Category Archives: Bitcoin (BTC)

According to data provided by cryptocurrency analytics firm Lookonchain, HarryPotterObamaSonic10Inu (BITCOIN) meme coin recently collapsed by 52% due to the largest holder selling a total of 24 million tokens for $5.24 million. After paring some losses, the meme coin is currently trading at $0.22, according to CoinMarketCap data. Earlier today, it was trading at as […]

In the past 20 hours, WisdomTree, a major ETF issuer in the U.S., executed a large transaction, transferring 8,258 Bitcoin (BTC), valued at approximately $600 million, and 48.83 Ethereum (ETH), valued at nearly $125,000, to the Coinbase exchange.  As of January 2024, New York-based WisdomTree manages approximately $99.5 billion in assets globally, with investments spanning multiple asset […]

Kontrol Technologies, a Canadian public company that provides various solutions linked to smart buildings and smart cities, has announced the addition of Bitcoin to its balance sheet in a Friday press release. The company has purchased $1 million worth of Bitcoin, and it plans to continue buying the cryptocurrency in the future with its cash flows […]

Robin Brooks, former chief economist at the Institute of International Finance, continues to insist that Bitcoin is “just another bubble asset” despite the substantial gains that were recently recorded by the flagship cryptocurrency.  The economic expert has downplayed the recent rally, arguing that it was simply the result of an interest rate cut implemented by the […]

The price of Bitcoin, the leading cryptocurrency, slipped to the $67,000 level earlier today, reaching an intraday low of $67,962, according to data provided by CoinGecko. At press time, the top cryptocurrency is down by 2.7% over the past 24 hours. The flagship cryptocurrency added roughly 11% in “Uptober,” which ended up being an unsurprising bullish […]

Jim Bianco of Bianco Research has poured cold water on the success of Bitcoin exchange-traded funds, arguing that the massive concentration of the largest cryptocurrency in traditional finance is not “something to be celebrated.” In fact, according to Bianco, this should be treated as a major red flag. According to the analyst, the price of Bitcoin […]

In a recent update on X, financial educator and “Rich Dad, Poor Dad” author Robert Kiyosaki delivered a serious warning regarding the U.S. banking sector. According to Kiyosaki, a serious crash in the banking industry has already begun, marked by the recent closure of an Oklahoma bank. He cautions that both bonds and the commercial real […]

The Bitcoin mining industry is facing some tough times, with the average cost to produce a BTC reaching $96,100 for publicly traded miners when including non-cash costs such as depreciation and stock-based compensation, according to a report by CoinShares analyst James Butterfill. As the data shows, average cash costs rose to $49,500 per BTC in Q2, 2024, […]

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XRP, the Ripple-affiliated token, is currently trading in the green after recording a bullish pattern.   According to the 100eyes Crypto Scanner, a service that provides alerts based on technical analysis, the seventh-largest cryptocurrency by market capitalization recently recorded a bullish divergence. This means that the relative strength index (RSI) made a higher low despite the […]