Tag: Bitcoin

Only Bitwise Bitcoin ETF recorded net inflows for the trading day ending May 8, 2024. According to data from SoSo Value, the ETF had a net inflow of about $12 million into its portfolio.  Notably, Grayscale’s Bitcoin Trust defied its trend of consistent outflows since the introduction of spot Bitcoin ...

Will Clemente, co-founder of Reflexivity Research, has predicted that Bitcoin's price may be preparing for an upward trajectory. In a social media post published on May 7, Clemente suggested that Bitcoin is currently in a consolidation phase before potentially experiencing another "leg up." Clemente cited two key trading indicators—the funding ...

Bitcoin's price rebounded above $64,000 on May 7, recovering from a daily low of $62,864 on Bitstamp. Despite trading within a range since May 3, BTC/USD experienced significant volatility, leading to position liquidations on both sides of the order book. Data from TradingView indicated a strong bid liquidity around $63,500 ...

Marathon Digital (MARA) shares surged by almost 18% to $20.67 on Monday, May 6, as reported by Google Finance.  The stock price has risen by 25.2% since the Bitcoin halving on April 20, when miner block rewards were reduced from 6.25 BTC to 3.125 BTC, valued at $198,000 at current ...

Bitcoin's 200-day moving average has surged to a record high of $50,178, signalling a bullish long-term outlook, as reported by BuyBitcoinWorldwide on May 6. This milestone comes amid Bitcoin's recovery from a post-halving price dip, which saw it drop to as low as $56,800 after the network's block rewards were ...

Bitcoin's price surged above $65,000 on May 6, hitting $63,712, with analysts suggesting that the post-halving "danger zone" might be behind us and more gains could be on the horizon. The "danger zone" refers to a three-week period after the halving, historically linked to price volatility below a particular range. ...

The Bitcoin network has reached a significant milestone by processing its one billionth transaction since its inception 15 years ago. According to Clark Moody's Bitcoin dashboard, the one billionth transaction was recorded in block 842,241 at 9:34 pm UTC on May 5, 2024.  This achievement highlights the network's enduring popularity ...

Jameson Lopp, co-founder of Bitcoin custody firm Casa, has advocated for a partial reset of Bitcoin's testnet, TBTC, due to persistent "block storms" and misuse by some projects.  In an essay published on May 4, Lopp wrote that the testnet, which operates with slightly different consensus rules than the mainnet, ...

Bitcoin Mining company Marathon Digital Holdings has released its unaudited Bitcoin production and mining operation updates for April 2024, revealing a 15% month-over-month surge in its average operational hashrate. During this period, it reached a hashrate of 21.1 exahash per second (EH/s).  This company attributed this increase to successfully energizing ...

Former BitMEX CEO Arthur Hayes is optimistic about Bitcoin's future, suggesting it has reached a local bottom and will gradually rise over the next few months. In a blog post on May 3, Hayes commented on the recent market downturn, stating that the price action aligned with his expectations. According ...