It is possible that the dire predictions about an extended bear market were premature. Prices appear to have recovered on Jan. 26, following a U.S. Federal Reserve signal indicating that interest rates will remain close to 0% at the moment. The Fed’s announcement from raised prices in the cryptocurrency market. Bitcoin (BTC), up 4.11%, was
After Bitcoin (BTC), briefly climbed to $37500, the dominant sentiment in crypto markets shifted towards hope on Jan. 25, as stocks markets staged a midday rally which recovered most of their losses since Jan. 24, when the price of Bitcoin fell to $37,500. Even with Jan. 25’s recovery, global markets remain in a state of
There are many Bitcoin (BTC), price predictions on the internet. Analysts believe that the price of the most popular crypto will rise to $1 million per coin over the next 10 year, while others predict that it will drop to zero. Let’s not dwell on future predictions five years or more ahead of us. Instead,
All cryptocurrencies other than Bitcoin (BTC) were first described as altcoins for a single reason: There was a rise of projects that copied and pasted Bitcoin’s source code. The cryptocurrencies in the early stages weren’t unique enough to have a distinctive term, so “altcoin” (alternative coins) best fit their description. The community, at that point,
Bitcoin (BTC), despite recent losses, refused to stop Jan. 22, as the predictions of a flight up to $33,000 or lower seemed increasingly likely. BTC/USD 1-hour candlechart (Bitstamp). Source: TradingView. Open interest is “still not flushed.” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it fell through $35,000 during the first half of Saturday.
The Bitcoin (BTC), price continues to fall. This is accompanied by a sharp correction in altcoins, and DeFi tokens. At the time of writing, BTC price has sank to its lowest level in 6 months and most analysts are not optimistic about an immediate turn around. Cointelegraph Markets Pro and TradingView data shows that a wave in
Cointelegraph’s Crypto Stories’ latest episode featured previously unheard audio recorded during a conversation with Vitalik Buterin at a conference held in Hong Kong in 2014. This animated short tells the story of Ethereum (ETH), which is the second largest cryptocurrency in terms of market capitalization. [embedded content] Buterin learned about Bitcoin while still a student
Cointelegraph recently spoke with Francis Suarez, Miami Mayor, following the announcement that residents of Miami can now earn a Bitcoin dividend. CityCoins, an open source protocol that offers fundraising mechanisms for cities, is the company that has set up the infrastructure to deliver Bitcoin dividends directly to citizens. New York City and Miami are the
Reports indicate that Intel, one of the largest computer processor manufacturers, intends to reveal a new “Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC” known as Bonanza Mine at the upcoming IEEE International Solid-State Circuits Conference in February 2022. Intel submitted a patent in November 2018 outlining similar ideas for “high-performance Bitcoin Mining.” It is possible that the patent’s processes
Bitcoin’s (BTC) sudden crash on Jan. 10 caused the price to trade below $40,000 for the first time in 110 days and this was a wake-up call to leveraged traders. Long (buy) futures contracts worth $1.9 billion were liquidated on that week. This caused the traders to lose their morale. The crypto “Fear & Greed”
Bitcoin (BTC), along with other altcoins, has stopped its slide and is now trying to recover. Some traders have been fearing a massive sell-off in Bitcoin but Capriole CEO Charles Edwards said that Bitcoin’s worst crashes have happened “due to miner capitulation (December 2018 and March 2020), when BTC fell below production costs.” However, the
The Bitcoin (BTC) mining business is bigger than ever at current price levels, and new data shows just how unlikely a mass miner sell-off really is. Popular Twitter account @venturefounder noted that the BTC/USD trading pair is about 20% higher than miners’ cost price at $42,000. Miner capitulation behind “worst” BTC price dips BTC remains attractive
The Stacks blockchain (STX) was launched on the 1st anniversary. It aims to program Bitcoin (BTC). This network has received over 350 million API requests per month, 40,000 Hiro wallet downloads (a development tool that allows Stacks to create applications on Bitcoin), and 2,500 Clarity smart contract contracts. These stats make Stacks the biggest Bitcoin
Fidelity Digital Assets — the crypto wing of Fidelity Investments which has $4.2 trillion assets under management–shared their “two sats” on the future of the digital assets space. The key takeaways touched upon miners’ behavior and Bitcoin (BTC) network adoption. The group released its annual report last week and shared some insights into BTC mining.
The price of Bitcoin (BTC), which fell to $40,000 earlier this week, was the result of a painful retracement. This is the first time the price has fallen below $40,000 since September 2021. Analysts predicted that the decline would continue towards the $30,000-$35,000 range. However, the price recovered $40,000 support and BTC surged above $44,000
One of many world’s largest funding banks has its Bitcoin (BTC) worth predictions prepared for 2022. In a latest ballot, JPMorgan Chase requested its purchasers “the place do you see Bitcoin buying and selling at 2022 year-end?” Simply 5% stated they noticed the digital coin reaching $100,000, and 9% noticed it breaking earlier all-time highs,
Bitcoin Magazine’s YouTube channel was restored around three hours after being shut down, with the publication attributing the short ban to the YouTube algorithm flagging the word “Kazakhstan.” Bitcoin Magazine reported Jan. 12, on Twitter, that their YouTube channel, with 56,600 followers had been blocked in the middle of a livestream. The platform did not
Solo CK’s Bitcoin mining pool was able to locate one Bitcoin miner that added a block to Bitcoin blockchain. They received 6.25 BTC (266,000 dollars) for their efforts. One or two lucky miners may have been only mining on one or more machines, but they solved a block using their small hashrate capacity (126 THB/s).