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Cryptocompare November Report Shows Ethereum, Litecoin, and Solana ETPs Performed Better than Bitcoin’s

On-chain provider Cryptocompare revealed, in its latest edition of its Digital Asset Management Review, that Ethereum, Litecoin, and Solana ETPs performed significantly better than Bitcoin’s in November. The analytics platform publishes a research report every month on the cryptocurrency investment product sector. These products are ETPs tethered to top crypto assets, like Grayscales’s GBTC and […]

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El Salvador Buys the Bitcoin Dip Amid Intense FUD-Induced Sell-Off

As the crypto market continues to cave under the prevailing FUD pressure, El Salvador has bought the Bitcoin (BTC) dip again. The Central American nation took advantage of the heightened sell-off to purchase 100 more BTCs amid panic over the new “Omicron” variant of the COVID-19 virus. President of El Salvador Nayib Bukele took to […]

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Bitcoin Prices Dip Below K Amidst Large Whale Transactions

Bitcoin Whales Double Down on Accumulation Despite Recent Crash

While Bitcoin (BTC) remains constricted within a sideways pattern, whales have only doubled down on supply accumulation. On-chain analytics firm Santiment reported that BTC whale addresses have accumulated over 60,000 BTC over the past week. The firm noted that: “If you’ve been waiting for #Bitcoin whales to show signs of accumulation, our data indicates it’s […]

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Nayib Bukele Reflects on El Salvador's Bitcoin Journey

Bitcoin City: El Salvador Doubles Down on Bitcoin Adoption Projects

Only a few months after officially adopting Bitcoin (BTC) as legal tender, El Salvador has announced plans to build a “Bitcoin City” with help from Blockstream and Bitfinex. Meanwhile, official sources have revealed that the country could add $500 million more BTC to its holdings. During a week-long BTC conference, President Nayib Bukele announced plans […]

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Bitcoin to Flip Gold this Decade: Michael Saylor

In an interview with CNBC Friday, MicroStrategy CEO Michael Saylor talked about the future of Bitcoin (BTC) and made some optimistic projections. Saylor expounded on the adoption rate of BTC, cryptocurrency regulation, market volatility, gold vs. BTC, and Bitcoin as the leading digital asset and safe-haven investment. MicroStrategy currently holds 114,042 BTC (worth $6.72 billion […]

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Bitcoin Price Under Pressure as BlackRock Adds IBIT to Advisor Portfolios

Bitcoin Price Analysis: BTC Dips Below $60,000 Amid Intense Profit Taking

Bitcoin (BTC) suffered a >8% crash on Tuesday, despite previously recording a successful network upgrade. The primary cryptocurrency bottomed at the $59,000 low earlier today, effectively erasing all the gains recorded in November. Additionally, BTC has dropped by 11.75% over the last seven days from a record high of $69,000 on November 10. Meanwhile, the […]

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Bitcoin Prices Dip Below K Amidst Large Whale Transactions

Bitcoin Crashes to Three-Day Low Following Activation of Eight-Year-Long Dormant Whale Account

Yesterday, a forgotten Bitcoin (BTC) whale wallet that had remained dormant for over eight years recorded activities for the first time since its creation. According to Btcparser.com, the behemoth account spent 2,207 BTC, worth $147 million (using $69,000). The address, created on July 10, 2013, contained a total of 2,207.6 BTC and moved its entire […]

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