Sale of Bitcoin at a loss by miners is a sign that the currency may have reached a bottom
Sale of Bitcoin at a loss by miners is a sign that the currency may have reached a bottom Bitcoin hashrate is decreasing, just like in December 2022 — after that, it increased 4 times in 15 months.
CryptoQuant analyzed the metrics of miners, who are responsible for securing the Bitcoin network in exchange for newly issued BTC. As outlined in the market intelligence platform's Wednesday report, several signs of capitulation appeared over the last month, during which the price of Bitcoin fell 13%, from $68,791 to $59,603.
Satoshi-era miner ‘awakens’ after 14 years and sells millions in Bitcoin
Although these coins were mined at a time when the creator of Bitcoin was still active, it is difficult to believe that they belong to him.
A miner moved his bitcoins for the first time in 14 years this Thursday (27). The coins were mined in July 2010, a time when Satoshi Nakamoto was still active in developing the project and participating in public discussions with the community.
At the time, it was even difficult to know what the price of Bitcoin was, as there were no consolidated brokers in the market. In any case, sources point out that each BTC was traded between 1 and 10 cents on the dollar.
Voters participate in US presidential debate – will Trump or Biden mention cryptocurrencies?
Voters take part in US presidential debate – will Trump or Biden mention cryptocurrencies? Many cryptocurrency users are asking CNN moderators Jake Tapper and Dana Bash to ask both candidates at least one question related to digital assets. Navigating through turbulent waters in recent days, Bitcoin #btc it was traded at around US$61.4 thousand (-4.3%) and accumulated a weekly decline of 6% in the early afternoon of this Monday (24). Although the benchmark remained at 53.8% market dominance and with most major altcoins by market cap in the red, cryptocurrency expert Michael van de Poppe used the X to say that the tokens may have bottomed out. pot and listed some altcoins with potential for an increase of up to 650% in the short term.
Binance will remove 7 crypto pairs from its platform
Binance announces it will remove 7 cryptocurrency pairs, see the list While four cryptocurrencies were traded against stablecoins, another four were traded against BTC, ETH and BNB.
Binance, the world's largest crypto broker, announced this Wednesday (26) the withdrawal of 7 cryptocurrency pairs from its platform. According to the text, the decision may have been made due to several factors, including low liquidity and volume. The withdrawal is surprising because it involves famous cryptocurrencies such as Chainlink (LINK), Blur (BLUR) and Shiba Inu (SHIB). However, these and other currencies will still be available for purchase and sale through other pairs on the broker. The delisting will take place this Friday (28) at midnight Brasília time.
In the announcement published this Wednesday, Binance revealed that it will be removing 7 pairs from trading as early as next Friday. They are:BLUR/FDUSD;LINK/TUSD;MEME/ETH;METIS/FDUSD;NFP/BNB;OSMO/BTC;SHIB/TUSD.As can be seen, the pairs do not follow any pattern. While four cryptocurrencies were traded against stablecoins, another four were traded against BTC, ETH and BNB. Given this, the reason is linked to low demand for these pairs. The withdrawal did not have a major impact on the price of the affected coins. Shiba Inu (SHIB), for example, operates at a daily increase of 0.4%, following the slight appreciation of Bitcoin. Both Chainlink (LINK) and NFPrompt (NFP) are rising 0.3%, without major changes. The worst performers are Blur (BLUR) with −6.3% and Memecoin (MEME) with −2.3%. Next come Osmosis (OSMO) with −2.1% and Metis (METIS) with −1%. Binance's coin, BNB, is being traded for US$572 at the time of writing, showing a slight increase of 0 .1% on the day.
The cryptocurrency market is quietly approaching new all-time highs (ATHs), and the high-octane altcoin sector is awash with promising projects.
This article considers narratives, use cases, pricing, tokenomics, and more to offer insights into five new altcoins worth watching.
Dogerse Dogeverse is a new memecoin currently in pre-sale. The project has raised over $12 million to date, driven by excitement over its innovative multichain perspective.
Solana plummets with rumors and fear about the future of cryptocurrencies meme
Cryptocurrency has lost over $3 billion in market capitalization in the last seven days
Solana has moved into the group of negative highlights in the market in recent days. Data from the CoinGecko platform shows that it has accumulated a drop of 11.3% in the last seven days, losing more than US$3 billion in market capitalization.
Despite the losses, the asset remains among the five largest in the crypto world. The devaluation also occurs in the midst of an adverse period for crypto assets, with a widespread decline. However, sol's retreat is above the average for the main digital assets.
I came to a conclusion. Everything revolves around Bitcoins. The currency rises and other cryptocurrencies rise... It fell and other cryptocurrencies followed. It's like the sun, in our galaxy. All cryptocurrencies revolve around it. #Binance #ethereum #bitcoin $BTC $ETH $SOL
Turkey's largest Bitcoin broker is hacked and pauses withdrawals The broker claims that no users were affected by the attack because the amount stolen would be an excess of their reserves.
The investigation indicates that the hackers would have converted the sum to Bitcoin, resulting in 710 BTC that were divided between two addresses.
Meanwhile, the Arkham Intelligence tool reveals transfers of several cryptocurrencies from the BtcTurk wallet in the last few hours. This includes US$2.1 million in Fetch.ai (FET), US$722 thousand in The Graph (GRT), US$553 thousand in Floki (FLOKI), among others.
However, it is possible that this movement is being made by the broker itself for security reasons. Finally, this is yet another reminder that a cryptocurrency broker is not a wallet. After all, although BtcTurk claims that its users were not affected, withdrawals are suspended indefinitely, making it impossible to access the money.#bitcoin $BTC
Binance announces new airdrop system and will give thousands of free cryptocurrencies to holders
Binance announces new airdrop system and will give thousands of free cryptocurrencies to BNB holders
Binance announced this Wednesday, 19th, two major changes to the platform and its token launch system. The first of these was the closure of the launchpad system, which was used to launch new cryptocurrencies.
The system was widely used last year, but ended up losing popularity this year to Launchpool in which users earn free tokens as a reward for the staking period.
Bitcoin (BTC) could reach US$170,000 with Biden's re-election, says former Trump administration director
Donald Trump has already declared that he will be the “crypto president” if he wins the elections in the United States and returns to the White House. But Joe Biden's reelection could give bitcoin (BTC) an even bigger boost — and that's according to a former ally of the Republican candidate.
Former White House communications director in the Trump administration, Anthony Scaramucci stated that the market's main cryptocurrency could reach US$170,000 in an eventual Biden victory.
At around 3pm this Friday, bitcoin fell 2.03%, quoted at US$63,645. This year, however, the cryptocurrency still accumulates an increase of 50% in dollars.
During an interview with the Unchained program, Scaramucci declared that Biden's administration brings more political stability, being the key to new highs for bitcoin.
Keep an eye on these BTC price support levels as Bitcoin falls below $64K
Short-term Bitcoin holders' cost base is surpassed in a rare show of weakness as BTC price action fails to find support.
Down 3.7% for the week and 5.75% in June so far, the pair has struggled to maintain even the $64,000 mark.
Analyzing the current market structure, popular trader Skew acknowledged that some buyer interest was returning at the lows, but sustained supply would be needed to drive a broader recovery.
Managers were surprised by Bitcoin and now focus on Ethereum
Managers were surprised by Bitcoin and now focus on Ethereum
News about Bitcoin, Cryptocurrencies and Blockchain American manager mocks the traditional financial sector by promoting Ethereum ETF According to data from Hey Apollo, American managers already hold more than 870,661 bitcoins in their ETFs. The amount is equivalent to R$309 billion. Therefore, it is no surprise that they are already preparing for the launch of Ethereum ETFs, which is expected to take place in early July. About to launch its Ethereum ETF, American manager Bitwise released a humorous advertisement mocking the traditional financial system. The focus is on the difference in times between the operation of these two mechanisms. Representing the traditional system, an elderly man appears, getting ready to go to sleep.
Stablecoin transfer volume has increased 16 times in the last 4 years
The rise in stablecoin usage could be a sign of growing cryptocurrency adoption for a maturing industry. Stablecoin transfers have increased more than 16-fold in the last four years, being highlighted as a promising metric of mass cryptocurrency adoption.
Monthly stablecoin transfer volume reached a record $1.68 trillion in April, compared to $100 billion in October 2020, representing a more than 16-fold increase, according to data from Token Terminal.
Solana Drops to 45-Day Low — Will SOL Price Jump by $130?
SOL price weakness can be explained by activity on the Solana Network and lack of appetite from derivatives traders. Solana's native staking reward rate is just 1.3% above the SOL token's inflation rate. In contrast, Ethereum offers an effective reward rate of 2.8% due to its burn mechanism, which results in annualized inflation of just 0.4%, according to StakingRewards. This directly impacts Solana's total value locked (TVL), which has stagnated below $30 million since May.
Kraken, one of the largest cryptocurrency brokers in the world, revealed that it had found a critical bug on its platform. In short, the vulnerability allowed hackers to print money to their accounts.
The information was presented by Nick Percoco, Kraken's security director, this Wednesday (19).
“We discovered an isolated bug,” Percoco wrote. “This allowed a malicious attacker, under the right circumstances, to initiate a deposit on our platform and receive funds into their account without fully completing it.”