
Bitcoin Liveliness Trending Down as Investors Keep Holdings Untouched
Bitcoin rebounds to $109K as investors hold steady and ETFs boost demand. Analysts eye a potential rise to $120K despite low on-chain activity.
Bitcoin rebounds to $109K as investors hold steady and ETFs boost demand. Analysts eye a potential rise to $120K despite low on-chain activity.
Robert Kiyosaki regrets not buying more Bitcoin earlier, when the crypto asset was valued at only $6,000. On June 30, BTC jumped to $107,000.
After billions of dollars in Bitcoin withdrawals from exchanges, a key technical indicator suggests the demand might see a pause.
The crypto community makes different predictions as the high-stakes trader James Wynn decided to enter the trading zone again.
Bitcoin roared back above $106,000, following reports of a ceasefire between Iran and Israel and ending a plunge below $99K.
The crypto market is far from its peak, as a key indicator with strong historical accuracy suggests further bullish momentum for Bitcoin.
Sequans Communications is set to invest $384 million into Bitcoin, joining the ranks of corporate giants like MicroStrategy.
Panther Metals plans to use £1.3M in Bitcoin collateral to finance its Pick Lake mining acquisition.
The Bitcoin price slipped under $ 100,000 for the first time in six weeks after Iran closed the Strait of Hormuz, escalating Middle East tensions.
Michael Saylor sees BTC at $21 million by 2046, even as analysts warn of deteriorating on-chain liquidity and heightened short-term volatility.
Nakamoto Holdings, a Bitcoin-focused firm led by David Bailey, advisor to President Donald Trump, secured $51.5 million in a rapid private placement.
Bitcoin retreated to $104,800 after hitting $105,500 resistance as miners offloaded 30,000 BTC worth $3.2 billion over three weeks, dampening rebound prospects.
A European Bitcoin treasury firm increases its Bitcoin holdings by $20 million.
BlackRock’s iShares Bitcoin Trust (IBIT) recorded $639 million in inflows on June 17, accumulating 6,088 BTC from the open market.
Metaplanet offers a forward Bitcoin yield of 400% compared to Strategy’s 30%, with year-to-date stock gains of 411% versus MSTR’s 28%.
Bitcoin News Today
Bitcoin (BTC) news covers all information on Bitcoin and other related cryptocurrencies. Bitcoin is a digital currency that was created in 2009 by anonymous founder Satoshi Nakamoto and has since gone on to lead the rise of other digital currencies like it, such as Ethereum (ETH), Ripple (XRP), Litecoin (LTC), EOS, Binance Coin (BNB), Monero (XMR), Bitcoin Cash (BCH) and Tether (USDT) among others. The cryptocurrency is decentralized and thus can be sent and transacted over its own peer to peer Blockchain network without a middleman verifying a transaction.
Bitcoin Adoption
Bitcoin (BTC) has grown in leaps over the decade and has had it’s worth multiply in hundreds and thousands since January 2009 when the first BTC block was mined. Bitcoin transactions are irreversible and pseudonymous amongst other properties. Confirmed transactions on the Bitcoin Blockchain network cannot be undone, which in its way also contributes to the strong security associated with BTC.
Over time the awareness that bitcoins like most crypto currencies operate outside the control or regulation of any third parties such as banks, financial institutions, or the government triggered a wakeup call directed to the risks investors may be exposed to when involved in this venture.
Venturing in Bitcoin
Apart from being trustless, the crypto coin is also permissionless, which sets it apart from traditional fiat currencies and government issued money. The cryptocurrency exchange is also important in bitcoin transactions and the overall ecosystem. You’ll need a cryptocurrency exchange to exchange fiat currencies or regular-coins for some BTC.
Bitcoin Mining
Bitcoin mining operations are done to issue new BTCs into the market, with the overall BTCs eligible for circulation set at 21 million. At present, Bitcoin now has more than 18 million coins in circulation and its next halving event, which would reduce its mining rewards by half for the third time, has been slated for May 2020. At present, Bitcoin has a total market capitalization higher than $110 billion and has hit records higher than 300 billion in the past. The next few years might see Bitcoin eclipse its previous records.