Bitcoin News

Bitcoin News

Markets

Bitcoin Prices Retrace as Traders With Varying Time Horizons Jockey for Position

Longer term holders remain resilient. Bitcoin super whales warrant attention, as they have recently reduced positions.

(Mathew Schwartz via Unsplash)

Markets

Bitcoin Edges Below $27K as Latest Bank Crisis Fails to Trigger Price Increase

BTC has been trading largely below the psychologically important $30,000 mark since late April, as investors wrestle with recent bank sector debacles and other macroeconomic uncertainties.

Downgrade spiral staricase going down downwards (Unsplash)

Finance

Bitcoin’s High Fees Brought Back Bull Market-Level Mining Revenue, But Not for Long

The transaction fees debacle might have provided a short-lived revenue bump for the miners but gives a glimpse of the future for the industry.

(Rachel Sun/CoinDesk)

Tech

Threshold Network Goes Live With Wormhole to Bridge Bitcoin to 20 Blockchains

Using bitcoin on other networks previously required users to rely on centralized bridges, which increased risks for token holders.

Prime Protocol to eliminate need for cross-chain bridges (Charlie Green/Unsplash)

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Markets

Long-Term Bitcoin Holders Boost Their Stash as BTC Prices Decouple From Nasdaq

Long-term holder wallets are witnessing net accumulation at the fastest pace since October 2021.

Bitcoin: Long term holder net position change (Glassnode)

Tech

Developers Deploy Uniswap Contracts on Bitcoin as BRC20-Based SHIB, PEPE Gain Popularity

Tokens issued on Bitcoin ran to a cumulative market capitalization of as much as $1.5 billion earlier this week before sharply correcting.

Red arrows moving upon wooden blocks, Business concept Growth, Conceptual Business Finance Growth (Sakchai Vongsasiripat)

Markets

First Mover Asia: Expect Bitcoin to Hit $25.2K Soon: Strategist

ALSO: Bitcoin needs a compelling narrative to break from its current range, but that likely will not occur until next year, says the CEO of Web3 bond-market platform Umee.

Deutsche Bank's survey of retail investors see bitcoin (BTC) price dropping below $20K by year-end (Meg Boulden/Unsplash)

Markets

Bitcoin Roller Coaster Ride Wednesday Underlines Its Vulnerability but Also Its Resilience

Bitcoin and ether rose on mildly favorable inflation data, sank amid rumors of a U.S. government sell-off of BTC and then climbed again as investors shrugged off the tumult.

(Chris De Tempe/Unsplash)

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Opinion

Rehypothecation May Be Common in Traditional Finance, but It Will Never Work With Bitcoin

Several crypto lenders, exchanges and funds that used customer assets to grow rapidly had a crash course in the limits of digital scarcity in 2022.

(Edge2Edge Media/Unpslash)

Opinion

If Bitcoin Can’t Handle a Few JPEGs, How Can It Handle the World?

Network congestion from ordinals and BRC-20s is a stress test – and Bitcoin is failing.

(Getty Images)

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