Bitcoin
In-depth research, opinions, and analysis of Bitcoin trends.
Nigerian Bitcoin Premium Reaches 164% Amid Demonetization
<p>Key Points: Due to the impending invalidation of the fiat currency, demand for Bitcoin (BTC) has skyrocketed in Nigeria. Due to this increase in demand, BTC is currently being traded in Nigeria for a premium of up to 163.77%. Peer to peer dealers are currently offering BTC on LocalBitcoins for as much as $62.499. This</p>
Bitcoin Whale That Dormant For Almost 4 Years Suddenly Moves $250 Million
<p>Key Points: An old Bitcoin wallet that had been inactive for over four years abruptly transferred approximately $250 million to another unknown Bitcoin address. The address that received the payments currently has about $500 million in BTC. The dormant whale’s wallet was worth more than $1 billion at the peak of Bitcoin’s value. As market</p>
Bitcoin Miner Marathon Ends Up 2022 With $103.7 Million Unrestricted Cash
<p>Key Points: Marathon Digital, a bitcoin miner, reported that it paid off its revolver borrowings last month, releasing the bitcoin it had been using as collateral and increasing its unconstrained holdings from 4,200 to 7,815 BTC. The firm ended a challenging year for the mining sector with $103.7 million in unrestricted cash. 12,232 BTC in</p>
Bitcoin Is Happy Birthday By Crypto Community
<p>Key Points: The first block was mined by Bitcoin’s pseudonymous creator Satoshi Nakamoto 14 years ago today. Bitcoiners from all over the world are celebrating the birth of Bitcoin (BTC) in a variety of ways, with some choosing to send BTC to the address holding the rewards for mining its genesis block. Simply said, the</p>
Number Of Bitcoin Addresses Holding Over 1,000 Coins Reached A 3-year Low
<p>Key Points: Just yesterday, we saw some positive numbers from retail Bitcoin investors, today, the numbers reflecting larger Bitcoin addresses are not so positive. On January 2, Glassnode data shows that the number of addresses holding more than 1,000 Bitcoins is 2,031, a three-year low. Bitcoin addresses with more than 1000 coins, in other words,</p>
Over 53% Of The Total Hashrate Of Bitcoin Is Controlled By Mining Pools
<p>Key Points: Bitcoin’s hashrate has jumped from the low 170 exahash per second (EH/s) recorded this week to above the 300 exahash range after several bitcoin mining operations from Texas temporarily went offline on Dec. 25, 2022. Furthermore, three-day hashrate distribution statistics recorded on Dec. 29, 2022, indicate that two mining pools command more than</p>
450K <strong>Bitcoin</strong> Was Transferred To Cold Storage In 2022
<p>Key Points: 450,000 Bitcoin (BTC) held on an exchange or in a hot wallet before 2022 have been transferred to cold storage during the course of the year. Black swan occurrences have occurred on the market frequently during the past 12 months, and as a result, exchange reserves for about 550,000 BTC have been depleted.</p>
BTC Price Could Be Near The Bottom If Halving History Rhymes
<p>Key Points: Bitcoin markets are cyclical, with prior cycles centered on halving occurrences. If history repeats itself, the Bitcoin (BTC) cycle may be reaching its bottom. A variety of on-chain indicators point to Bitcoin being at or near the bottom of its cycle. The most significant is the impact of the halving event, as it</p>
Veteran Bitcoiner Bobby Lee Responds To Missed $100,000 Price Prediction
<p>Key Points: When asked about his failed $100,000 prediction during a recent interview with CNBC, Bitcoin industry veteran Bobby Lee responded that he does not consider himself to be a “know-it-all.” “Unfortunately after peaking out at $69,000, the bull market was over, and now we are in the deep of a crypto bear market…It’s unfortunate,</p>
British Columbia Province In Western Canada, Will Prevent New Bitcoin Miners From Operating
<p>Key Points: According to a press statement issued by the provincial government on December 21, new cryptocurrency mining companies in British Columbia will not be allowed to use power. Those applications will be turned down by BC Hydro, a government-owned business and the only electricity provider in the province. Josie Osborne, the energy minister, decried</p>
Fed Raises Interest Rate By 0.5%, Bitcoin No Clear Signals
<p>The US Federal Reserve (Fed) has lowered the temperature to increase interest rates to 0.5% in accordance with the previous commitment. Faced with interest rate news, Bitcoin (BTC) price jumped above $18,000 but quickly corrected back to $17,700. Late on December 14, the US Federal Reserve (Fed) announced the final interest rate adjustment in 2022,</p>
Bitcoin Investment Returns Are At Their Highest Level In Two Years
<p>Santiment, a crypto analytics website, reports that since 2020, there have been a record amount of addresses holding between 10 and 1,000 Bitcoin. These investors, often known as whales and sharks, have grown the amount of their holdings by 5.4% over the last nine months, bringing the total number of wallets of this size to</p>
Cathie Wood Still Has A Positive View Of Bitcoin After The FTX Crisis
<p>Ark Invest CEO Cathie Wood, a Bitcoin maxism, has always had a positive view of the coin despite the recent FTX-induced crisis. Cathie Wood recently tweeted in reaction to a monthly report produced by Ark Invest that Bitcoin didn’t miss a beat throughout a recent crisis, applauding the main cryptocurrency’s resiliency. She also claims that</p>