Bitcoin Archives

Ethereum Market Cap Plummets $1 Trillion Behind Bitcoin—3 Factors Driving ETH’s 2024 Decline

Ethereum’s market cap has dropped $1 trillion behind Bitcoin due to declining whale transactions, ETH sales, and slow adoption of ETFs. Concerns about centralization following Ethereum’s move to Proof-of-Stake are contributing to its ongoing market struggles. Following the staking cap review recently shared by CNF, in which Vitalik Buterin warned... read more →

Umer
November 11, 2024
Bitcoin

Bitcoin Sees High Activity Despite Price Decline as 320K Addresses Engage

Over 320,000 active Bitcoin addresses are interacting with the price range near its old ATH. Bitcoin reserves on exchanges are near five-year lows, suggesting traders prefer holding despite recent market corrections. Around its old all-time high (ATH), Bitcoin is showing considerable activity, indicating increased interest and possible support. IntoTheBlock data... read more →

Umer
November 11, 2024
Bitcoin

$3.5 Billion in Dogecoin Transactions in 24 Hours: Is a DOGE Mega Rally Coming?

Dogecoin’s trading volume surged by over 33%, reaching $3.57 billion, indicating growing investor interest and a potential rally. DOGE’s strong correlation with Bitcoin (0.91) suggests that as Bitcoin rises, Dogecoin may also experience substantial gains. As long anticipated by its community, Dogecoin (DOGE) is showing signs of renewed momentum. Previously,... read more →

Umer
November 11, 2024
Bitcoin

UAE’s Pro-Crypto Stance Grows Stronger with New DAO Legal Framework

The UAE’s new DAO legal framework (DARe) enhances credibility for decentralized organizations, making it easier for DAOs to interact with the traditional financial system. The UAE’s crypto-friendly stance and favorable regulations position it as a global leader in blockchain innovation, attracting both emerging and mature DAOs. The UAE continues to... read more →

Umer
November 11, 2024
Bitcoin

Institutional Investors Now Hold 20% of Bitcoin Spot ETFs

Institutional ownership of U.S. Bitcoin Spot ETFs has grown, with asset managers holding 193,000 BTC, about 20% of the market. SEC-approved Bitcoin ETFs offer direct exposure to Bitcoin, increasing market liquidity and improving institutional access to the asset. Institutional ownership of Bitcoin Spot ETFs in the United States has increased... read more →

Umer
November 11, 2024
Bitcoin

Bitcoin hits new ATH surpassing $1.6T market cap

Bitcoin has been hitting new all-time highs over the past week as the crypto market recorded strong bullish sentiment after GOP candidate Donald Trump won the U.S. presidential elections. Bitcoin (BTC) gained 18% over the past week and is up 3% in the past 24 hours. The leading cryptocurrency reached... read more →

Seren Lindholm
November 11, 2024
Bitcoin

Are We Facing Another Bitcoin Market Correction Like in 2021?

Alan Santana highlights a potential market correction for Bitcoin, drawing comparisons to price patterns in 2021. Over 320,000 active Bitcoin addresses interact near its previous all-time high, signaling strong holder sentiment. Popular trader Alan Santana’s recent analysis on TradingView shows an interesting trend for Bitcoin, making connections between its price... read more →

Umer
November 11, 2024
Bitcoin

BRICS Leaders Eye Bitcoin to Counter Western Sanctions at Kazan Summit

BRICS leaders at the Kazan Summit are pushing for Bitcoin as a financial tool to bypass Western sanctions, signaling a shift away from US dollar dependency. Strategic partnerships and crypto mining initiatives within BRICS reflect the coalition’s goal to reduce reliance on Western financial systems and boost technological self-sufficiency. Matthew... read more →

Umer
November 11, 2024
Bitcoin

Bitcoin Miner Core Scientific Grows AI Infrastructure With CoreWeave

Core Scientific partners with CoreWeave to expand its AI infrastructure, leveraging its expertise in customized data centers. Core Scientific has been involved in AI since 2019, integrating AI clusters while maintaining its Bitcoin mining operations. One of the biggest Bitcoin mining firms, Core Scientific, has contracted CoreWeave to increase its... read more →

Umer
November 11, 2024
Bitcoin

El Salvador President’s Bitcoin Donation Supports School Construction in Honduras

President Bukele donated 2 BTC to fund 1,000 school constructions in Honduras, expanding El Salvador’s Bitcoin initiative. Despite legal BTC status, only 7.5% of Salvadorans use it for transactions, highlighting low adoption rates. Recently making news is El Salvador’s President Nayib Bukele’s 2 Bitcoin donation—valued at around $134,000—to help Honduras... read more →

Umer
November 11, 2024
Bitcoin

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