Michael Saylor is bullish on Bitcoin but sceptic on all other crypto
Michael Saylor reiterates his bullish view on Bitcoin. MicroStrategy Inc currently has about 140,000 BTC. Bitcoin has lost nearly 10% from its high in April. Bitcoin has lost nearly 10% in recent weeks but the pullback is only an opportunity to build a position as far as Michael Saylor – Chairman of MicroStrategy Inc is […]
Bitcoin may be world’s largest insurance company
Pompliano argues that Bitcoin’s unique properties make it an attractive insurance asset for a variety of reasons. He says Bitcoin provides insurance against a variety of risks, including, currency debasement and sovereign default. Bitcoin critics however point to things like the volatile nature of crypto assets and meagre adoption as reasons why it might not […]
Bitcoin shrimps holdings jump to 1.31 million BTC
Bitcoin wallets with less than 1 BTC now hold an all-time high of 1.31 million coins. Shrimps have been adding an average of 26,000 BTC every month, data shows. The growth of the shrimp cohort is a positive development for the Bitcoin network. The amount of Bitcoin held by “shrimps” – those wallet entities that […]
No, Bitcoin has never seen a bear market before: Be careful
Key Takeaways Bitcoin has been through many bear markets before, always surging back to higher highs Dan Ashmore, our Head of Research, cautions against naive extrapolation of past returns, however Until this past year, stock markets had done nothing but rise during Bitcoin’s existence Bitcoin was launched in 2009 as the stock markets bottomed, and […]
What next for MANA as Decentraland price jumped 10% today?
Decentraland (MANA) price rose more than 10% in the past 24 hours to trade near $0.54. The metaverse-focused token is flashing bullish but faces some profit taking pressure as price currently hover above $0.50. Recent activity and announcements are likely behind the token’s surge. The price of Decentraland (MANA) traded to highs near $0.54 today […]
can Bedrock upgrade trigger fresh optimism?
The Bedrock upgrade could be a major positive for Optimism, boosting the price of OP. Increased adoption of Optimism could see further demand for OP, helping its price. OP price was down 3% in the past 24 hours and 23% in the past two weeks as the token traded near $1.63 at the time of […]
OKX Wallet announces Ordinals Marketplace for BRC-20 trading
The Ordinals Marketplace will offer features that include minting and trading of Bitcoin Ordinals OKX Wallet to support Lightning Network and staking for Stacks (STX) and BRC-20 tokens OKX to attend the Bitcoin Builders Conference in Miami OKX, one of the leading cryptocurrency exchanges and Web3 technology company, today announced the launch of Ordinals Marketplace […]
Retail investors will prefer Bitcoin over the dollar if US defaults: survey
Retail investors would prefer Bitcoin over the dollar in case of a default, a new survey says. A US default could be here as early as June 1, experts have warned. Standard Chartered analyst Geoff Kendrick previously predicted a 70% jump for Bitcoin price in case of a US default. A new survey has found […]
active addresses fall, market makers scale back, price softens
Key Takeaways Number of addresses containing one Bitcoin or more crosses one million Bitcoin relatively subdued despite trading at 2-month low Two prominent market markers are scaling back activity in the space Active addresses show notable decline in last week We wrote last week that nearly one million addresses on the Bitcoin network now […]
Bad news for BTC if this happens
Bitcoin price has recovered from its dip to $25,800, with price currently above $27,400. BTC could continue to bounce into the $28,000-$30,000 range as broader market sentiment improves. However, an analyst’s Bitcoin price prediction suggests bad news for BTC if $27,600 becomes new resistance level. The price of Bitcoin as of May 15, 2023 9:50 […]