A prominent crypto influencer has criticized Bitcoin (BTC) for being an antithesis of its founder's vision. Justin Bons, a vocal BTC critic and the founder and CIO of Cyber Capital, took to X to slam the premier crypto for failing to uphold Satoshi Nakomoto's dream of being a P2P digital cash and gold.
Long liquidations and profit-taking from long-term Bitcoin holders are the primary factors in today's sell-off. When will the dip buyers show up?
Ethereum (ETH) price has climbed 46.11%, marking impressive growth but still making it the second-worst performer among the top 10 largest cryptocurrencies. Its recent rally is supported by increasing whale accumulation and a 7-day MVRV signaling neutral to slightly bullish sentiment.
Bitcoin has witnessed a massive shift in market dynamics, with $6 billion worth of BTC being withdrawn from exchanges over the past week. This significant movement reflects growing confidence among retail investors, who are increasingly driving accumulation while whale activity appears to decline.
Tim Draper, a prominent venture capitalist and cryptocurrency enthusiast, has made Bitcoin price predictions since 2014. That year, Draper predicted Bitcoin to be $10,000 by the end of 2017.
Despite a bearish outlook across the cryptocurrency landscape, Ethereum (ETH), the world's second-largest cryptocurrency, is poised for a notable upside rally. A bullish price action pattern and record interest from traders support this positive outlook.
Bitcoin's recent price surge has been accompanied by increasing signs of greed among long-term holders, according to data from the Net Unrealized Profit/Loss (NUPL) indicator. NUPL tracks the unrealized profit or loss of Bitcoin holders, and when long-term holders start showing signs of greed, it often signals that the market is approaching a top.
Unlike the last cycle, a Bitcoin pullback may not trigger a drastic altcoin crash, but a correction is still inevitable.
Long-term Bitcoin holders are showing signs of growing greed as the price of BTC steadily approaches the $100,000 mark. A crypto analyst has underscored the significance of this market trend, highlighting that a possible Bitcoin market top could be incoming in the next few months.
President Donald Trump, the man who once trashed Bitcoin for being “thin air,” now sits on a cryptocurrency portfolio worth $5,485,312. The breakdown?
ETH advanced 4% during the day, outperforming BTC's 1.5% loss and slight gains of the broader market benchmark CoinDesk 20 Index. The ETH/BTC ratio hit its weakest level in three years last week, but has rebounded since and is poised for more gains, observers noted.
Ethereum's enduring appeal for USDT issuance is also tied to its DeFi dominance and institutional adoption.
Semler Scientific, a healthcare-focused technology company, announced an update on its Bitcoin holdings, revealing the acquisition of an additional 297 BTC between November 18 and November 22, 2024. The company spent $29.1 million on these purchases, with an average price of $97,995 per Bitcoin, including associated fees.
Cryptocurrency markets are trading lower on Monday, with Ethereum a notable outperformer. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $94,748.63 -1.6% Ethereum (CRYPTO: ETH) $3,482.07 +4.7% Solana (CRYPTO: SOL) $240.19 -3.6% Dogecoin (CRYPTO: DOGE) $0.4052 -3.3% Shiba Inu (CRYPTO: SHIB) $0.00002568 +2.8% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 22% and daily active addresses falling by 8.4%.
Financial services firm, Cantor Fitzgerald, is reportedly discussing receiving support from stablecoin issuer Tether to help fund the project.
At 1:30 p.m. Eastern Time on Monday, U.S. President-elect Donald Trump's cryptocurrency portfolio is valued at $5.43 million. Despite the high market prices for crypto, this figure represents a noticeable dip compared to its worth in June. Crypto Commander-in-Chief Donald Trump is set to become the first U.S.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Bruno Caratori, Hashdex co-founder and chief operating officer, discusses post-election crypto investment trends and his outlook for the industry under the incoming Congress.
Analysts predict Ethereum will reach an all-time high by the end of this year, but there are problems.
In January, spot bitcoin ETFs began trading, which opened the door to more mainstream investors.
Timestamp has launched a regulated crowdfunding platform to connect Bitcoin startups with global investors, allowing both accredited and non-accredited individuals to invest in Bitcoin-related ventures and receive ownership stakes in supported projects. The post Timestamp Debuts Regulated Crowdfunding Platform for Bitcoin Startups appeared first on Cryptonews.
When Hut 8 CEO Asher Genoot dropped a poll on X (formerly Twitter), he got a response that even Bitcoin maxis would envy. “Hut 8 already holds 9,100 Bitcoin on our balance sheet.
Bitcoin's (CRYPTO: BTC) recent rally could face a sharp downturn, with a prominent trader warning of a potential correction if the cryptocurrency fails to break the $100,000 resistance level. The forecast, which points to a drop as low as $85,600 in a worst-case scenario, comes as Bitcoin shows signs of a cooling rally after nearing the critical $100,000 milestone.
U.S. Customs and Border Protection, at the request of the Federal Communications Commission, has been detaining imports of Bitmain's Antminer ASIC miners at ports nationwide for up to two months. The delays have impacted seven U.S.
The saga of James Howells missing $716 million Bitcoin deepens as his ex-partner confesses to throwing away the hard drive containing 8,000 BTC at his behest. The unfolding drama underscores the critical need for secure cryptocurrency storage and the dire consequences of mishandling digital assets.
El Salvador President Nayib Bukele shared his considerations for a “rent your volcano” Bitcoin mining program.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
As bitcoin (BTC) trades under the $96,000 mark at 1 p.m. ET on Monday, prediction markets Kalshi and Polymarket reveal mixed expectations for the cryptocurrency's potential to reach $100,000 within the coming months and throughout 2024.
Sui is entering the Bitcoin staking market through partnerships with Babylon Labs and Lombard Protocol. The collaboration between Sui (SUI), Babylon and Lombard targets the $1.8 trillion Bitcoin (BTC) market, with staking a major attraction for users.
Sui, the emerging Layer 1 blockchain, is set to launch Bitcoin staking in December, marking a significant step toward integrating Bitcoin into decentralized finance (DeFi).
Bitcoin falls below $95k amid profit-taking and $500M in liquidations. Analysts question bull market strength as altcoins gain momentum.
Bitcoin's failure to cross above $100,000 could extend the current price pullback. The real question is whether or not bulls will buy the dip.
After consolidating for nearly five days, Bitcoin (BTC), the world's largest cryptocurrency by market cap, appears to be flashing a warning signal. This negative signal from BTC has shifted overall market sentiment.
Global crypto investment funds witness massive weekly inflows, fueled by Bitcoin's recent rally toward the $100K level.
MicroStrategy, spearheaded by Michael Saylor, disclosed a $5.4B Bitcoin purchase, adding 55,000 BTC to its holdings. With a total of 386,700 BTC now acquired for $21.9B, the company remains one of the largest corporate investors in cryptocurrency. SEC filings reveal strategic funding via convertible notes. The post Michael Saylor's MicroStrategy Buys 55,000 More Bitcoin appeared first on Cryptonews.
Bitcoin ETFs are still super hot, with investors chucking record amounts of cash at the vehicles last week, according to CoinShares.
Solana dominated altcoin inflows with $16 million last week, significantly surpassing Ethereum's $2.8 million.
Bitcoin's (BTC) recent rally faces a potential setback, with an analyst warning of a significant correction unless the cryptocurrency surpasses the critical $100,000 resistance level. TD Sequential Signals Correction On Nov.
Steve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC's “Halftime Report” to explain why he's buying more Bitcoin. The Investment Committee discuss crypto.
Bitcoin rally stalls as few altcoins lead the day's gains.
Spot Bitcoin exchange-traded funds (ETFs) in the United States are on track to reach a significant milestone: surpassing the estimated Bitcoin holdings of Bitcoin's mysterious creator, Satoshi Nakamoto. With Bitcoin continuing its strong price performance in 2024 and growing institutional interest, these ETFs are quickly becoming some of the largest Bitcoin holders in the world.
In a latest tweet, Raoul Pal, the founder and CEO of Real Vision, has underscored Dogecoin's gains since launch and has made a prediction about DOGE, comparing it to the performance of Bitcoin. He has noted the incredible performance of DOGE which even outperformed Bitcoin in terms of percentage gains since its launch.
Sui integrates Bitcoin for liquid staking with Babylon and Lombard, tapping into BTC's $1.8T market. The post Sui taps Bitcoin's $1.8 trillion market with liquid staking integration appeared first on Crypto Briefing.
A pseudonymous crypto investor shared their success story of using a dollar-cost averaging strategy to buy $30 of BItcoin (CRYPTO: BTC) a day over seven years and hitting a portfolio size of $1 million in the process. What Happened: The investor, who began their Bitcoin buying strategy at the age of 22, has diligently purchased $30 worth of Bitcoin every twelve hours for nearly eight years.
Since November 21, Bitcoin (BTC) has hovered near the $100,000 mark but hasn't hit it, with BeInCrypto attributing this to increased realized profits.
The Ethereum Foundation has initiated its first-ever “Attackathon,” a community-driven challenge offering $1.5 million in prizes to identify flaws in the Ethereum protocol. Ethereum Hosts Attackathon According to the announcement from the foundation's Protocol Security Research Team and the Ecosystem Funding Initiative, the Attackathon event will take place from Nov. 25, 2024, to Jan.
A CNBC report states, bitcoin, the world's largest cryptocurrency, has struggled to breach the $100,000 mark, even after a robust rally that pushed its value to an all-time high of $99,000 last week. The rally, sparked by Donald Trump's re-election as US president on November 5, saw Bitcoin surge over 40%.
Starting in December, Bitcoin holders will be able to stake BTC on Babylon, a Bitcoin layer-2, from the Sui network.
The odds of Bitcoin, the largest cryptocurrency, reaching $100,000 this November have plunged to 42% on popular crypto-powered betting platform Polymarket.