The recent resurgence of Bitcoin has sparked hope among investors as the premier cryptocurrency makes its way back to its previous highs. One notable development in the market is the apparent end of Bitcoin miner capitulation. This observation is based on the Glassnode Hash Ribbon indicator, which tracks BTC’s hash rate. When the short-term moving
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President Donald J. Trump has declared his intention to transform the United States into a dominant force in the world of Bitcoin. He emphasized the significance of maintaining the US’s superiority over competitors such as China and ensuring that the government does not sell the 200,000 Bitcoin it currently holds. One of Trump’s key promises
A recent letter penned by a group of Democratic politicians addressed to the Democratic National Committee (DNC) has urged the party to shift its stance on cryptocurrency. The letter advocates for a more forward-looking approach to digital assets and blockchain technology, emphasizing the potential these innovations hold for American innovation, economic growth, and financial inclusion.
In a bold move, Senator Cynthia Lummis proposed a groundbreaking bill at the Bitcoin2024 conference, where she outlined a plan to establish a Bitcoin strategic reserve for the United States. The legislation aims to accumulate at least 1 million BTC, which would account for 5% of the total Bitcoin supply. This initiative comes on the
Marathon Digital, a prominent player in the Bitcoin mining industry, recently made waves with a massive $100 million investment in BTC. This move demonstrates the company’s unwavering faith in the long-term potential of the leading cryptocurrency, even in the face of market fluctuations. With this latest investment, Marathon Digital’s Bitcoin holdings have surged to approximately
The recent analysis by crypto analyst RLinda has shed light on the impressive strength shown by XRP, despite the decline in the prices of major cryptocurrencies like Bitcoin and Ethereum. This revelation comes as a surprise to many, considering XRP’s underperformance since the beginning of the year. RLinda points towards the improving fundamental backdrop of
Robert Kennedy Jr., an independent candidate for the US presidency, recently unveiled an ambitious financial policy plan during the industry day of the annual Bitcoin conference in Nashville, Tennessee. His plan aims to transform the United States into the world’s largest holder of Bitcoin, strategically acquiring BTC valued at $619 billion to match the current
Upon conducting a preliminary investigation, WazirX reported that there was no evidence to suggest that the machines of WazirX signers were compromised in a recent cyber attack on its multi-signature Ethereum wallet. This attack, which took place earlier this month, raised concerns within the crypto community. Initially, the exchange attributed the hack to an issue
According to a crypto analyst known as ‘Trader Tardigrade’, Bitcoin is currently forming a technical pattern called the “Cup with Handle” chart pattern. This pattern typically indicates a bullish trend, with the price movement resembling a cup followed by a handle. The analyst suggests that if Bitcoin breaks above the $68,000 level, it could potentially
Two prominent crypto companies, Coinbase and Revolut, experienced starkly different outcomes at the hands of UK authorities in recent developments. The Financial Conduct Authority (FCA) in the UK levied a hefty fine of £3.5 million on CB Payments Limited (CBPL), a subsidiary of Coinbase Group, for breaching Anti-Money Laundering regulations. The FCA highlighted that CBPL