Bitcoin

Human rights defenders from 20 countries have insisted that bitcoin “provides financial inclusion and empowerment because it is open and permissionless.” Together with stablecoins, the cryptocurrency offers “unparalleled access to the global economy” for people from countries whose currencies have either collapsed or are cut off from the rest of the world. Bitcoin as a Financial Inclusion and Empowerment Tool About 21 human rights advocates from 20 different countries have… Source link

Bitcoin (BTC) hash rate, a network security measure based on computing power for mining, achieved a new all-time high (ATH) of 231.428 ExaHash per second (EH/s) amid an ongoing bear market that witnesses BTC price plunging below the critical $25,000 mark. Hash rate is directly proportional to the computing power of mining equipment for confirming transactions, which deters bad actors from manipulating on-chain transactions. Complimenting the new hash rate ATH, the Bitcoin network difficulty… Source link

Bitcoin (BTC) begins a new week with a totally different feel to last as BTC/USD seals its lowest weekly close since December 2020. A night of losses into June 13 means that the largest cryptocurrency is now edging closer to beating its ten-month lows from May. The weakness has left few guessing: shock inflation data from the United States last week sparked a chain reaction across risk assets and low weekend liquidity appeared to exacerbate the consequences for crypto assets. The macro pain… Source link

Investors in stocks as well as crypto are making very clear over the past month that we are in a risk-off environment. Bitcoin, Ethereum, and the other leading cryptocurrencies all fell further over the weekend, erasing mild gains made during the week prior. The global crypto market cap is down to $1.03 trillion, a 7.5% drop in just 24 hours, according to CoinMarketCap. Bitcoin is down 18% in the past seven days and has fallen below $26,000 to $25,513, its lowest point of 2022 and a 12-month… Source link

“Altcoins have historically underperformed BTC during bearish phases, and currently they have the added pressure of potential regulatory roadblocks given the nature of their issuance, especially via token sales and such,” Joe DiPasquale, the CEO of crypto fund manager BitBull, wrote to CoinDesk. “Only a small number of Altcoins can realistically survive such market movements and even fewer are likely to see previous all time highs in terms of price.” Source link

The CEO of Devere Group, a financial advisory and asset management firm, has predicted a bull run and a significant bounce in the price of bitcoin during the fourth quarter of this year. Devere’s CEO Predicts a Bull Run in Q4 for Bitcoin Financial advisory and asset management firm Devere Group has predicted that the price of bitcoin will bounce significantly in the fourth quarter of this year. Nigel Green, Devere’s founder and CEO, said early last week: I believe that we’ll… Source link

As the price of Bitcoin [BTC] begins to touch its January 2021 lows, the majority of the market is motivated by fear. Players in the market have now commenced massive distribution of the coin to salvage their investments. However, many who believe in the intrinsic value of Bitcoin, still hold the token in anticipation of a bullish run. One of those bullish on the eventual success of the largest cryptocurrency is Jan Van Eck, the CEO of a global investment manager, VanEck. The… Source link

Crypto analyst Justin Bennett predicted a significant pullback in Bitcoin price as crypto market capitalization takes a hit.  Bennett argues Bitcoin is in the middle of a breakdown from a bearish continuation pattern.  The analyst sets a downside target of $23,500, a 15% decline from the current price level for Bitcoin.  Bitcoin price continues to bleed as crypto market capitalization declines. Analysts believe Bitcoin and altcoins could witness further pullback… Source link

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Despite ongoing price doldrums, investors continue to accumulate Bitcoin at a rapid pace to the tune of hundreds of millions of dollars worth of BTC, according to crypto analytics firm IntoTheBlock. In a new analysis, Lucas Outumuro, head of research at IntoTheBlock, notes that centralized exchanges witnessed $730 million worth of BTC net outflows in the past week, on the heels of $1 billion worth of outflows the week before. According to the analytics firm, net outflows are the… Source link