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“# Bitcoin uptrend not over: Big whales aren’t selling BTC, data shows ” The price of Bitcoin (BTC) is consolidating between the $55,000 to $59,000 range, establishing the mid-$50,000 region as a support area. This trend coincides with strengthening on-chain fundamentals, such as whale and address activity. Since the Bitcoin rally began to accelerate in…
“# Bitcoin searches in Turkey spike 566% after Turkish lira drops 14% ” Google searches for Bitcoin (BTC) emanating from Turkey exploded in the past 24 hours, after the value of the Turkish lira dropped 14% following the firing of a central bank governor. According to data from Google Trends, the number of searches for…
“# Microsoft reportedly polling Xbox users about Bitcoin payment option ” Tech giant Microsoft seems to be considering introducing Bitcoin (BTC) payments at its Xbox gaming console online store. According to a March 21 Reddit post on r/XboxSeriesX, Microsoft has put out a survey asking Xbox users about their preferred payment options at its online…
“# Exchange reserves plunge to pre-$61K lows: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) sees a cautious start to the week as macro markets dither and Turkey’s currency loses 15% of its value overnight. After a disappointing weekend that featured a rejection at $60,000, Bitcoin has yet to impress traders, who…
“# Long-term investors continue to hodl despite $1T Bitcoin market cap ” Bitcoin’s liquid supply continues to shrink, with only 36% of circulating BTC being moved on-chain in the past six months. According to data shared by on-chain crypto data aggregator Glassnode on March 21, the peak of the 2017 bull market saw 50% of…
“# Bitcoin mining stocks have outperformed BTC by 455% over the past 12 months ” Despite the top publicly-listed Bitcoin mining firms operating at losses, their share prices have dramatically outperformed BTC over the past 12 months. Appearing on CNBC, Fundstrat’s vice president of digital asset strategy, Leeor Shimron, shared his analysis into the market…
“# Top 5 cryptocurrencies to watch this week: BTC, UNI, LUNA, THETA, FIL ” Bitcoin (BTC) has been facing stiff resistance near the $60,000 level for the past few days. This suggests that market participants are cautious at these levels and a positive trigger may be needed to drive the price higher and start the…
“# Bitcoin’s new use case? A report card for how the US handles the dollar ” Throughout the middle of March, many Americans received stimulus checks from the government, and while the payments — $1,400 for every U.S. citizen earning less than $80,000 annually — will be a blessing for millions in desperate economic straits…
“# Bitcoin price slides 5% after failing to break $60K — Here’s why ” The price of Bitcoin (BTC) dipped below $56,000 on March 21 after repeated rejections by the $60,000 resistance level throughout the past four days. BTC/USD 1-hour candle chart. Source: Tradingview Despite getting closer to cleanly breaching past the key technical level,…
“# Bitcoin network’s computing power: Is it an accurate predictor of BTC price? ” Hash rate refers to the overall computing power involved in validating transactions on the Bitcoin (BTC) blockchain. As reported by Cointelegraph, more power suggests greater network security and interest in the profitability potential of mining Bitcoin. Hash rate a function of…