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The White House’s “Crypto Czar” David Sacks says he sold all of his crypto, including Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), before the start of Donald Trump’s presidency. Sacks says he also owned a $74,000 position in a Bitwise exchange-traded fund, which he sold on January 22nd, two days after Trump’s inauguration. Sacks previously…
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Physical Bitcoin may seem like a curious concept to those new to the cryptocurrency world. After all, Bitcoin is a digital asset, right? However, in 2011, Mike Caldwell introduced the idea of physical bitcoins, essentially physical representations of the digital currency. Before this, Bitcoin was strictly a digital currency since its inception in 2009. Caldwell…
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Data shows the Bitcoin trader sentiment has plunged back into the extreme fear zone as the asset’s price has erased its recent gains. Bitcoin Has Already Retraced The Crypto Reserve Hype Rally Bitcoin and the rest of the cryptocurrency market kicked off this new week on a very positive note as prices across the sector…
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Data shows the Bitcoin trader sentiment has plunged back into the extreme fear zone as the asset’s price has erased its recent gains. Bitcoin Has Already Retraced The Crypto Reserve Hype Rally Bitcoin and the rest of the cryptocurrency market kicked off this new week on a very positive note as prices across the sector…
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It’s not just Bitcoin’s price taking a hit—Bitcoin mining companies in the U.S. are suffering too. The aggregate market capitalization of 14 top U.S. public miners shed 22%—$6 billion—in February alone, analysts at JP Morgan wrote in their latest crypto report. The companies the top investment bank tracks include Core Scientific, Greenidge, and MARA Holdings,…
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El Salvador President Nayib Bukele said his government won’t stop buying Bitcoin despite a new request from the International Monetary Fund to stop. The IMF issued a new request on March 3 for an extended arrangement under its $1.4 billion fund facility to El Salvador, which called on the country’s public sector to stop voluntarily…
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Widely followed quant analyst PlanB says Bitcoin’s (BTC) latest correction is now raising questions as to whether its bull cycle is on the verge of ending. In a new strategy session, PlanB says that while on-chain data suggests Bitcoin remains in a bull cycle, a lack of new all-time highs since January may indicate a…
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Tens of millions of dollars worth Bitcoin left untouched in wallets since 2011—when the asset was trading for around $1—has been moved after 14 years. Six ancient BTC addresses holding a total of 250 BTC, nearly $22 million worth at today’s price, moved the assets to new locations Monday after sitting untouched for all those…
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In the months between Donald Trump’s election and his inauguration, cryptocurrency prices soared on speculation that the president would appoint crypto-friendly regulators and set up a “strategic bitcoin reserve.” Trump has delivered on the regulatory front: The Securities and Exchange Commission has a new pro-crypto commissioner and has dropped or paused lawsuits against crypto exchanges.…
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While Bitcoin‘s recent upward movements were quite remarkable after struggling with bearish pressure for weeks, the flagship asset’s uptrend was short-lived, leading to a pullback to the $85,200 threshold. During the fluctuating performance, investors seem to have lost interest in BTC as there was no sign of accumulation. Accumulation Trend Score At Low Levels In…