,453 and chainlink rising 13% to $21.8. The recent price action is very bullish for BTC, but the weekly close will give the exact confirmation. The…

Bitcoin is back above $40K after a dramatic fall below the long-held $30K support. The world's leading crypto has re-taken the highs of its current range after institutions rushed in to buy the dip as miners evicted from China sold off their holdings to finance their relocation to friendlier destinations. BTC is now trading comfortably above the $40K level after the general crypto market sentiment flipped bullish, suggesting that bulls are set to see more green days in the near…

The BTC price surged 15% on Monday, rising from the $34.5K level to hit highs of $39,681. Although the bulls are yet to break above the $40K resistance, market participants who have endured months of muted price action now have renewed hope that the bull market is still on. The week is off to an excellent start for bulls, who managed to propel the BTC price to levels not seen since June 16. The uptick kicked off slowly in the…