Bitcoin (BTC)’s short-term technical outlook is not looking good. The world’s first and largest cryptocurrency by market capitalization has now pulled more than 13% lower versus the yearly highs it printed back in April to the north of the $31,000 level. In doing so, it has fallen convincingly to the south of its 21 and…
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Speculation swirled on Wednesday on whether the US government’s Bitcoin holdings were being sold off in the thousands. In a tweet, Steven or @Dogetoshi, research director at The Block, found transactions labeled as “Gov: DOJ Confiscated funds.” It then seemed to be a user mistake. Crypto veteran Adam Cochran echoed that and said that a…
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The latest US Consumer Price Index (CPI) inflation numbers were just released and Bitcoin (BTC), which rallied at the time to hit session highs in the $28,300s, seemed to like it. According to the latest CPI report, headline inflation fell to 4.9% YoY in April, its first sub-5.0% reading in over two years. That was…
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A rapid growth in meme coins issued on the Bitcoin blockchain has caused a surge in transaction fees and disrupted withdrawals from Binance. The growth in Bitcoin transaction fees has in recent days gone parabolic, with the average fee level hitting as high as $19 on Sunday and then $30.9 on Monday this week, after…
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Cboe Global Markets filed a proposal to list and trade shares of a spot bitcoin exchange-traded fund, marking the third time the firm has tried to get US regulatory approval. Cboe BZX Exchange, operated by Cboe, officially filed with the Securities and Exchange Commission on Tuesday to list and trade those shares of the ARK…
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The Bitcoin network is in flux amid a surge in the popularity of BRC-20 tokens, a new Bitcoin blockchain-based fungible token standard inspired by the Ethereum blockchain’s ecosystem of ERC-20 tokens. The BRC-20 standard, which was developed and deployed by a pseudonymous Twitter user by the name of Domo only just over one month ago,…
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The UK’s financial regulator, along with local police, descended upon illegally operated cryptocurrency automatic teller machines (ATMs) as part of a continued crackdown. The Financial Conduct Authority inspected sites in Exeter, Nottingham and Sheffield to stop the illegal activity, the regulator said in a statement on Friday…. Read More: UK Regulator Descends Upon Illegal Crypto…
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The mean fee to conduct a transaction on the Bitcoin network just shot to its highest level in nearly two years, as per data presented by crypto on-chain analytics firm Glassnode. On Friday, the average transaction fee clocked in at 0.00032814 BTC, up more than ten-fold from a dip to 0.00003161 on the 23rd of…
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Bitcoin (BTC) continues to consolidate within familiar ranges close to $29,000 ahead of the release of key US jobs data on Friday. The data, which is expected to show that the pace of hiring and wage growth in the US remains robust, and that the unemployment rate remains close to historic lows, come on the…
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Coinbase’s former chief technology officer Balaji Srinivasan has settled his bet from March that Bitcoin would reach $1 million in just 90 days, while warning the public that he still believes hyperinflation is coming. “I just burned a million to tell you they’re printing trillions,” Srinivasan started his Twitter thread by saying, while explaining that…
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