Bitcoin

Addresses-Holding-0.1+-Bitcoin-Hit-a-New-All-Time-High
Addresses Holding 0.1+ Bitcoin Hit a New All-Time High

The number of addresses with 0.1 or more bitcoin has reached a new all-time high of over 3.7 million. This is a very positive sign for the future of cryptocurrency. Bitcoin’s market dominance is currently at 67.7%. The number of addresses holding 0.1+ bitcoin just hit a new all-time high of over 3.7 Million. That’s an increase of roughly 1 Million addresses in just the past six months. This is a testament to the growing interest and adoption of Bitcoin, as more and more people are becoming aware of its potential as a store of value and investment asset. The

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Maximalist-Opens-up-Against-Ethereum;-Reports
BTC Maximalist Michael Saylor Opens up Against Ether

Michael Saylor opened up on why he believes Ethereum is unethical. Saylor claims that the securities laws have their basis in the Decalogue. The basis of securities laws is thou shall not lie, cheat or steal. In a recent tweet, noted cypherpunk Michael Saylor opened up on why he believes Ethereum is unethical. Saylor, the CEO of enterprise software company MicroStrategy, has been an outspoken critic of Ethereum and other cryptocurrencies. In his tweet, Saylor said that Ethereum is “inherently unethical” because its existence violates securities laws. He added that Ethereum is “a textbook example of fraud.” Saylor’s comments come

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Mining-Bitcoin-Now-Costs-$13K-Now,-Dropped-From-$24K-in-June
Increased Risk Sentiment Might Prompt Bitcoin’s Sell Off

Market events, such as FOMC meeting, CPI and employment data, might trigger a strong crypto sell off. In addition, the US is now in recession. Bitcoin’s price today shows strong support despite these events. Over the past week, Bitcoin experienced a downward trajectory after running into the $24,000 resistance. The recent upward run of Bitcoin, as it slowly recovers from June’s meltdown, continuously retests the resistance.  However, recent market events show Bitcoin’s unreliability and there’s a high chance it might lose its support. These events include the Federal Open Market Committee (FOMC) meeting and reports such as Consumer Price Index

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Bitcoin-is-Up-Amid-FED-Rate-Increase-and-Recession
Bitcoin is Up Amid FED Rate Increase and Recession

The FED announced another rate hike increase on Wednesday. The US enters a “technical” recession. Yet, Bitcoin’s price is holding at the $23k mark, up 2.65% in the last 24 hours. The crypto market was expected to be shaky this week, especially after the US entered recession and the US Federal Reserves raised interest rates by 0.75% on Wednesday.  The Federal Reserve announced on Wednesday another increase of its interest rate in an effort to fight inflation. According to the government’s press release, the unemployment rate has remained low in recent months. However, the elevated inflation has caused imbalances in

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Total-Crypto-market-cap-keeps-pushing-up
Total Crypto Market cap Keeps Pushing up

The cryptocurrency market capitalization is now $1.019 trillion. On July 18, crypto traders celebrated as the overall market capitalization reclaimed $1 trillion. The market is being driven by factors including strong technical indicators. The cryptocurrency market capitalization has grown to $1.019 trillion, with Bitcoin’s dominance rate standing at 41.6 percent. The total value of all cryptocurrencies has increased by $274 billion in the past week. On July 18, crypto traders celebrated as the overall market capitalization reclaimed $1 trillion after weeks of widespread selling following Bitcoin (BTC) price plunging below $18,000.  BTC’s Dominance chart, source: trading view Data from TradingView

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Cynthia Lummis is Still Bulish on Bitcoin

Cynthia Lummis mentioned that she is still bullish on Bitcoin. The senator is not alone in her bullishness on Bitcoin. She thinks that the long-term prospects for bitcoin are excellent. Reports have arisen with a US senator, Cynthia Lummis mentioning that she is still bullish on Bitcoin because she believes in the long-term potential of the technology. While the short-term price movements are always hard to predict, She thinks that Bitcoin has a lot of upside potential in the long run. With more and more people becoming aware of Bitcoin and its benefits, the senator believes that the Bitcoin price

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Bank-Santander-to-Offer-Crypto-Trading-to-Brazil
Bank Santander to Offer Crypto Trading to Brazil

Santander is one of the largest banks in the world. Santander has been at the forefront of blockchain and crypto adoption. Brazil’s central bank is preparing to launch its own digital currency, the Brazilian Real (BRL). Spanish banking multinational Santander plans to offer crypto trading to its clients in Brazil in the coming months, Santander Brazil CEO Mario Leao said on Thursday. The move would make Santander the first major bank to offer such services in Brazil. Leao said that the bank is “studying” the possibility of offering crypto trading to its clients, but did not give a timeline for

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Bank-Santander-to-Offer-Crypto-Trading-to-Brazil
Chance at Bitcoin and Crypto Recovery Seems Closer Than Expected

Twitter’s crypto community holds its breath as Bitcoin (BTC) charts approach MACD cross. The community hopes to see a speedier recovery for the crypto market.  Bitcoin (BTC) seems to be in better sentiment since the reigning FUD last month. Bitcoin could head into a stronger bullish signal if it can hold its present momentum. This observation comes from Lark Davis, active crypto trader and investor, who holds popularity in the Twitter crypto community.  In detail, Davis points to the Bitcoin price charts as we can see from the tweet above. He states that Bitcoin (BTC) is growing closer to hitting

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Bitcoin Network has transferred $17.78T in 2022 already
Netherlands Announces Listing a New Spot Bitcoin (BTC) ETP

The Netherlands announces the listing of a new spot Bitcoin (BTC) ETP.  Twitter’s crypto community is happy to see more crypto adoption across the globe.  Collectively, the community hopes more nations like the US will follow suit. Twitter is celebrating the wider adoption of Bitcoin (BTC) once again today thanks to an announcement in the Netherlands. In detail, the Netherlands just announced the listing of a new spot Bitcoin (BTC) ETP within its nation.  As we can see from the tweet above, the popular Bitcoin (BTC) Twitter profile — Bitcoin Magazine, posted about Netherlands’ decision. Furthermore, the tweet goes on

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Big-Brazil-Equities-Broker-Offers-BTC-and-ETH-Trading-Services
Big Brazil Equities Broker Offers BTC and ETH Trading Services

One of Brazil’s renowned equities brokers has joined the Bitcoin (BTC) revolution. XP Inc will soon offer Bitcoin (BTC) and Ethereum (ETH) crypto trading services. The offer will be available to clients from mid-August, more assets will join by 2022 end. Brazil joins the Bitcoin revolution as one of the biggest Brazilian equities brokers — XP Inc, made a huge decision. In detail, XP Inc will soon offer its customers the chance to trade Bitcoin (BTC). To highlight, it will start with 3.6 million customers in August.  To begin, the Brazilian brokerage will open its digital trading platform by initially

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Brazil’s-Nubank-Welcomes-Over-1M-Crypto-Users-Within-a-Month
Brazil’s Nubank Welcomes Over 1M Crypto Users Within a Month

Brazil’s Nubank now has over 1 million crypto users on its platform.  This influx of crypto users came in just one month after opening crypto trades on the app. More financial firms are offering crypto-driven services in the nation. Brazil continues to impress the crypto industry by making headlines. The latest of which is about its increasingly popular neobank — Nubank. To highlight, Nubank is now home to over 1 million crypto users.  This is great news for the neobank, especially since it only just launched its Bitcoin (BTC) and crypto trading services to its clients only a month ago.

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Bitcoin Recovery Streak Falters at 50-Day Moving Average

Bitcoin’s initial price recovery seems to have hit a snag.  The BTC price fell after failing to retake the 50 day moving average.  Presently, the price of Bitcoin (BTC) is staggering closer to below $21,000. It seems the crypto sector popped their champagne bottles a little too early last week, at least, it seems so according to Lark Davis. The popular crypto investor and trader highlighted Bitcoin’s (BTC) feeble attempt at recovery on Twitter.   As we can see from the tweet above, Lark Davis mentions how the recent surge in the price of Bitcoin (BTC) is already falling. Indeed, it

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