Bitcoin Whales are Taking Advantage of the Ongoing Crypto Plunge

As noted by Santiment, Bitcoin whale addresses with 100+ bitcoins continue to accumulate in the 34k-38k range amid this volatility. The bitcoin crash shook the market when the digital asset plunged over 50% of its all-time high value to $33,000. Market sell-offs created a ripple effect across the financial space, impacting the crypto market heavily. Investors scrambled to get rid […]

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Pro-Crypto Lawmaker Bashes SEC For Rejecting Fidelity’s Spot Bitcoin ETF

A pro-crypto lawmaker is furious that the U.S Securities and Exchange Commission (SEC) has refused to approve a spot bitcoin exchange-traded fund (ETF) yet again. After delaying the decision on Fidelity’s application for the Wise Origin Bitcoin Trust a couple of times, the securities watchdog has finally indicated that it is denying the proposal. Rep.Tom Emmer, the four-term Republican member […]

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America’s Five Star Bank Is Now Allowing Its Clients to Buy, Sell, and Hold Bitcoin

On Tuesday, Five Star Bank, which is a subsidiary of Financial Institutions, Inc. (NASDAQ:FISI), announced a new partnership with NYDIG, through which it will “become one of the first financial institutions in the U.S. to enable its banking clients to securely buy, sell and hold bitcoin.” Five Star Bank is “a $5 billion community bank offering a wide range of consumer and commercial […]

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To The Moon: ARK Invest's New Report Envisions $1 Million Bitcoin — Ethereum’s Market Cap To Exceed $20 Trillion

Pay no attention to the latest crypto market crash. ARK Invest, the asset management firm helmed by Cathie Wood, says Bitcoin has a chance of crossing the $1 million bracket. But you’re going to have to wait for BTC to reach that marquee figure. The New York-based investment house believes the bellwether cryptocurrency will be able to achieve this milestone […]

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Was $33k Bitcoin's Bottom? On-Chain Analyst Reveals 'Classic Indicator' To Catch The Cyclic Bottom As Bullish Sentiments Linger

Key Takeaways Bitcoin has not yet reached a cyclic bottom according to Ki Young Ju, CEO of CryptoQuant. He draws his judgment from Bitcoin’s MVRV ratio, which is currently trending lower.  While the metric is bearish, bullish sentiments continue to linger in the market.   Bitcoin’s price has been in free fall in the last few days, plunging below $33,342. According […]

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Another Bitcoin Blow As 2nd Largest Crypto Mining Nation, Kazakhstan Cuts Off Mining Energy Supply Till February

Kazakhstan officially shuts down energy for Bitcoin miners till February. The oil-rich nation is struggling to keep up with energy demands as BTC hash rate drops. Kazakhstan may stall bitcoins’ slow recovery with its shut down on mining activities. Following a week-long strain on its national energy supply, Kazakhstan will pull the plug on all crypto mining activities until the […]

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MicroStrategy CEO Michael Saylor Explains Why Crypto Market Is Down

In a recent interview, Michael J. Saylor, Co-Founder, Chairman, and CEO of Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR), gave two reasons for the current downturn in the crypto market. On 11 August 2020, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at an aggregate purchase price of $250 million” to use as a “primary treasury reserve […]

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Bitcoin Mining Difficulty Hits New All-Time High

Bitcoin mining difficulty surged by 9.32 percent in the early hours of January 21, 2022, to hit a new all-time high of 26.64 trillion. Observers have attributed the increase to the resumption of mining operations in North America and other regions by Chinese miners who left China during last year’s crackdown by the government. Bitcoin Mining Difficulty Hits Fresh ATH […]

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