Bitcoin News

Bitcoin bulls target prices above $58K ahead of Friday’s $820M options expiry

Bitcoin bulls target prices above $58K ahead of Friday’s $820M options expiry

Everyone is talking about a six-figure Bitcoin (BTC) price now that the digital asset has broken out of its multi-month downtrend and confirmed that a bullish trend is in play.  If Bitcoin happens to enter a parabolic move toward $110,000, that would finally match PlanB’s Stock-to-Flow model prediction. According to the pseudonymous analyst, the scarcity …

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Estonian regulator wants to revoke all crypto exchange licenses

Estonian regulator wants to revoke all crypto exchange licenses

Financial regulators in the Baltic country of Estonia want to revoke all crypto exchange licenses in an effort to start the entire regulatory regime anew. Matis Mäeker, head of the Estonian Financial Intelligence Unit (FIU), has urged the state to “turn the regulation to zero and start licensing all over again,” local state-run news agency …

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Bitcoin futures ETF will likely be delayed until 2022 says research firm CFRA

Bitcoin futures ETF will likely be delayed until 2022 says research firm CFRA

Crypto asset investors may have a longer wait for a Bitcoin futures exchange-traded product according to Todd Rosenbluth, the senior director of ETF and mutual fund research at research firm CFRA. Speaking on CNBC’s “ETF Edge” on Oct. 12, Rosenbluth stated that while a Bitcoin futures product is likely to be the first crypto ETF …

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China’s crypto ban: Buy the dip or cause for concern?

China’s crypto ban: Buy the dip or cause for concern?

Last month China’s central bank, the People’s Bank of China (PBoC), published a memo criminalizing practically all cryptocurrency activity. When the memo started circulating online, Bitcoin’s (BTC) price dropped over 6.5%. Soon after, however, industry experts suggested that the news may have been the ultimate dip-buying opportunity. China’s crackdown on crypto started years ago, to …

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Long-term Bitcoin bulls hodl strong despite five-month price high

Long-term Bitcoin bulls hodl strong despite five-month price high

On-chain analytics provider glassnode reports that long-term Bitcoin holders are refusing to sell despite the BTC markets rallying to a five-month price high. In its Oct. 11 “Week on Chain” report, Glassnode noted that “long-term holders” — BTC wallets that have not seen outflows for more than 155 days — are currently sitting on nearly …

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YouTube deletes and restores Bitcoin bull Anthony Pompliano's channel

YouTube deletes and restores Bitcoin bull Anthony Pompliano’s channel

Video sharing platform YouTube removed the 251,000-subscriber channel of Anthony ‘Pomp’ Pompliano, co-founder of Morgan Creek Digital and host of The Pomp Podcast, before later restoring it. In an Oct. 11 update on his Twitter account, Pompliano — a Bitcoin (BTC) bull known for his interviews educating skeptics and others on crypto — said he …

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BTC price passes $57.4K in a fresh surge toward February resistance

BTC price passes $57.4K in a fresh surge toward February resistance

Bitcoin (BTC) kept markets guessing into the Wall Street open on Oct. 11 after seeing rejection on hitting its highest since May. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price teases $58,000 February high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD tracking $57,000 after reaching $57,450 on Bitstamp — its best since May …

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Texas should use Bitcoin mining to capture wasted natural gas: Sen. Ted Cruz

Texas should use Bitcoin mining to capture wasted natural gas: Sen. Ted Cruz

U.S. Senator Ted Cruz believes The United States should be using natural gas to mine Bitcoin instead of flaring it. Speaking during the Oct. 8 Texas Blockchain Summit, Senator Cruz asserted that Bitcoin mining can be used to monetize energy created through oil and gas extraction rather than burning it, arguing that there is “enormous …

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Pro-crypto senator Cynthia Lummis discloses up-to-$100K BTC purchase

Pro-crypto senator Cynthia Lummis discloses up-to-$100K BTC purchase

United States Senator Cynthia Lummis, a Republican from Wyoming, has revealed that she purchased Bitcoin (BTC) worth between $50,001 and $100,000 on Aug. 16, according to documents filed on Thursday.  The disclosure was part of the Stop Trading on Congressional Knowledge, or STOCK, Act, which prohibits the use of non-public information for profit. The STOCK …

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What Bitcoin correction? BTC price holds $55K despite several bearish indicators

What Bitcoin correction? BTC price holds $55K despite several bearish indicators

Experienced analysts and media outlets including Cointelegraph recently highlighted some indicators suggesting that the Bitcoin (BTC) price rally could be overextended. Those bearish views include one from Bollinger bands creator John Bollinger, suggesting traders use a trailing stop, as signs of a “top” were building up. However, it is worth noting that Bollinger Bands and …

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How to create an environmentally-friendly coin, explained

How to create an environmentally-friendly coin, explained

With cryptocurrencies, every time a transaction takes place, it is broadcast to every computer on the network, and this interconnected system verifies the transactions. Mining inefficiency, causing the environmental costs, threatens the notion of blockchain as a long-term enterprise solution.  Thankfully, efforts are well underway towards environmentally friendly digital assets, and we are seeing rapid …

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Price analysis 10/8: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LUNA, UNI

Price analysis 10/8: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LUNA, UNI

Bitcoin’s (BTC) rally above $50,000 seems to have received a boost from institutional buyers who are looking to hedge their portfolio against increasing inflation, said JPMorgan in a note to its clients on Oct. 7. The bank’s analysts speculated that institutional investors may be preferring Bitcoin over gold as a better hedge against inflation. A …

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Bitcoin eyes big $58K resistance as new data shows hodlers acting the opposite to Q1

Bitcoin eyes big $58K resistance as new data shows hodlers acting the opposite to Q1

Bitcoin (BTC) faced stiff resistance near previous highs on Oct. 8 as a fresh push over $56,000 quickly ended. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buying the dip? $53,000 is “logical” Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it came off four-month highs of $56,150. The area near $58,000, which had …

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