Bitcoin’s Key Indicators Flash Bullish Signals, According to Trader Popular trader Roman recently highlighted two classic technical indicators for BTC/USD, suggesting that Bitcoin (BTC) could be setting the stage for a significant price breakout. Roman’s analysis points to the Relative Strength Index (RSI) and Bollinger Bands on the weekly chart as key signals for a […]
Bitcoin’s Sudden Dip Triggers Massive $420M Liquidation Of Long Positions In a recent development, Bitcoin, the world’s premier cryptocurrency, witnessed a substantial drop, leading to the liquidation of over $420 million in long positions within a span of 24 hours, as reported by CryptoNews on Tuesday. Data from Coinglass reveals that 190,144 traders were liquidated, […]
By Nelson Renteria SAN SALVADOR (Reuters) – El Salvador has mined nearly 474 bitcoins since 2021 thanks to a volcano-fueled geothermal power plant, official data showed on Tuesday, bringing the government’s total bitcoin portfolio to nearly $354 million at current prices. The country’s “Bitcoin Office,” an official government entity, reports that government coffers now hold […]
Rootstock’s new plan to bring programmability to Bitcoin could unfold over the next 12 months. The project could lead to the development of layer-2 networks atop Bitcoin without requiring any major changes to the blockchain’s underlying code. Sergio Demian Lerner, an Argentine developer known for his early work on Satoshi Nakamoto’s bitcoin stash, discussed the […]
(Bloomberg) — Michael Saylor’s decision back in 2020 to start buying Bitcoin has paid off in spades this year for the co-founder and executive chairman of MicroStrategy Inc. Most Read from Bloomberg Saylor has garnered an estimated $400 million or so from pre-planned daily sales of about 5,000 shares of the enterprise software company from […]
Bitcoin’s 200-day average is on track to challenge its previous peak of $49,452 from February 2022. Past data show the most intense phase of the bull cycle unfolds after this average surpasses its previous peak. Bitcoin’s {{BTC}} price moved into bullish territory above the 200-day simple moving average (SMA) in October, setting record highs above […]
Analysts at Bitfinex estimate that the new BTC supply added to the market could drop to $30 million per day, amounting to less than five times the average daily inflows into the spot-based ETFs. Investor are increasingly taking direct custody of their coins, Bitfinex added. Bitcoin’s {{BTC}} recent mining reward halving has altered the market […]
Bitcoin prices were off their highs following the cryptocurrency’s fourth “halving” event on Friday evening. – Bitcoin’s latest “halving” — the fourth in the cryptocurrency’s history — is now complete. And while the token’s prices are off their highs from earlier in the day, there doesn’t seem to be much of a reaction — at […]
In the ever-evolving world of cryptocurrency, few events hold as much weight and anticipation as Bitcoin‘s (CRYPTO: BTC) halving. Programmed into the Bitcoin protocol, this event occurs roughly every four years and is a pivotal moment in the lifecycle of the most valuable cryptocurrency. As we approach Bitcoin’s fourth halving, slated for Friday, April 19, […]
The Dow Jones Industrial Average was an outlier and showed positive action in Friday afternoon trades as the tech sell-off deepened and the S&P 500 fell below a key psychological level in the stock market today. Indexes were mixed after Israel launched a retaliatory attack on Iran. Nvidia, Meta Platforms and Amazon fell below the 50-day […]
Bitcoin’s “halving” is here. The event will see the supply of newly minted coin cut by 50%—this time it will drop from 6.25 to 3.125—and is expected in the coming hours. Occurring every four years, halvings are intended to keep Bitcoin inflation-resistant and has historically caused prices to soar. So, can we expect a Bitcoin […]
By Elizabeth Howcroft LONDON (Reuters) – Bitcoin enthusiasts were eagerly waiting for bitcoin’s ‘halving’ on Friday – a change to the cryptocurrency’s underlying technology designed to cut the rate at which new bitcoins are created. The halving, which happens roughly every four years, was written into Bitcoin’s code at its inception by pseudonymous creator Satoshi […]