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Bitcoin (BTC) News


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Nayib Bukele Bitcoin predictions

Nayib Bukele Expects 2 More Countries to Legalize BTC in 2022

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El Salvador’s president Nayib Bukele shared his Bitcoin expectations for 2022. He assumes that this year the BTC price will hit $100.000. Bukele finds two other countries will legalize the coin, although he didn't specify what counties in his opinion they can be. The next BTC prediction from the...

Bitcoin BTC hashrate

Bitcoin Hashrate Set a New All-Time High

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The hashrate of the BTC network set a new all-time high of 209 exahashes per second on January 1. This number indicates the computational power that is used for minting new coins. In June 2021, the BTC hashrate saw a major fall, dropping as low as 61 EH/s. The main reason for the decline was the...

Glassnode Bitcoin crypto

Data Show Earlier Bitcoin Buyers Prefer Not to Sell

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Data from Glassnode show early Bitcoin buyers aren't much interested in selling their coins, in spite of established price records and an all-time high in 2021. Activity movements tracker indicates that the percentage of bitcoins sold by old holders is near record lows. This means that the majority...

BTC

Bitcoin miners' reserves rise to annual high

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Currently under the control of mining pools is the largest number of bitcoins in 2021. According to the CryptoQuant company, the reserves of miners have already exceeded the maximum indicators in May. That is, over the past six months, the pools refused to sell all the received cryptocurrency and...

Bitcoin

Bitcoin exchange balance is 6.3% of the total crypto supply

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At the moment, about 1.3 million bitcoins are listed on exchanges, the CryptoRank team said in a statement. This volume of cryptocurrency accounts for 6.3% of the total BTC market supply. In October last year, the exchange balance of bitcoin was 9.5% of the supply of digital currency. Already in...

El Salvador Nayib Bukele Bitcoin

Nayib Bukele Responds to El Salvador’s Btc Policy Critiques

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The president of El Salvador is at the center of discussions for his Bitcoin policy. In September El Salvador made Bitcoin legal tender, becoming the first country to do so. Along with this, the government has been adding its BTC holdings. President Bukele's move wasn't perceived well by everyone....

mining

Miners adhere to a cumulative strategy

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Over the past two years, bitcoin miners have joined the ranks of hodlers or long-term holders of cryptocurrencies. If in 2017-2019 mining pools mainly sold coins, then the latest data from the Glassnode platform shows that their strategy has changed. Since the beginning of 2020, they have chosen to...

Cynthia Lummis Bitcoin

Senator Lummis Will Present Crypto Bill in 2022

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US senator Cynthia Lummis, who is a supporter of crypto, announced her plans to put forward a comprehensive crypto bill that will bring the industry clarification. The politician is in favor of including crypto in financial systems properly. A Bloomberg release says, the regulatory structure that...

Mike Novogratz Bitcoin volatility

Mike Novogratz Expects Bitcoin Volatility to Come Down

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During a talk program Squawk Box, Galaxy Investments CEO Mike Novogratz said that with increasing demand from institutions for Bitcoin, the volatility of the coin is likely to reduce. According to Novogratz, that is a good thing. In his opinion, BTC is a store of value and not a transactional...

Bitcoin SEC ETFs

SEC Rejects Spot Bitcoin ETFs from Valkyrie and Kryptoin

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The US SEC continues to disapprove physically-backed Bitcoin Exchange Traded Funds (ETFs). On Dec. 22, the regulator released the decisions on the requests from the exchanges NYSE Arca to trade shares of the Valkyrie BTC Fund and Cboe BZX to trade Kryptoin BTC ETF Trust. The reasons for rejections...

Bitcoin

76% of Bitcoin addresses remain in profit

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The SOPR indicator exceeded one, and it suggests that investors are selling at a profit. The day before, this indicator was below 1, that is, traders were selling bitcoins at a loss for themselves. The growth of the index today was the result of an improvement in the situation in the crypto market....

Elektra

Elektra will allow customers to make purchases using the BTC

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In Mexico, the popular retail chain Elektra has announced the introduction of a new payment method for purchases. Now all clients, without exception, will be able to make payments for purchased goods using the leading cryptocurrency - bitcoin. The purchase of goods, by the way, will be available...

Bitcoin El Salvador Nayib Bukele

El Salvador Adds 21 More Bitcoins To Its Holdings

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The president of El Salvador, Nayib Bukele made another Bitcoin acquisition on Dec. 21. Before the transactions, he tweeted that El Salvador’s total size is 21,000 km2. Bukele mentioned he doesn't think it's a coincidence. He added the Bitcoin hashtag and El Salvador's flag to the post. Bitcoin's...

Ray Dalio

Ray Dalio: Bitcoin has proven its reliability in ten years

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Over the past decade, Bitcoin has shown everyone that it has earned the status of a reliable asset, according to Ray Dalio, founder of Bridgewater Associates. According to him, no one has hacked the cryptocurrency, and it has enormous long-term potential. Capital continues to enter the crypto...

Prasad

Eswar Prasad: Bitcoin won't last forever

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Professor of the theory of foreign trade relations at Cornell University, senior researcher at the Brookings Institute Eswar Prasad, was recently invited by the popular business publication CNBC for an interview. As part of a dialogue with a media representative, the man expressed his opinion on...

BTrust Jay-Z and Jack Dorsey

Jack Dorsey Revealed Who ₿trust Board Members Are

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Block CEO Jack Dorsey revealed who the selected members of the ₿trust Board are. ₿trust is a BTC endowment. Dorsey and famous rapper Jay-Z started the program to support BTC development in India and Africa. Dorsey and Jay-Z contributed 500 Bitcoins to the initiative. The aim of ₿trust is to...

BTC

Strategic Wealth Partners president commented on Bitcoin bounce

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Bitcoin (BTC) is rebounding on Wednesday after falling below $47,000 earlier in the week. Altcoins also went on the offensive today after a prolonged correction. The most successful of the top ten digital currencies was Dogecoin (DOGE), which soared 13% to $ 0.182 in a day. This altcoin is adding...

Mining

Capitalization of mining companies falls against the backdrop of BTC

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The share price of the largest mining companies collapsed this week amid a massive pullback in Bitcoin and other digital currencies. The price of BTC fell below $ 47,000 the night before, and altcoins were also in the red. As a result, investors began to withdraw from the shares of mining companies...