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Following the hype around the asset, recent data has shown that Bitcoin addresses with more than $1,000 worth of BTC have reached an all-time high of 8 million. Indeed, Glassnode reported a record high of Bitcoin addresses that hold around 0.028 BTC at its currency price of $35,115. Additionally, Blockware predicts that the figure could continue to grow shortly. Specifically, as Bitcoin continues to grow, there is a bullish sentiment permeating around predictions. Moreover, many predict the arrival of a Spot Bitcoin ETF in the coming months. Source: Bitcoinist Also Read: MicroStrategy Buys 155 More Bitcoin in October Bitcoin $1,000 Wallets Hits Record With Room to Grow Bitcoin has long been the most prominent cryptocurrency within the industry, but even this year feels like a step forward. Amid talk of asset management firms like BlackRock and Fidelity seeking Spot Bitcoin ETFs, the asset has renewed excitement surrounding its price. Subsequently, that excitement has equat...

Crypto-based firms like Coinbase and MicroStrategy experience notable upticks on the stock market and Bitcoin rallies. Companies with significant cryptocurrency holdings or operations are experiencing a positive market response as Bitcoin rallies over the $35,000 mark on Oct. 24th.  Crypto exchange Coinbase Global Inc. and corporate Bitcoin investor MicroStrategy Inc. saw their stock prices swell by 14 percent and 12 percent, correspondingly, as the market commenced. Similarly, cryptocurrency mining companies Marathon Digital Holdings Inc. and Riot Platforms Inc. also reported over 13 percent in gains during the early hours of trading. Crypto mining infrastructure provider Bit Digital also experienced a 4 percent increase on the stock market today, as Robinhood shares also experienced a notable 2 percent increase. The Bitcoin Fear and Greed Index has also shifted to green, which was mostly in the ‘fear’ zone throughout last month.  This upward trajectory in both...

Coinbase has denounced rumors of it imposing Bitcoin withdrawal limits circulating on social media as inaccurate. Crypto exchange Coinbase has refuted rumors it had imposed a $5,000 per week limit on Bitcoin (BTC) withdrawals after a user's post claiming as such gained traction on social media.  An Oct. 24 post from a user on X (formerly Twitter) claimed that he’d been hit with a purported policy that restricted his withdrawals of Bitcoin from Coinbase to a maximum threshold of $5,000 a week. The post gained over 250,000 views, with more than 420 retweets and nearly 2,000 likes. The post also gained attention of crypto researcher Chris Blec, who asked if anyone could verify the claim being made. . @Coinbase is limit ing bitcoin withdraw ls. I just tried to send BTC from Coinbase to my cold wallet, and encountered a NEW $5k/wk withdraw l limit policy (implemented 10/13). I've been a Coinbase customer for 10 years. GET YOUR BITCOIN OFF EXCHANGES!!!! — Colin Brown (@thecolin...

The global crypto market has suffered a strong bearish momentum since early 2022. However, Bitcoin’s (BTC) surge above $30,000 has triggered a market -wide rally for most altcoins. According to the data provided by CoinMarketCap (CMC), the global crypto market capitalization hiked by 2.05% in the past 24 hours, reaching roughly $1.16 trillion. Per the data aggregator, the market ’s 24-hour trading volume surged 21%, surpassing the $47 billion mark. As the market rallies, Bitcoin’s price witnessed a 2% surge and is trading at $30,730 at the time of writing. BTC’s market dominance hiked to 51.5%. This suggests that the flagship cryptocurrency, Bitcoin, could’ve driven the recent rally. BTC price on Oct. 23 | Source: Trading View Moreover, the “fear and greed” index has also surpassed the 55-point mark, reaching a three-month high despite the negative impact of the Israel-Hamas war. You might also like: FBI charges 6 for running $30m crypto ring Crypto investor and...

Coinbase crypto exchange has been removing dozens of trading pairs in an effort to improve liquidity on its platforms. The United States-based cryptocurrency exchange Coinbase is removing dozens of trading pairs in order to improve liquidity on its platform. Coinbase has suspended 80 non-USD trading pairs including the pairs with cryptocurrencies like Bitcoin (BTC), stablecoins like Tether (USDT) and fiat currencies like the euro. Announcing the news on Oct. 16, Coinbase said that the trading pairs’ removals aim to improve “overall market health and consolidate liquidity.” The trading pairs were removed from the Coinbase exchange and other platforms like Advanced Trade and Coinbase Prime at 19:30 UTC on Oct. 16. 80 non-USD trading pairs that were removed from Coinbase on Oct. 16. Source: Coinbase Status The latest trading pairs’ removals on Coinbase come in line with the exchange’s plans to suspend the markets announced in early October. Coinbase emphasized that users of the affected ...

CryptosRUs, a popular cryptocurrency YouTuber with over 666,000 subscribers, believes several technical and fundamental indicators suggest the bottom is near for Bitcoin. In a livestream video on Oct. 11, CryptosRUs analyzed the latest crypto market trends and pointed out signs that Bitcoin is oversold and due for a rally. One of the key indicators CryptosRUs highlighted is the Relative Strength Index (RSI), a technical analysis tool that measures whether an asset is overbought or oversold. The RSI for Bitcoin recently hit low levels, indicating the cryptocurrency is oversold. “This is one of the most basic indicators out there for charts. RSI measures whether or not Bitcoin is oversold or overbought. […] We’re oversold.” CryptosRUs, YouTube analyst CryptosRUs pointed out that the RSI is signaling similar conditions now as during previous Bitcoin bottom formations. You might also like: Bitcoin price drops below $27k despite high social volume ...

Jim Cramer, a prominent TV financial commentator, recently discussed potential investment opportunities, including his views on Bitcoin and the broader financial landscape. Jim Cramer, a notable TV personality and financial advisor known for his lively discussions on CNBC’s “Squawk on the Street,” recently shared his reservations about potential investment opportunities. On a recent show, Cramer expressed skepticism about gold and shifted his focus to the ever-popular cryptocurrency, Bitcoin (BTC). Jim Cramer thinks #Bitcoin is about to crash! Is this another buy signal?pic.twitter.com/FvsToPdcvm — Crypto Rover (@rovercrc) October 10, 2023 Cramer remarked, “I can’t be in something where Mr. Bitcoin is about to go down big,” sparking debate and speculation among viewers. While his usage of the term “Mr. Bitcoin” remains ambiguous, some suggest that it might be a nod to the ongoing criminal trial of Sam Bankman-Fried in New York....

The potential for a Bitcoin Exchange-Trust Fund ( ETF ) getting the green light this year took a hit with revelations that the U.S. Securities and Exchange Commission ( SEC ) might abstain from such endorsements. In a recent post, Bloomberg’s seasoned analyst, James Seffyat, shed light on this. He emphasized that recent SEC activities hint at no forthcoming ETF approvals 2023. Particularly concerning to observers was the SEC’s decision to bypass pending second deadlines and postpone the ARK 21Shares ETF filing. This move, Seffyat speculates, signals the likelihood of the SEC stalling all forthcoming filings. Major ETF filings from BlackRock, Bitwise, VanEck, Invesco, Wisdomtree, Fidelity, and Valkyrie are slated for October deliberation. Pondering the reasoning behind the SEC ’s early delay, Seffyat posits two possibilities. The impending U.S. Federal Government shutdown might prompt the SEC to clear its slate. With an anticipated furlough affecting 90% of the SE...

Bitmain, a crypto mining rig manufacturer, is investing $53.9 million in Texas-based Bitcoin mining company Core Scientific as part of an ongoing supply contract. The deal comprises cash and equity for acquiring 27,000 Bitcoin mining servers. Bitmain will supply Core Scientific with these servers. Core Scientific will pay $23.1 million in cash and issue $53.9 million worth of its common stock to Bitmain in exchange. Core Scientific, which filed for Chapter 11 bankruptcy in December 2022, anticipates a court to establish its share price during its financial restructuring. The company anticipates approval of the plan in the last quarter of the year. Bitmain has also inked a new hosting agreement with Core Scientific. Bitmain’s CEO, Max Hua, commended Core Scientific for their professionalism, integrity, and dedication to the success of their hosting customers and the growth of the Bitcoin Network. You might also like: US Senator says Bitcoin mining could boost energy gri...

China's capital outflows reached $49 billion in August, its highest in nearly eight years. Analysts are debating whether it could be a boon for Bitcoin and crypto. Bitcoin (BTC) could see “substantial inflows” from China within the next few months, amid a weakening Chinese yuan and one of the country’s biggest capital flight s in years .  “The familiarity of Bitcoin by Chinese investors in times of a weakening domestic economy could see substantial inflows into Bitcoin over the next few months,” said Markus Thielen, head of research and strategy at Matrixport. Latest official data — compiled by Bloomberg — shows China’s capital outflows hit $49 billion in August, the largest monthly capital outflow since December 2015, potentially spelling more pressure for the Chinese yuan. China just experienced a capital outflow of $49 billion last month, the largest outflow in more than 7 years pic.twitter.com/X4Or9k3Oiu — Barchart (@Barchart) September 19, 2023 “The USD/CNY exchange rate...

Crypto's liquidity crunch could allow event-based volatility to have a greater impact on prices, according to a recent analysis from Bitfinex. Capital outflows in the crypto industry reached $55 billion in August, according to a report released by crypto exchange Bitfinex.  The analysis is based on the aggregate realized value metric, which measures the realized capital of Bitcoin (BTC) and Ether (ETH) with the combined supply from the top five stablecoins Tether (USDT), USD Coin (USDC), Binance USD (BUSD), Dai (DAI), and TrueUSD (TUSD). "A deep dive into the data reveals a prevailing trend: by early August, the industry had begun to experience capital outflows," notes the report. According to this metric, about $55 billion was drained from the crypto market s over the past month. Capital outflows did not just affect Bitcoin but also impacted Ether and stablecoin liquidity . Bitfinex said: "August was the largest red monthly candle for BTC since the bear market bot...

Texas Senator Ted Cruz has voiced support for Bitcoin (BTC) mining operations in the U.S., emphasizing its potential to enhance the resiliency of energy grids during times of crisis. Cruz, a Republican, expressed his bullish stance to Fox News Radio. Texas is a hub for jobs, innovation, and freedom—making it the natural oasis for Bitcoin mining. These operations can improve our grid resiliency since they can shut off during inclement weather and free up electricity to heat or cool homes. pic.twitter.com/rpU5i3v03G — Senator Ted Cruz (@SenTedCruz) September 7, 2023 Cruz lauded the beneficial influence of Bitcoin mining on the energy industry, specifically focusing on its positive impact in the Lone Star State. But the former GOP presidential candidate’s endorsement comes at a critical time for Texas, which recently experienced its second-hottest summer on record. Texas subsequently suffered an energy crisis, exacerbated by the sector’s high electricity consumption. Rio...

The Bitcoin non-profit, Btrust, co-founded by rapper Jay-Z and Block CEO Jack Dorsey, has acquired the Bitcoin talent company, Qala. Following this acquisition, Qala, an organization that provides training for African Bitcoin and Lightning engineers, has been rebranded as the Btrust Builders Program. According to reports on Sep. 6, the deal is a synergistic acquisition to advance Bitcoin development in Africa. While Btrust has the financial resources, it didn’t have the structure to develop the African Bitcoin talent pipeline.  Today, we are thrilled to share a monumental story in our journey. We have officially become part of ₿trust @btrustteam! This has led to our rebranding as ₿trust Builders – marking a pivotal shift in our operations to focus on open-source training in Bitcoin and Lightning. pic.twitter.com/kjSkpv8Sbc — Btrust Builders (@btrust_builders) September 5, 2023 On the other side, Qala has the system in place but is lacking the resources to achieve i...

MicroStrategy plans to sell 750 million shares of stock to acquire more Bitcoin (BTC). Its current portfolio holds a total of 152,800 BTC. The company report ed its intention to acquire more BTC in an SEC filing on August 1. MicroStrategy report ed $22.2 million in net income, increasing its revenue by far compared to last year’s period, with a net loss of 1.1 billion. The company had 152,800 bitcoins by July 31, valued at 4.5 billion USD. MicroStrategy’s CEO, Michael Saylor, shared updates on Twitter regarding the company’s intention to acquire more Bitcoin. In July, @MicroStrategy acquired an additional 467 BTC for $14.4 million and now holds 152,800 BTC. Please join us at 5pm ET as we discuss our Q2 2023 financial results and answer questions about the outlook for #BusinessIntelligence and #Bitcoin. $MSTR https://t.co/SCHeBJ80TH — Michael Saylor️ (@saylor) August 1, 2023 Bitcoin performance during Q2 The second quarter of the year has been a good peri...

Wood’s enthusiasm for the two exciting aspects of technologies prove how rapidly the landscape of the crypto and Artificial Intelligence sectors are evolving. The tweet also showcases the Bitcoin Br AI nstorm Podcast by Ark Invest and Blockch AI n Park featuring Cathie Wood to discuss the building and scaling of Bitcoin .  advertisement What Is The Basis For Cathie Wood’s Sentiment? Supporting Wood’s bullish sentiment is a research paper by ARK Invest called “Investing In Artificial Intelligence.” The research paper serves as a strong indication that both Cathie Wood and Ark Invest are actively considering the implications of AI in their investment strategies. Over the years Cathie Woods has invested in a number of A.I related stocks showing her belief in the rising technology. Apart from the rising technology, Cathie Wood’s interest in Bitcoin is evident with the ARK Invest Bitcoin ETF developments. Apart from Bitcoin,...

This week’s episode of Market Talks discusses whether it will ever be “too late” to buy Bitcoin and why BTC could take over the financial world. On the latest episode of Cointelegraph’s Market Talks , host Ray Salmond spoke with Luke Broyles, a popular Bitcoin (BTC) advocate and content creator on YouTube and X (formerly Twitter). During the show, Broyles laid out his Bitcoin invest ment thesis and his unique perspectives on how the asset’s price could eventually rise into seven-figure territory. Broyles said that in 2020, he realized the bond market was broken. While searching for alternative invest ments, he discovered Bitcoin as a sound option. When asked about his Bitcoin invest ment strategy and how he stomachs the volatility, Broyles said:  “I do not own bonds. I have sold off 97% of my stocks over the past three years, and I’m selling off the last 3% this week actually, so it’s funny that you ask that. By the end of this week, the only three assets that I will own will be U.S. ...

Grayscale’s legal victory against the Securities and Exchange Commission (SEC) renews optimism for a US Bitcoin exchange-traded fund (ETF), boosting trading, investor sentiment , and overall financial market s. The crypto and wider crypto-related stock markets are relatively firm hours after Grayscale’s win against the Securities and Exchange Commission (SEC) at the District Court of Colombia. On Aug. 29, a trio of federal judges in Washington, effectively overturned the SEC’s decision to block Grayscale’s sport Bitcoin ETF rollout. With this landmark victory, the crypto community senses that the first-ever Bitcoin ETF in the US is imminent, and it has triggered cascading impacts on market sentiment and dynamics. JUST IN The D.C. Circuit ruled in favor of @Grayscale in our lawsuit challenging the SEC's decision to deny $GBTC's conversion to an ETF! Thank you to everyone who has been on this journey with us, especially our investors. We are grateful for your suppo...

A U.S. federal court recently used on-chain tech to lock criminals out of their crypto on the Jurat Network. Its founder, Mike Kanovitz, admits it could see hate from crypto purists. The founder of layer-1 blockchain Jurat has defended his protocol against potential haters, arguing that on-chain legal enforcement is a necessary trade-off for crypto mass adoption.  On Aug. 8, a U.S. District Court used Jurat’s on-chain enforcement tool to lock several sanctioned individuals out of their crypto accounts. These individuals were sanctioned for money laundering and using ransomware to extort cryptocurrency payments to benefit North Korea’s weapons program. A court just entered final judgment in a federal lawsuit and the court used @JuratNetwork to enforce its order on -chain ! The judge enjoined Russian and North Korean hackers from accessing their accounts, making $JTC the first crypto currency to comply with @USTreasury… — Mike Kanovitz (@MikeKanovitz) August 8, 2023 Speaking to C...

About $570 million in weekly BTC options expire on Friday, and the recent macro and crypto news events have further tilted the advantage to bearish traders. On Aug. 16, Bitcoin closed below $29,000 for the first time in 56 days. Analysts quickly pointed to this week’s Federal Open Market Committee minutes, which expressed concerns about inflation and the need to increase interest rates, as the likely cause. Despite the immediate reasons for the drop, the upcoming $580 million Bitcoin (BTC) options expiry on Friday favors the bears. They could potentially make a $140 million profit on Aug. 18, adding to the downward pressure on Bitcoin and complicating BTC’s search for a bottom. Federal Reserve minutes did not impact traditional markets On Aug. 16, Federal Reserve Chair Jerome Powell emphasized the 2% inflation target. This pushed the U.S. 10-year Treasury yield to its highest level since October 2007, prompting investors to shift away from riskier assets like cryptocurrencies in favo...

Whale Alert brought to light that a dormant address containing 1,005 BTC was activated recently after a period of almost 12.8 years. The coins were worth around $29.75 million when they were moved. The address paid 0.00004013 BTC [$1.18] as a fee to execute the transaction. The address was created in 2010, and these coins were mined a year after Bitcoin’s birth. The coins were valued at $328 in 2010. Commenting on the movement of the 1005 ‘virgin’ Bit coins , Blockchain Researcher Kirill Kretov posted on LinkedIn, “That is quite a remarkable awakening that we see lately, not only by the date of creation but also by the amount that has been transferred.” Such transfers are usually not welcomed by the people because they perceive that an influential holder has lost confidence and intends to liquidate holdings. Diamond hands selling the asset have triggered market sell-offs in the past. Keeping the optimistic door open, and laying out an...