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Bullish divergence on the price chart, September rate cut prospects and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle. Despite Bitcoin price volatility and five-month lows, several key indicators suggest that the bulls may still have the upper hand, hinting at a potential resurgence in the BTC price trajectory. Bullish divergence boosts BTC rebound prospects faced...
Mt. Gox's wallet activity. (Arkham Intelligence) BTC slides to its lowest level since late February, breaching key price support. Early Friday, defunct exchange Mt. Gox moved 47,228 to a new address from cold storage. Bitcoin's (BTC) slid for a fourth day as defunct exchange Mt. Gox moved sizeable BTC to a new wallet, potentially preparing for creditor repayments. The leading cryptocurrency...
Supporters are calling on the vice president to step up following boss Biden's doddering debate debacle. Vice president Kamala Harris (Kevin Dietsch/Getty Images) Vice president Kamala Harris' odds of becoming the Democratic nominee for president this year more than quadrupled on Tuesday, according to traders on Polymarket, the crypto-based prediction market platform that's seen torrid growth in an election year....
The SEC alleged that MetaMask acted as an unregistered securities broker and that its staking service violated securities laws. Joe Lubin, Founder and CEO of Consensys, speaks at Consensus 2024 by CoinDesk. (Shutterstock/CoinDesk/Suzanne Cordiero) The U.S. SEC sued Consensys Friday, alleging MetaMask's Swaps and Staking products violated federal securities laws. The agency also targeted Ethereum staking services Lido and...
The crypto industry hoped for a question about regulatory or related issues, but the lengthy debate focused on other matters. Former President Donald Trump (left) and President Joe Biden (right) debated in Atlanta on Thursday night. (Justin Sullivan/Getty Images) Crypto did not come up during the first general debate in the 2024 U.S. presidential election, despite industry participants' hopes. This...
The defunct crypto exchange’s trustees said Monday they are preparing to start distributing bitcoin (BTC) stolen from clients in a 2014 hack in the first week of July. Sale sign (Markus Spiske/Unsplash) Traders believe the selling pressure from Mt. Gox's repayments might be less severe than anticipated, potentially easing concerns about an immediate selloff. Galaxy Research suggests that a significant...
Bitcoin transactions worth $100,000 or above have significantly fallen over the past two days. Meanwhile, Bitcoin has retraced below $63,000. Bitcoin transactions worth $100,000 or above have significantly fallen over the past two days. Meanwhile, Bitcoin has retraced below $63,000. Bitcoin whales slowed their transaction activity in the past two days, just before Bitcoin’s price slipped below $63,000. On June...
The company now holds 226,331 bitcoins worth just shy of $15 billion. Nasdaq-listed software firm MicroStrategy (MSTR), the largest corporate holder of bitcoin (BTC), has acquired another 11,931 BTC for $786 million, according to a Thursday morning press release. Led by Executive Chairman Michael Saylor, the company as of the end of April held 214,400 bitcoins. This latest acquisition brings the...
Prospective providers of spot ether ETFs in the U.S. removed provision for staking from their applications to avoid potential regulatory roadblocks. Ophelia Snyder, co-founder of 21Shares, at Consensus 2024 in Austin, Texas (CoinDesk) Lack of staking is unlikely to concern institutional investors, though retail investors may be upset, Synder said. This difference in demand means there is a potential...
Mining stocks outperformed bitcoin in the first half of the month as investors reacted positively to news of Core Scientific’s AI deal with CoreWeave, the report said. U.S.-listed bitcoin miners reached a record total market cap of $22.8 billion in June: JPMorgan (Eliza Gkritsi/CoinDesk) The aggregate market cap of the 14 U.S.-listed bitcoin mining stocks the bank tracks hit...
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