BTC

MicroStrategy Adds 11,931 Bitcoins Amid $800M Convertible Notes Sale

MicroStrategy Introduces Decentralized ID Solution on Bitcoin Network

Using Ordinal-based inscriptions to store and retrieve information, MicroStrategy—the biggest corporate holder of Bitcoin—will create a decentralized identification solution on the Bitcoin network. Similar to how actual people’s identities are not associated with Bitcoin addresses or transactions, decentralized identifiers (DIDs) will provide anonymity. Open-source and Not Reliant on Sidechains Moreover,

May 2, 2024 2 mins read

Crypto Markets Kick Off May on Bearish Note: What Lies Ahead?

Crypto Market Kick Off May On Bearish Note: What Lies Ahead?

In the first quarter of 2024, the crypto sphere found itself navigating turbulent waters, with Bitcoin’s highly anticipated halving event failing to produce the expected bullish momentum. The onset of may brought with it a continuation of this bearish sentiment, as Bitcoin plummeted to a two-month low of $56,486, marking

May 2, 2024 2 mins read

Steve Wozniak, Co-Founder of Apple Alludes Bitcoin as the Digital Gold

Bitcoin Plummets Below $57K Amidst Record Outflows from US ETFs

Bitcoin’s (BTC) price took a significant hit, dipping below the $60,000 mark and settling around $57,000 amidst concerns of further decline. The downturn was worsened by substantial outflows from US spot Bitcoin ETFs, exceeding $500 million on May 1st. This sell-off intensified following the Federal Reserve’s (Fed) announcement, led by

May 2, 2024 2 mins read

5 Cryptocurrencies With Hidden Bullish Potential Amidst Market Consolidation

FOMC Meeting Spurs Crypto Volatility, Bears Take the Lead

The third meeting of the Federal Open Market Committee (FOMC) for 2024 is already underway, and it will have a major impact on the American economy. Today, May 1, at 2 PM European Time (11:30 PM Indian Standard Time), the meeting that began on Tuesday, April 30, is expected to

May 1, 2024 2 mins read

Breaking Down Bitcoin’s Retreat to $56K: A Call for Caution?

Distress grips the global crypto market as Bitcoin (BTC) sinks to $56K, slamming the brakes on its momentum within the $62K-$66K zone. From its all-time high (ATH) of $73,750 in March, the largest-capped crypto has retreated by 23% to hit its 2-month low of $56,555. Consequently, crypto liquidations in the

May 1, 2024 2 mins read

BlackRock’s Bitcoin ETF Inflows Paused for 4 Consecutive Days

The crypto community is becoming more worried as inflows to BlackRock’s spot Bitcoin ETF have paused for many days in a row, marking the first such occurrence since the fund’s introduction. In the US, the iShares Bitcoin Trust (IBIT) of BlackRock, which is the fastest-growing spot Bitcoin ETF, has not

May 1, 2024 1 min read

Crypto Market Witnesses Massive Liquidation Amid Recent Price Plunge

The market has seen massive liquidation as the values of cryptocurrencies, especially Bitcoin, have fallen precipitously in the last day. The liquidation of some of these digital assets exceeded $286 million in leveraged crypto positions. In the last 24 hours, about 99,014 traders have been liquidated, with a total of

April 30, 2024 2 mins read

MicroStrategy to Issue $500M in Convertible Notes to Buy More BTC

MicroStrategy Adds More Bitcoin Despite Q1 $53.1M Net Loss

In spite of reporting a financial loss of $53.1 million in the first quarter of 2024, the biggest corporate holder of Bitcoin, MicroStrategy, proceeded to stack additional Bitcoin in April. The company’s digital asset impairment loss increased tenfold from the first quarter of 2023 to $191.6 million in the quarter,

April 30, 2024 1 min read

Traders’ Anxiety Mounts as Bitcoin and Ethereum Prices Dip to Near Two-Week Lows

The past week has seen a significant downturn in trading activity, reminiscent of levels last witnessed during the final week of January. As traders grapple with indecision, the once fervent calls to ‘buy the dip’ have dwindled, echoing a quieter sentiment among those bullish on the crypto market’s trajectory. Bitcoin

April 30, 2024 2 mins read

NiceHash Launches First Exclusive Firmware for Kaspa Miners, Boosting ASIC Performance

Liquidation by Bitcoin Miners Surges Post-Halving for Operational Costs

After Bitcoin ETFs were introduced in Hong Kong today, BTC had a little 2% recovery, going beyond $63,300. The latest on-chain data, however, shows that Bitcoin miners are increasingly liquidating their holdings. A large amount of Bitcoin has been moved from miners to spot exchanges, according to Cryptoquant, an on-chain

April 30, 2024 2 mins read