Coinbase is largest Bitcoin (BTC) holder in the world: Arkham
Arkham announced it identified nearly $25 billion in Bitcoin in crypto exchange Coinbase’s portfolio. The BTC holdings are approximately 948,000, closer to the 1 million BTC of Satoshi Nakamoto. Coinbase is thus the world’s largest known Bitcoin entity, Arkham analysts said on X. Blockchain intelligence firm Arkham has reported that Coinbase holds Bitcoin (BTC) worth about $25 […]
BTC to $30K? Glassnode Founders Think So; XRP, LINK, and QUBE Poised for Monumental Rise
The crypto market is stirring with excitement after Glassnode founders made a bold prediction regarding Bitcoin’s future price trajectory. According to the founders of this top analytics firm, Bitcoin could soon potentially reach $30,000, which has sparked discussions and heightened enthusiasm. Additionally, other top altcoins making waves in the crypto landscape are Ripple ($XRP), Chainlink […]
BitMEX co-founder says BTC price may rise if monetary policies tighten
The Federal Reserve has increased its benchmark rate from 0.25% to 5.25% over the past year. BitMEX co-founder believed that bondholders might seek more lucrative “risk assets,” such as Bitcoin. Bitcoin’s four-year cycles might be linked to central banks’ low-rate policies. Challenging the conventional wisdom regarding the relationship between Bitcoin and interest rates, BitMEX co-founder […]
Miami mayor to accept presidential campaign donations in BTC
Miami Mayor Francis Suarez, a Republican, announced his candidacy for the 2024 presidential election in June. Miami has currently been trending for all the right reasons from Lionel Messi mania to the mayor accepting BTC donations. The mayor has also said that he would ban a central bank digital currency (CBDC). Bitcoin-friendly Miami Mayor Francis […]
BTC Whale moves $37M worth of bitcoins after eleven years of inactivity
There has been an increase in the number of early crypto holders moving tokens to new wallets. The BTC whale moved all their bitcoins to a new wallet. Whales make such moves in preparation for selling or alternative investments. Lookonchain has revealed that an early Bitcoin (BTC) holder transferred $37 million worth of bitcoins to […]
BTC hovers at $30k amid lowest historical volatility for 2023
BTC price is near the $30k mark, which bulls may be desperate to protect. Bitcoin’s historical volatility is at its lowest level in 2023. Short-term bullish target could be above $34k, while major support is near $28.2k. Bitcoin’s price remains above $30,000 on Monday, but is seeing “remarkably little volatility.” According to a key technical […]
Crypto resiliency continues as BTC holds above $30k, AltSignals raises $1M
AltSignals token has raised over $1 million as it nears its target. Bitcoin has held quite steady above $30,000 even as risks in the industry rise. Bitcoin price has held steady above the $30k level as the recent momentum wanes. It was trading at the important level of $30,230 on Tuesday, a few points below […]
Bitcoin shrimps to fish added 254% of mined BTC last month
Bitcoin’s price struggles aside, last month saw more entities with less than 100 BTC buy 2.54X of all coins mined. Glassnode data shows these entities added 2,286 BTC per day. Shrimps increased their BTC holdings by 117% last month, while crabs added 80% and fish bought 57% of mined bitcoin. It appears Bitcoin (BTC) wallet addresses […]
Solo Bitcoin miner wins 6.25 BTC block reward
A solo Bitcoin miner earned the 6.25 BTC block reward after beating the odds to solve block 793607. The miner reportedly used an Antminer S9 with about 17 TH. At today’s Bitcoin mining difficulty and with 17 TH, a solo miner would need an average of 450 years to land a block. With Bitcoin price […]
68% of Bitcoin supply in loss after BTC price drop
Bitcoin supply in loss has risen to 68%, with 6.67 million BTC under water water at current spot price. Indeed, on-chain data shows 2.71 million BTC has fallen into loss as Bitcoin price dropped from the $31k local top. With sell-side risk ratio approaching its all-time lows, Glassnode analyst James Check says BTC could see […]