Bitcoin Exchange Balances ‘Overrated?’ 140K BTC Mt. Gox Payout Sparks Debate – One commentator argues that Bitcoin exchange balances are not a reliable yardstick for BTC price strength, while others dismiss the latest Mt. Gox fears. Bitcoin Analysis Now Doubts the Relevance of Exchanges’ BTC Balances as 140,000 Mt. Gox Coins Line up for Release […]
Bitcoin ETFs Experience $1.3 Billion Outflows in a 2-Week Slump Bitcoin ETFs have witnessed outflows of $1.3 billion over the last two weeks of trading. However, analysts are optimistic about market recovery in the upcoming months. Outflows from United States spot Bitcoin exchange-traded funds (ETFs) reached $1.3 billion over the last two weeks amidst a […]
Bitcoin Hash Price Approaches All-time Low Amid ‘Survival Games’ Despite the crash in hash price, most Bitcoin mining machines are still profitable for now. Bitcoin’s hash price has fallen to nearly its lowest level ever recorded This metric measures miner revenue on a per terahash basis On June 24, the hash price dropped by nearly […]
Mt. Gox Repayments Impact Analysis The upcoming $8.5 billion Mt. Gox creditor repayments in Bitcoin may not have as significant of an effect on the overall Bitcoin price as some anticipate, according to analysts. IG Markets analyst Tony Sycamore mentioned that historical factors make it challenging to accurately predict the impact of the repayments, but […]
Bitcoin Sentiment Index Drops to ‘Fear’ – Lowest Score in 18 Months The weakened market sentiment comes amid fears of a potential $8.5 billion market dump by Mt. Gox and recent mass outflows from United States spot Bitcoin ETFs. The Crypto Fear and Greed Index has tanked to its lowest score in nearly 18 months. […]
Bitcoin will protect the wealth that AI creates: Pompliano AI machines will need to use and store their wealth somewhere, and Bitcoin is the logical choice for that, Anthony Pompliano says. Bitcoin (BTC) will be the preferred asset to secure wealth created from AI over the next decade, says Bitcoin bull and venture capitalist Anthony […]
Bitcoin Analysts Predict Decrease in BTC Price Before Parabolic Run Begins A few Bitcoin analysts are now suggesting that the price of BTC may drop below $50,000. Below, we delve into the reasons for this prediction: The frequency of Bitcoin failing to break above higher resistance levels has led to the formation of a “double-top […]
Bitcoin derivatives turn bearish as traders anticipate sub $60K BTC price Bitcoin derivatives data suggests that macroeconomic and crypto-specific factors are behind BTC’s recent drop below $60,000. Bitcoin price dropped 5.8% between June 23 and June 24, reaching its lowest level in seven weeks at $59,700. $153 million in leveraged long BTC futures was forcefully […]
Disrupting the Cloud Computing Industry: DePIN’s Impact Cointelegraph Research has uncovered the transformative effects of DePIN networks and SwanChain’s ecosystem on the cloud computing sector. Cloud computing market projected to reach $2.3 billion by 2032 Risks of market domination by a few key players March 2024 Meta outage affecting 600,000 users globally DePINs (Decentralized Physical […]
Bitcoin DeFi Development: Insights from Developers The landscape of Bitcoin DeFi presents unique challenges for developers, with issues surrounding base yield and fragmented liquidity serving as key obstacles. Here are some insights shared by experts in the field: The lack of base yield and fragmented liquidity hinder Bitcoin DeFi growth SolvBTC introduces Liquid Yield Tokens […]
