Category: btc.d

Jack Dorsey Takes A Big Bet on Blockchain and Crypto, Rebrands Square to Block

Two days after appointing India-born Parag Agarwal as the new CEO of Twitter, founder Jack Dorsey has set himself for another mission. The Twitter founder is hinting at putting a major focus on developments in the blockchain and crypto space. On Wednesday, December 1, Dorsey’s financial services firm Sqaure Inc. announced its rebranding to Block […]

Continue Reading

Bitcoin Whales Continue Massive Accumulation As BTC Supply Moves to Strong Hands

As Bitcoin (BTC) continues to move sideways whales have been grabbing the supply in the meanwhile. As per on-chain data provider Santiment, Bitcoin millionaire-tier whale addresses have accumulated a staggering 60,000 Bitcoins over the past week. The data provider noted: If you’ve been waiting for #Bitcoin whales to show signs of accumulation, our data indicates it’s […]

Continue Reading

Non-Zero Bitcoin (BTC) Addresses Reach An All-Time High Suggesting Strong Accumulation

Bitcoin has been under major pressure over the last week and facing strong resistance currently at $60,000 levels. As of press time, Bitcoin is trading 1% down under $57,000 with a market cap of $1.075 trillion. Although Bitcoin remains under pressure its on-chain fundamentals signify signs of major strength and accumulation. As on-chain data provider […]

Continue Reading

El Salvador’s USD-denominated Bonds Take a Hit After The Bitcoin Bonds Announcement

Last week, El Salvador announced plans to launch a Bitcoin City along with launching $1 billion in Bitcoin bonds. However, the country’s aggressive adoption of BTC hasn’t gone well with the global community. El Salvador’s Dollar debt has been tanking significantly and dropped another 2.2 cents on Monday, November 22. El Salvador’s dollar-denominated notes, due […]

Continue Reading

El Salvador Announces Bitcoin City, Plans to Issue $1 Billion In Tokenized Bitcoin Bonds

The Latin American country El Salvador has announced its plans to launch the world’s first ‘Bitcoin City’. Country President Nayib Bukele took the center stage at an event on Saturday, November 20. As per the announcement, Bitcoin City will be initially funded by Bitcoin bonds. Besides, the city planned to the east of the country […]

Continue Reading

Bitcoin (BTC) Price Slips Under $56,000, These Charts Show One Must Start Buying the Dips

Crypto market correction deepens further with Bitcoin (BTC) correcting an additional 7% and slipping under $56,000 levels. On the monthly chart, Bitcoin has formed a new bottom as it continues to break crucial support levels. The world’s largest cryptocurrency has also extended its weekly losses to more than 15%. As of press time, BTC is […]

Continue Reading

Bitcoin (BTC) Ends Its Pandemic-Era Correlation With Nasdaq, Here Is What It Means

The world’s largest cryptocurrency Bitcoin (BTC) has moved so far moved in a greater correlation with the U.S stock markets. Besides, several institutional players have also been gaining exposure to BTC over the last few months. As per the recent report from Bloomberg, Bitcoin’s pandemic-era correlation with Nasdaq 100 has dropped to near zero in […]

Continue Reading

Bitcoin’s Institutional Activity Is 8x from 2017, Traders Show Interest to Buy the Dips

It has been a brutal week so far for Bitcoin and crypto investors. The world’s largest cryptocurrency Bitcoin is down 10% over the last few days and is currently trading under $60,000 levels. Several analysts have been giving six-figure targets for Bitcoin while comparing it to the 2017 bull run. However, the founder of IntoTheBlock […]

Continue Reading

Crypto Market Bloodbath: Bitcoin (BTC) Tanks 8%, Will It Go Under $60,000?

Last Saturday, November 14, Coingape reported that the long-term Bitcoin holders have started distributing their coins indicating a bearish move in the market and here were are today! Bitcoin (BTC) and the overall cryptocurrency market have corrected by 8% as of writing this story. As of press time, BTC is trading 8% down at a […]

Continue Reading

Bitcoin (BTC) Long-Term Holder Distribution Begins, Watch Out for the Bears

After hitting its all-time high of $69,000 earlier this week, the world’s largest cryptocurrency Bitcoin (BTC) has been moving sideways. As of press time, Bitcoin is trading 1.75% down at a price of $63,823 with a market cap of 1.203 trillion. Some on-chain metrics show that long-term BTC holders have started with profit-booking and distributing […]

Continue Reading