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 […]

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 […]

Can BTC its price above $27k?

Key takeaways Bitcoin has been struggling to stay above $27,500 over the past few days. The cryptocurrency slightly dipped below $27k on Wednesday but is now trading above that level once again. The buying pressure in the market is currently low, and this could affect BTC’s price in the near term. Bitcoin price prediction: BTC […]

Why is the crypto market down today? BTC briefly slips below $27k

Key takeaways The cryptocurrency market is down by roughly 1% over the past 24 hours. Bitcoin briefly dropped to $26,990 earlier today before recovering to now trade above $27,500. The dump came due to reports that there was a transaction with the United States government’s BTC wallet. Why the crypto market is down today The […]

BTC could retest key $28,800 zone

Bitcoin price has dropped below $30,000 to currently trade near $29,480. Crypto analyst Rekt Capital says BTC price could retest $28,800 and establish it as a major support area. BTC price bounced above $31,000 last week, having struggled to break past the anticipated buffer zone. Bitcoin is trading around $29,479, about 3% down in the […]

CME Group to expand BTC and Ether options expiries in May

CME group says demand from clients has increased amid the heightened market volatility. The marketplace plans to expand expiries for its standard and micro-sized BTC and Ether options contracts. Approval would see the derivatives platform make the changes on 22 May, 2023. Derivatives marketplace CME Group is seeking to expand its options expiries for Bitcoin […]

Bitfinex analysts say BTC is in “transition”

The number of Bitcoin wallets with non-zero BTC balance recently hit a new all-time high of 45.388 million. However, daily active addresses and daily confirmed transactions have fallen. Bitcoin price remains bullish but analysts urge caution as on-chain metrics indicate weakness amid renewed correlation with S&P 500. Bitcoin price currently trends above$28,300, about 0.7% higher […]

10.3k wallets increased to 10+ BTC starting February 2022

Bitcoin addresses holding 10 or more BTC grew 71% in just over a year. According to on-chain data, 10,279 new BTC wallets joined the cohort holding 10+ bitcoin between February 2022 and March 2023. Wallets with 10-100 bitcoin cumulatively hold over 4.4 million BTC, or roughly 23% of supply. While cryptocurrency prices fell sharply as […]

Galaxy Digital CEO says BTC and ETH are best investments

Mike Novogratz is bullish on crypto, particularly the top two coins Bitcoin and Ethereum. The Galaxy Digital CEO says BTC and ETH been best risk-adjusted investments over the last few years. He also suggested during the company’s earnings call that the US risks losing its place as finanial and innovation leader. Galaxy Digital CEO Mike […]

MicroStrategy repays Silvergate Bank loan, buy 6,455 BTC

MicroStrategy founder Michael Saylor announced the company had repaid the $205 million loan at a 22% discount. The company also bought 6,455 bitcoins worth $150 million. Saylor’s company currently holds more than 138,900 bitcoins. MicroStrategy, the world’s largest corporate holder of Bitcoin, has revealed it recently purchased more BTC.  The business intelligence company, founded by […]