Bitcoin News

More ancient Bitcoins leave from its wallet after 10-year hibernation

Bitcoin (BTC) is seeing some of its oldest coins come back to life after a decade lying dormant. The latest on-chain data reveals that two-year BTC price lows have reawakened the most ancient part of the supply. “Very old” bitcoins come back to life As BTC/USD returns to levels not seen since Q4 2020, questions …

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Bitcoin gains 5% to reclaim $20K, eyes first ‘green’ September since 2016

Bitcoin (BTC) delivered long-anticipated volatility on Sep. 27 as a squeeze higher resulted in a push beyond $20,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price 9-day highs greet traders Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it added over 7% after the Sep. 26 close. Local highs of $20,344 appeared …

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Nuclear and gas fastest growing energy sources for Bitcoin mining: Data

The electricity mix of Bitcoin (BTC) has drastically changed over the past few years, with nuclear energy and natural gas becoming the fastest growing energy sources powering Bitcoin mining, according to new data. The Cambridge Centre for Alternative Finance (CCAF) on Tuesday released a major update to its Bitcoin mining-dedicated data source, the Cambridge Bitcoin …

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What will happen to Bitcoin and Ethereum if traditional markets break?

Michael J. Burry, the financial wizard who was portrayed in the movie “The Big Short”, is known for predicting crises. For instance, his investment fund made billions from the 2008 housing crash, and Burry liquidated almost all his entire portfolio during the 2Q of 2022. Given that no one seems to know whether traditional markets …

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Is it Bitcoin’s time to shine? British Pound drops to all-time low against the dollar

On Sept. 26 the British Pound hit a record low against the U.S. dollar following the announcement of tax cuts and further debt increase to curb the impact of a possible economic recession. The volatility simply reflects investors’ doubts about the government’s capacity to withstand the growing costs of living across the region. The U.S. …

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Traders brace for Bitcoin price volatility as DXY 2022 gains near 20%

Bitcoin (BTC) volatility edged higher during Sept. 26 as the Wall Street open avoided significant losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Monthly close tipped to shake up BTC price Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $19,000 on the day, with hourly candles of 1.5%–2% not uncommon. The pair was …

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Bitcoin’s Social Dominance Hits 2-Months High

Interest in Bitcoin (BTC) spiked on social platforms over the weekend, leading to its social dominance surging, according to Santiment. The crypto insight provider explained: “A spike in Bitcoin interest on social platforms came this weekend. Among crypto’s top 100 assets, BTC is the topic in 26%+ of discussions for the first time since …

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Bitcoin Hodlers Remain Steadfast, Coins Aged over 3 months Hit ATH of 86.3%

Bitcoin lacked a significant upward momentum, but this has not dampened the spirits of hodlers because coins aged at least 3 months hit an ATH of 86.3%, according to Glassnode. Based on BTC Realized Cap HODL Wave, the market insight provider pointed out: “Coins aged 3m+ now account for an ATH of 86.3% of …

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‘The bond market bubble has burst’ — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week staring down a wild macro environment after sealing its lowest weekly close in nearly two years. As risk assets across the global economy take a hammering and the U.S. dollar surges, the largest cryptocurrency is on a limp footing. September, having started out on bulls’ side, is now living …

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Bitcoin Is ‘100 Times Better Than Gold,’ Says Michael Saylor

Despite the current market pullback, MicroStrategy co-founder and chairman Michael Saylor remains bullish. The crypto bull not only thinks that Bitcoin will regain its past glory but also sees the flagship cryptocurrency has a lot of potential to grow beyond its current trading level. Saylor believes that Bitcoin is 100x better than gold and sees …

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