Bitcoin

Bitcoin (BTC) staged a welcome comeback after the Sept. 28 Wall Street open as bulls faced off with whale-sized sellers. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Whales lie in wait at $20,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining over $1,000 on the day to see highs of $19,656 on Bitstamp. The move characteristically copied an uptick for United States equities, with the S&P 500 and Nasdaq Composite Index up 1.5% and 2.2%, respectively. Now,… Source link

South Korean authorities are seeking the arrest of Do Kwon, co-founder and chief executive officer of Terraform Labs. His company is behind the now-collapsed terraUSD and luna cryptocurrencies. South Korean prosecutors are now seeking to freeze bitcoin linked to Kwon. Woohae Cho | Bloomberg | Getty Images South Korean authorities sought Kwon’s arrest this month and claimed he is on the run. The prosecutors said that Interpol, the global policing organization, has issued a “Red Notice” for… Source link

“Flows into digital asset investment products remained tepid last week ($8.3 million), but with some notable regional differences,” Ilan Solot, a partner at Tagus Multi-Strategy Fund, said in a daily market update. “North America saw $9.4 million of OUTflows, while Europe saw $15 million of INflows. Could this be the first clue to the recent resilience in crypto markets? Too soon to say.” Source link

“Flows into digital asset investment products remained tepid last week ($8.3 million), but with some notable regional differences,” Ilan Solot, a partner at Tagus Multi-Strategy Fund, said in a daily market update. “North America saw $9.4 million of OUTflows, while Europe saw $15 million of INflows. Could this be the first clue to the recent resilience in crypto markets? Too soon to say.” Source link

New home sales in the U.S. jumped by 29% in August, reaching a five- month high of 685,000, and exceeding the consensus estimate of 500,000. Home prices, however, rose by 13.9%, down from 16% the prior month, and the lowest increase since February 2021. Source link

Markets briefly flashed green on Sept. 27 as equities markets bounced back from Sept. 26’s pullback, bringing the Bitcoin (BTC) price back to the long-term descending trendline resistance, which currently resides at $20,100.  Unfortunately for bulls, the positive momentum for stocks and cryptocurrencies rapidly eroded and Bitcoin price gave up a majority of the intraday gains as it slipped back below $19,000. As has been the case since March 25, BTC price has been unable to kick above the… Source link

LONDON — Bitcoin is struggling to go green, with the cryptocurrency making only slim gains in its usage of sustainable energy in the year to January, research by Cambridge university showed on Tuesday. Processing bitcoin transactions and “mining” new tokens is done by powerful computers, hooked up to a global network, that compete against others to solve complex mathematical puzzles. The process guzzles electricity, with its heavy reliance on polluting fossil fuels such as coal drawing… Source link

Disclaimer: The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users. Estimates do not guarantee end-of-month prices. Bitcoin (BTC) reached its highest level in more than a week on Tuesday, September 27, when it surpassed $20,000. Despite this, the cryptocurrency still has trouble breaking out of its narrow trading range. As a result, several traders and investors are now focusing on the crypto’s next target price by October 31, given the… Source link

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Bitcoin (BTC) is seeing some of its oldest coins come back to life after a decade lying dormant. The latest on-chain data reveals that two-year BTC price lows have reawakened the most ancient part of the supply. “Very old” Bitcoin come back to life As BTC/USD returns to levels not seen since Q4 2020, questions are arising over how long-term holders will respond. The on-chain picture is mixed — the dormant supply is aging, but certain old hands are showing signs of wanting to sell at current… Source link