About 85,000 Bitcoin Options Contracts Set to Expire This Friday Image Source: Pixabay About 85,000 bitcoin options contracts, worth around $2.3 billion, are set to expire on major cryptocurrency futures and options exchange Deribit this Friday. According to Deribit data, around 700,000 Ethereum options, valued at over $1.2 billion, are also set to expire on May 26. "This Friday a total value of USD 3.6 […]
Bitcoin Price Analysis & Prediction (May 25th) – BTC Gains 2.5 Daily But Next Move Looks Dicey, Traps in a Range
US Regulator Charges Five in a “Fraudulent Digital Assets Trading Scheme” After They Targeted Spanish-Speaking Communities Source: Adobe A US regulator charges five people on Wednesday for allegedly “fraudulently soliciting” money from more than 170 people for a company called Icomtech to trade bitcoin and other assets for them. The Commodity Futures Trading Commission filed a complaint in the US District Court for the Central District of California against David Carmona, […]
Santiment Measures Social Media Text Volumes of Bitcoin - Here's What They Find Source: Adobe Stock The price of Bitcoin (BTC) generally moves in the opposite direction of what traders anticipate, crypto sentiment analysis firm Santiment has found. Writing on Twitter earlier this week, Santiment said that the fact that Bitcoin’s price moves contrary to what “the crowd” expects is something that has been seen many times, and […]
Today in Crypto: STEPN Reveals Apple Pay Integration, Huobi Ordered to Stop Operations in Malaysia, Hotbit Closes Shop, DCG Missed a $630M Payment, BXB Capital Raising Capital Exclusively in BTC
These four altcoins could be ready for an up-move if Bitcoin rallies above $27,500 Bitcoin price could be gearing up for a decisive move, which could set the stage for XRP, LTC, RNDR and CFX. Price Analysis Join us on social networks Inexperienced traders usually chase prices higher during the end of the bull phase as they fear missing out on the rally. However, institutional investors tend to wait […]
Crypto is Losing the Sense of Rarity: Does It Matter? Source: AdobeStock / Pixel-Shot Robert Quartly-Janeiro is the Chief Strategy Officer of the Singapore-based Tier-1 cryptocurrency exchange Bitrue.__________ As I was flicking through the weekend supplement of a well-known financial newspaper, the number of luxury watch advertisements I had to bypass got me thinking: with so many high-end watchmakers out there, what makes their production […]
Bitcoin forgets Fed as trader eyes classic BTC price 'liquidity hunt' Conditions are ripe for a Bitcoin range breakout, but fears among traders are that a deep correction is due. Market Update Join us on social networks Bitcoin (BTC) remained stuck inside a narrow range into May 20 as cryptocurrency markets shook off United States macro triggers. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Powell […]
Bitcoin Ordinals' total mintage fees increase 700% from April: Report The total number of Bitcoin Ordinals has surpassed 8 million since its inception in January. News Join us on social networks According to a report compiled by @dgtl_assets of Dune Analytics, the total network fees paid for the minting of Bitcoin Ordinals reached 1,414 Bitcoin (BTC), or $38.2 million, on May 20, representing an increase […]
Meme Tokens and NFTs Took Over Bitcoin—Now It's Happening on Dogecoin and Litecoin Meme coins are on the rise in unfamiliar places thanks to Ordinals, the project launched in January on the Bitcoin network. It started with an NFT-like effort to "inscribe" assets like artwork and profile pictures onto Bitcoin’s blockchain, but soon evolved to support BRC-20 tokens minted using the same protocol. Now, thanks to the sensation […]
Democratic Presidential Candidate Kennedy Lays Out Campaign Promises for Bitcoin Source: Kennedy's campaign site Democratic presidential candidate Robert F. Kennedy Jr. made campaign promises on Friday advocating for bitcoin users, adding that he plans to accept campaign donations in bitcoin. “As president, I will make sure that your right to hold and use bitcoin is inviolable,” Kennedy said at the Bitcoin 2023 Conference in Miami. […]
Robert F. Kennedy Jr. Says COVID Protests Led Him to Bitcoin The freedom to transact is as important as freedom of expression, says Robert F. Kennedy Jr—and it was the reaction to the COVID-19 pandemic that brought him to this realization. The Democratic presidential candidate spoke today in Miami at Bitcoin 2023 in his first public appearance as a candidate and the conference's most anticipated event […]
Ethereum users are increasingly demanding self-custody: Casa CTO Security expert Jameson Lopp said some users lost Ethereum tokens because of the lack of a secure storage method. News Join us on social networks The demand for Ethereum self-custody solutions is growing, according to Jameson Lopp, co-founder and chief technology officer of Bitcoin wallet provider Casa. In a conversation with Cointelegraph at Bitcoin 2023, […]
Price analysis 5/19: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC The recovery in Bitcoin and most major altcoins halted near respective overhead resistance levels, indicating that the bears are active at higher levels. Price Analysis Join us on social networks The United States stock market recovered sharply on May 17 and May 18 on hopes that the debt ceiling agreement could be reached, but the […]
Bitcoin Miner 30% Excise Tax 'Isn't Going to Happen', Says Cynthia Lummis The 30% excise tax that President Joe Biden has proposed for Bitcoin miners? "That isn't going to happen," said Sen. Cynthia Lummis. She was speaking to Chamber of Digital Commerce founder and CEO Perianne Boring during a fireside chat at the Bitcoin 2023 conference in Miami. Boring had just brought up the possible tax and […]
President Biden’s Crypto Mining Tax “Isn’t Going To Happen,” Sen. Lummis Says Source: Sen. Cynthia Lummis' website US Sen. Cynthia Lummis is not a fan of President Biden’s proposed 30 percent tax on cryptocurrency miners. “That isn't going to happen,” the Wyoming Republican and crypto enthusiast, said on Friday at Bitcoin 2023 Conference in Miami. There are environmental benefits including “not venting gases into the atmosphere as […]
Today in Crypto: Bank of England to Reject Revolut's Banking Licence Application, ASX Abandons Blockchain, HashKey to Raise Funds at $1BN Valuation, Ledger Co-founder Calls Recover Service Launch a 'Horrible Mess'
Bitcoin trader predicts end of dip within weeks as BTC price adds 3.5% Bitcoin is giving fresh bullish signals on low timeframes, leading to hopes that BTC price action may ditch its recent corrective phase. Market Update Join us on social networks Bitcoin (BTC) held a snap rebound on May 18 as analysts hoped that further upside would come next. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView […]
This Metric of Bitcoin (BTC) Price Momentum Just Fell to its Lowest Since March – Is Now a Good Time to Buy?
Tether Pledges to Plow 15% of Profits into Bitcoin Tether is to start regular purchases of Bitcoin to bolster its excess reserves, the stablecoin issuer said in an announcement on Wednesday. The company will allocate up to 15% of its net realized operating profits for buying up the world’s largest cryptocurrency, starting this month. “Bitcoin has continually proven its resilience and has emerged as […]
Bitcoin self-custody advocate explains why on-ramps are key to adoption Cypherpunk Jameson Lopp highlights the need for easier-to-use, improved self-custody solutions and more on-ramp avenues to drive Bitcoin adoption. Interview Join us on social networks Software developer Jameson Lopp believes improving usability and user experience of Bitcoin (BTC) self-custody solutions and making more avenues to acquire BTC will be key in further adoption of the […]
This Key On-chain Indicator Will Soon Join the List of Those Signalling a Bitcoin (BTC) Bull Market is Here
Okx Introduces New Ordinals Marketplace Amid Bitcoin Inscription and BRC20 Buzz On Tuesday, the crypto firm Okx announced the launch of a new Ordinals marketplace. The platform is accessible via the Okx Wallet and will enable users to mint and trade Ordinal inscriptions and BRC20 tokens. While the Ordinals marketplace is still in its early stages, users can take advantage of the ability to view and […]
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of US Retail Sales Data Bitcoin consolidated below a key price floor on Tuesday, as markets were preparing for upcoming U.S. retail sales figures. Following two months of declines, sales in the United States are expected to rebound, as inflation cools off. Ethereum remains above the $1,800 level. Bitcoin Bitcoin (BTC) consolidated in today’s session, as markets were preparing for […]
Despite Transfers Lingering in the Mempool, Bitcoin’s Daily Transaction Rate Taps All-Time High Bitcoin is on a roll in 2023, breaking records left and right. For instance, on May 2, at block height 787,895, the cryptocurrency’s hashrate soared to 491 exahash per second (EH/s). Moreover, on April 20, at block height 786,240, the difficulty hit a new high of 48.71 trillion. But that’s not the only thing that’s […]
