[ad_2][ad_1] Ripple CEO Brad Garlinghouse believes companies that convert money into Bitcoin (BTC) could be making a costly mistake as a more environmentally conscious Biden administration takes over the White House in January. Garlinghouse tweeted On Monday the incoming president will be much tougher on climate change, requiring all publicly …
Read More »3 reasons Bitcoin’s price fell sharply 6% after hitting $ 15,800
[ad_2][ad_1] The price of Bitcoin (BTC) shot up to $ 15,840 before crashing to $ 14,800. Just five hours after hitting an intraday high, the dominant cryptocurrency fell more than 6%. This massive spike in volatility was likely caused by three main factors. The three catalysts for the sharp downward …
Read More »Analysts watch Bitcoin’s multi-month build-up phase as the bears weaken
[ad_2][ad_1] Bitcoin is showing immense signals of strength today, with its rebound from yesterday’s decline to $ 14,400 which is an impressive demonstration of the bulls’ current control over the activity. This rebound has significantly strengthened its technical outlook and only further confirms what many have already suspected: the declines …
Read More »4 on-chain metrics suggest that Bitcoin’s price hike may not stop at $ 16,000
[ad_2][ad_1] After declining at $ 15,960 on November 6, the price of Bitcoin (BTC) strongly defended the $ 15,000 support level. Based on four on-chain data points, analysts believe the rally could continue beyond $ 16,000. Analysts identified lower Bitcoin trading reserves, unchanged supply, an increase in “strongest hands” and …
Read More »Most “ organic ” Bitcoins for years: Trader explains why a surge is unlikely to occur
[ad_2][ad_1] Despite Bitcoin (BTC) strong rally in November, the price is consolidating above $ 15,000 as an on-chain analyst Willy Woo says a top blow-off is unlikely to be for three main reasons. The three factors are the growing outflow of funds from exchanges, the increase in “HODLers” and data …
Read More »The feds seize stolen bitcoins worth over $ 1 billion
[ad_2][ad_1] Federal officials seized more than $ 1 billion worth of stolen bitcoins linked to the closed black market website Silk Road. According to the United States Department of Justice, Silk Road has allowed a range of criminal activities, including the sale of illegal drugs and hacking. Its founder Ross …
Read More »The United States seizes $ 1 billion worth of bitcoins linked to the Silk Road site | Technology
[ad_2][ad_1] The US government has seized more than $ 1 billion worth of bitcoins linked to the closed Silk Road darknet market and is suing for formal confiscation of the funds. The case is the largest cryptocurrency seizure in history and explains why bitcoin changed hands this week. Analysts had …
Read More »Bitcoin’s price is approaching $ 16K, but it’s Ethereum that could shine in November
[ad_2][ad_1] Bitcoin (BTC) price is approaching $ 16,000 after reaching $ 15,960 on Binance. Following the rally of the dominant cryptocurrency, analysts are now looking towards Ether (ETH). The native token of the Ethereum blockchain has seen a surge in momentum over the past week. After underperforming against BTC in …
Read More »Bitcoin’s market capitalization is more valuable than the IMF’s reserves of special drawing rights
[ad_2][ad_1] At its current price per unit, the market valuation of the decentralized cryptocurrency Bitcoin exceeded the overall value of the International Monetary Fund (IMF) Special Drawing Rights market (SDR 281 billion). Since the massive drop in the global market on March 12, bitcoin has risen more than 323% from …
Read More »The United States seizes previously undetected Silk Road bitcoins worth over $ 1 billion
[ad_2][ad_1] The US government has seized over $ 1 billion worth of bitcoin from previously undetected transactions associated with the Silk Road market and is now seeking the confiscation of the cryptocurrency. The United States confiscates $ 1 billion worth of Bitcoin from Silk Road The U.S. government filed a …
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