bitcoin
The 200-day moving average for Bitcoin has reached an all-time high of $50,178, indicating a bullish long-term outlook for the cryptocurrency. This indicator, which calculates the average closing price over the past 200 days, is often used by traders and analysts to determine long-term trends. Bitcoin's price
bitcoin
Grayscale's Bitcoin Trust (GBTC) has ended its four-month streak of outflows, with inflows into the trust for the second consecutive day. Since January 11, an average of $218 million per day has been exiting GBTC, resulting in over $17.5 billion in outflows. However, on May 3, GBTC
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Hong Kong's spot bitcoin exchange-traded funds (ETFs) experienced their first cumulative daily outflows on Monday, solely from China Asset Management's ETF. ChinaAMC's ETF saw 75.36 BTC leave the product, while the other two ETFs had zero inflows. On their first trading day, the
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South Korea's left-wing Democratic Party is planning to request a review of the currently banned spot bitcoin exchange-traded funds (ETFs) by financial regulators. This move is part of the party's initiative to make spot bitcoin funds accessible within the country. Following their victory in April'
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The Bitcoin network has achieved a significant milestone by processing its one billionth transaction. This achievement comes 15 years and 4 months after the mining of Bitcoin's genesis block in January 2009. With an average rate of 178,475 transactions per day over its lifespan, Bitcoin has demonstrated
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South Korea has excluded digital currencies from its newly amended donation legislation, which could impact charities and donation drives in the country. Starting in July, individuals will be able to donate to charitable organizations using various methods such as gift vouchers, stocks, and loyalty points, but not cryptocurrencies like Bitcoin.
bitcoin
Earnings from Bitcoin mining saw a significant drop in May following the fourth Bitcoin halving event. The halving mechanism, which limits the issuance of Bitcoin, reduced mining rewards from 6.25 BTC to 3.125 BTC. Despite initial excitement and the launch of Bitcoin Runes, miners experienced a strong decline
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A dormant Bitcoin address that dates back to the time when Satoshi Nakamoto was active has recently become active again after 10 years. The wallet contained 687 BTC, which is equivalent to $43.9 million, and it transferred its holdings to two different wallets on May 6. The movement of
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zkSNACKs, the company behind the Bitcoin wallet Wasabi Wallet, has announced that it will discontinue its CoinJoin coordination service. The decision was made to ensure compliance with the latest legal and regulatory updates in the United States. The closure of the CoinJoin service is due to the lack of clarity
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An inactive bitcoin wallet that hadn't been used for over a decade transferred its entire stack of 687.33 BTC, worth over $44 million, early this morning. The wallet originally received the bitcoins in 2014 when the price of one bitcoin was $917. The reason for the transfer
bitcoin
Analysts at Bernstein have reiterated their prediction that the price of bitcoin will reach $150,000 by the end of 2025. They believe that despite a recent pullback in price, bitcoin is still in the early stages of a healthy cycle. The analysts point to several positive indicators, including the