Bitcoin is not expected to retest its record until later this year, but data shows this correction could get uglier before a recovery begins similar to how the cryptocurrency fared between two all-time highs in 2021. A bitcoin valuation indicator, CryptoQuant's Bitcoin Profit and Loss Index, is currently hovering around its own 365-day moving average. This key threshold helps traders determine whether bitcoin is in a bull or bear market Continue reading →

U.Today - market cap dominance has reached 54.5, according to data provided by TradingView. This marks the highest value in this metric for Bitcoin since July 2021. A coin dominance is a ratio of its market cap to the cumulative market cap of cryptocurrencies. Continue reading →

The German governments Bitcoin wallet is down to 9,094 Bitcoin just 18% of what it started with after the latest string of back-and-forth transfers to crypto exchanges on July 11. The wallet, which has been holding Bitcoin (BTC) seized from a film pirating website crackdown in January, has transferred out billions in Bitcoin since June 19 but ramped up efforts at the start of July Continue reading →

The fast-growing cryptocurrency industry is a major consumer of electricity, but no onenot even the U.S. governmentknows exactly how much energy goes into the armada of computers used to mine Bitcoin and other digital assets Continue reading →

U.Today - JP Morgan CEO Jamie Dimon has issued a warning with consequences for the markets. This latest warning has left many investors wondering about the implications for various asset classes, particularly cryptocurrencies. According to CNBC, the JPMorgan CEO issued a warning about inflation on Friday despite recent signs of easing in price pressures Continue reading →

The presumptive Republican presidential nominee, Donald Trump, is scheduled to speak at the upcoming Bitcoin Conference in Nashville, Tennessee, later this month. While this would be the first time a presidential candidate would attend the conference, it has sparked a debate about whether Trump will receive support from the crypto community in the upcoming election. Continue reading →

Independent market analyst Arsen remains unfazed by the recent dip in Bitcoinsprice, predicting a monumental rebound to $330,000 in the current bull cycle. Arsen argues that smart money institutional investors, market experts and other financial professionals has accumulated Bitcoin (BTC)during its recent correction cycle, indicating its long-term bullish bias for the top cryptocurrency. Continue reading →

In light of a recent court ruling in Illinois that classified Bitcoin and Ether as commodities, Nigerian stakeholders are urging the Nigerian Securities and Exchange Commission (SEC) to adopt a similar approach in its regulatory framework. The call for clarity and proper classification comes as cryptocurrencies play an increasingly significant role in the global financial landscape. Lucky Uwakwe, chairman of the Blockchain Industry Coordinating Committee of Nigeria (BICCoN), spoke to Cointelegraph and emphasized the importance of clearly defining the class of crypto assets Continue reading →