Bitcoin

Despite the gloom of the ongoing cryptocurrency winter, coupled with failures of crypto giants like FTX, the community appears to remain bullish about crypto, according to a new survey. Crypto markets saw a massive sell-off in 2022, with the total market cap plummeting nearly 70% since Bitcoin (BTC) reached its all-time highs at $69,000 in November 2021. But this didn’t prevent investors from buying more cryptocurrency, as 41% of respondents said they purchased crypto in 2022 in an online… Source link

Bitcoin (BTC) price action may be “unsustainably high,” as one metric hits its highest levels in seven months. Data from on-chain analytics firm Glassnode confirms that on Dec. 21, Bitcoin’s network value to transaction (NVT) signal reached levels not seen since April. Bitcoin activity may not support $17,000 BTC price Created by statistician Willy Woo, NVT essentially measures the ratio between on-chain activity and the price of Bitcoin. NVT signal modifies its readings by using a 90-day… Source link

Canadian province British Columbia has paused new electricity connection requests from cryptocurrency miners for 18 months to support the province’s climate action and economic goals. See related article: Bitcoin mining difficulty drops more than 7% as cash crunch hits miners Fast facts The Government of British Columbia said it hopes the suspension will ease power restraints for the province while its main electricity distributor, BC Hydro, is given more time to establish a permanent… Source link

Bitcoin and Ether fell in Thursday morning trading in Asia, along with all other non-stablecoin top 10 cryptocurrencies. Polkadot led losses with a drop of more than 2%, with Cardano and BNB following close behind. See related article: Retail-owned Bitcoin supply reaches all-time high Fast facts Bitcoin lost 0.5% to US$16,824 in the 24 hours to 8 a.m. in Hong Kong, while Ether fell 0.3% to trade at US$1,213, according to data from CoinMarketCap. Bitcoin has lost almost 5% in the past seven… Source link

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“First Mover” covered the top stories in crypto, including Sam Bankman-Fried reportedly signing paperwork to begin the extradition process. Bernie Madoff’s former attorney, Ira Lee Sorkin, weighed in. Plus, TRON founder Justin Sun discussed the chill of crypto winter as Core Scientific, one of the largest bitcoin miners, filed for bankruptcy. And Teddy Fusaro of Bitwise Asset Management provided his crypto markets outlook heading into the new year. Source link

“First Mover” covered the top stories in crypto, including Sam Bankman-Fried reportedly signing paperwork to begin the extradition process. Bernie Madoff’s former attorney, Ira Lee Sorkin, weighed in. Plus, TRON founder Justin Sun discussed the chill of crypto winter as Core Scientific, one of the largest bitcoin miners, filed for bankruptcy. And Teddy Fusaro of Bitwise Asset Management provided his crypto markets outlook heading into the new year. Source link

Twitter has added a new crypto feature that enables Twitter users to search the price of Bitcoin (BTC) and Ether (ETH) simply by typing “Bitcoin” or “Ethereum” into the search tab.  The Elon Musk-led social media platform didn’t announce the new feature to the public. However, the Documenting Bitcoin account was one of the first to highlight the update, and shared a screenshot of the new price index feature to its 853,700 Twitter followers on Dec. 21. Twitter now shows the #bitcoin… Source link

This is an opinion editorial by Will Schoellkopf, author of “The Bitcoin Dog” and host of the Bitcoin podcast “It’s So Early!” When it comes to paywalls versus #value4value, is it really all or nothing? Author’s note: My aim is not to attack anyone personally. I will use specific people’s quotes for my examples, but my intent is to respectfully challenge ideas, not attack people. Healthy debate of ideas in good faith helps Bitcoin, so I hope they understand. In Gigi’s article,… Source link

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The recent correlation seen between stock prices and the crypto market diverged on Wednesday as cryptocurrencies fell under pressure while the major stock market indices broke higher, helping to lift the sentiment on Wall Street. As a result of the positive day for stocks, the… Source link