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Bitcoin price jumps above $28K after 1.5K BTC shorts ‘blown out’

Bitcoin (BTC) headed back to $28,000 on March 29 as a classic short squeeze took the market to five-day highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC liquidations mount as Bitcoin reverses Binance dip Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $28,159 on Bitstamp. The…

Bitcoin Might Face Worst Case Scenario If BTC Price Mirrors 2019 Price Trajectory

On Tuesday, Bitcoin, the largest cryptocurrency by market cap, fell close to $27,000 after reaching a recent high of $28,889. The drop was attributed to the Commodity Futures Trading Commission’s crackdown on Binance. An analyst, Tedtalksmacro, pointed out that the current price trends of Bitcoin are similar to those…

Bitcoin Miners Dump Their Holdings, Will it Ignite a Sell-Off?

The Commodities Futures Trading Commission (CFTC) has sued Binance, the biggest cryptocurrency exchange in the world, and as a result, there is a lot of uncertainty right now in the cryptocurrency market. After an impressive rally, Bitcoin is now fighting to rise above the $27,000 level following yesterday’s 5%…

General Bytes Plans to Refund All Customers Who Lost Funds in Zero-Day Attack

General Bytes shares a detailed report about a recent hack. General Bytes, a manufacturer of Bitcoin ATMs, has announced plans to compensate customers who lost funds in a cyberattack, in addition to implementing new security measures. According to an incident report by the Prague-based ATM maker, the attacker deployed…

Bitcoin Price Analysis: BTC Eyes Upside Break To $30K

Bitcoin price started a fresh increase above the $26,000 zone against the US Dollar. The price is now trading below $28,000 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $27,800 on the 4-hours chart of the BTC/USD pair (data…

Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses

According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying the groundwork by labeling lawful businesses as…

Bitcoin adoption up despite Binance FUD

Glassnode data has revealed some intriguing statistics that indicate new trends in bitcoin (BTC) adoption and holders’ behavior. According to Glassnode data, the number of addresses holding at least 0.1 bitcoin just reached an all-time high. This milestone suggests a significant increase in the adoption of bitcoin, as more…

Ethereum faces bearish divergence with crypto markets under pressure

The crypto markets are selling off in the wake of the U.S. CFTC filing suit against Binance. Technical traders are worried there could be more downside coming. In a recent episode of The Crypto World channel, host Josh analyzed the current market conditions for both ethereum (ETH) and bitcoin…

Opinion: 2023 Is Already Looking Like Another 2019 for Bitcoin

At Live Bitcoin News, we’ve talked about how 2022 was reminiscent of 2018, which at one stage, was considered the worst year for bitcoin and crypto. We also mentioned that given the patterns and the similarities we were witnessing, it was possible (and even likely) that 2023 was going…

Gary Harmon, Larry Harmon’s Brother, Pleads Guilty to Crypto Theft

An Ohio native allegedly stole millions of dollars in bitcoin from the Internal Revenue Service (IRS). 31-year-old Gary Harmon has recently pled guilty to one count of wire fraud and a separate count of obstruction of justice after allegedly stealing more than 700 individual bitcoin units from the agency.…

Nicholas Taleb Still Ain’t Crazy About Crypto

Bitcoin spent the early parts of January and the new year rising through the ranks and jumping beyond the $17K mark again. Everyone began to get a little excited about the currency’s prospects, but for hardcore critics like Nicholas Taleb – the author of the bestselling book The Black…

Bitcoin eyes $25K as BTC price nears best weekly close in 5 months

Bitcoin (BTC) spiked into key liquidity for a third time into Jan. 29 as the weekly and monthly closes loomed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader on Bitcoin: $25,000 “in sight” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly hitting $24,498 on Bitstamp overnight. The move,…

Institutional Investors Forecast ‘Strong Year’ for Bitcoin — 65% Expect BTC to Hit $100K, Survey Shows

A new survey shows that institutional investors expect “a strong year ahead for bitcoin” and are confident about the cryptocurrency’s long-term valuation. In addition, 65% of institutional investors surveyed agree that bitcoin could reach $100,000. ‘Strong Year Ahead for Bitcoin’ Nickel Digital Asset Management published the results of a…

Core Scientific to sell $6.6m valued Bitmain coupons

On Jan. 28, Core Scientific (CORZ) filed a motion to sell $6.6m worth of Bitmain coupons to pay its debts. The now-bankrupt US-based Bitcoin miner has been in talks with Bitmain and two other prospective buyers that could be interested in the sale.  Cryptocurrency miner Core Scientific to find…

Core Scientific files motion to sell over $6M in Bitmain coupons

Bankrupt Bitcoin (BTC) mining firm Core Scientific filed on Jan. 25 an emergency motion seeking to sell Bitmain coupons worth $6.6 million, according to court records. As per the filing, some conditions applied to the coupons make them useless for Core Scientific’s business. Specifically, the coupons can “only be…

Bitfarms gets a new CEO days after the sale of a $3.6m property

Bitfarms, a bitcoin mining firm, has confirmed hiring a new CEO, Geoff Morphy. The self-mining BTC corporation has promoted its COO and President, Geoff Morphy, to the new CEO and tweeted the new developments at Bitfarms. Bifarms’ new developments were distributed on its official website and Twitter page confirming…

Fiji elects pro-bitcoin leader Sitiveni Rabuka as Prime Minister

Fiji elected Sitiveni Rabuka as its new Prime Minister, marking the first time a pro-bitcoin leader has been appointed to the position in the Pacific island nation. Rabuka, a former military officer and politician, has previously expressed his support for bitcoin and its potential for Fiji and the region.…

Chinese Communist Party official pleads guilty to helping Bitcoin miners

According to a report published by state-owned daily news program Xinwen Lianbo on Dec. 29, Xiao Yi, former Communist Party Secretary of the City of Fuzhou, pleaded guilty to corruption charges in the Zhejiang Hangzhou Intermediate People’s Court. During his tenure as director from 2008 to 2021, Yi was…

BTC price preserves $16.5K, but funding rates raise risk of new Bitcoin lows

Bitcoin (BTC) staged a modest recovery on Dec. 29 as United States stock markets rebounded in step. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $10,000 BTC price targets stick Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering above $16,600 at the Wall Street open after wicking below…

Paul Krugman: BTC Is on the Verge of Disappearing

Nobel Prize-winning economist Paul Krugman is confident bitcoin and Ethereum, the world’s two biggest digital currencies by market cap, aren’t going to last much longer and are headed for points of no return. Paul Krugman Thinks BTC Is Done A lot has happened in the crypto arena in just…

Bitcoin Interexchange Flow Pulse About To Reverse, What Does It Mean?

On-chain data shows the Bitcoin Interexchange Flow Pulse is about to see a trend reversal, here’s what it may mean for the crypto’s price. Bitcoin Interexchange Flow Pulse Is Crossing Over Its 90-Day MA As per CryptoQuant’s on-chain year-end dashboard release, the trend shifts in this metric have historically…

Is Bitcoin(BTC) Price On its way to $15,000? Break the Code Here!

Highlights Bitcoin price is facing massive compression in the past few days that is compelling the price to remain consolidated at around $16,500 The trade set appears to be unfavourable for the bulls to hold the price above the pivotal support and hence may form new lows soon The…

Report: Central African Republic Postpones Sango Coin Listing

The Central African Republic’s plan to list the sango coin in the last quarter of 2022 has been put on hold, while the scheduled unlocking of 5% of token holders’ portfolios has similarly been postponed, a statement from the team promoting the token has reportedly said. The decision to…

MicroStrategy Plans to Launch Bitcoin Lightning Network-Based Product in 2023

The new products may include a Lighting plugin and a Lighting-based paywall or security wall feature. Michael Saylor, the executive chairman and a co-founder of MicroStrategy, revealed that MicroStrategy is looking to roll out Bitcoin (BTC) Lighting Network-based products in 2023. According to Michael Saylor, who discussed the matter…

Bitcoin Will Outperform All Other Assets In 2023 Due To 3 Reasons: Report

In a new report, Capriole Investments has posited that Bitcoin will outperform all other assets in the coming year due to three key reasons. One of those reasons, perhaps unsurprisingly to many, will be the currently all-defining U.S. Federal Reserve (FED). According to the company, the market is currently…

MicroStrategy to release solutions powered by the Bitcoin Lightning Network in 2023

Michael Saylor, the executive chairman of MicroStrategy, in a Twitter Space on Dec. 28, revealed that the enterprise intelligence company intends to introduce software and solutions powered by the Bitcoin Lightning Network in 2023.   The ex-CEO confirmed that they are currently investigating ideal technology solutions using the Lightning Network to “assist”…

Bitcoin price would surge past $600K if ‘hardest asset’ matches gold

Bitcoin (BTC) is due to copy gold’s explosive 1970s breakout as it becomes the world’s “hardest asset” in 2024. That was one forecast from the latest edition of the Capriole Newsletter, a financial circular from research and trading firm Capriole Investments. Bitcoin due big moves “and more” in 2020s…

Bitcoin Price Grinds Lower, More Losses Seem Imminent

Bitcoin price is slowly moving lower from the $17,000 resistance. BTC could continue to move down towards the $16,000 support zone. Bitcoin started a fresh decline after it failed to clear the $17,000 and $17,200 resistance levels. The price is trading below $16,700 and the 100 hourly simple moving…

Historically January Is Not Bitcoin’s ‘Best Month’, February to Be a Game-Changer?

The price of bitcoin had already dropped significantly in 2022 before the abrupt failure of the trading site FTX last month. After a lackluster 2022, all eyes are on Bitcoin as it enters 2023 with high expectations. As noted by expert Daan Crypto, January has historically not been Bitcoin’s…

Why The Bitcoin Price Could Kick Off 2023 On The Wrong Foot

The Bitcoin price has finally shown signs of life, albeit to the downside, a direction that might dominate the charts in 2023. During the holidays, the cryptocurrency was stuck on a single level, but the end of 2022 might see  As of this writing, Bitcoin trades at $16,600 with…

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