Category: BTCGBP

40K BTC Deposited to Exchanges Since May 11: but Here is the Good News

40K BTC Deposited to Exchanges Since May 11: but Here is the Good News

Last week’s rollercoaster continues to impact the cryptocurrency market in one or more ways, as IntoTheBlock data indicated that approximately 40,000 BTC had made their way into exchanges since May 11. While this has increased the selling pressure, there’s some good news since bitcoin actually managed to remain above $28,000, which was a pivotal mark. […]

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Bitcoin Stalls Below $30K, Polkadot Recovers Another 7% (Weekend Watch)

Bitcoin Stalls Below $30K, Polkadot Recovers Another 7% (Weekend Watch)

Bitcoin has calmed just under and around the $30,000 level after the recent massive volatility that brought the asset south by five digits. Most altcoins are also quite stagnant on a daily scale, with a few exceptions, such as Polkadot, Bitcoin Cash, and Monero. Bitcoin Stands Still Below $30K The past ten days were nothing […]

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Kraken’s Jesse Powell to Go All-In on Bitcoin if it Drops to $20K

Kraken’s Jesse Powell to Go All-In on Bitcoin if it Drops to $20K

Jesse Powell – Co-Founder and CEO of the crypto exchange Kraken – revealed he had used half of his capital to purchase bitcoin in July last year. He assured his holdings stay untouched, vowing to go “all-in” if the primary cryptocurrency declines to $20,000. ‘Godspeed, Paperhands. Godspeed.’ Kraken’s top executive – Jesse Powell – seems […]

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Over $300 Million Liquidated in an Hour as Bitcoin Plunged to $31K

Over $300 Million Liquidated in an Hour as Bitcoin Plunged to $31K

More carnage swept through the crypto markets today, with another $300 million worth of trades liquidated within an hour. This happened as Bitcoin’s price plunged as low as $31,000 – its lowest level since July 2021. According to Glassnode, exactly $314.3 million in trades have been cleared within the last hour and $724.99 million within […]

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Sunshine Tour’s Best Golfers to Win Bitcoin Awards

Sunshine Tour’s Best Golfers to Win Bitcoin Awards

Sunshine Tour – a professional golf tournament held in Southern and Eastern Africa – partnered with Luno to bring cryptocurrencies closer to the participants. Apart from prizes in fiat currency, the top golfers will receive awards in bitcoin. BTC Reaching the Golf Course The primary cryptocurrency keeps making its way through the sports industry. The […]

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Weekend Watch: LUNA Dumps 8%, Bitcoin Struggling at $36K

Weekend Watch: LUNA Dumps 8%, Bitcoin Struggling at $36K

After yesterday’s massacre, bitcoin slipped slightly more and dropped to another multi-month low. Most altcoins are in a similar position, with Terra losing the most value on a daily scale. In contrast, TRON, Algorand, and Monero have charted impressive gains. Bitcoin’s Latest Low It’s safe to say that bitcoin has seen better days, which weren’t […]

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Ray Dalio: Bitcoin is Not a Good Competitor Against Gold

Ray Dalio: Bitcoin is Not a Good Competitor Against Gold

In a recent interview with the Economic Times, billionaire investor and founder of Bridgewater Associates, Ray Dalio, acknowledged the potential of digital assets, especially Bitcoin, emphasizing their impressive performance over the past decade. Dalio: Bitcoin Still Has Unresolved Issues 72-year-old American investor also noted that Bitcoin’s finite supply makes it similar to other universally accepted […]

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Bitcoin Is Now Half Way From its Next Halving as Hashrate Marked ATH

Bitcoin Is Now Half Way From its Next Halving as Hashrate Marked ATH

Bitcoin has crossed the halfway line of its third halving, which the community sees as a bullish sign for its price since the issuing rate is reduced by 50%. Less Than 105,000 Blocks Away From Next Halving After Block 735,000 was mined on Thursday by Poolin, earning 0.16215354 BTC ($6,402.45) in fees, Bitcoin officially entered the […]

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Bitcoin Collapses to 10-Week Lows, Binance Backs Musk’s Twitter Deal With $500M: This Week’s Crypto Recap

Bitcoin Collapses to 10-Week Lows, Binance Backs Musk’s Twitter Deal With $500M: This Week’s Crypto Recap

Bitcoin’s price crashed to levels that we last saw on the day that Russia invaded Ukraine. Moreover, the entire market lost over $150 billion of its capitalization as the past 24 hours caused nothing but mayhem in the industry. Bitcoin’s price is down 9% in the past seven days, and it’s currently trading slightly above […]

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SEC Approves Valkyrie’s Bitcoin Futures ETF

SEC Approves Valkyrie’s Bitcoin Futures ETF

The US Securities and Exchange Commission has approved yet another proposal for a futures Bitcoin ETF. According to the official document, Valkyrie’s XBTO Bitcoin Futures Fund is the latest such product to have secured approval from the SEC. Valkyrie XBTO Bitcoin Futures Fund was first filed in August 2021, and its approval follows that of […]

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