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Bitcoin Hash Rate Nears Previous All-Time High as China Loses Influence of Crypto Market

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 […]

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Charlie Munger Salutes China for Crypto Ban, Remains Fiercely Opposed to Crypto Investing

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 […]

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Bitcoin ETFs Suffer Dip in Inflows as Bitcoin Price Drops

SEC Rejects Another Spot Bitcoin ETF, Citing Inability to Monitor Market as Its Reason

The United States Securities and Exchange Commission (SEC) has reiterated its disapproval of spot Bitcoin ETFs after rejecting another listing request from WisdomTree. The regulatory watchdog threw out a proposed rule change from the CBOE BZX Exchange to list shares of the spot Bitcoin Trust by WisdomTree. The SEC explained that it rejected the ETF […]

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Bitcoin Fear and Greed Index Taps Highest Level Since November 2021

Bitcoin Stumbles Below $59,000 Despite Firm On-Chain Metric

Bitcoin (BTC), alongside the global stock markets, continues to suffer FUD amid the emergence of the Omicron COVID-19 variant. A risk-off sentiment in global financial markets, continued bond tapering efforts by the Federal Reserve, and high leverage on BTC derivatives are all near-term volatility-inducing factors for Bitcoin’s price action. Despite all these, the on-chain metrics […]

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MicroStrategy Loads Up on BTC as Bitcoin Reels from Previous Crash

As Bitcoin (BTC) continues to stagger around $60,000, MicroStrategy has 7,002 BTC to its stash, bringing its total holdings to 121,044 coins. MicroStrategy CEO Michael Saylor broke the news yesterday, tweeting that: “Microstrategy has purchased an additional 7,002 bitcoins for ~$414.4 million in cash at an average price of ~$59,187 per bitcoin. As of 11/29/21, […]

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