BTC

Singapore, Singapore, August 21st, 2024, Chainwire The landmark milestone marks the start of a new era for Bitcoin’s utility Following the launch of FBTC, an omnichain Bitcoin asset maintaining a 1:1 peg to BTC, Ignition today announced that FBTC has crossed $100M in Total Value Locked (TVL) according to Dune. Also announced is the “Sparkle” campaign, where early FBTC holders will receive points-inspired “Sparks” for future rewards. FBTC is supported by core contributors Mantle, a burgeoning DAO-led blockchain ecosystem built…

Bitcoin’s value remains surprisingly stable, even after Mt. Gox, the defunct crypto exchange, transferred 13,265 BTC. These BTC are approximately worth $782 million. Specifically, this transaction includes 12,000 BTC shifted into a new wallet and 1,265 BTC to an internal wallet. Bitcoin Trades Near $60,000 Despite Mt. Gox Transfers According to the latest update, Mt. Gox moved 1,265 BTC worth $75 million to the crypto exchange Bitstamp around 30 minutes ago. These funds will facilitate the repayment of the creditors.…

The post BlackRock Is Now The Third Largest Bitcoin Holder With 350,000 BTC! appeared first on Coinpedia Fintech News BlackRock has rapidly expanded its Bitcoin holdings, which now owns close to 350,000 BTC. This makes it the third-largest holder globally, only behind Satoshi Nakamoto and Binance. The massive milestone comes as BlackRock strengthens its position in the cryptocurrency market, driven by the success of its Bitcoin ETFs and increased institutional interest. The iShares Bitcoin Trust, launched by BlackRock earlier this…

Despite recent struggles, Bitcoin (BTC) has reclaimed the $60,000 price level and is trading at $61,100, up over 4% during the past 24 hours. BTC and Ethereum (ETH) were trading flat early on Monday but quickly shrugged off the initial lethargy to record noticeable gains.  Other cryptocurrencies, such as Toncoin (TON), also made considerable gains on Monday, buoyed by the news of a partnership between HashKey and GameFi project Catizen. DYDX has also recorded an uptick as traders remain optimistic…

Fear still pervades the crypto market. Bitcoin (BTC) has managed to stay above the important $58,000, but sentiment is still poor. However, certain macro indicators have now signalled that a big change is coming. Is Bitcoin about to do the unexpected and head back to the all-time high? A long period of consolidation was necessary When Bitcoin started its wild ride upwards in September 2023, not many were expecting the eventual 196% gain, equivalent to $49,000 in the space of…

The post Why is Bitcoin Price Up Today? BTC Price Follows Asia’s Nikkei 225, Hits $60.5K appeared first on Coinpedia Fintech News Bitcoin (BTC) price closely followed Asia’s Nikkei 225 in a bullish recovery on Tuesday. The flagship coin pumped over 3 percent in the past 24 hours to trade about $60.5k on Tuesday during the early Asian session. As a result, almost the entire crypto industry followed the same path, led by Binance Coin (BNB), Ripple-backed XRP, and Tron…

Bitcoin (BTC) is currently in red regarding price performance, dragging the rest of the crypto market along with it. Amid the continuous bearish price action, the latest data has revealed that Bitcoin short-term holders now face losses compared to their initial purchase prices. Onchain data expert James Check highlighted this in a recent post on X, disclosing that over 80% of Bitcoin’s short-term holders, those holding their BTC for less than 155 days, have bought their tokens at prices higher…

Bitcoin’s (BTC) price may have officially hit “reset” following an incredible rise in the coin’s long-term holder net position change. Historically, a rise in this metric helps the price recover. But will it be the same this time? This on-chain analysis examines the chances. $20 Billion in the Bag for Bitcoin HODLers According to Glassnode, Bitcoin’s long-term holder net position change has been increasing since July 22. However, today, the metric, which tracks the 30-day change in supply held by…

A significant amount of dormant Bitcoin from 2013 has resurfaced in the market, sparking speculation about shifting investment strategies. Over 860 BTC, valued at $24 million, moved in a series of transactions last week, marking the first activity in these wallets since their creation. This movement suggests that long-term holders, often referred to as "diamond hands," might be reconsidering their positions, opting to diversify into other promising assets like Solana (SOL) and trending meme coin MoonTaurus (MNTR). Bitcoin’s Old Guard…