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Bitcoin (BTC) News


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Bitcoin

Bitcoin transaction fees plummet by over 50%

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Since January 2021, transaction processing fees on the Bitcoin network have descended by about 57%. According to the YCharts service, in 11 months, the average collection fell from $4.4 to $1.8. Analysts are looking at several factors driving the drop in network fees. One of them is the growing...

MicroStrategy Purchases Bitcoin

MicroStrategy Bought 7002 Bitcoins

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Software company MicroStrategy announced acquiring 7.002 Bitcoins worth around $414 M on November 29. The average price of the coin was $59,187, including fees and expenses. Currently, the company holds about 121,044 BTC purchased for nearly $3.57 billion at an average price of $29.534 per coin....

Fintonia

Singapore-regulated company launches two Bitcoin funds

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Singapore-based MAS-regulated finance company Fintonia Group has launched two institutional-grade bitcoin funds. Fintonia Bitcoin Physical Fund and Fintonia Secured Yield Fund are for professional investors looking for opportunities to interact with a new asset class. The Bitcoin Physical Fund buys...

El Salvador purchases more Bitcoins

El Salvador Adds 100 More Bitcoins Amid the Market Fall

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While prices of cryptocurrencies saw a decline yesterday, investors are considering buying more crypto with discount. On Nov. 16, the president of El Salvador, Nayib Bukele informed followers that the country purchased 100 extra Bitcoins. The previous purchase was on October 28, when El Salvador...

Bitcoin cryptocurrencies fall

Bitcoin Price Hits a 6-Week Low

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BTC price trades at its lowest price since mid-October. In the last 24 hours, the coin dropped by around 6%, falling below $55.000. Ether trades at about $4.000. Other cryptocurrencies such as Cardano (ADA), Solana (SOL), XRP, Polkadot (DOT), Avalanche (AVAX) also saw major value declines. The...

Bitcoin

Whales control over 90% of the exchange balance of bitcoin

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Turbulence returns to the crypto market after each spike in the activity of large bitcoin addresses or so-called whales. According to Santiment, wallets holding between 100 and 10,000 BTC triggered an escalation in volatility last week. Recall that the price of bitcoin on some trading floors fell...

BTC

Long-term BTC storage trend continues to dominate

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Bitcoin (BTC) has been falling in price since the end of last week, but crypto fans still refuse to sell it. According to the Glassnode platform, the number of wallets with a non-zero BTC balance in the second half of November reached an all-time high of 38.76 million. Researchers recall that the...

Cathie Wood

ARK Invest CEO iterates inevitability of a bullish scenario for BTC

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Over the next five years, we will see the price of bitcoin (BTC) jump above $ 500,000. This forecast was announced by the CEO of ARK Invest fund Cathie Wood. Moreover, it is not the first time that it has declared that the leading cryptocurrency is aimed at growth in the long term. Even in moments...

BTC

Bitcoin continues to retreat amid weak trader activity

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Bitcoin (BTC) kicks off the new week with a deeper dive than many analysts previously expected. They predicted that the cryptocurrency would be able to stay in the $ 60,000 area, but now it is safe to say that this psychological mark has transformed into a zone of strong resistance. Before the...

Bitcoin Avalanche The Sandbox

BTC Falls Below $56.000, While AVAX and SAND Hit New ATHs

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This week, the Bitcoin price saw a decrease, setting a three-week law of nearly $55.700. Ethereum and most cryptocurrencies also faced decline. Currently, Ether trades at around $4.000, down by around 14% in the last seven days. A major reason for the market sell-off is new crypto regulatory rules...

El-Erian

Allianz economist of making money on BTC and reasons for selling it

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Allianz Asset Manager's Chief Economist Mohamed El-Erian was able to make money on Bitcoin after the 2018 crypto winter but sold the coins too early. According to the economist, he acquired a certain amount of bitcoins during the 2018 crypto winter, when the price of the coin dropped to almost $...

BTC

Marathon raises $500M to buy Bitcoin and ASIC devices

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Marathon Digital Holdings, a mining company, listed on the Nasdaq, will place convertible bonds with a par value of $ 500 million. The received funding will go towards the purchase of bitcoin and equipment for its production. Debt instruments maturing on December 1, 2026, will be offered to...

Bitcoin Ethereum crypto prices

Crypto Prices Fall, Market Cap Drops at $2.5 Trillion

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In the last 24 hours, the total crypto market cap went down by around 10%. At the moment, the indicator stands at about $2.5 trillion. Bitcoin went down by about 7%, hitting $60.500, and Ether declined by 8%, hitting $4.300. The picture is almost the same for Binance Coin (BNB), Solana (SOL),...

Mining

Bitcoin mining difficulty increased by 4.69%

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As a result of another recalculation, the difficulty of mining BTC progressed by 4.69% - up to 22.67 trillion hashes. The indicator has risen for the ninth consecutive period after falling due to the mining ban in China. The difficulty reached its maximum level in mid-May - 25.05 T. The actions of...

Bitcoin Taproot upgrade

Bitcoin's Taproot Upgrade Went Live

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The much-awaited upgrade of the Bitcoin network, Taproot went live on Nov. 14. It's meant to improve the protocol's privacy and security. Taproot is the first major update of the BTC code till 2017, when the Segregated Witness (SegWit) was introduced, separating transaction signatures and boosting...

Griffin

Citadel CEO points out the benefits of Ether over Bitcoin

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Ken Griffin, founder and CEO of Citadel hedge fund, sees Ether (ETH) as a more promising digital asset than Bitcoin (BTC). It is based on a network that acts as a platform for many projects and services. In the future, ETH will become the leading payment instrument, the businessman said in an...

AMC Theatres crypto

AMC Entertainment Now Accepts BTC, Ether, BCH, and LTC

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CEO of leading movie theater company AMC Theatres, Adam Aron said that users now can pay online for tickets and snacks in Bitcoin, Ether, Litecoin, and Bitcoin Cash. Big newsflash! As promised, many new ways NOW to pay online at AMC. We proudly now accept: drumroll, please… Bitcoin, Ethereum,...

Whales

Whales bought another 92,000 bitcoins in a month

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Large bitcoin holders often referred to as whales, staged a cryptocurrency sale at several trading floors in early November. However, they were never able to provoke a deep fall in the value of BTC. According to the Santiment team, sales in early November were marginal, so they failed to break the...