According to new research reports, only a minority group of wallets hold the lion’s share of Bitcoin (BTC). The report revealed that the top 1% of wallets control more wealth than most affluent households in the US. More surprisingly, the top 0.01% of Bitcoin holders control 27% of all BTC in circulation. The details emerged […]
As Bitcoin (BTC) struggles to keep bears at bay, the United States Securities and Exchange Commission (SEC) has announced the postponement of its decision on the Bitwise Bitcoin ETP Trust and Grayscale Bitcoin Trust applications. The regulatory authority issues two separate extension dates for both applications to decide whether to approve, reject, or “institute proceedings […]
Bitcoin (BTC) and most of the crypto market breathed a breath of fresh air late yesterday, following a favorable reaction to the recently-concluded US Federal Reserve meeting, as the Fed opted to keep its rates unchanged. The end-of-year policy focuses on promoting jobs and gaining price stability in the medium term. The official PR of […]
After 13 years since its inception, the Bitcoin (BTC) network has crossed a momentous milestone as 90% of all Bitcoins, to ever exist, have gotten mined. That said, the outstanding 10% supply will take a significantly longer period—over 100 years, by estimates. Bitcoin began its journey on January 3, 2009, following its launch by Satoshi […]
Bitcoin (BTC) is on track to record its first consecutive bearish week as it trades down by over 28% from its previous all-time high. However, BTC bulls remain optimistic over the medium and long-term prospects of the digital asset. One of the optimistic bulls is Microstrategy CEO Michael Saylor, who recently revealed that his company […]
Despite the lingering bearish sentiment, Bitcoin (BTC) has recorded some significant recovery in its network metrics. According to a recent report from on-chain analytics provider Galssnode, Bitcoin’s hash rate has rebounded significantly and is only 4% away from its previous all-time high. The benchmark cryptocurrency’s hash rate plummeted by over 50%, following the recent China […]
Bitcoin (BTC) suffered its worst single-day crash for the first time since mid-May last Saturday, as the price slumped to a multi-week low of $42,000. As expected, the +$16,000 crash within 24 hours sent many investors into a panic, which sent the Bitcoin Fear and Greed Index to “Extreme Fear” territories. The Fear and Greed […]
Vice-Chairman of Berkshire Hathaway Charlie Munger recently made some remarks on the ban of cryptocurrency in China, noting that the Asian nation “did the right thing.” Munger—often called Warren Buffett’s right-hand man—aired his opinions about cryptocurrency at the Sohn Hearts and Minds, Australia’s premier investor event last Friday. The veteran investor previously called Bitcoin “rat […]
Following a marketwide crash in the crypto industry yesterday, Bitcoin (BTC) suffered a 21% plunge to the $42,000 low on most exchanges. Yesterday’s slump is arguably one of the worst in recent history for the market, with BTC shedding over $11,500 alone. However, Huobi traders suffered a worse crash as the crypto asset recorded a […]
