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Top Trader Says Bitcoin Now in Promising Position for Long-Term Rally, Updates Outlook on Ethereum-Based Altcoin

A trader who accurately called Bitcoin’s (BTC) May 2021 crash believes that the crypto king is now in a position to ignite a fresh uptrend. Pseudonymous analyst Dave the Wave tells his 140,700 followers on the social media platform X that Bitcoin’s weekly moving average convergence divergence (MACD) indicator just flipped bullish at the zero level, indicating that BTC may be gathering steam. The MACD is a momentum indicator that can signal the reversal of an asset’s trend. Says Dave the Wave, “Weekly BTC MACD re-crossing from a promising position low on the zero-line. A less volatile price action as...

Bitcoin (BTC) Net Unrealized Profit/Loss (NUPL) Between Fear and Optimism

Bitcoin price has been correcting since reaching a local peak at $28,580 on October 2. Since then, the bears have managed to push down the price of the largest cryptocurrency into the $26,500 area. What’s next for the BTC price? At the same time, the well-known on-chain Net Unrealized Profit/Loss (NUPL) indicator shows the ongoing battle between areas of fear and optimism. Despite a bullish start of 2023 and an escape from the capitulation zone, Bitcoin price corrections continue to return to the fear area. Will the Bitcoin Risk Index, which has currently reached its lows, finally keep the cryptocurrency...

Bitcoin Price Prediction as BTC Holds At $26,800 Level – Best Time to Buy?

As Bitcoin stabilizes around the $26,800 mark, a myriad of investors and enthusiasts are casting their analytical gaze on its future price trajectory. The renowned cryptocurrency, often heralded as digital gold, presents both opportunities and challenges in predicting its next move.  This update aims to delve into an in-depth analysis of Bitcoin’s current stance and provide informed price predictions for potential and existing investors. Bitcoin Price  Bitcoin, currently positioned at a pivotal $26,800 level, has many investors deliberating on the opportune time to make their move.  Analyzing the data for September 28, Bitcoin is trading for $26,938. Within the span...

Crypto Whales Alert: 16 New Bitcoin (BTC) Addresses in a Single Day

In a significant development, Bitcoin’s whale addresses have marked a notable surge, with 16 new addresses added within a 24-hour, as Santiment reported. This surge coincides with Bitcoin’s ongoing attempt to break the crucial $27,000 resistance level. Bitcoin Whales Number Increase Santiment’s data highlights that this surge in whale addresses, specifically those holding between 100 to 1,000 BTC, represents the most substantial one-day increase since February 28, 2022. With these new additions, this cohort’s total count of addresses now stands at 13,967. Bitcoin Whales Addresses. Source: Santiment Sponsored Sponsored However, it’s worth noting that this growth is partially due to...

Bitcoin Integration in Minecraft: Roller Coaster Ride in Gaming World

You are here: Home / News / Bitcoin Integration in Minecraft: Roller Coaster Ride in Gaming World Back in July, Satlantis was introduced, the Minecraft server that held the enticing promise of allowing players to earn Bitcoin through in-game quests and play-to-earn features. As everyone pondered the potential of this Bitcoin integration in the face of Mojang’s past NFT ban, little was it known that a roller coaster journey lay ahead. Time has now unveiled the outcome, with Microsoft subsidiary Mojang successfully convincing Satlantis to eliminate these play-to-earn elements, including BTC rewards. In a Discord announcement, the server’s founder, David...

As fans seethe over its ownership, the Glazer family decides a $6.1 billion offer for Manchester United isn't enough

The Qatari group led by Sheikh Jassim Bin Hamad J.J. Al Thani has withdrawn its bid to buy Manchester United, people familiar said, paving the way for British billionaire Jim Ratcliffe to eventually gain control of the storied football club. The Qataris had offered more than £5 billion ($6,1 billion) for the team, compared to its current market value of $3.3 billion. The offer wasn’t enough to satisfy the demands of the club’s owners, the Glazer family, people familiar with their thinking said, who asked not to be named discussing private information. The near-yearlong bidding process has been beset with...

Coinbase Holds $25 Billion Worth Of Bitcoin, Becomes Largest Holder With 1M BTC

In a notable discovery , Arkham Intel, a leading blockchain intelligence platform, has identified $25 billion worth of Bitcoin (BTC) reserves held by Coinbase, the prominent US-based cryptocurrency exchange.  This revelation puts Coinbase at the forefront of the Bitcoin landscape, positioning it as the largest Bitcoin entity in the world alongside the enigmatic Satoshi Nakamoto. The uncovered reserves amount to nearly 5% of the total Bitcoin supply. Coinbase Emerges As Top Bitcoin Holder Arkham Intel’s comprehensive analysis has successfully tagged over 36 million Bitcoin deposits and holding addresses associated with Coinbase. Remarkably, Coinbase’s largest cold wallet alone contains around 10,000...

Ethereum Foundation Clarifies Vitalik Buterin’s $15M USDC Transaction

You are here: Home / News / Altcoin News / Ethereum Foundation Clarifies Vitalik Buterin’s $15M USDC Transaction Ethereum founder Vitalik Buterin recently moved a substantial $15 million USDC [USD Coin] worth of transactions on October 16, which piqued the interest of various blockchain tracking platforms, raising questions about its nature and purpose. Blockchain analytics firm PeckShield first reported the transfer from Buterin’s wallet, “vitalik.eth,” to the Gemini crypto exchange, amounting to $15 million. However, the Ethereum Foundation swiftly clarified the situation. According to an ETH Foundation spokesperson, the transfer was the result of approval by Buterin’s Ethereum Name Service...

EY Announces First Corporate Client for EY Blockchain Analyzer: Reconciler

The tool will use analytical dashboards to identify transaction errors, wallet address balances and digital signatures. Ernst & Young (EY) Global has announced the first corporate client for its EY Blockchain Analyzer: Reconciler. Per the announcement, Fidelity Digital Assets, a subsidiary of Fidelity Investments, became the first enterprise to use the tool after its launch in February. EY Global Blockchain Leader Paul Brody believes that a robust internal risk management process and operational excellence are necessary for cryptocurrency platforms to gain a competitive edge and instill trust among investors and regulators. This, he said, is what the EY Blockchain Analyzer:...

BITCOIN PRICE ANALYSIS & PREDICTION (September 24) – BTC Stays Calm Under $27k, Fresh Dip in Play?

The sentiments surrounding Bitcoin lately appeared bullish, but things are still not looking good for the most-traded asset as it remains bearish on the weekly. It currently looks stable with a market dominance of 49.1%. Last week saw Bitcoin suddenly rebound after testing the $24,900 level (April’s resistance) as monthly support. That bounce brought a notable increase during last week’s trading but the rally quickly halted at the peak of $27,500 this Tuesday.  The halt triggered a bearish interception earlier this week as the price dipped to a low of $26,400 within a blink. Ever since Bitcoin has remained calm...