Bitcoin

Getty Images A computer scientist who claims to… Source link

The wider cryptocurrency ecosystem is in a heightened state of fear on Dec. 6 after the Dec. 3 market sell-off continues to send ripples across the the sector and Bitcoin (BTC) price remains pinned below $50,000.  Data from Cointelegraph Markets Pro and TradingView shows that bulls are managing to hold BTC price above $49,000 but the general outlook suggests that additional days of consolidation are in store. BTC/USDT 4-hour chart. Source: TradingView Here’s a look at what analysts are… Source link

Representation of cryptocurrency bitcoin is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to reuters.com Register HONG KONG, Dec 6 – Bitcoin tumbled almost 5% on Monday as the start of the week offered little respite to the world’s largest cryptocurrency after a bruising weekend where at one point it lost over a fifth of its value. The rout sent bitcoin’s price and the amount invested in bitcoin futures back to where… Source link

Bitcoin (BTC) whales may be planning to sell at short notice as BTC price action struggles around $47,000. In its daily QuickTake market updates on Dec. 5, on-chain analytics firm CryptoQuant warned that large volume movements on exchanges were increasing again. Data points to whales increasingly eager to sell Highlighting its exchange whale ratio metric, CryptoQuant deduced that major Bitcoin investors were taking no chances when it comes to short-term price action. Exchange whale ratio… Source link

In other words, stablecoins like tether with values pegged 1:1 to the U.S. dollar are now used to fund alternative cryptocurrency (altcoin) purchases. That’s a change compared with pre-2020, when bitcoin served as a gateway to altcoins. So, the unwinding of long altcoin trades now puts a bid under stablecoins. Previously, it would bring demand for bitcoin, helping the cryptocurrency outperform other coins. Source link

Earlier this year, as the value of each bitcoin passed thirty-five thousand dollars, and Howells’s holdings exceeded two hundred and eighty million dollars, he made a public offer to give Newport a twenty-five-per-cent cut of the proceeds, which could be earmarked for a COVID-19 relief fund. The city did not accept his offer. “The attitude of the council does not compute, it just does not make sense,” Howells complained to the Guardian. Across the Internet, commenters generally did not… Source link

Jack Dorsey is resigning from Twitter to spend more time with his other company, Square. In some ways, the choice between Twitter and Square is a straight choice between political clout and profit. Square, a payments platform co-founded by Dorsey in 2009, is worth almost three times Twitter’s current value at about $97bn (£73bn). But Square will never be credited with the equivalent of the “Twitter revolution”, or make headlines by banning a former president. Venture capital is pouring… Source link

Bitcoin (BTC) starts a new week with traders still digesting the impact of the last — a major price drop that at one point saw $41,900. A modest recovery is now competing with some formidable resistance, first of which is $50,000. As a sense of déjà vu pervades markets, analysts are coming to terms with the fact that the end of Q4 2021 will likely not produce the blow-off top that they had anticipated. There is also concern that another, deeper, BTC price floor may have to enter before a… Source link

“Hodl” no more? The grim weekend cryptocurrency drubbing that dragged Bitcoin (BTC) under $50,000 and ravaged other digital coins has decisively tempered the bullishness of investors — some of whom were predicting a run at $100,000 just weeks ago. Fueled by uncertainty over the Federal Reserve inching toward tighter monetary policy in the face of surging inflation, and global fears over the new Omicron variant of COVID-19, the dramatic crash was super-charged by liquidations in the crypto… Source link

Bitcoin’s hashrate has increased a great deal, even after the leading crypto asset’s price slipped below the $50K price zone. Eight days ago the network hashrate was coasting along at 168 exahash per second (EH/s), and this past week it increased 7.73% to today’s 181 EH/s. Bitcoin’s Hashrate Climbs Higher Following Difficulty Decrease Following the price drop under the $50K zone, Bitcoin’s (BTC) hashrate remains strong and has increased more than 7% higher during the last… Source link