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Posts Tagged ‘BTC’

Is China Losing Its BTC Mining Monopoly?

This week the price of Bitcoin (BTC) surged more than 15%, reaching a high at $7,200 before pulling back into the $6,800 range. Despite the recovery, Bitcoin still has a way to go in order to reach the $8,000 level seen before the coronavirus-triggered selloff on March 12. Cryptocurrency market performance. Source: Coin360 The drop…

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Bitcoin Whale Sends 5,500 BTC to Binance Worth $33.8M

Twitter bot Whale Alert reported that 5,500 Bitcoin was moved from an unknown wallet to Binance, prompting fears that the transaction might lead to a significant drop in BTC price. $33.8M Worth of BTC Moved from Unknown Wallet to Binance On March 29, about $33.8 million worth of Bitcoin left an unknown wallet to reach…

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Bitcoins on the Move — Is BTC Price Inversely Correlated to Mempool Size?

After making a strong recovery from $3,775 to $6,450, Bitcoin’s (BTC) price has traded in a tight range which has seen the price struggle to push above resistance at $6,400 and $6,850. Despite the current pullback, technical indicators like the Stock-to-Flow model and the network’s consistent growth in hash rate show that investors have regained…

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Bitcoin Wallets Holding at Least 1 BTC Set to Hit 800K All-Time Highs

Bitcoin (BTC) addresses holding 1 BTC are on the rise — but only a maximum of 800,000 people currently own a whole coin. That is according to data released on March 28, which put the total number of wallets containing at least 1 BTC at all-time highs. Are “Wholecoiners” multiplying? The figures from monitoring resource…

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Bitcoin Cash Miners Leave Network for BTC Amid Difficulty Drop

It’s troublesome times for everyone right now, not least for miners. But as Bitcoin experiences its second-largest drop in mining difficulty at 15.95%, miners have started abandoning BCH for the leading cryptocurrency. Miners Move After Difficulty Drop Soon after suffering a brutal sell-off inline with traditional markets, and the worst in seven years, the Bitcoin…

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Why Investors Think BTC Could Fall to $3200?

Confidence in Bitcoin price bouncing back is extremely slim, with 48% of respondents expecting more price slides in a recent Bitcoinist poll. Bitcoin Confidence Lost After Deep Crash The confidence in Bitcoin is at low tide, as nearly half of respondents expect more selling and an extended capitulation. The expectations are that BTC price will…

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Deribit Pumps 500 BTC Into its Own REKT Insurance Fund

It’s a wild ride out there as insane volatility catches both derivatives traders and exchanges off-guard. Not only did BitMEX suffer a “hardware” issue but Deribit also went down and saw its insurance fund get REKT. Instead of initiating socialized losses though, the Panama-based exchange will use 500 BTC from its own funds. Deribit Does…

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