In a recent price analysis, a crypto analyst has pointed out a crucial support level for Bitcoin (BTC) that could potentially determine the future price movement of the pioneer cryptocurrency. The analyst, known as DonAlt, emphasized the significance of the $63,000 support level for Bitcoin and warned of a possible price crash to $42,000 if
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Senator Cynthia Lummis from Wyoming has taken a bold step in proposing the ‘Bitcoin Act’ as a means to bolster the U.S. government’s reserves with 1 million BTC over five years. This move has been dubbed as the ‘Louisiana Purchase moment,’ signaling the significance of this decision in the digital age. By recognizing the resilience
The cryptocurrency market faced significant volatility this past week, with Bitcoin experiencing a steep drop of ten thousand dollars from Monday to Sunday morning. The dramatic fluctuation in prices can be largely attributed to factors stemming from the United States. At the beginning of the week, Bitcoin’s price surged by three thousand dollars on Monday,
Over the weekend, Bitcoin experienced a significant drop in price, falling below the $60,000 mark for the first time in weeks. This downward trend was also reflected in the altcoin market, with Ethereum dropping below $2,900 and other coins such as SOL, DOGE, and BCH seeing losses of 6-7%. Last weekend was marked by volatility
In recent news, there has been a shocking revelation linking convicted UK hacker Gurvinder Bhangu, known as Gurv, to the high-profile compromises of American actress Sydney Sweeney and ‘Breaking Bad’ actor Bob Odenkirk’s accounts. These hacks resulted in over $530,000 being stolen through Solana meme coin scams. Renowned on-chain detective ZachXBT uncovered compelling evidence pointing
Bitcoin’s recent price drop below the $64K support level has put the cryptocurrency in a critical position. The double top pattern at the $68K resistance level indicates a bearish trend, with the price now testing the 200-day moving average. The failure to hold above this level could lead to a more significant decline towards $52K.
Bitcoin (BTC) miners could potentially experience less selling pressure in the coming weeks due to a combination of factors. As reported by CryptoQuant, there has been a significant increase in the profitability of miners following the recent rally of Bitcoin to $69,000. Additionally, the hashrate of the Bitcoin network has also made a strong recovery,
The recent economic uncertainty in the US has had a significant impact on the cryptocurrency market, particularly on Bitcoin. In the past day or so, Bitcoin’s price has plummeted to $60,500, marking its lowest point in almost three weeks. This downward trend was exacerbated by the weak job report in the US, which indicated a
Toronto-based Bitcoin mining company Bitfarms has recently announced a significant milestone in its operations. By the end of July, the company’s operational hash rate had soared to 11.1 EH/s, marking an impressive 109% increase year-over-year and a 7% rise month-over-month. This achievement reflects the company’s commitment to continually enhance its mining capabilities and stay ahead
The world of cryptocurrency was shaken when Bitcoin was introduced a decade and a half ago. Since then, the identity of Satoshi Nakamoto, the creator of Bitcoin, has remained a mystery. Various theories and speculations have emerged, with different prominent figures being pointed to as the potential creator. One such theory emerged from software developer