As bitcoin’s price hovers between $43,950 and $44,150, a nuanced examination of its oscillators and moving averages reveals a complex picture of its market movements. Despite a bullish run in its 24-hour trading range, oscillators signal caution.
Bitcoin
Bitcoin’s (BTC) market cap stands at $856 billion, with a substantial 24-hour trade volume of $38.39 billion. This reflects a vibrant…
Comparing Peaks: Bitcoin Hits 20-Month High, Other Cryptos Still Strive for Past Glories
December 7, 2023
As bitcoin’s value soared to heights last witnessed on April 6, 2022, a multitude of crypto assets have also reaped benefits from the surge of the premier cryptocurrency. Yet, despite a significant number of these digital currencies experiencing substantial increases…
Coinbase CEO Brian Armstrong: 'Bitcoin May Be the Key to Extending Western Civilization'
December 6, 2023
Brian Armstrong, CEO of U.S.-based crypto exchange Coinbase, stated that Bitcoin could play a role in extending Western civilization. For Armstrong, Bitcoin represents an alternative to fiat currencies like the U.S. dollar, which people can use as an alternative to…
Large Asset Managers Getting Ready to Buy BTC Ahead of Spot Bitcoin ETF Launches, Says Moody's Director
December 6, 2023
A senior director with Moody’s Analytics has highlighted the biggest driver behind the recent bitcoin price surge. “The race is heating up” to launch spot bitcoin exchange-traded funds (ETFs), he explained, emphasizing that large asset managers are “getting ready to acquire the underlying asset to offer the ETF to retail and institutional investors.”
Biggest Driver Behind Bitcoin Price…
SEC Makes 'Materially False and Misleading' Representations Against Crypto Firm — Judge Threatens Sanctions
December 6, 2023
The United States District Court for the District of Utah has expressed concerns that the U.S. Securities and Exchange Commission (SEC) is making “materially false and misleading representations” in its lawsuit against a crypto firm. The court has ordered the securities…
BRC20 Token ORDI Hits $1B Market Cap Amid Crypto Surge, Soaring 676% in a Month – Markets and Prices Bitcoin News
December 6, 2023
In the recent surge in the cryptocurrency market, the BRC20 token ORDI has experienced substantial growth. This week, it reached a new milestone with its market capitalization surpassing the $1 billion threshold. The token’s value has soared by 676% in the past month and…
Mystery Bitcoin Whale Resurfaces, Transfers 1,000 BTC Worth $41M From String of 2010 Era Addresses – Bitcoin News
December 6, 2023
Emerging from obscurity since 2021, a prominent bitcoin whale, originating from the 2010 period, has recently transferred 20 block rewards, equivalent to 1,000 bitcoins valued at $41.87 million based on present exchange rates. This is not the whale’s first such activity; they have previously executed similar transactions, involving sets of 20 block rewards, on several occasions at the onset of…
Brazil's Banking Behemoth Itau Unibanco Debuts Cryptocurrency Trading Services – Bitcoin News
December 6, 2023
Itau Unibanco, the largest private bank in Brazil, has launched cryptocurrency trading services for its customers. Through Ion, its financial services platform, Itau will first offer access to two cryptocurrencies, ether and bitcoin, opening this feature gradually to all…
Why Are Crypto Prices Up? Former SEC Official Says There Are 2 Reasons – Bitcoin News
December 6, 2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement believes that there are two reasons why crypto prices are up. The first concerns regulatory oversight of the cryptocurrency industry, while the second revolves around the concept of the…
US Financial Services Platform Sofi Announces Exit From Crypto Market – Featured Bitcoin News
December 5, 2023
Starting Dec. 19, the financial services platform Sofi will stop offering crypto services to its customers. Sofi said banking regulators’ increased scrutiny of the crypto sector compelled it to make this decision. The company has outlined the steps that must be taken by customers who are willing to have their accounts migrated to Blockchain.com during the transition period, on its webpage.
Sofi…
