Historic exchange withdrawal prices in profit for BTC as upward cost basis trend begins

[ad_1] Quick Take Tracking the average withdrawal prices from digital asset exchanges provides a viable method to estimate a market-wide cost basis. Exchange Average Withdrawal Price: (Source: Glassnode) A deep-dive into the cohorts’ performance reveals an interesting narrative. The most notable cohort is 2021, which had an initial realized price of approximately $47,000 back in … Read more

Elizabeth Warren’s Satoshi Nakamoto flag was likely sponsored by unknown individual

[ad_1] Unverified reports on Feb. 15 suggest that Senator Elizabeth Warren’s office has flown an American flag over the US Capitol to commemorate Bitcoin creator Satoshi Nakamoto. A certificate signed by Warren reads: “This is to certify that the accompanying flag was flown … in honor of Satoshi Nakamoto for the 15th anniversary of Bitcoin, … Read more

MicroStrategy chair Saylor says Bitcoin represents the “digital transformation of capital”

[ad_1] In a recent interview with Fox Business, MicroStrategy Executive Chairman Michael Saylor delved into the transformative potential of Bitcoin, positioning it as a pivotal force in the shift from analog to digital capital. Saylor’s insights come at a critical time when the flagship crypto is experiencing renewed interest and growth, highlighting its role in … Read more

On-Chain Data Points To Declining Retail Participation

[ad_1] The price of Bitcoin has continued to soar this week, with the premier cryptocurrency consolidating its place above the $50,000 mark. Interestingly, on-chain data shows that a particular class of investors had less to do about the recent rally, sparking conversations about their participation in the current bull cycle. Recent BTC Price Primarily Fueled … Read more

security – Will Bitcoin scaling affect the amount of hashing power required to keep the network secure?

[ad_1] This is a comment from page 199 of Mastering Bitcoin. I think its meaning is to be interpreted taking into account the two preceding sentences: Note that the target difficulty is independent of the number of transactions or the value of transactions. This means that the amount of hashing power and therefore electricity expended … Read more

Historical Pattern Signals 50% Chance Of Reaching $100K By August

[ad_1] Bitcoin (BTC), the world’s largest cryptocurrency, has surged to a 26-month high, reaching $52,000 and reigniting predictions of surpassing its previous all-time high (ATH) of $69,000.  The market has experienced a resurgence of bullish sentiments, fueled further by the recent adoption of Bitcoin spot exchange-traded funds (ETFs). These have spurred notable growth within just … Read more

Investment Firm Forced To Sell XRP Worth $2.5M: Here’s Why

[ad_1] In an unprecedented case that underscores the complex regulatory environment in the European Union, Jupiter Asset Management was compelled to divest its XRP Exchange Traded Product (ETP) investment valued at approximately $2.5 million. This decision underscores the complexities and regulatory discrepancies within the European Union concerning cryptocurrency investments. The Forced XRP ETP Sale The … Read more

XRP Price Alert: Breakout Could Confirm Today

[ad_1] The XRP price has been in a downtrend since mid-November 2023. However, the XRP bulls seem to be taking control again if the following happens. An analysis of the 1-day chart of XRP/USD reveals that a potential price breakout is imminent. As of February 15, 2024, the price indicates an uptick in bullish momentum, … Read more