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Bitcoin (BTC) News


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Kevin O'Leary Bitcoin

Investing in BTC or Tech Companies Is the Same; Kevin O’Leary

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Investor, entrepreneur, Shark Tank star Kevin O'Leary said in a tweet that Bitcoin is not just a coin or cryptocurrency; it's a software. He answered the institutions that criticize him for investing in BTC, that for him it's completely the same, to invest in BTC or to own large shares in tech...

Nayib Bukele Bitcoin El Salvador

Bukele Answered US Senators’ Remarks on El Salvador’s BTC Policy

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The president of El Salvador, Nayib Bukele, responded to the US Senators, who published a paper analyzing the country’s Bitcoin adoption. He said that the US congresspeople don't have any right over an independent country. Via a tweet, Bukele said that they should stay away from the country's...

Bitcoin hashrate

Bitcoin hashrate increased by 45% in six months

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The activity of bitcoin-miners is intensifying even against the backdrop of the retreat of the cryptocurrency. While BTC is getting cheaper, the network hash rate continues to grow. According to Blockchain.com, computing power set a new record this week, reaching 211.9 exahash per second (EH/s)....

Patrick Gelsinger

Intel CEO: Bitcoin threatens the environment

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Many experts periodically accuse bitcoin of causing great environmental harm. Now Intel CEO Patrick Gelsinger has joined the critics of BTC mining. One transaction record on the blockchain consumes the amount of electricity needed to power your home during the day, the company's CEO said in an...

Bitcoin

Bitcoin retreats again amid call for crypto regulation

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In several countries this week, they started talking about the need to strengthen control over the cryptosphere. As a result, pressure on the industry began to intensify again, which led to an outflow of capital from digital currencies. The day before, bitcoin tried to approach $45,000. On the...

Novogratz

Mike Novogratz thinks gold and Bitcoin are safe assets

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Galaxy Digital CEO Mike Novogratz has repeatedly stated that in terms of capitalization, Bitcoin will be able to bypass gold in the medium term. However, this week on Twitter, he unexpectedly called for an end to discussions about what is more important than precious metal or cryptocurrency. In his...

Ethereum

Share of profitable ETH addresses exceeds total number of BTC holders

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Ethereum (ETH) on the night of February 17 is trading at $3,000, however, against the backdrop of a market correction, the altcoin may fall below this psychological mark again shortly. Nevertheless, the accumulation of ETH continues. The number of addresses with a non-zero balance set a new record...

Coinsfera

Is It a Correct Way to Invest in Bitcoin in 2022 Using Companies? Yes

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Before investing in Bitcoin, Ethereum, or any other cryptocurrency, consider if you want to be a casual investor (which is OK!) or a serious investment. You've probably heard tales about celebrities like Elon Musk and Mark Cuban allegedly profiting off Bitcoin. You've seen advertisements for...

Bitcoin hashrate all time high

Bitcoin Hashrate Hit a New All-time High

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Hashrate of the Bitcoin network hit a new all-time high of 248.11 exahashes on February 12. Hashrate indicates the total computational power that the network of computers, miners use to produce new blocks. This way, miners secure the network. A higher hashrate means higher security....

Max Keiser Bitcoin

Max Keiser Supports El Salvador's Initiative of BTC Bonds

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Former US stockbroker, broadcaster, filmmaker, crypto investor, and the host of the program Keiser Report, Max Keiser supports El Salvador's Bitcoin policy. In an interview with Diario El Salvador, he said that El Salvador's making Bitcoin a legal tender offers a hopeful outlook for all economic...

Bitcoin

Bitcoin did not have enough support to hold positions above $45K

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The Bitcoin (BTC) rate jumped above $45,000 the day before, but then the pressure intensified, and the coin resumed its retreat. On Friday, February 11, the largest digital currency is trading at $43,486. Thanks to yesterday's breakthrough in the bitcoin network, the share of profitable addresses...

Bank of America

Bank Of America refuses to recognize bitcoin as a safe-haven asset

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Many analysts view bitcoin as a hedging tool. In their opinion, cryptocurrency is digital gold that protects capital from inflation. However, Bank Of America analysts believe that BTC should be classified as a risky asset class and should not be called a hedging instrument. The report of the bank...

BTC mining

Miners staged a sale of bitcoins in early February

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According to Glassnode, the fall of the market in 2022 was provoked, among other things, by bitcoin miners. They dumped part of the mined cryptocurrency, which led to a rollback of BTC below $33,000 last month. However, sales started only at the very end of January and continued into the first days...

Bitcoin whales

Whales have purchased 220K BTCs since the end of December

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The pressure is intensifying, and Bitcoin is in danger of falling below this psychological mark again. Over the week, the capitalization of the leading digital currency increased by 17.5% to $836.867 billion. The Santiment team drew attention to the increased activity of the largest whales holding...

Fitch ratings bitcoin El Salvador

Fitch Ratings Downgraded El Salvador's Position

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New York-based credit rating agency Fitch lowered the long-term Foreign Currency Issuer Default Rating (IDR) of El Salvador from B- to CCC. According to Fitch, El Salvador's rating was lowered as a result of several factors, including the weakening of institutions, concentration of power in the...

Bitcoin

Analysts drew attention to decline in the exchange balance of BTC

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Many experts consider the reduction in the number of bitcoins on exchanges as a positive signal. Theoretically, the outflow of cryptocurrency from the trading floors eases the pressure on the asset from sellers. Therefore, the value of BTC should increase against the backdrop of a reduction in its...

Bitcoin

FSInsight strategist predicts Bitcoin to rise to $200K

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Bitcoin topped $43,000 the day before as the US stock market recovered. Indicators of business activity Nasdaq and S&P 500 added by the end of the session about half a percent. FSInsight strategist Sean Farrell believes that the correlation between BTC and US stock indices, which increased in...

Bitcoin

Hodlers bought up bitcoins even amid a falling market

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The fall in the value of bitcoin did not scare long-term investors, who are often called hodlers. They continued to buy cryptocurrencies and even stepped up during a deeper correction to purchase coins at comfortable prices. Recall that at the end of January, BTC fell to $33,100 amid a massive exit...