Bitcoin

Bitcoin

Veteran Analyst Peter Brandt Identifies Down Channel in Bitcoin Price Movements

Veteran market watcher Peter Brandt identifies a congestion in the price movements of Bitcoin, which he believes is a down channel rather than a flag. In a recent update, Peter Brandt pointed out a congestion phase in Bitcoin, emphasizing its classification as a down channel. The season analyst noted that flags typically last between four […]

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Bitcoin

Bitcoin vs. the Magnificent Seven: Assessing Investments in Tech Giants and Cryptocurrency

Over the past year, the spotlight has shone brightly on the “Magnificent Seven” stocks, captivating investors once again with the allure of tech and growth stocks. These stocks represent the cream of the crop in the market, promising exciting prospects ahead. Notably, they are poised to reap significant rewards from the rise of artificial intelligence

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Bitcoin

Coinbase Whale Exodus: Bitcoin Holdings Plunge to 2015 Lows

Bitcoin holdings on the Coinbase crypto exchange have reached their lowest level in nine years as users move a significant amount off the exchange. According to a CryptoQuant report, whales moved 18,000 Bitcoin worth nearly $1 billion over the weekend, with transfer values ranging from $45 million to $171 million. Coinbase’s public order book now holds around

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ETF

Bitcoin ETFs Gain Global Traction: U.S. Approval Sparks Race for Regulatory Nods, Australia Leads the Charge

The anticipated approval of exchange-traded funds (ETFs) for spot bitcoin (BTC) by the U.S. Securities and Exchange Commission (SEC) has the potential to set a precedent for regulatory nods across Asia. While some regions may not immediately establish ideal policies, analysts suggest that the SEC’s approval could catalyze momentum in the crypto space. Concerns among

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Bitcoin

Bitcoin Hash Rate Plummets 34%, Unveiling Vulnerabilities in Cryptocurrency Mining Industry

The recent Texas deep freeze has led to a substantial decline in the Bitcoin hash rate, as miners had to scale back operations to assist the state’s energy grid. YCharts data reveals a notable 34% reduction in the total Bitcoin network hash rate, dropping from over 629 exahashes per second (EH/s) on January 11 to

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