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news-imageSeptember 16, 2022

The PoW Dominance Purge — Only 6 Crypto Assets out of the Top 50 Market Caps Use Proof-of-Work

At the time of writing, only one coin in the top ten crypto assets by market capitalization is a proof-of-work (PoW) token and out of the top 20, there are only three tokens that leverage a PoW consensus mechanism.
Publisher: Bitcoin
Sentiment: Neutral
BCH
BTC

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cover-imageThe Currency Analytics
November 25, 2024

Long-Term Bitcoin Holders Signal Greed Ahead of Market Peak

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.

Positive
cover-imageCryptonews
November 25, 2024

Dogecoin Price Just $0.24 Shy From An All-Time High, Analysts Predict DOGE Could Reach $2.80 In December

The Dogecoin (DOGE) price came within just $0.24 of its record high when it $0.48 over the weekend on more teasings from Elon Musk, but some analysts are predicting it could easily eclipse its 2021 high this cycle. The post Dogecoin Price Just $0.24 Shy From An All-Time High, Analysts Predict DOGE Could Reach $2.80 In December appeared first on Cryptonews.

Positive
cover-imageCoingape
November 25, 2024

Semler Scientific Acquires Additional Bitcoin, Now Holds 1,570 BTC

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.

Negative
cover-imageBenzinga
November 25, 2024

Bitcoin, Dogecoin Dip, Ethereum Stays Green: Trader Predicts 'First Major BTC Correction' Only After One Key Level Hits

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%.

Positive
cover-imageCNBC Television
November 25, 2024

MicroStrategy acquires 55,500 more bitcoin amid stock volatility: CNBC Crypto World

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.

Positive
cover-imageCryptonews
November 25, 2024

Timestamp Debuts Regulated Crowdfunding Platform for Bitcoin Startups

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.

Negative
cover-imageBenzinga
November 25, 2024

Bitcoin Slides Below $95,000 — Analyst Predicts Potential Correction To $85,000

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.

Positive
cover-imageCryptonews
November 25, 2024

Michael Saylor's MicroStrategy Buys 55,000 More Bitcoin

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.

Positive
cover-imageThe Currency Analytics
November 25, 2024

Spot Bitcoin ETFs Set to Surpass Satoshi's Holdings by Year-End: A Milestone for Crypto

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.

Positive
cover-imageBenzinga
November 25, 2024

Bitcoin Investor Turns Daily $30 Purchases Into $1 Million Portfolio In 7 Years, 10 Months And 12 Days

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.

Negative
cover-imageInvezz
November 25, 2024

What's holding Bitcoin back from breaking the $100,000 milestone?

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%.

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