After failing to sustain above the resistance of its narrow range, Bitcoin (BTC) fell near a key support on July 18. The consolidation of the past few days seems to be an accumulation phase, according to Glassnode’s Bitcoin Accumulation Trend Score. A similar score was seen during the accumulation phases between November to December and
Month: July 2023
The XRP price recorded a stunning rally after district judge Analisa Torres published the summary judgment in the legal battle between Ripple and the Securities and Exchange Commission (SEC). But after rising by almost 100 % temporarily on the day of the decision, the XRP price saw an initial consolidation. Now, price could break out
Bitcoin (BTC) mining’s environmental impact has always been a controversial topic. On the one hand, critics emphasize that securing the Bitcoin network takes more power than some whole countries’ annual electricity consumption. On the other hand, much of the crypto community argues that it is a necessary activity that has enabled the Bitcoin blockchain to
Since 2021, pop superstar Taylor Swift has been rerecording and releasing her entire back catalog of albums in an effort to break away from her previous record label and gain greater control over her art. The fact she has to go through such a painstaking, expensive process just to recover what most would consider rightfully
In the latest episode of The Market Report, Cointelegraph analyst and writer Marcel Pechman discusses Ripple’s partial victory against the Securities and Exchange Commission and its impact on the crypto market. Although people traded based on emotion after headlines popped out, the next day, as investors could process what happened, the altcoins gave away half
Bitcoin (BTC) is still almost a year away from its next block reward halving, but Litecoin (LTC) miners are already bracing for impact. In less than two weeks, Litecoin’s block subsidy will drop from 12.5 LTC to 6.25 LTC per block. Whales stock up on LTC — but BTC value stays weak Despite its fair
The second quarter of the year has been a solid one for Bitcoin’s performance as its market dominance gained against altcoins which “bled” throughout the quarter according to CoinGecko. On July 18, the crypto data aggregator released its industry report for Q2 2023 which noted Bitcoin (BTC) and Ether (ETH) continued to build upon their
A wallet address containing pre-mined Ethereum worth $116 million moved its entire stash of 61,216 Ether (ETH) to an address in the Kraken crypto exchange after lying dormant for eight years. In June 2014, the Ethereum ecosystem conducted a sale event, allowing early team members and co-founders to participate and accumulate pre-mined Ether, at a
Democratic presidential candidate Robert F. Kennedy Jr. has promised to progressively back the United States dollar with Bitcoin (BTC) if he is elected president. Speaking at a July 19 Heal-the-Divide PAC event, Kennedy claimed that backing the U.S. dollar with what he called “hard currency,” including gold, silver, platinum or Bitcoin, could help to re-stabilize
Bitcoin (BTC) price dropped below the $30,000 level on July 18, which given the developments of the last month, retail investors may not have expected, but does today’s downside move represent an upcoming shift in the trend? Data suggests that over the longer-term it does not. To get to the positives first, Bitcoin price is
Decentralized applications could tap into improved privacy features as blockchain firm Oasis launches its confidential EVM-compatible blockchain Sapphire. Sapphire and the Oasis Privacy Layer (OPL) are now live, allowing existing decentralized applications (DApp) on Ethereum Virtual Machine (EVM) networks to make use of the blockchain’s privacy-first features without having to carry out cross-chain swaps for
The Eighth Judicial District Court of Nevada has granted a petition from the state’s Financial Institutions Division (NFID) placing crypto custodian Prime Trust into receivership, pending a hearing to show cause. In a July 14 filing, the Nevada court ordered the appointment of a receiver for Prime Trust following a June 26 petition from the
Fidelity Digital Assets released a ‘Q2 2023 Signals Report’ on July 18, which claimed that Ether’s (ETH) outlook for the next 12 months and the long term is positive. Year-to-date, Ether price has gained 62% but while the investment firm might be ‘short-term’ bullish on Ether, that does not mean they believe that the month-long
Following the legal victory by the digital payment network, Ripple, Representative Ritchie Torres has written a letter to the US Securities and Exchange Commission (SEC) urging them to reconsider their approach to regulating cryptocurrencies. The letter, addressed to SEC Chair Gary Gensler, highlights the recent decision by Judge Analisa Torres of the Southern District of
Bitcoin (BTC) has spent almost a month at or near $30,000, but this is no coincidence, new analysis claims. In one of its Quicktake market updates on July 17, on-chain analytics platform CryptoQuant highlighted three key factors keeping BTC price action in the same place. Bitcoin speculators in the driving seat Bitcoin has rebuffed any
Bitcoin (BTC) targeted new month-to-date lows at the July 18 Wall Street open as bulls refused to give up on $30,000 support. BTC/USD 1-hour chart. Source: TradingView BTC price: Heavy resistance risks weekly downtrend Data from Cointelegraph Markets Pro and TradingView showed BTC price action dropping after a modest rebound from $29,675 — its worst
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